If you’re looking for an easy way to make some extra cash, why not consider copywriting? There’s plenty of work to be had for remote writers who can crank out business plans, marketing materials, and other boring corporate paperwork. You’ll need a good grasp of business and marketing to do well, but the pay is typically pretty good. You’ll usually need to write a business plan, though. It can be tricky to gauge how much to charge for a business plan, but if you want to earn some extra money, consider these handy tips.
The Business Plan Drafting Process
Before you start charging for business plan services, it’s important to know how much work goes into the process. Most large law firms and consulting firms specialize in helping businesses get off the ground and grow, so they can earn a good living by helping business owners with legal issues and other professional businesses with their paperwork. Depending on how big you want to get, it can take a couple of months to a couple of years to get all of the necessary documents in order. Once you’ve established a strong base, though, you can begin to build your portfolio.
Cost Of Materials
When you first get started, the cheapest typewriters and computers you can find will suffice. Even now, when I’m writing this, I’m using a 2015 Macbook Air and it costs me around $900 per year to lease it. The same contract with a company like Microsoft will set you back at least two times that. You’ll also need an internet connection, which can be quite the expense. The price ranges vary, but in general, you can expect to spend a decent chunk of change on copywriting materials. This is one of the major considerations you need to make when pricing your services.
The Time It Will Take
Even when you’ve drafted a business plan several times, it will still take you at least a couple of hours to get it right. You’ll need to do some prep work before you can begin writing. This includes researching the industry, gathering the necessary information, and putting it in the proper format. You’ll also need to ensure that all of the information is accurate and that everything is backed with proof. Even if you’ve done this before, you’ll still need to spend several hours going through it to make sure everything is in order. Once you’ve got a couple of good business plans, you can begin charging for your services. If you decide to become a full-time writer, however, you’ll need to add another couple of hours to your day to get everything done. It’s not impossible, but it will be a lot of work.
Uniqueness Of Your Product Or Service
Depending on your unique selling point, you may or may not need to write a business plan at all. If you’ve developed a product that no one else in the world is offering, then you’re in luck because you don’t need to convince anyone to buy it. All you need is the people who are already interested in your product and are looking for information about it. Even if you’ve got a product that can be replicated, you still need to write a business plan to convince investors or lenders that you’ve developed something unique. When you write the plan, you need to ensure that you’ve focused on all of the necessary areas including research, market analysis, product description, and financial analysis. Make sure you back everything up with relevant data and analysis to support your arguments. While you’re at it, try and work on making the plan more concise. There’s no point in wasting a lot of words when you can keep the ideas simple yet effective.
When it comes to pricing, you’ll need to look at the level of effort you’ve put into the plan and how much you need to charge to make a living. You’ll also need to consider your own value. What is your speciality? What makes you different from other writers? What makes you better than the rest? Think about what you’ve done that’s made the plan more unique and you’ll be able to come up with ideas for unique selling points that you can use to your advantage when you write your business plan.