A lot of people think that becoming a writer is a lucrative career option. After all, you will be able to dictate your creative thoughts and turn them into words. You will also be able to make a decent amount of money from your work. However, if you want to make sure that you are financially secure, it might be a good idea to consider other options. What other options are there? Let’s have a look.
Editing
If you are an experienced editor, you will be able to secure a fairly high-paying position. Indeed, you can make a lot of money from editing. You will be responsible for revising the work of other people. If you are not familiar with the term editing, it basically means that you will be in charge of making the articles or the books that the author has written much more attractive to the general public. In terms of reward, you will be able to earn anywhere from several hundred dollars to a few thousand dollars per week. Since most editors are freelancers, you will have the freedom to quote normal rates.
Consulting
If you are an expert in your field, you can potentially make a lot of money consulting. You will be responsible for giving advice to businesses and organizations regarding your area of expertise. For example, if you are a financial expert, you can become a consultant for a company that is looking to start or expand a bank account. In this case, you will get paid per project. However, you should not expect to make a large amount of money from consulting work since the profit margins are usually low. Still, it is a lucrative option for someone who is already established in their field.
Blogging
If you have a knack for writing, you can use this skill to make money online. There are plenty of highly compensated blogging jobs that you can get if you know what you are looking for. The basic idea behind a blog is that you will be in charge of regularly posting new articles to the website. You will need to create interesting content that will keep the readers coming back for more. As you grow your audience, you can use your blog to pitch advertisingverts or sponsorhips. A lot of money can be made from blogging; however, you should not expect to make a large sum of money from a single blog post. It usually takes a lot of time to establish yourself as an authoritative voice in your industry. When you finally get the opportunity, you will have the power to make a decent amount of cash.
Freelance Writing
If you can write, you can make some money as a freelance writer. You will be in charge of pitching articles to publications or websites that are looking for content in your industry. To get started, you will need to create a portfolio of previous work and show that you can produce high-quality content on time. If you can establish yourself as a reliable writer, you can use your skills to secure freelance writing gigs that will pay you fairly well. For example, the New York Times will usually pay you between $500 and $1000 per article. Since most of these publications have a large readership, your work will be read by many people and you will be able to build an audience quickly.
Film & Television
If you can write, you can make even more money as a freelance writer working for TV or film production companies. You will need to pitch articles for small publications or pitch full-blown feature stories to entertainment magazines. Since you will be working directly with the media, you will have the opportunity to pitch stories about your area of expertise or experience. If you can get a foot in the door, you can use your connections to further gain access to more prestigious media outlets. Once you have a foot in the door, you can use your resources to further your career.
As you can see, there are several different avenues that you can follow to make money as a writer. Once you have established yourself, you can decide which route you will pursue. Be sure to put your skills to good use and make the most of your time while you are young.