This is a question asked by every person that considers this career. Unfortunately, finding an answer to it is almost impossible, because this kind of business is rather unpredictable.
Generally speaking, one can say that the amount of money you make through freelance writing will depend directly on you. However, this will hardly help you decide whether taking this career path is worth the risk, so here are some facts that can make understanding the mechanics that define writers’ salaries a bit easier:
- Research is always the key to understanding. This means that you will need to research the rates offered for different kinds of freelance writing jobs. You’ll need to learn how much different papers and articles are worth and what influences their market value. This way, you will be able to rate your works properly and draw up a plan that you’ll need to follow in order to make a living through online freelance writing.In the beginning you may not have a chance to be picky about what kinds of jobs you take, but if you don’t set some goals for yourself, you won’t be able to progress. This means that first of all, you should decide how much money you need to earn to support your living. Then you’ll have to start looking for clients that offer the amount of money you require. It’s essential to have some starting capital that you’ll be able to use to pay the bills before finding good clients and establishing a reputation for yourself.
- There are some freelance writers that make $100,000 a year and more, and you can become one of these people. However, there are also those who cannot earn enough money to support themselves, so they give up writing and look for ordinary day jobs. The difference between those people is dedication and the amount of real hard work they invest in this business.
If you have a goal of making $100,000 a year, you’ll need to make $50 an hour. This means that you will need to manage your time with extreme care and give the work your all. There are plenty of opportunities that writers can use to make additional income, for example:
- Publishing e-books
- Writing articles for magazines
- Publishing short stories
- Revenues from online advertising
This list is far from being complete. Thus, you should understand that if you want to make freelance writing a fulltime job, you will need to explore every opportunity this business has to offer.