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How To Build More Money As A Freelance Web Content Writer – Guide
Tired of writing for pennies (or peanuts, or whatever cliché you prefer) and ready to learn how to earn real money online? We’re tired of it too. That’s why Carol started charging for her posts a few years ago — and last fall she raised her fees to $75+. And that’s why we regularly update our list of sites that pay money. Freelance work is generally referred to as part-time work. The people you work for are your customers and you need to meet their needs with your work.
As a freelancer, you are usually paid per project rather than monthly. The same goes for freelance writing. In freelance writing, copywriters meet the requirements of clients and companies within a certain time frame. Also, working with freelancers is similar to working with agencies, where a single person is responsible for meeting your needs. Also, freelancers don’t have their own offices; usually work from home or other remote location and work individually.
How to Build More Money as a Freelance Web Content Writer
Find out more about your income
The first step to making more money is learning more about the money you are already making. Many writers find a review of final very useful for evaluating your income, business model and customers and setting goals for the coming year.
But you don’t have to wait until the final of the year to do a review. Anytime you want to make a big change to your business plan, like increasing your income, it’s a good time to do a review.
set goals
Think about how much money you want to earn and set income goals. You can set annual, quarterly, monthly, or weekly goals, or a combination of them all. If your goals are long-term in nature, it makes sense to break them down to get a better idea of how much you need to earn to stay on track.
For example, if you want to earn $50,000 a year and take two weeks off a year, you will need to earn an average of $1,000 a week at work to stay on track. If you want to earn $100,000 a year and you have two weeks off, you should earn $2,000 a week. Remember that part of that money goes to taxes and expenses. Consult a tax advisor or accountant to find out how much you should save for these expenses (and how and when you pay your taxes).
raise your prices
When you’ve had the same customers for a long time, it’s easy to keep your prices the same for years. You might be afraid to scare off a loyal customer with higher prices, but it’s often worth taking the risk and charging more. Many freelancers ask for more money in the New Year, while others prefer to ask for a raise in the client’s new fiscal year or at other times. How much should you ask for? If you make $150 per blog post, asking for $750 right away might be a bit much. Few customers have the budget to quintuple their fees right away.
But if you’re earning $150 and want to increase that amount to $175, you might be luckier. It is very useful to have an idea of the customer’s budget when proposing a price increase. If the company is just cutting its budget and laying off employees, this is probably not the best time to ask. However, if the company has just landed a lucrative new contract, this may be the best time to get more work and raise your prices.
Spend less time on low-paying projects.
If you spend all day writing articles for $20, it’s going to be hard to make a lot of money as a freelance writer. If you’re working 40, 50, or 60 hours a week on low-paying projects, it can be hard to find the time and energy to find better-paying clients.
Sometimes you need to let go up time in your schedule and space in your customer base – to make room for higher paying customers. This doesn’t mean you should ditch all your customers and only accept the ones that pay $5 a word (those will be hard to find).
Set your new prices
Figuring out what to charge can be a little challenging. Fees and fee structures vary widely. Freelancers can be paid by the word, by the hour, or even by the project. For guidance on typical fees, the Editorial Freelancers Association provides a list of market fees for a variety of services from transcription to ghostwriting. These fees are a good starting point for negotiations, but they are not final.
When setting the price you charge a client, consider how long you expect the project to take. If an item costs $200 and takes two hours of your time, your hourly rate is $100. If a $500 project takes 15 hours, you’ll earn $33 an hour, but if the same project takes 40 hours, its hourly rate drops to $12.50 – a rate that approaches the minimum wage in some countries.
Final note
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