I have recently started reading posts from the WriterAccess blog which is written by both staff and contract writers from the site. The most recent post, Graduating from Writing Press Releases for Pennies, resonated quite a bit with me, and I thought that I would talk about the concepts here. I do recommend that you read the original post, because I am not going to repeat it here.
There were really two ideas that I want to discuss. The first one is that we all start out on the bottom rung of the ladder in the freelance writing business. Just like any job, writers need to pay their dues. However, as we grow in experience, it behooves us to relinquish the lower paying jobs and pick up more and more higher paying jobs.
A good example is free writing sites which many of us started out on. The truth is that we all need to make a living. There is no shame in it. That also means making the most of our time. If you have a choice of a guaranteed $50/hour job and a free article that may make you $1000 down the road, it is better to take the guaranteed $50 now. Not only will you get the $50, but you may also get future $50/hour jobs from this current job. The $1000 sounds good but it is potential. If you have time, then work on that job afterwards.
As beginner writers, we are thrilled with any pay, but as experienced writers we deserve and should get paid more. Take the time to cultivate jobs and clients that can pay more, so that you can earn more money from the time you spend working. Then you won’t have to work so many hours. There is no question that I am a more knowledgeable and better writer than I was when I started working online in 2008. That experience and knowledge is worth something.
The second idea that struck me was that you cannot put all your eggs in one basket. This concept is one that I cannot repeat enough times on this blog. Smart investors spread their money out into several types of investments. You, as a freelance writer, need to do the same with your income. It is great if you are earning a lot of money from one source right now. However, with the constant changes to the Internet, laws, search engine technology, what works today will not work tomorrow. This means having more than one client, more than one site, more than one type of income, whatever fits your model of earning. Watch trends and know your market. Think of new ways that you can use your existing skills to make money.
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