If you’re a beginning freelance writer, or don’t know many other freelancers, you may wonder how anyone manages to earn enough to eat and pay the rent by writing or performing a mix of writing-related tasks. Yet, smart full-time freelance writers and editors annually gross $35,000 and up—sometimes into the $150,000-200,000 range. These top-earning freelancers rarely have names known to the general public. (Celebrity writers earn fees far beyond the rates cited in this survey.) But, year after year, they sustain themselves and their families on a freelance income, while maintaining control of their hours and their lives.
Such freelancers take writing and editing seriously—it’s their business.
Periodically, they sit down and think about the earning potential of their work, and how they can make freelancing more profitable and fun. They know their numbers: what it costs to run their business; what hourly rate they require; how long a job will take. Unless there’s a real bonus (a special clip, or a chance to try something new) these writers turn down work that doesn’t meet the mark and replace it with a better-paying project.
If you don’t know your numbers, take a few minutes to figure them out. Begin by choosing your target annual income—whether it’s $25,000 or $100,000. Add in fixed expenses: social security, taxes, and office supplies. Don’t forget health insurance and something for your retirement. Once you’ve determined your annual gross target, divide it by 1,000 billable hours—about 21 hours per week—to determine your target hourly rate.
Remember—this rate is flexible. You can continue doing low-paying work you love as long as you make up for the loss with more lucrative jobs. But you must monitor your rate of earning if you want to reach your goal. If you slip, remind yourself you’re in charge. As a freelancer, you can raise prices, chase better-paying jobs, work extra hours, or adjust your spending.’’
“Sounds great,’’ you may say. “But how do I come up with 1,000 billable hours each year? I’m lucky to find a writing-related job every month or two, and these pay a pittance.’’
That’s where business attitude comes in: network, track your time, join professional organizations, and study the markets. Learn how to query, then query like mad. Take chances by reaching for the next level. Learn to negotiate for a fee you can live on—your plumber does! Then get it in writing.
You’ll be surprised how far you can go, and how much you can earn, if you believe in your skills and act on your belief. The rates that follow are a guide to steer you in the right direction.
The information below is based on input from sales finalized in 2009 and 2010 only. The data is generated from voluntary surveys completed by members of numerous professional writers’ and editors’ organizations and specialty groups. We thank these responding groups, listed below, and their members for generously sharing information.
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