Tag-Archive for ◊ income ◊

01 Jul 2009 So, How Much Moolah Are We Talking?

I was also wondering of you could give me some sort of rough estimate of what the money is like in freelance writing. I realize this is near-impossible to predict, given the profession’s vagaries, but I was hoping you shed some light on the area… like how much such and such mag/publication/website might be willing to offer to someone with my kind of background and experience.

This is a really difficult question to answer, because, like you said, given the way the business works, it’s absolutely impossible to calculate, even roughly, what a person can make. The beauty of freelancing is that there is no cap on how much you’ll earn, but that also means that the more you work, the more you hustle, the more money comes your way. With the caveat that sometimes no matter how much you work and how much you hustle, you may still struggle for a decent income.

I’m not trying to be negative. But the truth is that until you’re an established name and editors recognize your work, it can be very difficult to be trusted with the kind of assignments you mention in your e-mail (reporting in far-flung regions of the country or world).

More specifically, to answer your question about how much magazines, publications, or websites pay, well, it depends.

Obviously how big the publication is makes a difference. It matters, too, where the publication is based. And of course, how much time you’ll be spending on the assignment, whether or not you’re doing any investigative work, etc, all factor into it.

In the US, for instance, national women’s magazines will pay $2 per word and up, whereas you wouldn’t get that rate from Indian publications. Similarly, corporate writing pays much more than magazine writing, and newspapers usually pay a daily wage (though Indian newspapers are known to be low-payers). (You can find a lot of this information by searching for “writer’s markets” or “writer’s guidelines” in Google.)

(See also: On the Market Hunt.)

That said, it takes a while for most freelancers to get to the point where they’re making a decent income. In my case, it took me approximately two years of part-time freelancing before my career really took off, and I’ve often had to supplement my work with how-to and the “armchair journalism” that you speak of in order to keep the money coming.

So, I’m afraid, there is no rule when it comes to freelancing. Some freelancers I know make a good six-figure-per-month income, even in this economy, while others, despite years in the business struggle to churn out even a few thousand Rupees. I think the difference is that the people who’re actually earning are really self-motivated and keep plugging away. Most also understand that this is a business and that writing is a job, and they do treat it as such by negotiating, demanding good pay, meeting their deadlines, and networking with other writers and editors.

It seems, though, like you’re well on your way in that arena.

12 Nov 2008 Taking a Hit

I realized just now that it’s been almost a year since I “quit” journalism. If you’ve been reading regularly, you’ll know that I do this at least twice a year. I get disillusioned, I get fucked over, I get obsessed with something else, and I decide that I need a better, simpler, more honest community, and I quit journalism.

Only to find a brilliant story and come crawling back.

2008 has been a brilliant year in pretty much every way, except financially. No quitting, no crawling. The financial crisis that is hitting most freelancers now, first hit me back in April when one of the magazines I write for regularly went on a temporary hiatus. For me, it’s steadily gotten worse. But now, as most people are feeling the hit, surprisingly, my workflow has gone up. I can’t conclusively say why this is, but I suspect it’s because I got hit early, and so stepped up my efforts to get work. It’s also because, despite all odds, I’ve been targeting markets and magazines that aren’t likely to go bankrupt any time soon.

Moving to America has been challenging financially. My expenses multiplied several times over, but my income has gone down. I think it’s a minor miracle that I’ve managed to keep the debt steady, but to be honest, I’m beginning to panic a little bit about how I’m going to keep it all together.

I’m crossing my fingers and hoping to find some good news in my Inbox soon.

24 Mar 2008 Income Goal Met
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That income goal I set for myself? I’ve met it. It involved sleepless nights, lots (LOTS) of pitching, and the belief that I could most certainly do it.

Now I’m going to go work on my dream project for the next one month, worry-free. And maybe even do that thing when you lie down and close your eyes– what’s it called?– oh yeah, sleep!

The crazy part is that I’m still just inches away from spiralling into debt. Why? Because I’m not going to see all this money together, and some of it, not for a couple of months. Thankfully, all these clients are tried-and-tested, so the money will come. Eventually.

18 Mar 2008 It’s Quite Simple, Really

You write 4 articles a month at $200 per piece, you make $9,600 a year.

At $400 a piece, you make $19,200 a year.

At $1,000 a piece, $48,000 a year.

And $2,000 a piece? $96,000 a year.

Being a six-figure freelancer doesn’t look too tough now, does it?

06 Mar 2008 The $5,000 Challenge

Within two days of arriving in Ghana, I had blown my budget. In fact, when I realistically totaled my expenses, I’d gone three times over my already over-budget budget. That’s okay. I don’t mind a challenge. And I don’t much mind public humiliation either.

So. My goal for this Ghana trip is to make $5,000 in the first two months (March, April). Not too high a goal, but considering I’m in Ghana, where there’s limited connectivity, a learning curve, language problems, and little interest in the issues I want to write about, I know it’ll be a challenge. Plus, I’m really cutting back on my workaholism, and trying to have a good time. So if it comes to choosing between pleasure and making money, I’m going to have to choose pleasure this time.

So far I’ve managed to make about $885. I have $4,115 to go. Can I do it? We’ll see.