How Do 6-Figure Writers Do It?
How often have you heard about all the poor, starving writers ? Maybe it’s time to face the truth … that not all writers are struggling to put a meal on the table . Some writers are earning a very attractive income.
Before we take a look at writer income, let’s review how freelance writers earn their living. They write material for magazines, newspapers and web sites. Some focus on copywriting or technical writing. And other writers specialize in writing resumes, short stories, poetry and greeting cards.
The pay that freelance writers receive for their efforts varies quite widely however, much more so than for other occupations such as teaching or plumbing.
A recent survey conducted by the American Society of Journalists and Authors revealed a number of interesting facts about the pay of freelance journalists. The results took into account the responses of 473 freelance journalists who worked in United States and who considered freelancing to be their primary job.
Around 7% of these freelance journalists earned $100,000 or more . A further 24% earned $50,000 to $100,000 . And around 69% of these writers earned under $50,000 a year.
Now, the good news is that most of these journalists are clearly not starving. And 7% of them reached that wonderful “six-figure writer” status. In fact, 3% of the freelance journalists surveyed actually earned $150,000 or more !
The bad news is that many freelance writers are still earning under $50,000 per year . If you are a writer and that describes your situation, then here is some advice to increase your writing income towards that six-figure mark.
What Type of Writing Do You Do?
By changing the type of writing you do, you might be able to earn better amounts for your work. One of the most lucrative areas of writing is copywriting. A survey of copywriters revealed 39% of respondents earned from $500 to $100,000 a year, certainly a higher percentage than the 24% of writers above.
Other lucrative areas of writing include ghostwriting, technical writing , and writing and selling your own ebooks and information products.
Perseverance and Discipline
It takes much hard work to build any business, and a writing business is no exception. Plan your objectives in advance. Work out how many hours you are going to work and what amount you need to earn per hour in order to achieve your targets. For example, in order to make $100,000 a year, you will need to earn an average of approximately $2,000 per week. If you intend working 40 hour weeks, then you will have to earn at least $50 per hour in order to reach your goal of $100,000 for the year.
Many people dream about becoming a full-time writer but don’t know how to make the dream come true . Do some due due diligence . Check out which areas of writing are most likely to work for you. Now go for it. Get writing !
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