While many people are attracted to the independence and creative freedom associated with a freelance writing career, it’s important to remember that a writing business is still a business just like any other entrepreneurial endeavor. Even if you opt not to prepare a formal business plan, it’s still important to spend some time clarifying what you hope to accomplish. For example:
- What do you want to write? While it’s probably going to be difficult earning a living from writing poetry alone, there are plenty of opportunities for freelance writers interested in writing articles for magazines, newspapers, and Web sites. Copywriting for businesses is another area with many opportunities for new writers.
- How much money do you need to make? Although “as much money as possible” may be your initial answer, it’s a good idea to come up with an earning goal that is a bit more specific. For example, how much money do you need to be able to cover all of your living expenses in one particular month? Do you have enough savings to cover the time it will take for you to start earning a semi-regular paycheck? All of these factors must be considered as you’re setting your freelance writing fees.
