February was a very busy month. The article I published the other day, My Average Day As A Self-Employed Person, was a very relaxed one compared to what my schedule has been like for the two weeks.
In February of 2014, I made $15,474 in business income, before expenses. Before this month, I was hovering around the $12,000 mark for several months in a row. This past month changed that though!
I had many expenses in February, which brought down my pretax income figure. However, before expenses, I believe this was my best month yet.
This rather large increase in income in just one month was due to many reasons:
In May of 2012, I made $672 in extra income. $672 is still a great amount of extra income to be making, but my progress over the past 2 years is something that I am very proud of.
Like I say every month, when I first started blogging, I didn’t think this level of income was possible. I read (and still read) income reports from bloggers such as Pat at Smart Passive Income, Crystal at Budgeting in the Fun Stuff, and Erika at Newlyweds on a Budget.
When I first started reading, I thought their levels were just completely unattainable for me.
I’m sure many of you feel the same about your level of “extra income” and that my story is just a lucky story. However, I read stories on other blogs and used them as motivation for myself.
I didn’t think their levels were possible for me, but it turns out that I was wrong.
And, I’m glad I was wrong. No, I’m not at the level of Pat, but I will keep trying everyday to improve my business every single day.
This is for the month of February and before fees and expenses (expenses that lower the amount above include approximately $2,020, which includes VAs and writers for my other websites, the website that I bought, PayPal fees, etc.) being taken out.
After all expenses and fees, I made approximately $13,454. In the amount above, I do not count the amount that I bring in to blogs that I help run, I only include the amounts that are my actual earnings from my services.
Hey everyone! If you haven’t yet, please read my two latest posts about self-employment on Diversified Finances - Finding A Job That Suits The Lifestyle You Want and Four Months Of Being Self-Employed (there’s an awesome gif in that one that makes me laugh).
Back in January, Cat published her article A Day In The Life: Self Employment Version, and it really made me want to do something similar.
Now that I’m self-employed, I almost always get the question “What do you do all day?” whenever I tell someone that I’m a freelancer and I work at home.
I will say that I definitely do not do the same thing each day.
Some days I work a lot (over 12 hours), whereas others I hardly work (no hours at all or less than 2 or 3). Usually my weekends are fairly work-free, and Mondays are my busiest.
Working from home is really amazing, and I’m so happy I can do it.
I really don’t know what I can say to explain to all of you how awesome it really is. I love my schedule, and I love that I can change it up each day if I decide to sleep in later (and that definitely DOES happen), or if I need absolutely need to do something else that day (such as with an appointment).
I’m on social media (Twitter, Facebook, Pinterest, Gchat) throughout the day, and I don’t really consider that “working” for me.
I also work on and off almost all day long. I also do a lot of blog management, and with that it means that I am checking on someone’s blog and/or e-mail multiple times throughout the day as well.
I don’t think I have ever really sat down and worked a continuous 8-10 hours on my freelancing. Is that normal or no?
Here is my typical day as a freelancer:
Hello everyone! I received an e-mail from my online friend Lina who wanted to share information about how she writes and works from home. She has a quick Youtube video to summarize the post below. Enjoy!
There is a ton of work available in the marketplace through various sites and brokers. The challenge is definitely not in finding work.
The challenge of the process is making enough money while writing for a reasonable amount of time so that there is enough time left over to spend quality time with children and handle other tasks at hand.
It is easy to spend 12 hours a day writing in order to make a decent amount of money, and first of all, writing for a 12 hour stretch is insane.
Also, spending 12 hours a day writing in order to make ends meet sort of defeats the purpose of working from home because there is not much time left to spend with family or to take care of yourself.
Often times good writers will get caught up competing with “going rates” when it comes to writing, and end up becoming a slave to the content they are committed to produce. You do not have to charge what “everyone” else is charging in order to be competitive in today’s writing market.
The truth of the matter is that ghostwriting is not just a service that involves a delivery of words. People who seek ghostwriters will often look for other assets in a writer that could justify a higher rate.
I spent about a year of my life ghostwriting almost-full-time, when I lost my job while I was pregnant and was trying to figure out how I was going to make ends meet.
I quickly learned that I just did not have the stamina to write for other people at low rates while still making enough money to sustain myself. I did not have a very high standard of living – I just was looking to survive.
I quickly learned how to produce loyal clients that was willing to pay me more for my writing, simply by being attentive to their needs that went beyond delivering word counts within a certain number of days.
The first thing to understand about writing is that the market is completely saturated with people who want to write. However good writers and reliable and consistent writers, are hard to come by.
If you are a good writer, and you are reliable, and you can deliver your work fast (I used to deliver most of my orders the same day or next day), then you have a basis to charge more than “going rates”.
On top of that, if you are a native English speaker and you write well, you also have a basis to charge higher rates.
By charging higher rates for your work, even just by a little bit, you will cut down the number of hours that you write per day to make the same amount of money – just increasing your rates by 50% would shave 25% of the time that you spend writing while still earning the same amount of money.
That is extra time that you can spend with your children or relaxing and enjoying your work-at-home lifestyle.
In my case, I had my own projects and my own books that I wanted to work on, so I really did not want to ghostwrite full-time and expend all my energy writing for other people.
I was able to successfully make money by working part-time ghostwriting, and manage my personal projects the rest of the time, until I really did not have to ghostwrite anymore.
Today, I definitely do not have to ghostwrite, but because of the foundation I established, if I am ever in a bind and I need money today, I have a set of loyal clients that would be more than happy to pay me today to ghostwrite content for them.
By following my specific process, I was also able to cultivate loyal clients that ended up commissioning me for work that went beyond writing.
In fact, I have one client that I met just from writing a 250-word piece of content for $5 who I have now billed well over 6 figures for the various work I have billed out to them over the last several years.
In fact, if you get to know your clients, and you offer quality work, your clients will want to pay your rates and you will be able to work more comfortably and produce better quality work.
The key is to hone in on clients that can produce recurring work, which is pretty much everyone who seeks ghostwriters nowadays – the typical person who is looking to hire a writer pretty much always has recurring work available.
If you are looking to make a living as a ghostwriter in order to get some other personal projects of yours off the ground, following is my personal recommendation from someone who has been there and done that:
Evaluate your rates – don’t undercharge. If you are producing quality work and are delivering your work fast, look into charging more. There are easy ways to do this – I talk specifically about how to do this in my book, Ghostwriting Blueprint. In fact, you can get a free preview of my book’s first chapter at http://preview.ghostwritingblueprint.com.
Thank you very much for your consideration today – I will check back on this post regularly, so please post a comment if you have any questions or concerns.
Written by: Lina Trivedi, Author of Ghostwriting Blueprint and many other books available on Amazon.com
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