Freelance Copywriter Income
Chances are you've heard over and over that you can make a six figure annual income as a copywriter.
You may have even heard you can make a seven figure annual income.
It's true...those income levels are possible but it's going to take you some time to get there traveling the regular freelance copywriting route.
Working with natural health professionals helping them market themselves more effectively I discovered many made one crucial error in calculating their potential income.
And it's the same error many new freelance copywriters make.
They would work out they could make $30 to $120 an hour (depending on their modality).
The calculation seems simple enough.
Multiply 40 hours by $30 or $120 and you get $1,200 to $4,800 income a week!
Looks like a solid business.
The problem here is you're thinking like an employee instead of a business person.
There's no analysis of exactly the core prospect group you'll market to, whether they have the money and the willingness to spend it with you and how you'll market to that core group of prospects.
(That's just one reason I recommend that copywriters starting out go sell their internet marketing services to local business owners. It's an easy to reach market
willing to spend money on a service you can provide fairly easily).
A savvy business person will also tell you that at least one quarter to one third of your time will be taken up in the administrative tasks of your business so unless you hire someone to do that and pay them your 40 hours of being paid just effectively dropped to 27-30 hours.
And in the real world you need to invest a whole pile of time and/or money in marketing yourself to get clients.
Realistically when you're starting out you can expect to invest one quarter to one third of your time there.
So now you're working 40 hours but the time you're actually being paid for is down to 14-20 hours.
Over time you can get to the point where you spend less time marketing yourself and you may also get more effective at administrative tasks or hire an assistant (these days you might hire a virtual assistant).
But just understanding that you'll only be paid for one third to one half of your effort will give you a far more realistic appreciation of what kind of income you
can expect as a freelance copywriter and how much you need to charge to make a good living.
It should also bring home to you the reality that you're actually in the business of marketing yourself as a copywriter (or as an internet marketing consultant for small businesses).
Once you stop thinking like an employee and start thinking like a business person your freelance copywriting career takes on a completely different perspective.
Also read:
Make $1,500 Today: The simple step by step system for selling your copywriting and online marketing skills to businesses in your local area
34 Insider secrets to making money as a copywriter and how to land your first copywriting client
Make money as a copywriter
Making money as a new copywriter
Getting started making money copywriting
Kindest regards,
Andrew Cavanagh
More FREE High Value Online Copywriting Secrets Than Any Other Site On Earth. Andrew Cavanagh's Online Copywriting Blog
Products From Andrew Cavanagh:
Offers Unleashed: How Many Of These 17
Profit Multiplying Offers Is Your Website Missing?
Make $1,500 Today: This 48 Page Report Reveals
The Simple Step By Step System For Selling Your Online
Marketing Skills To Businesses Right In Your City
$500 In 24 Hours Without A Website: From Offline Store Front
To Online Gold. Charge Local Businesses To Explode Their Sales From Walk Past Traffic And Turn That Traffic Into Long Term Online Income (Perfect For Copywriters)
Online Gold For The Offline Business: The Definitive
eBook On How To Use Online Marketing To Power Up
The Profits In Any Brick And Mortar Business
Make My Website Sell: FREE 11 Minute Video
Insider Secrets Of Web Design That Sells
$7 Secrets: How I Made Over $3,000 In Just 7 Days
By Selling A 30 Page Report For $7
Make Money Copywriting: 34 Insider Secrets To Making Money
As A Copywriter And How To Land Your First Copywriting Client
You may have even heard you can make a seven figure annual income.
It's true...those income levels are possible but it's going to take you some time to get there traveling the regular freelance copywriting route.
Working with natural health professionals helping them market themselves more effectively I discovered many made one crucial error in calculating their potential income.
And it's the same error many new freelance copywriters make.
They would work out they could make $30 to $120 an hour (depending on their modality).
The calculation seems simple enough.
Multiply 40 hours by $30 or $120 and you get $1,200 to $4,800 income a week!
Looks like a solid business.
The problem here is you're thinking like an employee instead of a business person.
There's no analysis of exactly the core prospect group you'll market to, whether they have the money and the willingness to spend it with you and how you'll market to that core group of prospects.
(That's just one reason I recommend that copywriters starting out go sell their internet marketing services to local business owners. It's an easy to reach market
willing to spend money on a service you can provide fairly easily).
A savvy business person will also tell you that at least one quarter to one third of your time will be taken up in the administrative tasks of your business so unless you hire someone to do that and pay them your 40 hours of being paid just effectively dropped to 27-30 hours.
And in the real world you need to invest a whole pile of time and/or money in marketing yourself to get clients.
Realistically when you're starting out you can expect to invest one quarter to one third of your time there.
So now you're working 40 hours but the time you're actually being paid for is down to 14-20 hours.
Over time you can get to the point where you spend less time marketing yourself and you may also get more effective at administrative tasks or hire an assistant (these days you might hire a virtual assistant).
But just understanding that you'll only be paid for one third to one half of your effort will give you a far more realistic appreciation of what kind of income you
can expect as a freelance copywriter and how much you need to charge to make a good living.
It should also bring home to you the reality that you're actually in the business of marketing yourself as a copywriter (or as an internet marketing consultant for small businesses).
Once you stop thinking like an employee and start thinking like a business person your freelance copywriting career takes on a completely different perspective.
Also read:
Make $1,500 Today: The simple step by step system for selling your copywriting and online marketing skills to businesses in your local area
34 Insider secrets to making money as a copywriter and how to land your first copywriting client
Make money as a copywriter
Making money as a new copywriter
Getting started making money copywriting
Kindest regards,
Andrew Cavanagh
More FREE High Value Online Copywriting Secrets Than Any Other Site On Earth. Andrew Cavanagh's Online Copywriting Blog
Products From Andrew Cavanagh:
Offers Unleashed: How Many Of These 17
Profit Multiplying Offers Is Your Website Missing?
Make $1,500 Today: This 48 Page Report Reveals
The Simple Step By Step System For Selling Your Online
Marketing Skills To Businesses Right In Your City
$500 In 24 Hours Without A Website: From Offline Store Front
To Online Gold. Charge Local Businesses To Explode Their Sales From Walk Past Traffic And Turn That Traffic Into Long Term Online Income (Perfect For Copywriters)
Online Gold For The Offline Business: The Definitive
eBook On How To Use Online Marketing To Power Up
The Profits In Any Brick And Mortar Business
Make My Website Sell: FREE 11 Minute Video
Insider Secrets Of Web Design That Sells
$7 Secrets: How I Made Over $3,000 In Just 7 Days
By Selling A 30 Page Report For $7
Make Money Copywriting: 34 Insider Secrets To Making Money
As A Copywriter And How To Land Your First Copywriting Client