WWL Newsetter #001
If you're like me you may sometimes wonder how exactly to set rates with your freelance writing clients.
In fact, when I first got started, I remember wondering…
"How many $50 blog posts do I need to write each week in order to make a decent living?"
The answer, of course, is none. You DON'T make a living writing $50 blog posts!
But how should you price your freelancing rates?
Research starting points by downloading my FREE Rate Setting Guide for Freelance Writers!
I've seen a lot of different formulas out there. The worst are the ones that want you to calculate your ideal income divided by how many hours you want to work each week, multiplied by an extra 40% to cover taxes and health insurance, etc…🤯
Yikes. Math. It's complicated and frankly limiting.
Because when you go by how much you want to make per hour, you end up earning less over time. And that's not the way to grow a successful business.
Here's what you should do instead:
Start off with a monthly financial goal and find clients to fill in that income number.
Boom. That's it. There is no step number 2.
The secret sauce is knowing where to find clients and how to pitch your services to them.
By successfully finding and pitching to new clients when you have a full work schedule, you give yourself leverage to negotiate from a place of strength, not from a place of desperation.
And you'll eventually have a robust schedule of clients you genuinely enjoy working with and who pay quality rates!
This is the basis of how I've built my own successful freelancing business. It's not a huge secret: pitch, work, level up, repeat. But it works!
Ready for more details on how I manage clients to consistently meet my revenue goals?
Earn your potential as a writer by grabbing The Fully Booked Freelance Writer eBook for 35 pages packed with my favorite strategies and personal anecdotes that actually get you *excited* to grow your freelance business.
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