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Chris, I need to earn more Money

Every week, I receive somewhere between 50 and 100 emails from potential partners, and of course, freelance writers who are looking for advice. Of these, a good percentage write the same thing, “Chris, I need to earn more money!”

As you can imagine, approaching each and every one of these inquiries is not simple to do. After all, there is no magic bullet for earning more money as a freelance writer. Of course, there are some tips and tricks that can move you ahead of the competition. While I would love to be able to share personalized information with every person who sends me an email, there is not enough time in the day to do so.

If you are itching to earn more money there are two basic ways you can do this:

1. Raise your rates.

2. Take on more work.

Most people would rather go with number one because it allows them to complete the same amount of work, while earning more money in the end. Even though this is possible, there is risk involved. For example, you could ask current clients to pay more but this could lead to them jumping ship and never working with you again.

There is nothing wrong with taking on more work. In fact, this has many benefits in addition to being able to earn more money. With a larger client list you are hedging against the risk of one person controlling the majority of your income. Along with this, there is a better chance for long term projects.

Is this advice basic and uninteresting? Maybe, maybe not. One thing is for sure: if you want to earn more money as a freelance writer you can start chasing this goal by considering the two options detailed above.

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3 Comments »Freelance WritingDecember 8th, 2010

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