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Three Factors that Affect your Freelance Writing Fees

Many of my recent posts have been based around setting freelance writing fees. With the new year on the way, this is a topic that a lot of aspiring writers are interested in. After all, the first of the year is among the best times to put new fees into effect. Of course, if you do not know what goes into setting your freelance writing fees, you will be a bit lost when it comes to doing so.

Here are three important factors that will affect your freelance writing fees.

1. How much experience you have is essential. If you are a beginner, you will have to start out at the bottom of the food chain. This is not to say that you should short change yourself, but at the same time you will not be able to command the same rates as an established veteran. Base your experience on how long you have been a freelance writer, as well as the samples that you have compiled.

2. What are your competitors charging? While it is impossible to get information on every competitor, you should do your best to collect some details. For instance, many freelance writers have websites that publicly offer pricing information. When you find this information, bookmark it or begin to make a list. Just remember, you must consider the experience of the writer in correlation to their fees.

3. How bad do you need new business? If you are struggling to find work, there is a good chance that you may want to temporarily lower your freelance writing fees. This will definitely help you to attract new clients, especially if you have experience. But remember, you do not have to keep your rates low forever. After you secure new business and are comfortable with where you are at, you can then slowly increase your fees.

By now, you are probably working on your freelance writing fees for 2008. When doing so, keep the three factors above in mind. They will help you to best position yourself for success in the new year.

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3 Comments »Freelance WritingDecember 20th, 2007

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