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Three Reasons for a Decrease in Freelance Writing Income

One of the most difficult things about being a freelance writer is earning a steady income. When I worked in the corporate world, a set amount of money would show up in my bank account twice per month. But as you probably know, self employed writers do not have this luxury.

Through my experience, there are three reasons that ones freelance writing income may begin to decline.

1. You may see a decrease in income if you decide to start working on other projects outside of your primary career. For instance, this blog has taken a bit away from my freelance writing income. Even though I made nearly $5,000 last month, this is several thousand less per month than earlier this year. While I am not happy about this, taking the chance to build this blog is something that I hope will pay off in the end.

2. Losing a big job can greatly affect your freelance writing income. For instance, if I were to lose a $1,000/month job, my income would drop to $4k/month right away. If this were to happen, I would immediately begin to search for a way to make up some or most of this money. My backup plan always has been, and always will be Associated Content. I know that I can write for them whenever necessary, and if I can do so in quantity, there is money to be had.

3. Simply put, when the quality of your work decreases, so will the amount of money that you make. This may not happen right away, but shoddy work will lead to clients dumping you. In turn, your income will suffer.

Some of these things are unavoidable, so it will not do you much good to worry about them. Instead, do your best to build your freelance writing income to a steady level. This way, you can at least have a ballpark figure of the money you will earn each month. 

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6 Comments »Freelance Writing, Self-employedAugust 16th, 2007

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