How To Manage a Freelance Writing Business

Freelance jobs are one way of reaping income nowadays. More and more people are getting freelance jobs either to add income or to pave way for other activities in their lives. Writing articles is one good freelance business. If you are seriously considering opening a freelance business, follow these tips to successfully manage your own freelance writing business:

  1. You should have bookkeeping. You should always keep track of your income and expenses. Do not overlook even the simplest item that you are spending or earning. Everything that comes in and out of your freelance business should be recorded and documented. The simplest rule in bookkeeping is writing everything down. You can have your records on your computer or you can use a logbook for it. If you use the computer, be sure to print a copy for safekeeping in case your files get corrupt.
  2. Be sure you have your quotations figured out. How much are you charging? You should have a standard pricing for various types of writing projects from a simple 500-word article to an extensive academic research. Set your rates well and competitively. Research information from past employers on how much they are charging so you would not be charging too much or too little. It always pays to dig some information first before setting the rate. Every 6 months, check the rates again with other competition and determine if you can still afford your previous rate or if you should upgrade or downgrade your prices.
  3. You should have your own invoice. Create your own invoice for your writing jobs. Some clients usually ask for an invoice before paying out for the articles. Be sure to include the basic elements of what an invoice should have. You can use a template from Microsoft Word. The invoice should contain your name, addresses and contact numbers. If you have a logo, include it in your invoice. Always breakdown the items and write down the total at the bottom. Clients should be able to identify how much each article costs. Be sure to indicate your terms and conditions at the bottom of your invoice.
  4. Make sure that you are being paid for your articles. Designate a definite time for payouts. You can schedule it for twice a month or once a week. If you are employing help or sub contracting the jobs, always make sure that your writers are being paid. Do not be hesitant to send an invoice to your client once you have delivered your writing job. Some clients are forgetful that you need to remind them often. Never delay sending invoice or following it up with the client.
  5. Set a realistic deadline for your articles. Gauge how long you can write one article. Stick to your deadline. Your efficiency will reap you more jobs from a satisfied customer.

When you do well in managing your business, it will naturally grow and continue. Remember that a business should be professionally handled. Besides managing it well, you should always have professionalism in dealing with your clients and writers. There would be difficult clients but be sure that you are taking every job seriously.


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