Freelance Writing Income Breakdown
At the beginning of every month I write a post detailing my freelance writing income for the previous month. Within the post I include information on how many projects I completed, how I was paid, and of course, the total income. While this gives a lot of information to the reader, some of you have asked for further information on how much each project pays.
Instead of getting into all of the finer details, I am going to touch on a few of the projects that make up my monthly total. This will give you a better idea of what percentage of my freelance writing income comes from large projects, and what percentage is made up of smaller jobs.
First off, let’s take a look at three of my biggest money makers. These three projects consist of just around 50 percent of my total income. While not exact, if I earn $5,000 it is safe to say that half of it will be from these three projects alone.
These jobs differ in how much they pay, but in most months each one consists of anywhere from $800 to $1,000. Again, this shows that these three projects usually make up half of my monthly income.
The months where I earn more than $5,000, such as October, I always receive a lot of smaller jobs. While jobs that pay $200 to $400 may not sound like that big of a deal, by completing five of these in a month, it adds an extra $1k or $2k to my bottom line. If it were possible, I would always complete these jobs as to keep my income above $7k. But as mentioned above, these are not regular jobs but instead come through from time to time.
There are a lot of people who believe that one or two projects should not make up your entire freelance writing income; and I agree with them. After all, if you lose that client your business will suffer until you have the chance to replace them. With that being said, it can often times be difficult to control this situation. If you feel that one or two clients are making up a large percentage of your income, begin to market your services more heavily. This will give you the chance to diversify your income.
Hopefully this will give you a better idea of the size of the projects that I complete. Of course, the income levels listed above change from month to month. It all depends on the amount of work that I am doing, and what the client is asking for.Â
