How Much Money can you make with Freelance Writing?

By Jeremy Olson

Most people get into writing because they enjoy it... or they at least enjoy talking about their interests or hobbies. Even still, one of the biggest questions many people have about freelance writing is how much money is possible with it. After all, why not make some money while doing something you like.

The truth is that there is no easy answer for how much money an individual can make with freelance writing. That's because there are several factors you need to look at before being able to determine how much cash you can potentially earn.

Time

One of the first factors you need to look at is how much time you have to spare each week writing. If you're a stay-at-home spouse who is looking to make some extra money while focusing on the kids then you probably won't have a ton of time to write. You might be able to squeeze in two solid hours a day if this is the case which will allow you to make some money.

On the other hand, if you're going to treat writing as a full-time job then you could possibly get eight hours a day or more in. With this being the case, you could make a 6-figure income after everything is said and done. Of course there are still some other things to look at before deciding if this is a reality.

Speed

Another very important thing you need to keep in mind when thinking about how much money you can make with writing is how fast you can work. Typing speed will certainly be critical here since your ability to type fast helps get articles done faster. If you don't have a clue as to how fast you type, there are plenty of typing tests you can take over the Internet.

Besides typing speed, you should also take into account how well you're able to focus on something until the job is done. If you are a major daydreamer then it's going to take you a lot longer to get an article done than if you have the ability to sit down, and hammer out an article without getting distracted. For those that do fall into the daydreaming category, timing yourself can be an effective means for getting work done faster and helping you stay focused.

Interests

One thing I always like to stress in regards to the money factor is what you write about will play a part. For instance, if you only want to write articles about repairing vintage bicycles then you're going to have a tough time finding consistent work. However, if you have a broad range of interests then it is going to be much easier to land writing jobs.

I myself have written about many subjects over the years, but I've narrowed down my main interests to poker, video games, and bodybuilding. I already have lots of samples in these interest areas, and it's pretty easy for me to find new jobs whenever I need them. Of course there are also times when I write about subjects outside of these interest areas so always keep an open mind about things.

Goals

Perhaps the most important determinant in how much money you'll make with writing is your own goals. After all, if you're not worried about making a 6-figure income through freelance writing then it's probably not going to happen. Likewise, if making over $100,000 a year with writing is your main focus then you have a good chance of accomplishing this goal.

Depending on how much money you want to make in a year, you'll have to do what it takes to get there. If you're happy making $40,000 a year then you probably won't have to extend yourself too far once the writing takes off. Those who want to make much, much more will probably have to write for lots of websites and content companies. Looking for magazine opportunities, copyrighting work, etc. is also a good way to build extra income through writing.

Above all, remember that YOU are going to be the biggest factor in how much money you'll make with writing.

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