Can Writers Really Earn 6-Figures?

How often have you heard about all those poor, starving freelance writers ? Perhaps it’s time to face the reality … that not all writers are struggling to put a meal on the table . Some writers are earning a very attractive income.

However before we look at writer income, let’s review how writers earn their living. They write articles for magazines, newspapers and web sites. Some focus on copywriting or technical writing. And other writers specialize in writing resumes, short stories, poems and greeting cards.

The money that freelance writers receive for their efforts varies quite widely however, more so than for other occupations such as teaching or plumbing.

A recent survey conducted by the American Society of Journalists and Authors revealed a number of interesting facts relating to the pay of freelance journalists. The results took into account the responses of 473 freelance journalists who work in United States and who considered freelancing to be their primary job.

Approximately 7% of these freelance journalists earned $100,000 and up . An additional 24% earned $50,000 to $100,000 .  And close to 69% of these writers earned under $50,000 a year.

Now, the good news is that most of these writers are clearly not starving. And 7% of them reached the “six-figure writer” status.  In fact, 3% of the freelance writers surveyed actually earned $150,000 or more !

The bad news is that many freelance writers are still earning less than $50,000 annually . If you are a writer and that describes your situation, then here is some advice to increase your writing income towards that six-figure mark.

What Kind of Writing Do You Do?

By changing the type of writing you do, you may be able to earn better money for your work. One of the more lucrative areas of writing is copywriting. One survey of copywriters revealed 39% of respondents earned from $500 to $100,000 a year, and that’s certainly a higher percentage than the 24% of writers above.

Other lucrative areas of writing include ghostwriting, working as a technical writer , and writing and publishing your own ebooks and information products. 

Perseverance and Discipline

It takes hard work to build any business, and a writing business is no exception. Plan your objectives in advance. Work out how many hours you are going to work and what amount you need to earn every hour in order to achieve your targets. For example, in order to earn   $100,000 a year, you will need to earn an average of around   $2,000 per week.  If you intend to work 40 hour weeks, then you will have to earn at least $50 per hour in order to reach your goal of $100,000 for the year.

Many people dream about becoming a full-time writer but don’t know how to make their dream come truet . Do some due diligence up front . Find out which areas of writing are most likely to work for you. Now go for it. Write. Write. Write !

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>