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[M598]Money As A Writer
by Ruth Barringham, Rut
The Answer to that has to be, how much money do you want to earn as a writer?

To be able to earn a full-time income you need to have a goal of exactly how much you want to earn. But don't make your goal too low, or you may reach it.

My advice is to set a target at an income of $100,000 a year. This would mean that if you reach your target you'll be earning a 6-figure income.

To break it down and make it easier to understand how much you should be aiming to earn every week, take a look at it this way.

Say you plan to work 50 weeks a year. This means that to earn $100,000 a year you need to be earning $2,000 a week. If you're working 5 days a week that's $400 a day. So an 8-hour working day means you need to be earning $50 an hour.

In order to earn $50 an hour you need to use your time wisely and carefully. For instance, don't waste an hour driving to a stationary supply shop that's further away than your normal one to save $20 on stationary. That is a wasted hour.

You also need to manage your time better. I used to waste time running to the post office nearly every day. Now I designate one day a week to going to the post office. I just pile up the outgoing mail all week and post it all in one go.

You also need an efficient filing system so that you can easily locate anything you need, again to free up your time to write.

You see to be able to achieve a 6-figure income from your writing, you need to be focused and you need to stay focused and not be distracted by thinking about other things you need to be doing (like running to the post office).

You must also ensure that when you take on a writing assignment, whether it's one of your own or a project that you've been commissioned to do by a publication or a private client that it will pay you $50 an hour.

Whenever I write for off-line print publications I always apply to the national magazines or publications that have a large circulation who can afford to pay me at least $50 an hour for my time.

I know that I can type up to 100 words per minute. But so that I don't over stretch myself I always assume that I'll average about 80 words per minute. So if I have to write a 1,000 word article, I know it will take me less than 15 minutes to type it.

But typing isn't all I have to do. I have to think what to say as I type. So I allow ? hour to type up a 1,000-word article. But I will probably have to do some research first. I usually only agree to write articles on subjects that I already know something about. So say I need ? hour to outline an article, ? hour to research online any information I don't have, ? hour to rearrange the information as I want to present it and then ? hour to type it up.

Altogether that's 2 hours work. So for this I need to be paid at least $100, although I try and aim for more. Why? Because I can't always guarantee that I'll be earning $50 for every working hour of every week. Some weeks I'll earn less than my target and sometimes more (when I'm very lucky). So I have to strive to earn as much as I can whenever I work.

So if I was to work for small publications and earn less than $50 an hour, I'd be missing my target. So that's why I always aim high when it comes to earning writing income.

But, I can hear you asking, ?Is it really possible to earn a 6-figure income?? And to this I have to say ?Why wouldn't it be??

If you're working full-time as a writer you can have several different avenues of income from:

? Writing assignments for magazines

? Writing assignments for job sites

? Writing assignments for private clients

? Writing and publishing eBooks

? Writing and publishing printed books

? Online advertising revenue

? Affiliate programs

You can plan to send out 5 query letters and/or short stories to magazines every week, to subscribe to several different writers? ezines to find more markets. Write and publish several eBooks and print books and market them by regularly writing articles and uploading them to article directories, whether they are free directories such as http://ezinearticles.com or revenue-sharing directories such as http://www.suite101.com. And you can create and maintain several niche websites where your Pay-Per-Click ads and affiliate links are earning you money on every page.

That's the beauty of being a 21st century freelance writer; the sky really is the limit.

If you are already working as a writer, even if you're not supporting yourself in that field yet, you've probably heard the argument of specialist versus generalist. In simple terms, a specialist is a writer who focuses on a narrow area of expertise. In other words, he or she specializes in a certain subject. The generalist, on the other hand, takes a more expansive view of things and writes on whatever subjects come along.

If your goal is to be a professional writer now or in the near future or even just to make some part-time money as a writer, you need to decide where you intend on finding work and how you'll get it. Are you going to look everywhere and accept just about anything of interest? Then you're a generalist. Or are you going to narrow your sites and concentrate on certain topics? That's a specialist.

You can decide to generalize or specialize based on your personality, your whim, or the circumstances, but it is sounder business (and writing is a business) to make a conscious choice.

So which is the better choice? The answer may surprise you.

On the surface, it would appear that a generalist can earn more simply because he or she is more open to work from all sources. After all, if you specialize in a narrow field, you are immediately limiting the number and types of assignments for which you'll qualify.

However, a generalist can have a tough time finding work! It can be harder for a generalist writer to land assignments than a specialist, simply because the specialist can sell his or her expertise in the field.

For instance, I specialize in medical writing. That immediately precludes me from a lot of writing assignments. However, when medical writing jobs come up, I have a very focused portfolio of previous articles and projects to present. I know the lingo. I have a lot of contacts in the field. My references are great; in some fields, I have references that my editors often know personally or know about.

In some situations, I can wow a potential customer by showing him examples of my writing and past projects that track very closely to what he is asking me to do. This kind of calling card is very powerful. When you know the lingo, know the turf, and can prove you can handle the job, it is hard to lose out on an assignment.

If a generalist were to apply for the same writing gig at the same time, I'd blow the generalist out of the water.

By the same token, if the writing assignment were on raising kids, I'd be on even footing with the generalist, if I bothered to apply at all.

In terms of landing a job, there is really no scenario where the generalist has the edge over the specialist.

Now you could argue that the generalist can make it up with volume. After all, a generalist is free to pursue just about any writing assignment that comes along. He can write about raising horses, traveling to Iceland, or how to buy your first home. I'm limited to medical.

But medical is actually pretty broad! If you specialize, don't hesitate to specialize in a "big" field. I once knew a woman who embarked on a writing career with the most narrow specialization I'd ever heard of. She was going to write solely about 19th century German immigrants to Fayette County, Texas. Okay, she didn't make much of a career out of that, but that's a great example of getting over-zealous with specialization! She might have succeeded had she specialized in writing about Texas. Or about writing about 19th century historical subjects.

Specialists need to keep a specialty that's focused but not so narrow that there are only one or two potential jobs that come along in a year. Medicine is a great specialty. It includes cardiology, pediatrics, the healthcare crisis, patient advocacy, geriatrics, dermatology, and just about anything else you can think of that involves health. Plus there are lots of businesses in this field and I write a lot for business as well as for publishers.

Other great specialties might be real estate, business, politics, or music.

Once a generalist and a specialist have landed assignments, the specialist has another edge. Specialists already know the basics in their field. As a medical writer, I know the lingo and the research methods. I often get assignments where I don't have to look up too many words or do too much background research. I have a lot of contacts in certain fields, so I'm not always scrambling to get some good interviews or fabulous quotes. I don't have the queasy feeling that generalists sometimes get when they're writing about a subject they don't know.

This isn't to say a generalist cannot do a good job. But it takes longer. As an example, let's assume I were to tackle an assignment on how to grow roses on the Gulf Coast; since I am no gardener, this would cause me to have to do a lot of general background researc. I could probably do a decent job on the article, but I'd need a lot of time and lot more effort than a person who specialized in writing about gardening topics (and who likely had already done some articles already on roses and gardening in extreme climates).

Specialists get good at snowballing one assignment into another. A patient pamphlet on breast cancer can become a springboard for my suggestions to do a pamphlet for breast cancer patients' families, particularly kids of women with breast cancer. I could then take that same body of research and pitch some newspaper or magazine articles on the ramifications of breast cancer for the whole family. This might lead to some articles for cancer patients' websites. And I might be able to approach a pharmaceutical company that makes a drug for breast cancer patients and show them the body of work I've done and be able to work on projects for them, like patient education slides or the script for a take-home DVD.

That's not an exaggeration. Specializing allows you to get in deep into a subject and then see how one topic and one assignment flows naturally into another.

Specialization makes it easier to get assignments, faster to complete assignments, and helps to keep generating assignments. The fact is, specialists are usually kept busy full-time just managing the assignments that businesses, customers, and editors bring to them, because they are well known in their field; specialists eventually get to the point that they rarely sell their services. A specialist can spend more time writing and less time selling his services; a generalist, on the other hand, almost always has to do a lot of marketing to stay afloat.

But many writers balk at the idea of specialization. I've even heard people say that the reason they wanted to write in the first place was in order to do lots of new things. They fear that specialization will put them in a rut. There iis a bit of truth to the rut argument. Medical writers are rarely asked to review movies, write about designer hand bags, or cover the scandal of executive compensation in major businesses. So what if you want to be more of a Renaissance man or woman and write of many things?

You can try multiple specialties. In this method, you take the best of both worlds of specialist and generalist. You pick two or three subjects that interest you. Don't pick too many more than that or you'll lose focus. Then you develop depth in them so that you get some expert-level status.

You can pick art, business, and home renovation. Or medicine, travel, and childcare. Or whatever two or three topics grab you. Ideally, they should be far removed from each other, since you can dilute your specialty by playing it too wide. For instance, I write about medicine but I don't ever write about alternative medicine. Why? If my medical editors knew I was writing about acupuncture or other therapies they might not approve of, it would make me seem less of an authority.

So if you're going to write about business, don't write about "get rich quick" businesses as well as the Fortune 500. If you're going to write about travel, don't write stories about "everybody is out to gyp you" and then write stories about cruises and hotels. If you write about losing weight sensibly, don't also write about "lose 10 pounds overnight" miracle pills. You need to establish not only a specialty but some boundaries for that specialty.

Some writers with multiple specialties actually use different names for each field, but that is probably not necessary. If you work in two very different specialties, you'll not see a lot of overlap in terms of editors or experts, so there is no need to go cloak-and-dagger.

But if you are interested in writing as a business, specialization is the more profitable angle. You'll establish your expertise, make valuable connections, and be able to recycle material much more efficiently than a generalist!
Article Source : writing skills uk

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Both Ruth Barringham & Jo Ann Lequang are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Ruth Barringham has sinced written about articles on various topics from Real Estate, Work From Home and Finances. Ruth Barringham is a freelance writer, author and publisher. at . The above article is an extract f. Ruth Barringham's top article generates over 22200 views. to your Favourites.

Jo Ann Lequang has sinced written about articles on various topics from Careers and Job Hunting, Writing and Finances. Jo Ann LeQuang wrote this article, but most of the time she specializes in medical writing. You can find out more about writing opportunities for new and established writers at. Jo Ann Lequang's top article generates over 33100 views. to your Favourites.
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