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How to Make Money Online: The Ultimate Guide for Writers

Favour Efeoghene

Favour Efeoghene

How to make money online

According to the U.S. Bureau of Labor Statistics, the median pay for authors and writers last year was $67,120 per year or $32.27 per hour.

Today’s digital age has made it easy to make money online as a writer. There are countless opportunities available on different platforms where writers can find jobs that align with their skills and interests.

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This guide will explore everything you need to know about how to make money online with your writing skills, from finding jobs and creating a portfolio to expanding your income sources and managing your business smoothly.

Understanding the Online Writing Landscape

The writing terrain offers many opportunities for writers to make money online.

Here are some  of the different types of online writing you can go into:

  • Freelance Writing: It involves writing for different clients based on projects. Content can focus on business, travel, lifestyle, etc.
  • Blogging: Start your blog or write for existing blogs; this way you can share your proficiency which is a good way to build an audience.
  • Content Writing: This involves concentrating on creating engaging content for websites. This includes articles, product details, and social media posts.
  • Copywriting: Copywriting involves crafting convincing texts that increase sales and marketing strategies like writing advertisements, email campaigns, and sales pages.
  • Technical Writing: This field requires specialized skills in creating manuals, guides, and information for technical services and products.

Freelancing Platforms

To find writing gigs, several popular platforms can help you get started:

Upwork

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Upwork is a global freelancing platform where clients from around the globe post jobs and freelancers submit proposals. There is no cost to join this platform however, you need ‘connects’ to bid on projects. You get free connects monthly but to get more connect, you have to buy them.

Fiverr

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This platform allows writers to set the prices of specific services to attract clients who are looking for such services.

Freelancer

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Freelancer is a platform similar to Upwork that connects freelancers with clients across 

different industries.

ProBlogger

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This platform is specifically for bloggers; its talent marketplace lists opportunities from companies that are looking for quality blog content.

Building Your Online Writing Portfolio

A strong portfolio can attract potential clients. Hence, it is fundamental for any writer who desires to leave a lasting impression in the digital terrain because it showcases your skills and style to potential clients.

When crafted well, a portfolio highlights your best work and also builds authenticity and trust, making it easier for you to secure writing jobs and attract well-paying clients.

Understanding how to make money online as a writer starts with a good understanding of presentation and the value of a good first impression. It’s important to create a compelling portfolio that stands out in the competitive digital landscape.

Tips on Creating an Impressive Online Portfolio

  • Choose the Right Platform: Use user-friendly platforms like Contently, Clippings.me, or a personal website to host your portfolio.
  • Showcase Your Best Work: Add different pieces that show how good you are. Focus on quality over quantity.
  • Organize by Sections: Arrange your work (articles, blog posts, etc.)  into sections to make it easier for visitors to explore.
  • Include Client Testimonials: To boost your reputation, add positive feedback from clients you have worked with in the past.
  • Keep it Updated: Keep your portfolio updated regularly by adding recent works and removing those that are outdated or pieces that are not so impressive.

Showcasing Different Types of Writing Samples

Different clients have different needs. To cater to wide-reaching appeal, display different types of writing samples, like:

  • Blog Posts: Show your ability to keep readers engaged with interesting and informative content.
  • Articles: Draw attention to your research skills and expertise in writing well-detailed pieces by showing your articles.
  • Copywriting: Show your talent in writing persuasive pieces with a product description, landing page, or ad copy.
  • Technical Writing: Flaunt your attention to detail and clarity in writing sophisticated concepts by including how-to guides, manuals, and other technical documents.

Finding and Securing Writing Gigs

Start by exploring popular freelance platforms like Upwork, Freelancer, and Fiver. They offer various opportunities for writers of all levels, regardless of whether you are a beginner or an expert.

Also, check job boards like Content Mills and Problogger.

You can increase your chance of landing a gig by customizing your search to find jobs that align with your expertise and updating your profile regularly.

Your pitch is always the first impression when you apply for a job, so make sure it is convincing and tailored to the specific job. Focus on your relevant expertise and flaunt your best writing samples.

Show the client why you are the best fit for the job by being concise yet detailed. Personalize each proposal and show the clients you understand their needs. This will set you apart from the competition.

Networking is vital for prolonged success. Join freelance groups on social media platforms like Facebook and LinkedIn. Interact with potential clients and writers like yourself to strengthen your professional network.

It is important to build a relationship with clients by clear communication, meeting deadlines, and exceeding their expectations to earn credibility. When clients are satisfied with your work, they will continue to work with you and also possibly recommend you to others.

To make money online, you need to strictly follow the above steps, be consistent, and persevere. This way, you’ll build a successful freelance writing career.

Setting Your Rates and Managing Finances

When working as a writer, understanding various pricing models is crucial. Common models include:

  • Per Word: This payment is based on the number of words written. It is perfect for projects with word count expectations.
  • Per Hour: Here, you are paid for the time you spend on a project. It works better for research-intensive tasks.
  • Per Project: This model is when there is an agreement on a fixed price for the whole project. This is good for well-defined assignments with clear expectations.

Setting your rates involves balancing competitiveness with fairness to yourself.

Here are some tips:

  • Research Industry Standards: Observe what writers with similar experience charge.
  • Consider Your Expertise: Specialized skills or extensive experience bring additional value. In this case, it’s reasonable to charge higher.
  • Factor in Project Complexity: More sophisticated projects may need higher rates.
  • Be Transparent: Communicate your rates and what they include to potential clients.

Efficient financial management is key to building a successful writing career.

Here’s how to stay on top of it:

  • Create Professional Invoices: FreshBooks or QuickBooks are tools you can use to create detailed invoices.
  • Track Your Income and Expenses: Maintain correct records to monitor your financial stand and make your tax preparation simple.
  • Understand Tax Obligations: Familiarize yourself with the tax requirements for freelancers in your region, and hire an accountant in case of any complications later.
  • Plan for the Future: Conduct regular financial reviews to stay on track with your financial goals. Always set aside a part of your income for savings, taxes, and emergencies.

Enhancing Your Writing Skills

Writing is an evolving skill. As a writer, you need to keep learning to stay on top of your games. Read extensively, write in a disciplined way every day, and frequently try to switch styles or topics.

Many online authors are available to teach writing as a craft. Understand that there are full courses on every aspect of writing you can imagine and platforms like Coursera and Udemy offer them.

Also, writing groups and webinars offer knowledge from others who have been successful in the publishing industry as well as networking opportunities.

Feedback is critical to growth. Show your work to friends or even a mentor and be receptive to the feedback they will give you.

Editing your work helps improve your thought process and makes ideas clear. Applications like Grammarly and Hemingway Editor can help you polish your drafts.

Diversifying Your Income Streams

Having different sources of income is important for financial growth and security. For writers, there are a lot opportunities ready to be explored beyond freelancing.

Here are effective sources to have in mind:

1. Explore Other Opportunities

  • Self-Publishing eBooks: As a writer, you can publish eBooks yourself by using channels like Amazon Kindle Direct Publishing. This will allow for creative freedom and profitable returns.
  • Affiliate Marketing: How to make money through affiliate marketing? Promoting services or products through affiliate links in your content will help you earn a commission on sales earned from your referral.
  • Writing for Content Mills: Content mills are often lower when it comes to returns but it can provide a steady work stream and help build your portfolio.

2. Create and Sell Online Courses or Workshops

  • Online Courses: You can make good use of your expertise by creating and selling online courses on channels like Teachable or Udemy. This establishes you as a greater influence in your field and also provides scalable income.
  • Workshops: You can gain the attention of an audience by hosting live sessions or recorded information; the audience is willing to pay for an immersive experience.

3. Passive Income Opportunities

  • Royalties from Published Work: You can earn a steady income from articles, books, and other works you have published.
  • Subscription-Based Content: With platforms like Substack available, you can offer exclusive content to your subscribers; this will help in generating regular income.
  • Ad Revenue: If you are into blogging or you have an active YouTube channel, you can earn substantial passive income from ad revenue.

Overcoming Challenges and Staying Motivated

Writers face hardships like the lack of steady work, writer’s block, and rejection, amongst others.

The good news is that you work your way around this and make money online, and one great solution is to develop a solid portfolio and make connections with fellow writers or clients on the same path as yourself.

Time management is a crucial skill for online writers. Calendars and task managers can be great tools to arrange tasks in priority order and assign deadlines.

You need to take breaks and ensure you separate work from personal life so it does not lead to overexertion.

Exploring other genres through your reading life can stir up fresh ideas and new inspirations. If you can, join writing groups and participate in challenges.

Capitalize on Your Skills to Make Money Online

Online writing is an art – learn the territory it operates in, develop a portfolio, hunt and secure gigs online, and set fair rates for your services. Also, find supportive learning avenues to step up your game while you work out new side incomes.

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