Did you recently land a new freelance writing job?
I’ve been a freelance writer for a few years now, and I’m at a good place right now with my workload and my freelance writing rate.
But, I didn’t start out like that. I had to figure out what my freelance writing rate was as a new writer.
If you were like me when I first started out, I had no clue what were freelance rates. How do you decide what your writing is worth to prospects?
What is a good hourly writing rate for a freelance writer?
I asked other freelance writers, but they couldn’t tell me what MY writing was worth. So, the only thing I did was pick a freelance writing rate, and I thought $.04/word was a good freelance writing rate as a starting point.
Boy, was I wrong!
I quickly learned that any freelance writing jobs that came my way, were low-quality and low priced. Why was that happening?
It was because I was telling everyone that’s what I was worth!!
To check out what you need to set your freelance rate, check out my YouTube video and make sure to subscribe to my channel!
Freelance Writing Rates
Some things to consider when setting your freelance writing rate are:
- What your niche is – some niches are more profitable than others
- The level of your writing skill – you need to have some basic understanding of the English language and forming engaging content
- How you define yourself online – you can do this easily by starting a service-based blog
- Your network – you can land some sweet gigs if you have a network to fall back on
- What others say about your writing – by guest posting you can find out what others are saying about your work
- Where you live
- Your ideal client
With those in place, you can decide the value of your writing. For my course students, I suggest to start at around $.10/word.
This is standard for blog posts of varying niches.
How to Set Your Freelance Writing Rate
You can’t make a living at $.05/word. You have to grow your business so that you can start making a living as a writer.
So to set your freelance writing you have to account for growing your income as a freelance writer.
How Do You Price a Job for Your Freelance Writing Rate?
For brand new freelance writers stick with my recommendation of at least $.12/word.
As I established myself as a freelance writer, I set my freelance writing rate on a per 500 words.
Currently, my freelance writing rate is $200 per 500 words to $250 per 500 words, which gives me an hourly rate of $200.
I had to learn to type fast and to work efficiently like creating outlines and understanding my topic for my writing jobs.
Should I Go With an Hourly Freelance Writing Rate?
For writing jobs I wouldn’t suggest going with an hourly freelance writing rate. You can make less money if you are a fast typer right?
Instead, think of it for other online jobs.
I you’re still wondering, what is a good hourly rate for a freelance writer, what I can advise you is that if you do editing work to charge a minimum of $45/hr or $50/hr is good.
Here’s a good hourly rate calculator to calculate your hourly wage.
Typically, this is a progression of a freelance writer:
1. One Off Pieces
In the beginning you might land a freelance writing job that’s only one project or one blog post. This might even be a paid guest post.
These types of gigs are fun and exciting and it helps you figure out your niche.
Typically your freelance writing rate may be on the low side but you’re new and you’re learning the ropes to having a freelance writing business.
Once you have a handle on freelance writing, you soon start to realize where the money is. And that is with your niche.
It will be your niche and writing skills that will set your freelance writing rate at this time.
From the one-off pieces you learn which topics you enjoy writing about and which ones give you the most income. You also learn what type of clients you enjoy working with.
At this point you can be a bit choosy on which freelance writing jobs you pick.
3. Recurring Work
When you’re in the “thick” of freelance writing, you will try to find ways to sustain this workflow. So that means finding recurring work.
You also might explore other services to diversify your income. Some extra services you might offer are:
With recurring work you may give a discount on your freelance writing rate because it is consistent work that you don’t need to pitch every month. Many seasoned freelance writers have bundles of projects like – 4 blog posts, 2 emails, 3 social media posts for $500/month. Your rate for four blog posts might be $400 and your rate for two emails might be $100. So for this client you are discounting your social media post writing when you give them your freelance writing rate.
At this point – probably a year into freelance writing – you start to really fine-tune your hustle strategy for marketing your freelance writing business.
This might mean optimizing your pitch so that you land the right type of client. Or, it might mean using cold pitching as a new tactic for high-paying projects.
As a more established freelance writer, you will learn what to do to land more projects and raise your freelance writing rate.
This is where you can play with your freelance writing rate and see “how far you can go.” I tell my students in Writeto1k to increase their freelance writing rate with every new job that comes their way.
This is how I moved on the income ladder.
Setting Your Freelance Writing Rate
It’s up to you to set your freelance writing rate and learn how to negotiate a higher rate when the time comes. It’s also up to you to pick the right jobs so that you can turn this into a livable income.
Free free to use the steps in this post on setting your freelance writing rate for the first time.
Don’t over think your freelance writing rate as well.
Go with your gut instinct and always ask yourself, “how many hours will this project take?” and from there you can figure out how much money it would be for that project.
You can also segment your services and have a base quote for each service. For example, blog posts of up to 1,000 is $100, emails of 500 words is $150, white papers of 1500 words is $300.
This freelance writing rate will change based on each unique project.
Over to you – what is your freelance writing rate and how did you decide on this? Share with me in the comments and don’t forget to pin this!