Does $100,000 a year sound too ambitious? I hope not. Thousands of freelance writers have broken the 6-figure barrier and with some determination and a clear set of goals, it's very achievable.
Possibly you would laugh and burst out if I told you some freelancers even make $400000 - $500000 per annum , so I would save my face and stick to $100000.
There are different kinds of freelance writing. You could write for magazines, write general articles, write direct marketing advertisements (More on this later), and e-books. The world of freelance writing is huge and many times confuses newcomers.
The purpose of this article is to show you how achieve a six figure target, primarily using the Internet. (Get ready to work, eat and live in your pajamas!)
The September 2007 issue of The Writer published an excellent article: "Secrets of Six-Figure Freelancers", which covered magazine freelance writers who are making six figures, with one making $260,000 per year. This proves that you can make a great income as any kind of freelance writer. The money is there, all you have to do is take it.
An average writer on websites such as
http://Guru.com and
http://Elance.com charges between $15 - $35 per article. These articles take about an hour to write. How many can you write each day? Even with 4 hours of work you have crossed the $36000 per annum barrier.
Web Copywriters charge a minimum of $250 to about $2000 for 3 -4 pages. You need 50, $2000 assignments to break the 6 figure mark. If you can prove yourself, raise your fees to $25000, there still are buyers for that price! Yep it