Do You Have What it Takes to be a Profitable Freelancer?

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on February 26, 2014 in Freelance Writing Business
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The Profitable Freelancer

As a freelancer, do you just scrape by month to month? Are you struggling to earn the kind of living that would leave you truly comfortable? 

If so, you might want to check out this new website from a fellow freelance writer, a good friend, and my top pick if I ever need a partner in crime -- Yolander Prinzel. Her new site is called The Profitable Freelancer.

About The Profitable Freelancer

"What is a profitable freelancer?" you might ask. 

It's about more than earning enough to pay all of your bills every month. In fact, that's exactly what it's about -- earning more.

With The Profitable Freelancer, Yo focuses on helping freelance writers go from living client-to-client to thinking of themselves as being on the payroll. It's about consistency in earnings, and it's about making more than you technically need. 

What is "Profitable Freelancing?"


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Here's how many freelance writers operate:

  • Get client. 
  • Do work. 
  • Get paid. 
  • Spend money. 

It's a never ending cycle where they can end up relying on that next client to get the money they need for their next bill. And this is in part what leads to the common feast-famine cycle of freelancing. 

When you think of yourself in terms of being on the payroll, you work to bring consistency to your revenue. You pay yourself a set amount every week, other week, or month, depending on what you prefer. 

That payment is on top of any other business expenses you've already paid out. And it would include all of your personal financial goals including your rent or mortgage, other monthly bills, health insurance, retirement savings, and any other savings goals you might have. 

Let's say you land a huge contract one month that nets you an extra few thousand dollars. With the way many freelancers operate, that money might be spent right away, or it might be the only money they have available to put into personal savings. 

A truly profitable freelancer wouldn't be as inclined to do that. The money would stay with the business, as profit. This is money that you might later decide to invest back into the business to grow further. It's not money you immediately pull out of the business for some big personal expense (whether that's a necessity or a luxury). Your normal payments should provide enough in savings to cover those things. If not, it's time to give yourself a raise.

How Much Do Profitable Freelancers Make?

Now that you know what The Profitable Freelancer aims to help you do, how much money will you make in the process? 

Here's the beauty of it. That depends on you

No one is going to tell you that you have to earn a specific amount in order to successfully become a profitable freelancer. You don't have to earn $100k to make it work. You might not even have to earn $50k to be truly profitable. It all comes down to your personal expenses, savings goals, and business decisions. 

That makes Yo's site a great destination for freelance writers the world over. Rather than working toward rigid goals (not that there's anything wrong with that as long as you are the one setting them), she'll help you figure out what you need to do to be in a comfortable financial position, whatever that means for you. 

About Yo Prinzel -- She's Baaack!

Personally, I'm excited about this launch. As some of you might know, Yo was a regular contributor here for quite a while when this was a group blog (under the site's old name, All Freelance Writing). 

She used to run a freelance writing blog of her own too. And while she occasionally surfaced to publicly talk shop (like her recent guest series here on ghostwriting), she was largely absent from the freelance writing community. That's because, a couple of years back, she decided she needed a break to really hunker down and focus on some writing and publishing pursuits.

If you aren't familiar with Yo, she's a successful freelance financial writer as well as an independent publisher -- both topics covered on her new blog.

During that time, I've had plenty of private conversations with her about freelancing, blogging, publishing, and writing in general. But it wasn't quite the same. Her voice in the community was sorely missed. And I'm sure I told her that about a million times. 

Needless to say, I'm thrilled that Yo has decided to come back, and I'm looking forward to seeing all that The Profitable Freelancer has to offer. I'll be a regular there on the new blog. And I hope to see you there too.

From The Profitable Freelancer

More From Yo, at All Indie Writers

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Jennifer Mattern is a professional blogger, freelance business writer, and indie author. She began writing for clients in 1999 and started her first blog in 2004.

She owns 3 Beat Media - a publishing and client services company which operates All Indie Writers as well as several other websites and blogs including The Busy Author's Guide and BizAmmo. Jenn comes from a background in online PR and social media consulting, having owned a small PR firm for several years before choosing to pursue a full-time writing and publishing career.

Jenn also writes fiction under multiple pen names in the areas of children's fiction, mysteries, and horror fiction. Jenn is an active member of the Horror Writers Association (HWA) and currently serves as the organization's Assistant Coordinator of Promotions and Social Media.


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7 Comments

  1. Cathy Miller February 26, 2014 Reply

    Yay!! Got this one in the feed. So glad to have Yo back on scene. :-)
    Cathy Miller recently posted…Laboring Over Your Marketing MessageMy Profile

  2. Yo Prinzel
    Yo Prinzel February 26, 2014 Reply

    Aw, this was a really nice thing to wake up to! I’ve got tears in my eyes :)
    Yo Prinzel recently posted…Coping with High Wordcount DaysMy Profile

    • Author
      Jennifer Mattern February 26, 2014 Reply

      Apparently the bitch is back — makin’ people cry now. LOL

      I was more afraid you’d wake up wanting to slap me for not giving you heads up. But what can I say? I’m a risk-taker. ;)

  3. John Soares February 26, 2014 Reply

    Hello Yolander!

    I definitely remember you from a couple of years ago, and I’ve also come across some of your quality work here on Jenn’s blog. I’m looking forward to following your progress over at the Profitable Freelancer.
    John Soares recently posted…How I Chose My Freelance Writing NichesMy Profile

  4. Alicia Rades February 27, 2014 Reply

    Thanks for the heads up on her site. I’m headed to check it out now.
    Alicia Rades recently posted…Bloggers Don’t Date Strangers: Why Your Pitches are Getting Turned DownMy Profile

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