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13 Best (and Worst) Things About Becoming A Freelance Writer.

13 Best (and Worst) Things About Becoming A Freelance Writer.

According to a new survey, 54 million Americans – or 34% of the workforce – are engaged in freelance work. Almost 8% of those are freelance writers – and that’s around 4,320,000 people.

It’s clearly an increasingly popular market, and with good reason, but it’s not always all it’s cracked up to be. If you’re thinking of becoming a freelance writer, make sure you go into it with your eyes wide open.

Let’s start with the good.

1. You’re Your Own Boss.

If you want to take a holiday, take a holiday. If you want to sleep in until 11, sleep in until 11.  If you want to hit the gym at 3 to avoid the post-office rush? Yup, that too.

One of the best things about being a freelance writer is that you answer to no one except yourself; you own your decisions.

Obviously you still have responsibilities and those responsibilities dictate your priorities but the point is, they’re your priorities (and your consequences). Not the company’s. Not your manager’s. Your good is the greater good.

2. You Can Work Wherever You Want.

All you need to be a freelance writer is yourself, your laptop and an Internet connection.

There’s no specialist equipment and, although some freelance writers do spend time with clients in-person, it’s not a job requirement.

With tools like Skype empowering worldwide inter-connectivity, there are few situations where a face-to-face meeting is more cost-time efficient than an e-meeting anyway, so it’s not a big loss if you never meet clients offline.

All of which means this: you can work from wherever you want, whenever you want. Maybe that means that little café you love with the hand-roasted beans, or maybe it means joining the hubud in Bali.

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Forget ‘the world is your oyster’ – the world is your office.

3. It’s Varied.

Being a freelance writer means having a portfolio of clients, rather than a single employer.

Because your skill is writing, rather than something strictly industry-specific, those clients can be much more varied that if you were, say, a freelance plumber.

Even if you specialize in writing for a specific area, the variety of work is endless. Being a great writer is similar to being a great actor: you have to be able to master different voices, different styles, different personalities

Work never seems mundane, because you’re constantly applying your skills in a different way.

4. It’s Secure.

One of the traditional arguments against freelancing is that you sacrifice job security. This is quite a fallacy.

When you first strike out as a freelance writer, things probably are less secure than having a full-time job, but once you’ve built up a client portfolio you’ve got a properly diversified income stream.

Your financial security is no longer dependent on one client but on many; this spreads and therefore minimizes your risk. In an insecure economy, it’s more important than ever not to put all your eggs in one basket.

 5. You Can Be Agile.

Markets change constantly. New opportunities spring up; new niches; new areas where you could make a mark. Being a freelance writer gives you the fluidity and agility to take advantage of new opportunities with minimal risk.

The e-learning market is a great example. Growing rapidly, it’s an area that’s attractive to a lot of freelance writers right now – but it’s still a relatively new industry and the bubble could yet burst. Freelance writers can easily dip a toe in the water with new markets like this – a new project here; a new client there – without needing to dive in and hope they swim.

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6. It’s A Constant Learning Curve.

As a freelance writer, your clients are paying you to stay ahead of the curve on their behalf. At least a third of your time isn’t spent writing at all, but reading, listening, watching and absorbing as much as possible, in order that you can write with authority.

For people who love to keep learning, being a freelance writer absolutely ticks that box.

7. It’s Fulfilling.

For most freelance writers, this is the most overwhelming positive: you get to do what you love.

It goes almost without saying that you have to love writing (and take a word of advice – if you don’t, don’t try and be a freelance writer. It’s bloody difficult if you’re not passionate about it), but it goes deeper than that.

Precisely because it’s such a flexible career, and because you’re your own boss, you can choose the sort of life you want to build for yourself. You can work for top-dollar with huge advertising companies, or throw yourself into that creative not-for-profit that you admire, or neither, or both.

It’s not about building an attractive resume, or showing career progression, or avoiding career gaps – it’s about choosing what you work on and when in the combination you find most fulfilling.

Being a freelance writer is not all sunshine and flowers, though. This job is very far from easy and, if you want to do it, you should know what you’re getting into. Here are the massive downsides to being a freelance writer:

8. You Have To Fight Your Own Corner.

Harsh truth time: there are a lot of aspiring freelance writers out there, and a lot of them aren’t much good at all.

Freelance writing sometimes seems to be a default career choice for those who want to freelance, but lack the writing-specific skills, knowledge or willingness that should back that up.

Finding work is competitive, and finding high-paying work more so. There’s no shortage of writers looking to undercut you, selling on price because that’s all they have to sell on.

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Being a freelancer writer means being able to sell yourself. It means having a really solid value proposition, and being able to pitch confidently to clients. It means knowing your worth, and being willing to negotiate constantly – because no one’s going to hand you anything on a plate.

9. You Can’t Be Rudderless.

There’s no simple path to success; no ten steps you can follow to automatically ‘make it’ as a freelance writer. The scale and diversity of the market are amazing, but it also means that you have a really strong sense of purpose or you’ll struggle to navigate in any meaningful way.

Clear goals and a clear mission to realize them are essential: without them, you could end up on a plateau, working endless hours and earning just enough to get by.

10. There’s No Life Raft.

Most of us have days where we just need to take things easy.

Maybe you’re ill, maybe you’re run down, maybe your head just isn’t in the game – whatever. Even if you’ve never pulled a sickie, I’m sure there have been days where you’ve been in the office more in body than in spirit, and that’s OK – if you’re employed.

One of the best things about being a freelance writer is the amount of effort you put in directly correlates to how much you earn – but it can feel like one of the worst things sometimes too. If you don’t draft, you don’t get paid – full stop.

That makes those off-days a lot harder to swallow.

11. It’s Hard To Find Balance.

The correlative to the above is that it’s worryingly easy to work yourself into the ground and burn out.

That freelancers have to be self-motivated has been said so many times as to be stale, but that doesn’t just refer to getting up and putting in the hours. It’s just as, if not more, difficult to know when to stop working and take time for yourself.

At the same time though you’ll never not have responsibilities again, if you want to be successful. You can aspire to work/life integration, for sure, but you can never truly switch off, never really leave work behind, because there’s no one else to take the reins.

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Finding ways to be compassionate and present in all the elements of your life becomes more of a challenge for freelancers.

12. There Are A Lot Of Odds And Ends.

If you become a freelance writer, you’re lucky if 75% of your time is billable. Writing might be what pays the bills, but you’re running a business now.

That means tax, business development, sales, marketing and so on.

The time you spend responding to emails will suddenly crystallize once you realize you’re earning zero dollars an hour while you do it.

13. It Can Be Lonely.

I don’t just mean lonely in the sense of literally being alone.

I mean it in the deeper sense, that you lack a shared purpose. Even if you hang out in co-working spaces or work on-site with clients, you’re running a business of one.

If you freelance, you can find yourself yearning after the shared sense of achievement, the camaraderie, you get when working in a team.

The thing about being a writer is this: it’s a vocation more than anything else.

If you’re thinking of becoming a freelance writer and you’re focusing on the reasons you want to freelance rather than the reasons you want to write, it’s probably not the career for you.

A good test is this. If you won $100 million on the lottery tomorrow, what would you do?

After the travelling and the cocktails and the new car; once the celebrations died down? If the answer isn’t write then don’t become a writer. Find a way to carve out a career doing whatever your answer was instead.

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Last Updated on October 18, 2018

10 Key Characteristics of a Highly Successful Entrepreneur

10 Key Characteristics of a Highly Successful Entrepreneur

When it comes to starting your own business and pursuing your dream of becoming an entrepreneur, it can be advantageous to go all in and embrace the flexibility of finally quitting your day job.

Keep in mind, though, that it takes a special kind of person to take the business world by storm: a person who has cultivated the key characteristics of entrepreneurial success.

People with these characteristics are likely to succeed, whereas people without them have difficulty moving forward with even the most brilliant business ideas.

These characteristics of an entrepreneur are so important that I’ve decided to cover all 10 of them in detail so that you can start your business with your best foot forward.

1. Successful Entrepreneurs Practice Discipline

Plenty of business experts claim that you can’t get anywhere as an entrepreneur without vision or creativity, but that’s simply not the truth. Instead, the one quality that no entrepreneur can be successful without is discipline.

To build an idea into a business, you have to have the discipline to spend time slogging through the least fun parts of running a business (like the bookkeeping), rather than taking that time to do something fun.

Andrew Carnegie, one of the most financially successful Americans of all time, grew up working dull and difficult jobs in factories. Despite going to bed hungry some nights, he continued doing his best work. He was eventually hired by a railroad company and continued to move up the ladder until starting his own successful businesses. Carnegie is a fine example of an entrepreneur dedicated to discipline and hard work. He truly earned his dreams of prosperity and success.

When you’re the boss, there’s no one to keep you at work except yourself — and there’s no short-term consequences for skipping out early.

Sure, if an entrepreneur plays hooky enough he knows that the business just won’t happen, but it’s very hard to convince someone that ‘just this once’ won’t hurt (and to keep ‘just this once’ from becoming a daily occurrence).

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2. Successful Entrepreneurs Keep Calm

Things go wrong when you run your own business.

Most entrepreneurs go through crises with their businesses — and more than a few wind up with outright failures on their hands. But when you’re responsible for a business, you have to be able to keep calm in any situation. Any other reaction — whether you lose your temper or get flustered — compounds the problem.

Instead, a good entrepreneur must have the ability to keep his cool in an emergency or crisis. It may not make the problem easier to solve, but it certainly won’t make it harder.

Honestly, losing your calm is a quick path to becoming the kind of person who gives up in the face of adversity. Instead giving in to frustration, remember classic entrepreneur Benjamin Franklin.

Franklin kept his calm as he experimented and tweaked his inventions again and again in pursuit of success. He didn’t give up during his many failures – he chose to innovate. You can choose innovation, too.

If an entrepreneur can handle failure without frustration or anger, s/he can move past it to find success.

3. Successful Entrepreneurs Pay Attention to Details

Restricting your attention to the big picture can be even more problematic than ‘sweating the small stuff.’

As an entrepreneur, unless venture capital has magically dropped out of the sky, a small expense can be a killer. It’s attention to detail that can make a small business successful when it has competition and it’s attention to detail that can keep costs down.

Attention to detail can be difficult to maintain — going over ledgers can be tedious even when you aren’t trying to pay close attention — but keeping your eye on a long-term vision is just asking for a problem to sneak in under a radar.

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After a business grows, an entrepreneur might be able to hire someone to worry about the details. In the beginning, though, only one person can take responsibility for the details.

Skeptical about the importance of details? Look no further than Howard Schultz, who grew a small coffee shop called Starbucks into one of the most globally successful coffee businesses in the world through his extreme attention to detail.

He is famous for taking all aspects of growing a business into account, paying attention not only to financially smart business decisions, but also focusing on socially responsible business decisions. Details can take you far.

4. Successful Entrepreneurs Embrace Risks

No entrepreneur has a sure thing, no matter how much money s/he stands to earn on a given product. Even if a product tests well, the market can change, the warehouse can burn down and a whole slew of other misfortune can befall a small business.

It’s absolutely risky to run a business of your own and while you can get some insurance, it’s not like most investment options. Even worse, if something does go wrong, it’s the entrepreneur’s responsibility — no matter the actual cause. In order to deal with all of that without developing an ulcer, you have to have a good tolerance for risk.

You don’t need to channel your inner frat boy and take on absolutely stupid risks, but you need to know just how much you can afford to risk — and get a good idea of how likely you are to lose it. If the numbers make you uncomfortable, the risk is too great.

Embracing risks is essential for growth and additional success, as well. Walt Disney, for example, could have stayed comfortable with his advances in the film and animation industries, but decided to expand his brand with a new dream: a theme park that soared above the competition. Without taking this risk, the incredibly successful Disney theme park empire would never have come about.

An entrepreneur has to be willing to accept pretty big risks, with some level of comfort.

5. Successful Entrepreneurs are Balanced

You can take any characteristic too far. There’s a point at which attention to detail can become obsession or calm can become unemotional response.

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As an entrepreneur, you have to be able to balance your characteristics, getting the most of them without going over the edge. But balance for an entrepreneur goes far beyond keeping your characteristics in check, though.

Just as an entrepreneur doesn’t have a boss to keep them at work when necessary, they don’t have one to send them home when they’re done. If you are working for yourself, you have to decide how to balance your work and home life — and if you have a day job to add into the equation, balance just gets more complicated.

Oprah Winfrey, one of the most successful and influential entrepreneurs out there, understands the importance of balance. Winfrey has a lot going on; she runs her own media kingdom, acts, produces films, publishes print, and more. In an interview with Fast Company,[1] she talks about her efforts to balance priorities and self care, saying that she must ask herself what is truly important in each limited day.

You may or may not have as much on your plate as Oprah, but learning how to balance whatever you have going on in life will certainly help you farther along down the road as you learn to be a great entrepreneur.

6. Successful Entrepreneurs are Passionate and Motivated

In order to develop any of the above characteristics, you must have a foundation of passion. Staying disciplined day after day during the building of your business takes unrivaled motivation.

Before you start any business, ask yourself if you can sustain true excitement about your idea during even the darkest days ahead of you. If the answer is yes, then good for you! Nurture your natural motivation by taking these action steps throughout your business journey:

  • Commit to making short and long-term goals. Check in with them often to stay on task.
  • Have a plan in place for the inevitable days when you feel discouraged. Make a list of things that will help keep you motivated and focused.
  • Share your ideas with trusted individuals who are just as excited as you are. They will help keep your enthusiasm rolling even when you are feeling down.

By being prepared for apathetic days and holding fast to your authentic passion, you can actually enjoy your journey to success.

7. Successful Entrepreneurs Adapt

Remember this one word: flexibility. Seasoned entrepreneurs know that change is not only a part of life, but also a part of the business world. Expect change and choose to adapt.

As a new entrepreneur, it will be tempting to cling to your original business plan with no exceptions, even if you notice it isn’t working. Good entrepreneurs know that it’s okay to make smart, informed changes in order to ensure efficiency.

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8. Successful Entrepreneurs are Marketing and Sales Experts

No matter what kind of business you are starting, a knowledge of marketing and sales will save you many headaches. A passion for creating a beautiful handmade lifestyle product is not enough to run a successful lifestyle brand; it is critical that you understand key business principles in addition to your natural skills or great product line.

Not sure how to start? Taking business courses is a great idea, but you can also easily brush up on sales and marketing through free online resources. Check out these 10 Sales Skills Everyone Should Master To Be Successful to begin now.

9. Successful Entrepreneurs Have Strong Money Management

Along with sales and marketing skills, money management is a very useful tool in the box of the entrepreneur. Understanding how to best manage your money can be the difference between early success and early failure in the business world.

If money management isn’t your strongest skill, prepare to hire a financial expert to help you with any tricky business that comes up. Financial guidance and knowledge is never a bad idea.

10. Successful Entrepreneurs Ask Questions and Continually Improve

Pride is a natural human quality, but it’s important to humbly conduct some constructive criticism every now and again on both yourself as a leader and your new business as a whole.

Assess how things are going and be willing to make positive changes if necessary. Here’re 15 ways to cultivate lifelong learning.

If you are always improving, then how can you ultimately fail?

The Bottom Line

Let me remind you of one important fact: the qualities of an entrepreneur listed here are not exclusively available to some people and elusive to others.

Although some people may have natural strengths and weaknesses, these qualities can be learned by anyone interested in taking up the entrepreneurial challenge. It might not be easy to change old habits, but it is absolutely possible to cultivate these characteristics in yourself.

Whether you’re a business owner or an aspiring entrepreneur, with hard work, you can train yourself to develop the qualities that truly determine the entrepreneurial spirit and future success.

Featured photo credit: Unsplash via unsplash.com

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