In that post, I shared my breakdown of ways I made that money and what types of paintings and clients I needed to get there.
Two years later, in October 2019, I had my first $10,000 month!
While I actually have made a livable and first rate salary given that I started out freelancing in October 2016, this was my first $10k month. I have visible many articles from people approximately ramping up and making $10k and greater right away; that is not the case for me, and I need to show a view of the more practical manner freelancers can ramp up and lift costs and client great over time to earn extra cash.
Screenshot of my spreadsheet. The left column is bills from PayPal and the right column is payments obtained outside of PayPal; for right is the overall.
I even have had several $8,000 months inside the last two years, and even extra inside the $7–8,000 range.
But October turned into my first ever $10k month, and I need to reveal you ways.
It wasn’t easy, but it became no longer a running a blog grind, either.
What’s modified?
In 2017, I become still doing quite a chunk of running a blog for groups on a month-to-month retainer basis (example: $one thousand/month for four blog posts in step with month for 1 consumer).
Not an amazing quantity. Here is the breakdown from that authentic article:
Screenshot from https://medium.Com/@jyssicaschwartz/freelancing-display-me-the-money-e9a275437960
My enterprise has developed, as they may be wont to do, inside the last two years. As my enjoy has grown and modified, my love for editing books has grown and I have gotten more opportunities to do this than in beyond years.
So, in October, I edited greater books, whether it turned into as a developmental editor or as a copyeditor and proofreader (they're distinctive and the pricing is one-of-a-kind!). I’ve raised my charges on account that 2017 (scaling my enterprise), and to be sincere, October was a mainly busy month for me.
My monthly retainer expenses and my in step with-word modifying quotes specifically have gone up.
How To Determine Your Pricing and Rates as a Freelancer
It appears like there’s no system, however, genuinely, there are many
medium.Com
These days, almost all of my customers are from referrals. A few are from people finding me thru my writing right here on Medium or via my internet site, and a few are preceding clients who came again.
October 2019 Breakdown
Retainer clients: 2. One is a technology company for $2200/month (wellknown writing and editing), one is a website that creates MOOCs for $1000/month (enhancing the content material in guides) = $3200.
Non-retainer customers: 2. One is a business entrepreneur who wanted an editor to assist with a couple of chapters for a collaborative e-book: $610 (it's far hourly), one is an occasion planning enterprise: $350 for advertising copywriting (hourly).
Book Editing for a Publisher: $2783 became paid for manuscript editing via a publisher I work with as a contract/agreement editor (2 manuscripts: 1 dev edit, 1 copyedit).
Book Editing for Individuals: $2495.Fifty six after completing the edit of a nonfiction felony e book for a client (initial 25% paid in the previous month).
Outline consultation/ebook training: $250 for an outline consultation with an author for kicking off the e book training procedure.
Medium: $277.58 paid to my account in October.
Amazon royalties from my first e book: Published in August 2017, I do no longer marketplace this e-book anymore, but I do nevertheless get humans buying on common approximately four–five copies in line with week, $50.Forty eight.
Total: 10,016.Sixty two
More detail
The retainer customers are specific and steady month-to-month amounts that I even have a selected quantity of hours each month allowed to do widespread writing and editing. The estimate is around thirteen–20 hours consistent with month for both customers together. Both of these customers have been referrals and the tech enterprise I even have labored with for over 18 months, at the same time as the alternative I actually have only been operating with for approximately 4 months.
The non-retainer customers are each longer-term but choose to track and pay hourly. The enterprise entrepreneur turned into a referral, and the event planning business enterprise turned into from me doing advertising and accomplishing out to them. Both are more recent clients that I’ve been working with for the last 3–6 months.
The publisher I work with sends me projects beforehand of time to see if I have time for them with the pay fee, the cut-off dates, the wide variety of estimated hours, what the book is, and form of modifying needed, which I can then accept or allow them to recognize I am no longer to be had (I am currently working on a ebook for this patron in November, as nicely). I’ve been working with them for approximately 6 months and I do not do not forget how we to begin with discovered every other, but I realize that each one of the ultimate five books I’ve labored on for them had been internal referrals, as every of the initial emails started out with “You labored with my colleague so-and-so and that they stated you did excellent, so I became thinking in case you had time to edit xx e-book…”
I usually have at the least 1 e-book I am modifying for an person author (in November, I am currently enhancing 2 man or woman books). These are nearly usually referrals.
I do person book education with authors for accountability and assist to break down the writing method, and I constantly kick it off with a ninety-minute outline consultation to help them truely create a extraordinary outline before they start writing. This become a referral.
https://www.fbioyf.unr.edu.ar/evirtual/blog/index.php?entryid=91307
https://www.fbioyf.unr.edu.ar/evirtual/blog/index.php?entryid=91309
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https://www.fbioyf.unr.edu.ar/evirtual/blog/index.php?entryid=91311
https://www.fbioyf.unr.edu.ar/evirtual/blog/index.php?entryid=91314
Medium and royalties you probable already realize.
Business adjustments and so do I
None of my contemporary clients are weekly blogging ones, so it's miles truly interesting to look the way it has changed!
Businesses evolve, it’s everyday. And as a one-individual commercial enterprise, it’s completely everyday for my pastimes to drive the route of my organisation and the form of customers I have and the paintings I do.
I am loving the modifications and evolution and doing greater modifying than I become years or even three hundred and sixty five days in the past. I even have some surely top notch clients right now and am feeling high-quality approximately the destiny. Of course, freelancing and entrepreneurship are noticeably unstable, so we’ll see how I feel in 6 months!
I wish this turned into useful!
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