If you’re thinking about starting a freelance writing business, of if you’re a prospective client curious to know how freelance writers work, then this article is for you.
Tips On Starting A Freelance Writing Business
CEO Blog Nation recently reached out to me, asking for my thoughts on the subject, and they were nice enough to publish what I had to say in their post 13 Entrepreneurs Share Advice On Starting A Side Business.
The main takeaway is that freelancers – and anybody who runs their own business – should think of themselves the same way that a company thinks of itself.
From birth we’re trained to do one thing and one thing only. We go to school, obtain a degree specializing in a certain field, then go to work in that field.
That might be great for people who only want a 9-5 day job, but that approach simply doesn’t work for entrepreneurs and people starting a freelance writing business.
How To Think And Act Like A Company
This isn’t so much about incorporating yourself, having your clients sign freelance writing contracts, and collecting on bad debt. Although all of those are important aspects of any freelance writing business.
Freelance writers should spend some time thinking about how to develop multiple revenue streams for themselves, just as a regular company does. For example, Mercedes doesn’t just sell one car. They sell multiple cars and they also design and build engines for other uses besides passenger vehicles.
Multiple Freelance Real Estate Writer Revenue Streams
Entrepreneurs thinking about starting a freelance writing business can use the same approach.
Here are three ways that freelance real estate writers in particular can make money with multiple revenue streams:
- Write real estate books and distribute them on multiple platforms, not just Amazon.
- Market your core business of freelance real estate writing through various offline and online venues, such as Upwork.
- Invest in real estate, even if it is just through a crowd funding site or by investing in a REIT.
Doing these three things will help you with your freelance writing craft, and also help demonstrate to prospective clients that you have first-hand experience with what you’re writing about.