In today’s topsy-turvy world of freelance writing, making a lot of money is nothing more than a pipe dream for most. Making any money is more realistic. It has become harder and harder to do so with the flood of new media. So how can you make enough to pay the bills—and not count on your spouse’s paycheck. Ladies I’m speaking to you.
The first thing you have to learn to do is to do your best for whatever you’re getting paid. This can be a challenge as many publications have cut their pay rates in the last several years. To make sure you come up with good content, you need to be as organized as possible, so you don’t spend countless hours on a job that pays a low rate.
There’s an old saying: “You get what you pay for.” While that may be true, a lot of editors want more than they’re willing to pay for. You can make your articles seem better if you include lots of details and keep them short. Generally, a shorter piece take less time to write. So stay focused on your topic. Get excited about it and let that excitement spill out to both your editors and readers.
The second thing you must learn to do is negotiate. Most writers shy away from this because they assume that if they push too hard, their editors will reject them. That may be true when you first start working with an editor. Rule Number One: Don’t negotiate on the first job with an editor. Do the best you can on it and win that editor over. You might consider doing two or three jobs for that editor before asking for more money. Sometimes, an editor’s hands are tied and he or she cannot give you more. But usually they have some leeway in what they pay freelancers. Some writers get paid the minimum while others get the maximum.
Start out by asking what the editor can pay for the assignment. It’s at this point that you must decide if you can economically do the job. Is it worth your time? Will it be easy enough to make lower pay feasible? If the answer is no, tell the editor you’re sorry, but you can’t do your best on the job for that price. Believe it or not, there are other fish in the sea.
Once you feel confident enough to negotiate, think like you’re at a public market in a foreign country where bargaining is the norm. Before you begin, consider what you are presently being paid and then figure how much more you can accept. Ask for 50 percent more to start. Don’t get greedy. The editor may counter with 25 percent more. It’s just like bargaining for a souvenir. If you don’t get your price, be prepared to walk away. If the editor likes your work enough, he or she will counter with an acceptable offer. You’ll be surprised how often this works.
In order to be able to negotiate successfully, you have to have shown the editor that you can get your articles in on deadline. If you discover that you’re going to be late, call the editor and let him or her know. They really appreciate that. In fact, they’re smart enough to have given you a deadline that is actually a week or two ahead of when they actually need the article. So there’s a little wiggle room. But don’t count on this. Some editors work right to the wire.
Lastly, as a business person, it’s important for you to follow up. Remember, editors are busy people. Besides dealing with other writers, they’re dealing with various departments. After you’ve sent in the assignment, wait a couple of days and then send a short Email asking if the editor received it. If you mailed it, give them a call in a couple of days. Both the U.S. Postal Service and Email can be unreliable.
The editor will tell you when he or she plans to run your article. Once that date passes, send another message asking for a copy or two of the issue in which your article appears. And if you haven’t received payment by the negotiated time, contact the editor about it. And don’t forget to let the editor know how much you enjoyed working with them—if you did. Don’t lie. There are some editors who are hell on wheels to work with. In their case, move on to another publication. Don’t torture yourself, no matter how much you’re paid.
NOTE: For additional ideas on negotiation, read my blog from Feb. 1, 2013---"10 Ways of Improving Your Chances in Negotiation."
Showing posts with label bargain. Show all posts
Showing posts with label bargain. Show all posts
Saturday, April 11, 2015
Make More Money Freelancing
Friday, February 1, 2013
10 Ways of Improving Your Chances in Negotiation
As you progress in your freelance career, you’ll find that you’ll need to start negotiating with your editors if you expect to get paid more money. In the beginning, you had no recourse but to accept whatever a publication paid. But as you move on up the ladder of success, you’re in a position to ask for more pay. But to do that, you’ll need to negotiate.
Negotiation is a two-sided process. If either side weighs heavier than the other, it’s out of balance. Since you’re the one who will be initiating the negotiation most of the time, it’s up to you to make sure all your ducks are in a row. Otherwise, the other side will get the upper hand and control the process, usually not in your favor.
Here are ten things you can do to make sure the negotiation goes well and in your favor. Keep them in mind each time you step up to ask a client for more money or a more reasonable deadline. And as in any bargaining situation, be prepared to back away.
1. Sell yourself on your idea first.
2. Get to the right person before you start your negotiation. Let’s face it, there’s no point wasting your
time talking to someone who’s in no position to talk money.
3. Know why you deserve what you’re asking for. Your resume and hourly rate schedule will help you here.
4. Before you negotiate, get a good night’s rest. Being well rested will boost your confidence, improving your chances during the negotiation.
5. Make sure you take the right approach at the start of the meeting or phone call. Remember, you want the client to think your idea is his or her idea and that you’re just calling attention to it.
6. Think big. Always ask for more than you think you’ll get. You can always go lower but never back up once you’ve come to an agreement.
7. Keep some other ideas in reserve. Be prepared to counter a negative offer with an irresistible idea.
8. Offer to help the client. See the negotiation from his or her point of view. Does he need to make money or save money or reach more readers?
9. Make your client think he’s getting the better part of the deal. If you do, he’ll want to do business with you in the future.
10. If you’re client gives you the your price-is-to-high treatment, don’t retreat. Be ready to explain why your price is a bargain.
Negotiation is a two-sided process. If either side weighs heavier than the other, it’s out of balance. Since you’re the one who will be initiating the negotiation most of the time, it’s up to you to make sure all your ducks are in a row. Otherwise, the other side will get the upper hand and control the process, usually not in your favor.
Here are ten things you can do to make sure the negotiation goes well and in your favor. Keep them in mind each time you step up to ask a client for more money or a more reasonable deadline. And as in any bargaining situation, be prepared to back away.
1. Sell yourself on your idea first.
2. Get to the right person before you start your negotiation. Let’s face it, there’s no point wasting your
time talking to someone who’s in no position to talk money.
3. Know why you deserve what you’re asking for. Your resume and hourly rate schedule will help you here.
4. Before you negotiate, get a good night’s rest. Being well rested will boost your confidence, improving your chances during the negotiation.
5. Make sure you take the right approach at the start of the meeting or phone call. Remember, you want the client to think your idea is his or her idea and that you’re just calling attention to it.
6. Think big. Always ask for more than you think you’ll get. You can always go lower but never back up once you’ve come to an agreement.
7. Keep some other ideas in reserve. Be prepared to counter a negative offer with an irresistible idea.
8. Offer to help the client. See the negotiation from his or her point of view. Does he need to make money or save money or reach more readers?
9. Make your client think he’s getting the better part of the deal. If you do, he’ll want to do business with you in the future.
10. If you’re client gives you the your price-is-to-high treatment, don’t retreat. Be ready to explain why your price is a bargain.
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