Search This Blog

Monday, November 1, 2010

Myth, Busted: Freelancers Work for Peanuts (or "Exposure")

Earlier this year, I surveyed fulltime freelance writers about what they're making this year, what kinds of work they're doing, and whether they're making more this year than in 2009. Since then, I've been collecting more survey responses.

The latest results? With 127 fulltime freelancers responding (admittedly a small sample), 51 percent plan to gross $40,000 or less this year. However, that means that 49 percent plan to make more than $40,000 this year. Nine percent plan to make $60,000-80,000; another 6 percent plan to make $80,001-100,000; and 10 percent plan to break the six-figure mark in 2010, a year that's been tough for just about every self-employed businessperson.

The fact that 25 percent, or one in four, of those surveyed plan to make $60,000+ this year should help defeat the myth that freelancers work for peanuts. Sure, some do, but many aren't just surviving but in fact are thriving in a turbulent economy. And if other writers are doing it, you can too.