How to Make it as a Freelance Writer

Video Transcript

REBECCA SATO: Hi. I'm Rebecca with ExpertVillage.com, and we're going to talk about the business side of being a writer. We've talked about some of them earlier but I'm just going to kind of summarize it because this is kind of where a lot of freelance writers kind of fall off the train. It is when you have to make sure that you have contracts for your writing. That the business side and the negotiation side that you and the client have terms worked out and agreements and that you know you're going to get paid. You'll also want to consider getting a separate bank account because this is a real business. And when you get money, you kinda want to keep track of it and to keep track of your expenses and your income and your expenses. So I recommend getting your own account just for your writing, whether you're doing it full time or part time. And then, of course, if you have a joint account with your spouse or significant other, then you can transfer money into that account. But to have a separate account, it makes easier for tax purposes, too, because you can keep track of how much you've made and how much you need to spend. So make sure you're spending from that account as well as depositing the money you've made. So that's something to consider. You also want to consider that even though you are a writer and you're creative and you're smart and wonderful, you're still a number to other people so you need to know what you're worth and you need to work with that realistically. So that's my advice to writers, learn the business end and then you'll have the best of both worlds.

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