Just like any other online entrepreneur, bloggers need to be aware of their finances to be successful. This is true even if your primarily freelance: in that case, your business is simply yourself. A strong financial plan is an important component of succeeding as an independent business person. Whether your just getting started or you’ve been at it for a while, you can follow these smart finance tips for bloggers to make sure you’re on top of your game. [Read more…]
As we continue with this series on blogging jobs, it’s time to look at the income a blogger can make by blogging for pay.
The skills and qualities a company or blog owner is looking for from a blogger are extensive, far beyond just writing abilities. As with any freelance job, determining how to put a value on the time it really takes, and the costs associated with the time and production, is really hard when the real cost is in time, not materials. Bloggers should be paid for the time as well as their expertise and abilities. Are they? This is a problem that has been around for a very long time. How much is your time worth?
For many decades, professional editorial writers found a compromise on the time/value issue with payment by the word with a restriction on word count. I often was told, “We’ll pay you a dollar a word up to 1,000 words maximum.”
This meant the magazine, newspaper, newsletter, or other print publication had space for one thousand words that needed to be filled. Going over meant changing their magazine or newspaper design structure. Giving them less meant I’d be paid less, but somewhere in the middle was a compromise for both of us, usually in the form of me setting a minimum fee I was to be paid, no matter the word count, such as “I want $500 minimum for 700 words and a dollar a word thereafter.” If the article came it at 400 words, I would still be paid my minimum. If it crossed the 700 word mark, at which point I should have been paid $700 for a dollar a word, that’s when they have to start paying me the dollar a word rate. It wasn’t the best, but the companies felt like they were getting a deal and for the most part, I covered the minimum I needed to pay my rent and eat.
Here is a chart for the various traditional writer’s pay scale based upon a dollar amount per word. The more experience and expertise, the higher the fee per word.