What is a good hourly rate?

Copy Writing, Freelancing, Work January 24th, 2008

I mostly earn my living as a freelance writer these days, nothing grand, I don’t write novels or anything so spectacular. Mostly, I write marketing materials, sometimes short 20 or 30 page eBooks, quite a few essays and business reports and now and then I get to do some product reviews.

I started off charging a flat rate. I can write around 1000 words per hour so was bidding at $2 per 100 words, or £10 an hour basically. The problem is, I am getting more and more work of a complicated nature, right now I have 2000 words to produce on:

Organisational Culture may be visualized as being an implicit set of references that guide and influence the behaviour of individuals within the organisation.

You see the problem? I’m probably going to have to spend more time researching this than actually writing it. The $2 per 100 words just doesn’t cut the mustard in this situation. I’m going to have to work out some sort of pricing structure based on the type of work I am asked to do, if a lot of research is required then I will have to reflect that in my pricing.

When it all goes a bit wrong

Copy Writing, Freelancing, Work January 23rd, 2008

You might remember me posting something a while back about having to employ a couple of people to help me out with my increasing work load. This has proven to be somewhat problematic in organising.

I have employed 2 people, and they could not be more different. The first one is a young guy who has a degree in business studies and produces very good work for me, the main thing I like about him is the speed in which he produces results, I get a 24 hour turnaround with him every time, always perfect.

The second person is a chap who writes well, better than the first guy actually, but he is unreliable, this is worse than not having anyone to help out at all. For example, today I have ha to take back some work from him as he has found various reasons not to complete it for the last week, this means I now have to do the work myself, thus causing me to delay my other work. Really this is no good at all.

I think what I will do is complete the stuff he hasn’t done for me and then send everything else to the first guy, at least he produces the work in a timely fashion.

A fair price

Copy Writing, Freelancing, Work January 18th, 2008

On of the biggest problems I face as a freelancer is trying to work out the correct price to quote a prospective customer. In an ideal world I would just take the amount of work that needs to be done, divided it by the number of man hours to complete it than multiply that by my  hourly rate.

Unfortunately it doesn’t work out like this, there are all sorts of other considerations. Is this a possible long term repeat customer? If so I should quote keenly. Is it one of my friends? Can I really charge my friends full price? Do I actually want to do the job or should I price it high so that if I win the bid at least it makes the job more appealing?

As you can see things are far from simple, it has gotten even more complicating since I have started to outsource some of my work, I now need to factor in bank charges, employee rates, add a small percentage to cover jobs that don’t get paid due to the customer disappearing but that I will still have to pay my outsource people for, all sorts of things.

I think I will start looking around for some software to help with all of this, there must be something out there, hopefully web based that can deal with business administration. Either that or find another outsource person that can handle the administration for me but I have a suspicion that will just compound the problem.

A fun job today

Copy Writing, Freelancing, Work January 18th, 2008

Yes it’s official, this afternoon I have some work to do that might actually be fun! I have been employed to go and play on three separate online casinos, the company that has hired me has also placed $100 in each of the casino accounts and told me that if I win anything I can keep it!

I do have to write a review of each of them around 900 words in length afterwards but I am getting paid for it so I can’t complain. It would be very cool if I could get this kind of job every day instead of some of the really boring stuff I have to write about at times. Just now I finished a 1250 word article that discussed the plastic molding industry, what a completely boring thing to have to write about!

Well I guess it’s jobs like this that keep me living here on Koh Phangan so I cannot complain really.