Can you really make six figures as a freelance writer? What’s realistic?
The truth is that each of us make six figures as freelancers. Both Kat and Ben make more than $200,000 a year, and Miranda makes more than $100,000 a year (she’s been cutting back).
How much you can expect to earn as a freelance writer depends on a few factors:
All of us write primarily in the personal finance niche. The types of articles that pay the most are credit card reviews. Those can pay $0.50 to $0.75 per word. Other articles might pay between $0.35 and $0.50 per word, depending on the subject and the intensity of the work. Some work, such as website marketing copy, press releases, or white papers might pay $1 or $2 per word.
In a lot of ways, it’s still the wild west out there. However, if you network, speak with other writers, and pay attention to market rates, it’s possible to find decent-paying gigs that can provide you with a way to earn six figures a year.