The terms “starving artist” or “starving writer” exist for a reason—it’s tough to make a living in the arts. But if you want to be a writer who thrives, let me share some insights. I’ve written tons on Financial Samurai since 2009, authored an e-book in 2012, and published a bestselling personal finance book in 2022, allowing me to support my family in San Francisco. But even with successful books, I needed passive income to make ends meet. Let’s dive into how you can actually make money as a writer.
First off, earning a living as a full-time writer is no walk in the park. Writing can be a great way to make extra cash from home, but it’s a challenging career path. So, if you’re looking to boost your income through writing, read on. Here are some of the easiest ways to make money as a writer:
- Freelancer: Anyone with decent English skills can try their hand at freelancing. There are plenty of online platforms where you can find writing gigs.
- Journalist/Columnist: Working for a media organization is a solid way to be a professional writer, but it usually requires a relevant degree.
- Blogger: Starting your own blog is affordable and can generate income through ads and product sales. Keep in mind, it takes time to start making money.
- Book author: Writing a book is tough, and it’s not a guaranteed path to riches. Only publish a book if you have something important to say.
Many aspiring writers struggle to make a living because most readers expect content to be free nowadays. Even if you provide value, only a small percentage will support your work. The rise of the internet led to changes in the writing landscape, where traditional media outlets shifted focus to online subscriptions for survival.
Joining a media organization as a columnist or journalist can improve your chances of success as a professional writer. Salaries can range from $35,000 to $150,000 per year, with benefits included. It’s crucial to foster a recognizable brand as a writer, as this can open up more opportunities for earning.
Establishing your own platform, like a blog or website, is essential for showcasing your work. Leveraging social media to drive traffic to your platform is key. Building a loyal audience takes time, but consistency is crucial. Writing is about being read, so focus on what interests you and stay true to your style.
If you’re struggling to earn as a writer, freelance writing is a viable option. Typically, freelance rates vary based on your expertise and reputation. Quality writing attracts better-paying opportunities. While it may be challenging to earn well from blogging, freelancing can provide a more stable income stream.
Writing is a long game. Success as a writer requires consistency, quality content, a strong platform, and a recognizable brand. Humility is also vital—be prepared to take on various work to support your writing dream. Whether you’re a generalist or a writing enthusiast, the path to becoming a professional writer may involve sacrifices and multiple income streams.
In conclusion, becoming a professional writer is tough, but achievable with dedication. Don’t rely solely on book deals for income, as most authors struggle to make a living from royalties. Focus on building a solid brand, honing your craft, and finding diverse income sources to support your writing passion.
And remember, the writing journey is a marathon, not a sprint. Stay consistent, keep improving, and never lose sight of why you write. Your success as a writer lies in your perseverance and passion for storytelling.
