Tag Archives: freelancing

How many clients should I have?

For freelancers, there’s a perennial balancing act between finding enough work and becoming overwhelmed. If you haven’t got enough clients on your books, the days can become frustrating and drawn-out in equal measure.  Attract too much work, and the only way to meet the constant barrage of approaching deadlines is to start working in the evenings and weekends – or let your quality control drop in the interests of getting work out of the door. Since these options will respectively lead to burnout and lost clients, it’s far better to seek the Goldilocks solution – just the right amount of work to keep you busy without precluding holidays or a good night’s sleep.

The problem many freelancers face is knowing how many clients to have on their books at any given time. It’s a tightrope act every self-employed creative or company director will wrestle with on a regular basis. To help people who want to be a freelance writer set realistic targets, and to benefit people already struggling with this thorny problem, we’ve shared our thoughts based on our own experiences. These are the key factors to bear in mind…

Frequency of work

Firstly, review your existing client portfolio (assuming you have one). How many of your accounts are regular, as opposed to sporadic or seasonal? G75 Media produces weekly blogs for a leading Ofcom-approved price comparison site, and a biannual newsletter for a national chain of opticians. The latter is more time-consuming, but the former requires several hours dedicating to it every week. Get a year-to-view planner and map out the level of work you can expect in the rest of 2024, which will highlight gaps in your schedule and indicate how many clients to have.

Existing commitments

Next, think about your own lifestyle. Do you need to finish at 3pm every day to do the school run, or take a few weeks off every summer for childcare? Do you go abroad every December to escape Christmas, or struggle to work regular hours due to unpredictable caring responsibilities? Many companies don’t care when or where freelance writers produce content providing it’s supplied by a certain deadline, but some firms might expect you to be available at set times. And that’s before we get into the thorny issue of whether you’re allowed to work from a home office or expected to attend client premises…

Complexity of assignments

Every client has varying expectations. We have clients who are happy to receive Word documents, and others who want articles uploaded into a CMS like Wix or WordPress. Some clients want copyright-free images supplying, while others expect pull-quotes and meta descriptions. This affects the amount of time each piece of work requires – in turn affecting how much free time you have. Spend a week compiling a timesheet at 15-minute intervals to get an idea of how busy you really are. This will reveal the proportion of your week being wasted on procrastination/social media/coffee breaks/chatting.

The risk of losing clients

In G75 Media’s first full year of trading, we had two clients who provided 75 per cent of our annual turnover. Today, we have a dozen clients, none of whom individually contribute more than 15 per cent of our income. Consequently, the loss of any one client wouldn’t be catastrophic. It’s easy to put all your eggs on one basket, especially early in your freelancing career, but always think about how you’d fill the working week (and pay the bills) if you suddenly lost your biggest source of income.

Your personality

This is far too diverse a factor to sum up in one paragraph, but essentially, it relates to how you cope under pressure. If you’re a single workaholic, burning the midnight oil enables you to increase turnover, whereas a fifty-something parent may be less keen on weekend working. Everyone copes differently with pressure, impending deadlines and project management. Being organised also makes it easier to juggle multiple projects; Trello boards are a great way of highlighting key deadlines and ensuring you don’t forget anything.

Although G75 Media has a healthy roster of freelance copywriting clients, we’re always happy to discuss new assignments and projects, from one-off commissions to regular work. Contact us to discuss how our award-winning copywriting services could benefit your brand or business.

How to price freelance copywriting jobs

One of the most challenging aspects of any job interview has always been the moment when the interviewer looks across the desk and blandly asks what your salary expectations are. Presented in such a deliberately open-ended format, there’s rarely a perfect answer. Set your self-determined value too low, and you’re potentially agreeing to be underpaid for the foreseeable future. Set it too high, and you could come across as arrogant, or simply price yourself out of contention.

Many freelance copywriting jobs are advertised with set fees, based on what the employer is able (or feels willing) to pay. Yet some companies don’t really know what it costs to hire a freelance copywriter, or how much they should pay for professional freelance writing services. On the other side of the coin, it’s hard for an inexperienced freelancer to price freelance copywriting jobs accurately, especially when every vacancy (and project) requires differing skillsets. Some assignments are research-intensive, while others are more creative and freeform. Some require interviews and Zoom/Teams calls, while a few necessitate field-based research.

Having been a freelancer for over 20 years, I’ve become astute at valuing my own expertise and accurately gauging the potential complexity of assignments. These are my recommendations for any up-and-coming freelance marketing writers or freelance copywriters wanting to set competitive rates while ensuring they’re reasonably remunerated for potentially technical and time-consuming work.

Weigh up your existing knowledge

If a client asked me to write an article about a specific town or city, I could produce pages of copy almost instinctively, drawing on two decades as a property journalist. Yet if a client asked me to write about yachts, my limited knowledge of this specialist field would necessitate market research and competitor analysis. Topics you’re passionate about or familiar with are easier to write about authoritatively – reducing the time needed to complete assignments and enabling lower fees.

Add a ‘pest premium’

Some clients are engaging and accommodating, but others…aren’t. Although I’ve cultivated a roster of helpful and proactive clients, every freelance writer will encounter chaotic or unreasonable customers. You can usually tell from a first encounter whether they’re likely to want multiple rewrites or leave you chasing unpaid invoices. When it’s time to price freelance copywriting, a ten per cent premium on normal rates is a reasonable insurance policy, with a written contract formalising who’ll do what, and when.

Check what’s included

Building on the last point, submission processes vary enormously. Some clients are happy to receive a Word document, while others expect you to upload content through a CMS like WordPress. The latter is further complicated if you have to provide keywords, captions and copyright-free images. Are rewrites likely to be needed, and will they be demanded at no extra cost? Multiple people reviewing your work can hugely increase total editing time, so establish a chain of command at the outset.

Ask how they’d rather pay

Some clients price freelance copywriting projects with a lump sum on completion. The majority are advertised with a flat per-word fee, while a few involve an hourly rate. At an interview, it’s often advisable to let the client express a preference. If they want a per-word rate, you’ll need to factor in research and travel time; if there’s a fixed project fee, will the quoted sum justify the hours required to complete it? Also confirm whether they’ll be paying by BACS, Wise, etc – and when payments will be made.

Price freelance copywriting on a scale

Returning to our opening paragraph, if you’re pinned down mid-interview by a question about rates, provide your prospective new client/employer with a scale. Be honest and say you don’t know enough about the role to quote an exact fee, but you’d normally charge somewhere between X and Y for work of this nature, leaving a healthy gap between the two. That gives them room to negotiate, while providing you with scope to vary your fees once you know exactly what’s involved…

Finally, if you’re a small business owner reading this and wondering how to price freelance copywriting contracts, make life easier for yourself and contact G75 Media. We’ll sit down with you and discuss what’s needed before agreeing on a mutually satisfactory rate. Life’s easier when it’s kept simple.

Why freelance limited company status is preferable to being a freelance sole trader

Why freelancers should be limited companies

It’s exactly sixteen years since I founded G75 Media as a limited company. It’s also exactly twenty years since I started freelancing as a copywriter. In late autumn 2003, I was approached by a former employer to quote for completing a key element of the job I’d recently left on a freelance basis. I did so gladly, using my Yahoo email address and submitting an invoice in my own name.

It didn’t take me long to realise that companies would rather deal with another company than with a private individual. That’s especially true when it comes to something as nebulous as copywriting, where the quality of work can vary hugely between one contributor and the next. Companies often have to trust a hired freelancer to be professional, and that’s much easier to do if they have a recorded trading history and a proprietary email address. Who’s to say greatwriter101@gmail.com won’t simply take a paid deposit and vanish into the ether, or deliver a load of ChatGPT-penned nonsense?

How does a freelance limited company operate?

By setting up a company, you are making a series of pledges:

  • To maintain an accurate list of directors, secretaries and employees with Companies House.
  • To prepare end-of-year accounts, ensuring that any incurred taxes are paid timeously.
  • To ensure all debts are paid off before the company is closed down.

Each of these actions reassures a potential customer that they’re not dealing with some fly-by-night scammer, especially as limited companies need a registered head office address to which correspondence can be directed. Companies usually have a website and a proprietary email address, alongside business reviews by past and present customers.

CASE STUDY: Imagine you’re a prospective employer, advertising a freelance job vacancy. You receive two responses – one from info@g75media.co.uk, with company details and a registered head office address at the bottom. The other is from g75media@mail.com, complete with a Sent From My Mail.com Account footer. Which one would you regard as being more plausible and promising?

Some people opt to be sole traders because it’s easier – no annual statements to be filed, and no VAT returns if your annual turnover exceeds £85,000. However, ‘easier’ does not necessarily equal ‘better’. It certainly won’t impress a prospective client as much as a registered business, even if that business is effectively a one-man band. G75 Media has always been a trading vehicle for my own freelance services, and despite a few unsuccessful attempts at employing other freelancers, it remains my own business. People who contact G75 Media speak to me directly; people who engage our services benefit from my award-winning writing; people who receive invoices do so alongside a friendly message I’ve penned specifically for them. Being a limited company doesn’t make you seem impersonal or distant.

Taking care of business

If you’re concerned that setting up a freelance limited company sounds intimidating, it really isn’t. Companies House do most of the legwork for you, registering the business with temporary personnel who immediately step aside and appoint you as the director. All you need to do is find a company name not already in use, select a legally permissible head office address, and appoint an accountant to handle financial affairs. From there on, the development of the business is entirely in your hands, including decisions about websites, social media activity and marketing. Because a freelance limited company will be more appealing to clients than a sole trader, you’ll have the best chance of growing rapidly and establishing a name for yourself.

How to become a freelance copywriter

“You’re a writer? How did you get into that?”

If I had a penny for every time I’ve been asked a variation of that question, I’d probably have enough money to buy a nice bar of Swiss chocolate. It’s usually the first response to telling a new acquaintance that I’m a freelance copywriter, while the second response is often along the lines of “I’ve always wanted to do that” or “how do I become a freelance copywriter myself?”

To anyone unfamiliar with this industry, freelance copywriting can seem impossibly glamorous. And in some respects it is, but it’s still a job. It requires dedication, organisation and creativity at all times. The pay is often modest, time off is either unpaid or made up in the evenings, and you have to deal with clients who can occasionally be unreasonable and/or rude. Crucially, this is a hugely over-subscribed industry, where companies can be highly selective about who they commission.

Sounds great! So how do I become a freelance copywriter?

First of all, if you’re reading this as a student or in the early years of your career, there’s one key thing to remember:

There are no shortcuts.

With so much competition from established writers, it’s going to take a long time to build your own identity and become a freelance copywriter of repute. You’ll probably have to work for free, and you’ll certainly have to work on projects that don’t interest you. There may be clients you don’t get on with, deadlines that require burning the midnight oil, and articles which are never published.  The latter scenario is especially frustrating, because you can’t promote them if they’re not published. Most freelance copywriting job vacancies request several hyperlinks to published online features with direct relevance to the industry or company in question.

This is why it’s far harder to become a freelance copywriter than it is to remain one once you’re established and known within the industry. I have a Word document containing links to a hundred of my best articles, arranged by category with one-line summaries and URLs. If I spot a tempting freelance writing opportunity, I can call upon a stockpile of relevant articles demonstrating my expertise in that specific area. A new or aspirational writer won’t have such a portfolio to draw on, but you can start by linking to your own blogs, or offering to write guest posts for clients in industries you’re passionate about. Every time an article is published, make a note of its URL for future job applications, or save a screenshot onto your PC to compile a portfolio like this one.

You’ll also need other resources to become a freelance copywriter, including a comfortable workspace. We’ve previously discussed how to create the ultimate home office, even with a small budget and limited space. You’ll need a laptop which can be used at home, at the local café and at client meetings. You’ll have to create some administrative templates, including a professional-looking invoice and a spreadsheet to track income and expenditure. Some writers remain sole traders rather than going down the limited company route, since the latter brings additional layers of bureaucracy and responsibility. However, clients tend to prefer dealing with a registered company than with a private individual touting for work with a generic Gmail address.

Windows onto the world

Above all, you’ll need a website. This is your digital shop window, where you explain what you can offer and highlight key achievements. Its contents will evolve over time, as you work for more clients and build up greater expertise. Freelance copywriters usually develop one or two niches – the G75 Media website outlines how we’re property writers and motoring journalists first and foremost. Nobody will be impressed if you claim you can write about anything, because topics like SaaS or property law demand expertise and an intuitive knowledge of the subject.

Your website will often be the first impression made on a prospective client, so update it with your best work and list the attributes which make you stand out from all the other writers. It’ll take time to become a freelance copywriter, but you’ll succeed if you persevere.