The amount of money freelance writers make can vary significantly depending on several factors, including their experience, niche, location, and client base. Some freelance writers make a modest income of a few hundred dollars per month, while others can earn a substantial full-time income.
According to a survey by the Editorial Freelancers Association, the median income for freelance writers in 2017 was around $20,000 per year. However, it's worth noting that this figure includes writers across various experience levels and specialties. Many established freelance writers with ample experience and a solid client base can earn much more.
Freelance writers often charge on a per-word or per-hour basis, with rates ranging widely. Beginner writers may charge $0.01 to $0.05 per word, while experienced and niche-specialized writers may earn $0.10 to $1 per word or more. Hourly rates can also vary, typically ranging from $20 to $100 per hour, depending on the writer's expertise and the complexity of the project.
It's important to keep in mind that freelance writing can be unpredictable, with feast and famine cycles. Freelancers often have to spend time and effort on marketing, acquiring clients, and managing their own business, which can affect their overall income.