Ghostwriting, when you can get the work, has always been a popular way of making money. Freelance writers often choose to graduate to ghostwriting after a stint working on web content and blogs. The difficulty is in finding the work and making sure you’re making the best use of your time. In this article, we’re going to show you how to be a profitable ghostwriter.
1. How Much Money Do You Need?
You can’t calculate profitability without knowing how much money you need to survive. Look through your bills and expenses and you should know pretty quickly how much you need to make every week and every month. These are the figures you have to aim for.
2. Find the Clients
Build up your website and showcase your previous projects. You’ll usually need to secure permission from any clients before you can reveal your participation on a specific project. If you can secure this, you’ll be able to put some samples online. You can also do this by featuring any books you’ve produced under your own name.
From here, you can start searching for clients. Look through job websites and you’ll soon find openings for ghostwriters.
3. Work for the Right Clients
It’s important you figure out whether you can work with a client before committing to anything. They should afford you the opportunity of a trial run. In other words, you should have the chance to write a few thousand (paid) words and then review how it went afterwards.
The last thing you want is to work for someone who demands frequent changes and constantly changes their mind.
Also, make sure you get any agreement in writing. You don’t want to complete a book only for the client to scarper without paying.
4. Increase Your Rates
It sounds like a superfluous piece of advice. After all, to make more money you have to increase your rates. The problem is this applies to absolutely any ghostwriter at any level. So many writers fail to increase their rates because they get comfortable. The key to becoming more profitable is to have the confidence to ask for more when you know you’re worth it.
5. Track Your Time
It’s easy to get carried away with working for a single client. If you’re working for a fixed fee, which most writers are, any time you spend making changes won’t be reflected in your final fee. Track how long you work for each day and decide whether this project is profitable or not. If it isn’t, you may want to reconsider working for a client again in the future.
Time management is essential for ensuring you don’t spend too much time on unprofitable ventures. Ideally, you should have project reports detailing this information.
6. Cut Ties
So many writers feel like they can’t cut people off when they need to. If a client is too much of a hassle, be willing to tell them you’ve had enough. It’s hard to turn down a project with money on the table, but this is where you have to look at the big picture. Never get emotionally attached to clients and books. If something is unprofitable, cut it off straight away. You have no reason to make it part of your business.
See Also: 8 Writing Jobs You Don’t Know About
Ghostwriting is All About Value. And Ghostwriting at a profitable rate is about being able to produce a consistently high standard of work. To this end, ghostwriters should take feedback seriously, and ask for it when it isn’t immediately given. Act on this feedback by improving your skills, visiting conventions, reading craft books and practicing other forms of writing.
Do all this and you’ll soon find yourself with a business that provides for you and your family.
Are you a ghostwriter? Have you run into any of the problems mentioned above? Your thoughts and comments below please...