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Showing posts with label money. Show all posts
Showing posts with label money. Show all posts

Sunday, December 31, 2017

Resolution Check In - 2017

Each year, I check back on the resolutions I made the previous year to see how well I've done. I only look at these things twice a year. Once when I make them, and once when I check them, 12 months later. It's interesting to see what my goals were and whether or not I made it.

10) Drink 5 glasses of water a day.

0. This year I felt like fuck water, I guess. I'll try again, but I think I'll go back down to 4 glasses a day. That's more reasonable for me.

9) Go to the gym and/or run consistently 3-4 times a week.

1. I actually did do this enough to count it. There were weeks when I did nothing, sure, but also weeks where I ran, biked or went to the gym every darn day. It would average out to 3-4 times a week, I'm sure of it.

8) Stop biting my nails

0. I mean. I just can never do this apparently.

7) Do something actionable and politically motivated every single week.

1. I did a lot of activism this year. A LOT. But there were weeks and even months where I did nothing. I just couldn't. Then again, there were weeks and months where I did something every day. I feel like averaging again, I'd come out with at least a thing per week. I put a lot of effort into this one, so I'm counting it as done.

6) Read 15 books. Journal 250 times.

0. I read like 4 books MAYBE, and I didn't journal at all because LiveJournal was eaten by Russia.

5) Make $55,000-$60,000.

This is a stretch for sure. I'd be happy with $50,000. <-- I said that when making the resolution.

1. I made $66,000 this year.

4) Publish 100 pieces.

0. I only published 40 pieces this year. I decided to teach instead.

3) Teach at least six classes this year.

1. I taught 10 classes this year, and I developed two more.

2) Publish my thesis.

0. LOLOLOL I really REALLY do not want to do this. Like at all. And I really REALLY should.

1) Save another $5,000 for each of my kids for their college education.

1. I saved $7,000 each for them this year.



Wow, 5 out of 10. That might actually be a record. I hardly ever keep resolutions! Also, I feel like I deserve a bonus point because even though it wasn't on my resolutions list, this is the year I for real quit smoking. Seven months and counting, anyway. That sucked and it was hard.


For my kids and I, I resolve the following:

5) Get them to stop fighting all the time.

0. Fighting is one of their favorite games.

4) Make them do math and reading every day for at least a short while.

.5. I did pretty well with this, though I did let vacations and weekends slide sometimes.

3) Get them into an activity other than Capoeira to expand their horizons a bit.

1. Um, they are in after-school instead, which isn't necessarily expanding their horizons, but we did a billion different summer camps this year, from museums, to engineering, to gymnastics, and a whole bunch more. We're trying.

2) Play a game with them every day.

0. I want to try this again. I really want to do this, but time keeps slipping away!

1) Have them do chores every day.

.5. Chores were mostly used in terms of discipline this year, though they did do A LOT of them. I want them to get used to having to do something small every day just because we are people and that is what we have to do.


Hmm, 2 out of 5. That's not super great, but at least it's something. I have a feeling a lot of my resolutions this year will be repeats, lol.


Friday, December 23, 2016

Freelancing numbers - year 2

This is my second year of freelancing, and while I did it full-time my first year, this year I ended up taking a teaching position at UF, and taught full-time last semester, so I'm going to show salary with that included and without it. It took up a bunch of my pitching and writing time, but also gave me a steady paycheck that I could (mostly) earn from home. And I get to teach students about journalism and how to do it! For me, this step was worth it.


This year, I made $47,979 total.
I made $19,412 of that from teaching at UF.
Therefore, I made $28,567 writing this year.

Last year, I only wrote, and I made $23,833.

My lowest income month was April: $1,832 
(Interestingly, last year's lowest income month was also April at $735)

My highest income month was February: $7,743. 
(Last year it was July at $4,566)

On average I made $3,998 a month, which is nearly $1,000 a week.
If I take out the teaching salary, I made $2,381 a month, or $595 a week.

Last year I made $1,986 a month or $496.52 a week.

Remember, though, I still have to do my taxes on $30,000 of this.

I'm happy with my professional decisions this year, and I recommend writers taking on a class or two if they have the time.


THE NUMBERS BEHIND THE MONEY:

We'll focus now on just the writing. To get that $30K, I published 65 pieces this year, down from 80 last year.

My highest number published in a month was July with 11 pieces published.
My lowest number in a months was May with 2 pieces published.

On average, I published 5.4 pieces a month, down from 6.7 pieces a month. (remember, even without the teaching money, I made more money writing this year than last, so inch up your pay rates when you can.)


In terms of publications, I published in 24 different places, down from 30 last year, including websites, newspapers and magazines.

The most pieces I published for one place? 23.


The lowest I wrote for was free. I wrote one piece for free this year. Not counting that, $50. I published two pieces for $50.

The highest check for one piece I received this year was for $4,000.

On average, I made $440 a piece, up from $300 last year. (This number skews high because I counted a few reprints and some blogging revenue in my yearly total.) So, let's probably say I made about $350 a piece this year.


THE EFFORT BEHIND THE NUMBERS:

Let's talk pitches, rejections and acceptances. To publish my 65 pieces this year, I sent out 267 pitches this year, down from 329 pitches last year. 

I was rejected outright 96 times. 
I was accepted 80 times (some are still in edits, and some were killed, which brings the published list to 65). 
I was ignored 91 times (which is a silent rejection, obviously).

So, my percentages work out like this:

Accepted: 30% of the time
Rejected: 36% of the time
Ignored: 34% of the time
Total Rejected: 70% of the time.

I was accepted 30 percent of the time. I was rejected 70 percent of the time.

Keep trying! Keep going! We can do this, freelancers. It is possible.


Last year's complete numbers are here.










Tuesday, December 29, 2015

Freelancing Numbers - Year 1

At the end of my first year of freelancing, I thought some numbers and stats might help others.


This year, I made $23,833.19.

My lowest income month was April: $735
My highest income month was July: $4,566.81

On average I made $1,986 a month.
That's $496.52 a week.

Remember, though, I still have to do my taxes. So take-home is like two thirds of the total, right? Which leaves me at: $15,729.91.

Okay, so not great. Definitely not great. On the other hand, way better than ZERO. So, that's good. We'll say it's a good start.


To get to that amount, I published 80 pieces this year.

My highest number published in a month was October with 12 pieces published.
My lowest number in a months was February with 4 pieces published.

On average, I published 6.7 pieces a month.
That's 1.5 pieces a week.


In terms of publications, I published in 30 different places, including websites, newspapers and magazines.

The most pieces I published for one place? 17.


The lowest I wrote for was free. I wrote two piece for free this year. Not counting that, $50.
The highest check for one piece I received this year was for $1165.50.

On average, I made $297.91 a piece. (This number skews high because I counted a few reprints and some blogging revenue in my yearly total.) So, let's probably say I made about $250 a piece this year.




Let's talk pitches, rejections and acceptances. To publish my 80 pieces this year, I sent out 329 pitches. I was rejected outright 128 times. I was accepted 97 times (some are still in edits, and some were killed, which brings the published list to 80). I was ignored 104 times (which is a silent rejection, obviously).

So, my percentages work out like this:

Accepted: 29% of the time
Rejected: 39% of the time
Ignored: 32% of the time
Total Rejected: 71% of the time.

I was accepted 29 percent of the time. I was rejected 71 percent of the time.

Please, please, please know that of all the times I was rejected, I never gave up on those pitch ideas. I pitch until an idea is accepted or simply cannot be spun any further.

I've had pieces rejected 10-25 times this year which went on to be published in places like Time, The Boston Globe, The Washington Post, Vice and more.

Don't let rejections scare you. A piece can find a home. You can do it.

Good luck this next year, freelancers. We're going to rock this.







Thursday, July 23, 2015

How much should a freelancer make? -- Guest post

Last year, I wrote a blog for Parentwin about my experiences as a freelance writer. Looking back on it, it's still a good post with some useful information in it, but it barely scratches the surface on what freelancers really need to know to make a living. And for new freelancers, it likely didn't help as much as I'd intended. Sure, you know where I go to look for jobs, you have some tips for maneuvering around Elance (which will soon be UpWork). But beyond that, it doesn't even begin to answer the number one question many freelancers have: How much do I get paid?

When you work for someone else, they usually give you a salary range. It makes it easy. Company advertises that they pay $50,000 a year and as long as you go to work every day and do your job, you get $50,000 per year.

But as a freelancer, you don't work for any one company. You work for a variety of individual clients. And many of them have an idea of what they want to pay, but good luck getting them to name a price when you first start negotiating your rates. They usually ask you to name your price.

And you're faced with a serious issues. You don't want to go too high and have them scoff at your price and walk away, but you also don't want to work for peanuts. Because chances are, once you set your rate with them, there's no moving it up. It's easier to get a new client at a higher rate than ask for an existing client to increase your pay by a lot. Even if the new rate is actually the fair, going rate for whatever it is you're doing.

This right here scares the hell out of freelancers. I've spent countless hours trying to figure out how much I'm worth. And that's the other issue here. Many freelancers have no idea what they're worth, or they lack the confidence to believe their skills are worth the price they've come up with. Especially when clients shoot back asking you to lower that rate, and well, if you're desperate for work... Chances are, you take what they give you.

But listen up. It doesn't have to be that way. I've been doing this for just over a year and I know what to charge when it comes to ghostwriting. I have “What I'd like to make” and “The bottom dollar I'm willing to take” quotes. If I'm desperate for work, I'll offer the lower rate, but I never go beyond the lowest rate I'm willing to take. If I'm busy but a client approaches me, I usually quote the higher rate. And I'm always surprised when I get that higher rate, but so far, I've managed to get it about 75% of the time.

Pretty nice, huh?

You're probably thinking to yourself that this is all fine and dandy, but it doesn't help if you have no freaking clue where to start with pricing yourself.

There are two common approaches to paying freelancers. Some clients prefer to pay an hourly rate while others pay an upfront rate (for writers, this may also be a per word rate). I prefer the second method because I write insanely fast. However, I do consider my hourly rate when coming up with my price.

Here's an example:

I list my hourly rate as $50 an hour on my Elance profile. I could probably go higher, but I mainly write fiction because it's more fun for me. But fiction writing doesn't pay nearly as much as copywriting or business writing. But for me, it's faster to write a fictional story than it is to research a boring topic, so it pans out.

I can easily write 10,000 words in about four hours. So I ask for $200 for 10,000 words and I make $50 an hour. Easy peasy. I also look at it per word. I generally charge $2 per 100 words. However, my old rate is still one I accept from time to time and it's no my bottom dollar rate - $1 per 100 words or about $25 an hour. From here, I plan on branching out and offering my services to higher end clients eventually. You never know, I may write the next James Patterson novel. Probably not, but it's not out of the question for me.

I will make a confession, however. My first 10,000 word short story only paid me $35. I did it for feedback. I don't regret that one bit. Mainly because I never had to take that rate again. Generally, I encourage new writers to take one small, short project to get some sort of feedback, but to aim for no less than $1 per 100 words. If you can't write fast, no, ghostwriting probably won't pay enough for you to quit your day job.

Again, this is only for ghostwriting. When it comes to copywriting, well, be prepared to ask for more. A lot more. $50 an hour is a good starting rate, but if you have experience, skills, or a useful degree, you can easily ask for $100 an hour, and even more. I'm just getting my feet wet in the world of copywriting, but check out freelancetowin.com for some tips on making money in that arena. While yes, he does offer a course, I've found his free e-mail tips are extremely helpful in getting started. There are also several free blogs on bidding for copywriting jobs that can also apply to any freelancing.

And no, I'm not getting paid to promote the blog. It's just one of the best resources I've found, and his method is exactly the same as my method. He just explains it better than I can (which is why he makes $100,000 a year on Elance and I make much less than that).

Also, the reason copywriting often pays more is because you're usually working for a business, and businesses budget for marketing and whatnot. They consider it an investment and likely get a decent return on that investment. But clients seeking fiction are often individuals out to make a quick buck. They rarely make as much as a big corporation, and that's just a reality us fiction writers have to face. At least in the beginning.

The best piece of advice I can give you when dealing with a client is this: Remember that you're offering a service to the client. The client isn't doing you a favor by hiring you. It's a mutually beneficial partnership. You do work they obviously need. They pay you. You both get something from it.

When writing your proposal, feel free to mention your hourly rate to explain how you came to your pricing. It's always helpful for a client to see the justification opposed to a random number thrown up there. For instance, you can explain that your rate is $50 an hour and that 10,000 words takes you four hours to write. For that reason, your for X project would be X amount.

One final tip that has less to do with pricing and more to do with getting the job. Always attach a sample that's similar to what the project is asking for. Don't have a sample? Write something up that's similar. If it's a job that you truly want and you believe they're offering a fair rate, having a sample will set you apart from those who don't.

And I'm going to say it. Many of the freelance writers on Elance aren't very good. Many of them can offer bottom dollar prices for shitty quality work. Don't let that discourage you. In fact, it's a good thing. I find that I get almost 100% of the jobs I apply for even when I'm not the lowest bidder on a job. And my clients continually come back to me again and again, often raising my rates and paying me bonuses.  So when there is someone with talent or at least the ability to write somewhat well, they stand out.

Which is exactly what I am doing right now.


Almost makes me not want to share my secret with the rest of you, but too late now, huh? 


***

I just wanted to throw in a quick note here that pricing very much depends on the work you are doing, your experience, and the clients you're working with.

I don't know anything about ghostwriting, but I know as a freelancer for national and local publications, I started by gratefully accepting $50 for an essay or article of about 800 words. Now I won't touch a project like that for less than $150, and I strive to average at least $300 a piece. I am trying to work myself up to $800 - $1,000 a piece. And if you're doing content marketing for a large, money-making business, you can charge even more.

On the other hand, I edited novels for three years for a small publisher for $25 for 20,000 words.

So.

I don't know. Pricing is hard, but never underestimate yourself.

...

Kristen Duvall is a writer of tales both real and make-believe. A Midwestern girl at heart, she now resides in Southern California with her boyfriend, Great Dane, and a rescued calico kitty she lovingly calls the Kiki Monster. She's a full- time writer with one book out now titled Femmes du Chaos.


Thursday, April 10, 2014

Equal Pay Day Controversy

So, Tuesday was equal pay day. For those of you who somehow don't know about this, it represents the day women have to work up to before they've made as much as men made the previous year.

At 77 cents to the dollar, we have to work an extra 98 days.

Anyway, if you want more information about how this came about or what it actually measures, click on the link above, because what I'm doing in this post is taking on these two bullshit questions from this post over here.

Question 1:

Do women go into lower-paying sectors because they prefer them, or because employers discriminate against them? 

I don't know about you, but I don't know too many people in general who look at themselves and think, you know what I'm worth? Very little money.

There are more women in teaching and administrative work than men, and you know what, when asking many of them, they'd say they do enjoy the work. They are where they want to be. Great! Let's pay them more.

The women workforce also has a lot more part-time workers, which apparently messes up the average? They're working part time usually because they have a family at home, right? And daycare is incredibly expensive...more expensive than college.

And having families is something that people do, don't you know. And our society is still set up in such a way where the responsibility usually falls on the woman to care for the child, and if alternate care is used, the woman actually has to be making some money. However, since she only makes 77 cents to a man's dollar, she often saves money by not going to work.

Not to mention that we are constantly saying we need more women in science, yet to be in science you need a PhD and to get a PhD plus some experience, you need to not have kids until about your mid-30s.

In fact Freeman Dyson, the world-renowned mathematical physicist who helped found quantum electrodynamics thinks academia is bunk:

"I’m very proud of not having a Ph.D. I think the Ph.D. system is an abomination. It was invented as a system for educating German professors in the 19th century, and it works well under those conditions. It’s good for a very small number of people who are going to spend their lives being professors. But it has become now a kind of union card that you have to have in order to have a job, whether it’s being a professor or other things, and it’s quite inappropriate for that. It forces people to waste years and years of their lives sort of pretending to do research for which they’re not at all well-suited. In the end, they have this piece of paper which says they’re qualified, but it really doesn’t mean anything. The Ph.D. takes far too long and discourages women from becoming scientists, which I consider a great tragedy. So I have opposed it all my life without any success at all."

Question 2:

Do women stay home with the kids because of cultural norms, or because of the way parental leave policies are set up?

I don't understand this question. I mean, both? First of all, don't kid yourself, we don't have any  parental leave in this country so there is no "way it is set up" because it does not exist. Secondly, yeah, there are definitely cultural norms still in place that need to go away because they are annoying and they make people feel bad. Not to mention that they perpetuate stereotypes that women cannot hold positions of power because "they won't give as much to the company" or women "choose not to make as much" because they "chose to have children."

Okay, well, since we're the only ones who can have children, how about you help us out and not put us through those shitty choices.

The long and short of it is that women are still struggling to be seen as a serious force in the workplace because of outmoded ideas of family, cost of childcare, and doucheheads who think if a woman chose to birth a child, she decided she didn't want to work for a lot of money so she should shut up.

We need future people, right? And to get them to the adult stage, we need to feed them. And if we're going to feed them and teach them healthy things about the world, we deserve a livable wage for doing something we have been trained in.

And if a woman works as hard as a man in her profession, she should make as much money as he does. Period.

As my friend on Facebook said:


" If you are too much of a goddamn pithy simple-minded asshole to see the structural problem with putting a tax on working women of as much as $1000/month per child, there's nothing anyone can say to talk you to a place of reason.

I never want another person coming at me about the "personal choice" of mothers to take low-paying jobs who doesn't have a solution to this nightmare of a decision-making process we put women through."

Pay equity. Because we're effing worth it. And so are our kids.

 

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