If you want to make $100,000 a year as a freelancer then you must average $50/hour (assuming you work 40 hours/week and take 2 weeks of unpaid vacation a year).
$50 an hour.
That sounds doable, right?
I mean some copywriters make well over $100/hour so you should be able to manage $50, right?
You can. If you learn to take control of your time!
Learning how to invest your time wisely is one of the most important skills you can develop as a freelancer.
For example, let’s say you book a $5,000 copywriting job. If you stay focused and get it done in 50 hours then you made $100/hour, right?
If you get distracted and it takes you 25 more hours then your hourly rate just got bumped down to $66/hour. Ouch!
Last year I decided to move away from working with clients who only had one-off projects to clients who had monthly ongoing needs.
My thinking was that this was the best way to predictable monthly income. And that’s turned out to be true.
Right now I’m making 81% of my income from clients who I’m working with on a monthly basis. And I love it.
It has definitely not been an easy road though. Like I said, I made this decision last year and after a lot of trial and error I finally feel like I’m hitting my stride here.
It’s a good reminder that even though we usually don’t know how our goals will come to pass, it’s still important to set, and pursue, them.
OK… enough motivational talk. Let me tell you how I got these clients because that’s what you really want to know, right?