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By eWritingPad Staff Writer
If you are a copywriter, no doubt you know that it is a struggle to figure out how much you should charge for your work. In this article, we will look at how much you can make as a copywriter and what you should charge as a freelancer.
If you are employed by someone else as a copywriter, you will probably be paid a salary. However, as a freelancer, you have to set your own fees. These fees will depend on your expertise and how you sell yourself. In 2005, most copywriters earned about $60,000 plus bonuses, according to Advertising Age. You can find the original quote at: http://www.collegeboard.com.
So what should you charge as a freelancer if you are a copywriter? That depends, and it also depends on what you like to do. Some people charge per project, some people charge per hour. As an example, figures taken from a study done in 2005 state that most freelancers charged between $1000 and $2000 for a sales letter meant to generate fees. For more information on this, go to: http://www.excessvoice.com/copyfees.htm.
Another example of copywriting you might do is to write someone's web site home page copy. For this, you probably charge between $300 and $400. It is a very good profession to get into, as roughly 30 to 35% of people earned about $50,000-$100,000 a year in gross income. If this surprises you, it might mean that you are undercharging for your services, which could immediately boost your income effortlessly, without having to work any harder.
The above figures are based upon an average taken from a copywriters' survey, so if you specialize in a particular area, it's very likely that you can charge more than they do, depending on what the market will bear out. This means that your income could even be greater than the figures quoted. If you take the time to learn more in your field and develop experience within a particular niche, this can give you a competitive edge and allow you to charge more for your services.
I hope that the information here can help you figure out what rates you should charge. For more information on this and other types of writing, look up the surveys provided under the links above.
The rates listed here were median rates charged in 2005. Of course, you might charge substantially more, given your experience, as well as the cost-of-living increase for the year 2007. Keep abreast of rates charged within particular markets so that you know you are charging enough and are not shortchanging yourself. You should charge rates for your services that fit in nicely with what the market will support, as well as how willing you are to sell yourself.
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