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Freelance Income Report January 2017

 

freelance income report

Well, as you may have seen in my announcement post, I am leaving corporate to pursue my writing business full time!

I just can’t tell you how good this feels to be pursuing my actual passions in a full-on way. To be writing…to be writing about fitness! To be writing from home! To be steps away from my daughter! Gah!

Each day, I just feel more grateful for this decision.

Sure, it’s scary, but not as scary as you would think!

Partly because I completely trust the numbers I’m getting and the strategy I’m playing. Like I said in my announcement post, it’s all just a numbers game. The more pitches you send out, the more contracts you’ll get. Simple.

If you’d like to read a little more about How To Prepare for Freelancing Full-Time, you can also read my interview at Horkey Handbook.

Anyhow, on to what you came here for…

 

So, the grand total for freelancing in January 2017:

 

$4,059

 

You can see how well this is working, right?

Let me just remind you, this number came from doing work in my SPARE time!

I diligently plugged away from 8-9pm, sometimes longer, at night after the kiddos go to bed and on weekends during nap-time.

Imagine what will happen when I can dedicate all of my working hours to this business! (And them go to bed on time).

But then…I noticed something even more amazing when I did the math.

If you combine my freelance income with my corporate income for January (which I’m going to be very vague about to protect sensitive information), let’s just say it’s the closest I’ve ever come to earning FIVE figures in ONE MONTH!

Like, if I would’ve tried just a tiny bit harder, I could’ve done it!

That looks a little like some kind of cheesy spam headline, doesn’t it? Learn how to earn five figures in one month just in your spare time!

One of those headlines that sounds totally unbelievable.

But in this case, it just about happened.

I will say though that this month included bonuses both from one freelance client and from my corporate job. So to be fair, it’s not a “normal” month.

A quick look at expenses:

  • $172 for insurance
  • $10 for Mailchimp

I also purchased a monthly coaching membership for $49. As you can see, I still haven’t had to spend much for this little biz of mine. Neither do you.

 

By the way, You may have noticed that I didn’t report my income for December. It just wasn’t very exciting like this month was. I was awaiting payment from several people at the end of the month and didn’t get it, so my numbers seemed low. But the total came in at a solid $1250. Not too shabby for “spare time” working either, is it?

I’m just so flipping excited!

 

So, tell me…

What are you flipping excited about right now? If you could pick my brain about this process, what would you ask me?

Freelance Income Report November 2016

freelance-income-report

Here I am finishing up my second official month of freelance writing. And since income reports appear to be a hit, I will continue them.

And although it’s a bit early in my journey, I can already tell you a few things for certain:

  1. The work you get each month depends on how much you hustle and pitch the month before.
  2. If you don’t have any more hours in the day to work, you probably will level off at some point.
  3. There’s a way around #2. You need to demand higher rates and/or also leverage and diversify your income. What I mean by that is, you need to have other things for sale that doesn’t just trade your time for money. I’m experimenting with this right now.

So, before I go any further, my freelance writing income for November was…

$1650

 

Not a bad chunk of extra change right before Christmas, eh?

Remember my income from October’s freelance report was $1385. So, it went up a little: 19% if I did my math correctly.

Part of the reason I got a bit more than last month was that I had some “vacation” time from my corporate job so I was able to dedicate several full days to my freelance work.

Expenses:

My expenses were pretty trivial, unless you count the $277 I spent on a business coaching package. But actually, I used my own spending money I’ve been saving up for that, so I don’t really know if that counts.

I also have the cost to maintain my site, but I paid that in full for two years several months back. I don’t divide it out by month, I just pay it when it’s due.

 

Freelance writing jobs I’m working on:

  1. Writing copy for a fitness app
  2. Product copy for snowboard equipment
  3. A paid post on Make A Living Writing

I was working for several of the same clients as last month as the projects are ongoing for now.

 

My predictions for next month:

  • December should be roughly about the same.
  • I only have a little PTO left, so I don’t have many more full days in December to work.
  • I didn’t send out as many pitches in Nov to make Dec bigger. It’s a numbers game.
  • My fitness app job comes to an end in December, so I’ll need to hustle again to bring in some work for January.
  • And it’s Christmas. I don’t intend to spread myself too thin this month as we settle peacefully into this starry-eyed season.

 

If you’re getting started on your own freelance journey, I’ve got some must-read articles for you:

 

I have many more up my sleeve for the future too, so be sure you subscribe so you don’t miss them! And I plan on doing more of these income reports as well. So, if you enjoy seeing the cold, hard warm, fulfilling truth then stick around;)

 

So tell me…

What other freelance writing/biz topics would you love to hear more about?

Would you be interested to see how I track my income (it’s very low-tech)?