May 17, 2012

Handling Your #1 Freelance Fear – Going Broke

The only thing we have to fear is fear itself. ~Franklin D. Roosevelt

Earlier this week, I asked readers to share their freelance fears. As I suspected, most readers fell into one of two camps. Either they feared not being able to pay their bills or not being good enough (which could eventually lead to not being able to pay the bills).

I’ve already written about handling a crisis of confidence recently, so this time I’ll focus on fear of not being able to pay the bills.

Despite what FDR tells us above, this fear is actually very real. It would suck to lose your house or get the heat shut off in the dead of winter. And let’s be honest, we’ve seen it happen to people we know in the last year or so.

What’s a creative freelancer to do? Here’s my $.02.

1. Live below your means. My parents did this, and while I used to roll my eyes at yard sales and coupons, they taught me well. They were not freelancers, but they understood that bad things can happen to good people (and they did). My freelance income is amorphous, so it’s especially important to live frugally.

2. Diversify. I don’t just pen magazine articles. I teach writing and blogging. I write product descriptions and brochures and website copy for small businesses. And if I needed to diversify further, I’d embrace it as a new creative challenge. Of course, diversification also means seeking out a range of clients rather than relying on one or two.

3. Have a healthy savings account. Hopefully you were able to save some cash before leaving your day job like I did. But if the circumstances made this impossible (for instance, you were laid off or had major expenses wipe out your bank balance), you can still get back on track if you commit to saving some money each and every month. Even when you have a steady flow of projects, it doesn’t guarantee a steady flow of money, because invoices get lost, checks get delayed, clients go bankrupt, and so on. That’s why it’s so important!

Freelancers, how do you handle the fear of financial ups and downs? I’d love to hear your tips and tricks!

And while we’re on the topic of Halloween, check out this humorous post by Michelle Rafter on 10 things that scare freelancers.

Flickr photo courtesy of Banana Donuts ~ Half Baked Photography

Open Thread: What Are Your Freelance Fears?

In honor of Halloween this weekend, this week’s open thread focuses on fear. Not those scary feelings you get watching a horror film or walking through a haunted house. But the more practical fears that hold us back in our freelance lives. Like worrying that one day all of our clients will dry up and we’ll be forced to sleep in a cardboard box and burn our beloved magazines to stay warm. Or that our college professor who told us that we had a way with words was totally off the mark.

What are your freelance fears?

I admit that the fear of inadequacy and fear of failing occasionally rear their ulgly heads in my own life. But I try to keep those fears in perspective. And on Friday I’ll post more about working through fears as a freelancer. Leave a comment describing your own fears so I’ll have more fodder for the post!

Flickr photo courtesy of Banana Donuts ~ Half Baked Photography

Guest Post: 5 Things to Do Before Submitting a Magazine Article

By Laurie Pawlik-Kienlen

When I finish writing a magazine article, I usually can’t wait to send it to the editor. “Look what I did! Aren’t I bright and creative?!” But, hard cold experience has taught me that it’s better to put my articles through the paces before I file them as a “fait accompli.”

Here are five things to do before submitting magazine articles to editors…

1. Organize your transcripts or source list. Some editors require transcripts of all phone calls or email correspondence; others want nothing unless they ask for it. Either way, it’s a good idea to have your transcripts or source list finalized before you submit an article. Even if the editor doesn’t require it now, he or she may ask for it later – and there’s nothing worse than scrambling for your source list two or three months after you’ve written an article.

2. Double check your source’s credentials, names, and organizations. Misspelling a source’s name, getting the credentials wrong, or placing them with the wrong organization not only makes you look sloppy, it annoys the source and the magazine’s readers – which aggravates the editor.Make double (or triple) sure that you’re referring to your sources and experts accurately.

3. Browse the magazine or website. Yesterday I submitted an article to an editor I’ve never worked with before. But before I sent the article – and when I was halfway through writing it – I spent half an hour reading the articles on the publication’s website. This gave me a feel for the content and style of the writing. The more I “fit in” to what already exists, the easier the editor’s job is…and the more likely she’ll hire me again.

4. Edit with different hats on. Do a full edit with your “grammar teacher’s” hat on. Then, do an edit with your “copywriter’s” hat on. Don’t forget to edit with your “assigning editor’s” hat on (I often compare my assignment sheet with my article, to make sure I’ve met his or her criteria). For more editing tips, read Editing Help – it’s my most recent article about editing, based on an amazing new resource for writing that I just found.

5. Sleep on it. After I sent Susan my last guest post – 5 Commonly Misused Words and Phrases – I had to make two or three changes after she published it. This created extra work for her and made me feel foolish. I didn’t sleep on that post, fellow scribes. Stephen King recommends letting your writing sit for six weeks, but most magazine writers don’t have the luxury of that much time! Before you submit an article, let it “gel” for at least one night…preferably three or four.

If you have any questions or thoughts on what to do before submitting an article, please comment below!

Laurie Pawlik-Kienlen is a full-time writer and blogger who created and maintains a series of Quips and Tips blogs: Quips and Tips for Successful Writers, Quips and Tips for Achieving Your Goals, and Quips and Tips for Couples Coping With Infertility. She’s also the Feature Writer for Psychology Suite101.

5 Must-Read Posts for Writers

Lately my RSS feed has been overflowing with so many posts that I can scarcely keep up. So today I thought I’d share of the best posts from the past week. Enjoy!

  1. Are you a freelance writer or a journalist entrepreneur?: In this thought-provoking post, Michelle Rafter asks readers what’s in a name? It’s more a timely discussion of a topic I brought up on my this blog last year.
  2. The internet has created a new generation of great writers: I’m sick of hearing how Gen Yers can’t write, and in this post Penelope Trunk eloquently disputes that myth, showing how the web and social networking have actually improved writing skills.
  3. The Writer’s Best Friend? The Delete Key: In this post, NYT bestselling author Allison Winn Scotch explains why good writers are ruthless self-editors.
  4. DIY Publishing: What’s Worth Paying For?: Maria Schneider helps writers decide where to spend their money on self-publishing (hint: it’s not where publishers tell you to spend it).
  5. How to Be the Cool Kid (Even if You Weren’t One in High School): With his usual dose of wit and humor, James Chartrand tells bloggers that the secret to being cool is not trying so hard (among other things).

What posts have you enjoyed recently?