Inkwell Editorial Blog
Home
Increase Your Income!

Freelance
Writers' Series
Success Stories
A Day in the Life of ...
Freelancing Abroad
Best, Worst, Etc. Job

Career & Business Development Help
Work-at-Home Ebooks
Editorial Article Bank
Small Biz Center
Editorial Career Center

Google
Web InkwellEditorial.com

How Many Regular Clients Should You Have as a Freelance Writer?
by Nick Usborne

This is a tough question for every freelance writer. For me, the worst working scenario is when a few weeks go by and all my work comprises one-off jobs for small clients who never become repeat customers. It takes a lot of time finding and developing each new client. That means lots of unbillable hours.

My best scenario is to have three to five repeat clients I can pretty much depend on for work each month. Plus one or two new clients who may or may not turn into repeat customers.

That way, if you lose one repeat client, you're not in big trouble. You have your other regular clients, plus some more prospects in the 'hopper'.

The two danger scenarios: It is dangerous for you when you have too few clients.

I found myself in this situation a couple of years ago. I had one client that was worth over $10,000 a month to me. The result was that they took up a lot of my time and I found myself with very little free time to develop new clients. I had other work, but this one client took up a significant proportion of my time.

And yes, one day I got that phone call and, due to a change in management, I ended up losing their business. Suddenly I had a big hole in my income and it took me quite some time to fill it up again.

Should I have declined the one large client? I don't think so. Not for that kind of money, month after month. But I was always aware of the danger I was in.

The other danger scenario is when you have too many small clients, and too few are repeat clients. As I mentioned above, multiple one-time clients eat into your billable hours.

You need to be honest with yourself about the profitability of each job and client. Every client and every job you do results in time spent on administration, accounting, email and phone calls. Not to mention the time and expense involved in finding that client and job in the first place.

Aim for the perfect balance: You'll be lucky if you can do it all the time, but if you can work with a handful of good, repeat customers, that's the best position to be in.

If you have too few clients and don't have the time to develop new ones, take that as a danger signal. You could suddenly lose a big chunk of your income.

If you have too many one-time clients, take that as a danger signal too. You may be working long hours, but not billing a high enough proportion of those hours.

Can we always sustain the perfect balance? No, but we can try.

About The Author:  Nick Usborne is the author of Net Words. He has been a copywriter for over 20 years and is also a consultant and speaker. In addition, he has written hundreds of articles over the years on a variety of subjects, including writing for the web and building a small business. His book, has been the top-selling book on writing for the web for most of the time since its publication in 2001. To order, click here. Copyright Notice: All material on this site is copyrighted. Copyrights are retained by original authors. All rights reserved. Please contact the author for permission to reprint, reuse and/or duplicate in any manner.

Did you find this article helpful? Recommend it to a friend!

Email:
info@InkwellEditorial.com

 

©1996-2006 Inkwell Editorial, Inc.