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6/13/14 
1 
Is 
Freelancing 
Right 
for 
You? 
Prepared 
for 
the 
Na2onal 
Press 
Club 
Journalism 
Ins2tute 
Who 
am 
I? 
• Katherine 
Reynolds 
Lewis 
• 20 
years 
of 
journalism 
experience 
• Was 
on 
staff 
of 
Bond 
Buyer, 
Bloomberg, 
Newhouse 
• Full-­‐2me 
independent 
journalist 
Nov 
2008-­‐present 
• Steady 
wri2ng 
clients: 
About.com, 
Federal 
Computer 
Week, 
Fortune, 
USA 
Today's 
magazine 
group, 
Working 
Mother 
• Other 
freelance 
bylines 
in 
Bankrate.com, 
Bloomberg 
Businessweek, 
Consumer 
Digest, 
Money, 
Msn.com, 
New 
York 
Times, 
Parade, 
Slate, 
Washington 
Post 
• Edit 
and 
ghostwrite 
for 
nonprofits, 
small 
businesses 
Who 
are 
you? 
• Employment 
status? 
(Full-­‐2me 
employed 
– 
part-­‐2me 
employed 
– 
looking 
for 
work) 
• Freelance 
experience? 
(Freelanced 
in 
past 
– 
Freelancing 
now) 
• Freelance 
hopes? 
(Part-­‐2me 
/ 
on 
the 
side 
– 
goal 
to 
freelance 
full 
2me) 
Secret 
to 
Freelance 
Success 
Clarity 
• Understand 
why 
you're 
taking 
on 
any 
given 
project 
or 
client 
• Pay 
-­‐ 
Pres2ge 
-­‐ 
Personal 
fulfillment 
• Keep 
that 
mo2ve 
in 
forefront 
of 
your 
mind 
• It’s 
business, 
not 
personal
6/13/14 
2 
Common 
Questions 
• How 
to 
find 
clients? 
• How 
much 
to 
charge? 
• How 
to 
protect 
yourself? 
The 
Anchor 
Client 
• Wri2ng 
a 
newslecer 
or 
column. 
• Part-­‐2me 
edi2ng 
or 
produc2on 
work. 
• Part-­‐2me 
non-­‐journalism 
work 
(recep2onist, 
security 
guard, 
bartender). 
• A 
regular 
blogging 
gig. 
• Contribu2ng 
editor 
posi2on 
or 
wri2ng 
contract 
that 
guarantees 
a 
certain 
monthly 
income. 
• A 
book 
contract 
with 
a 
generous 
advance. 
• To 
get 
you 
started: 
a 
spouse 
with 
a 
steady 
job, 
a 
severance 
package 
or 
a 
savings 
cushion. 
• A 
grant, 
fellowship 
or 
Kickstarter 
campaign. 
Setting 
Your 
Rate 
• Calculate 
and 
s2ck 
to 
your 
hourly 
rate 
or 
range 
• Can 
shid 
for 
project’s 
pres2ge/personal 
fulfillment 
• Es2mate 
the 
hours 
needed 
and 
track 
your 
work 
on 
• Use 
the 
new 
client 
checklist 
for 
an 
accurate 
es2mate 
• Stop 
working 
when 
you’ve 
hit 
the 
budgeted 
2me 
• The 
first 
rate 
is 
usually 
the 
final 
rate 
• Don’t 
be 
distracted 
by 
the 
per 
word 
rate 
• Never 
name 
a 
rate 
over 
the 
phone 
– 
give 
a 
proposal 
How 
to 
Calculate 
Your 
Rate 
• 48 
work 
weeks 
in 
a 
year 
• 40 
work 
hours 
in 
a 
week 
• 1920 
work 
hours 
in 
a 
year 
• Assume 
30% 
on 
marke2ng, 
networking, 
professional 
development, 
keeping 
records 
• 1344 
hours 
remaining 
• 112 
hours 
in 
a 
month 
• 28 
hours 
a 
week 
for 
revenue 
genera2ng 
work 
• For 
a 
gross 
income 
of 
$50,000, 
bill 
at 
least 
$37.20 
/hr 
• For 
a 
gross 
income 
of 
$75,000, 
bill 
at 
least 
$55.80 
/hr 
• For 
a 
gross 
income 
of 
$100,000, 
bill 
at 
least 
$74.40 
/ 
hr 
• For 
a 
gross 
income 
of 
$150,000, 
bill 
at 
least 
$111.60 
/ 
hr
6/13/14 
3 
Looks 
Good? 
Remember: 
• Assump2ons: 
• no 
down 
2me 
during 
your 
work 
week 
• marke2ng 
consumes 
the 
assumed 
amount 
of 
2me 
• your 
clients 
pay 
on 
2me 
and 
in 
full 
• Taxes, 
overhead, 
health 
insurance, 
re2rement! 
• That 
gross 
income 
must 
stretch 
farther 
than 
a 
salary 
you 
would 
earn 
as 
an 
employee. 
Turning 
Down 
Work 
• Oden 
the 
best 
move 
for 
freelance 
success 
• Stay 
off 
the 
slow 
hamster 
wheel! 
Spend 
your 
2me 
pitching 
and 
marke2ng 
• Bad 
clients 
= 
low 
pay, 
high 
maintenance, 
unreliable, 
unfavorable 
contract 
terms. 
Everything 
Is 
Negotiable 
• Ask 
for 
more 
money 
• Ask 
for 
more 
2me 
• Ask 
for 
more 
rights 
• Ask 
for 
more 
work 
• Ask 
nicely! 
Protecting 
Yourself 
• Get 
it 
in 
wri2ng 
• Work 
through 
referrals 
• Understand 
basic 
copyright 
terms, 
libel 
risks
6/13/14 
4 
A 
Word 
About 
Rights 
• I’m 
not 
a 
lawyer 
– 
this 
isn’t 
legal 
advice 
• Red 
flag 
1: 
work 
for 
hire 
• Red 
flag 
2: 
indemnify 
• Dream 
big! 
Could 
this 
be 
your 
Argo? 
Managing 
Yourself 
• This 
is 
the 
hardest 
part 
of 
freelancing. 
• Find 
networks 
of 
support. 
Be 
generous 
• Get 
out 
of 
your 
home 
office. 
• Con2nually 
seek 
more 
work 
from 
best 
clients. 
• Take 
two 
hours 
each 
week 
to 
career 
plan. 
Any 
Questions? 
• 301-­‐767-­‐9830 
• Katherine@KatherineRLewis.com 
• @KatherineLewis 
• www.facebook.com/KatherineRLewis

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Katherine Reynolds Lewis slides on freelance writing success for National Press Club bootcamp June 2014

  • 1. 6/13/14 1 Is Freelancing Right for You? Prepared for the Na2onal Press Club Journalism Ins2tute Who am I? • Katherine Reynolds Lewis • 20 years of journalism experience • Was on staff of Bond Buyer, Bloomberg, Newhouse • Full-­‐2me independent journalist Nov 2008-­‐present • Steady wri2ng clients: About.com, Federal Computer Week, Fortune, USA Today's magazine group, Working Mother • Other freelance bylines in Bankrate.com, Bloomberg Businessweek, Consumer Digest, Money, Msn.com, New York Times, Parade, Slate, Washington Post • Edit and ghostwrite for nonprofits, small businesses Who are you? • Employment status? (Full-­‐2me employed – part-­‐2me employed – looking for work) • Freelance experience? (Freelanced in past – Freelancing now) • Freelance hopes? (Part-­‐2me / on the side – goal to freelance full 2me) Secret to Freelance Success Clarity • Understand why you're taking on any given project or client • Pay -­‐ Pres2ge -­‐ Personal fulfillment • Keep that mo2ve in forefront of your mind • It’s business, not personal
  • 2. 6/13/14 2 Common Questions • How to find clients? • How much to charge? • How to protect yourself? The Anchor Client • Wri2ng a newslecer or column. • Part-­‐2me edi2ng or produc2on work. • Part-­‐2me non-­‐journalism work (recep2onist, security guard, bartender). • A regular blogging gig. • Contribu2ng editor posi2on or wri2ng contract that guarantees a certain monthly income. • A book contract with a generous advance. • To get you started: a spouse with a steady job, a severance package or a savings cushion. • A grant, fellowship or Kickstarter campaign. Setting Your Rate • Calculate and s2ck to your hourly rate or range • Can shid for project’s pres2ge/personal fulfillment • Es2mate the hours needed and track your work on • Use the new client checklist for an accurate es2mate • Stop working when you’ve hit the budgeted 2me • The first rate is usually the final rate • Don’t be distracted by the per word rate • Never name a rate over the phone – give a proposal How to Calculate Your Rate • 48 work weeks in a year • 40 work hours in a week • 1920 work hours in a year • Assume 30% on marke2ng, networking, professional development, keeping records • 1344 hours remaining • 112 hours in a month • 28 hours a week for revenue genera2ng work • For a gross income of $50,000, bill at least $37.20 /hr • For a gross income of $75,000, bill at least $55.80 /hr • For a gross income of $100,000, bill at least $74.40 / hr • For a gross income of $150,000, bill at least $111.60 / hr
  • 3. 6/13/14 3 Looks Good? Remember: • Assump2ons: • no down 2me during your work week • marke2ng consumes the assumed amount of 2me • your clients pay on 2me and in full • Taxes, overhead, health insurance, re2rement! • That gross income must stretch farther than a salary you would earn as an employee. Turning Down Work • Oden the best move for freelance success • Stay off the slow hamster wheel! Spend your 2me pitching and marke2ng • Bad clients = low pay, high maintenance, unreliable, unfavorable contract terms. Everything Is Negotiable • Ask for more money • Ask for more 2me • Ask for more rights • Ask for more work • Ask nicely! Protecting Yourself • Get it in wri2ng • Work through referrals • Understand basic copyright terms, libel risks
  • 4. 6/13/14 4 A Word About Rights • I’m not a lawyer – this isn’t legal advice • Red flag 1: work for hire • Red flag 2: indemnify • Dream big! Could this be your Argo? Managing Yourself • This is the hardest part of freelancing. • Find networks of support. Be generous • Get out of your home office. • Con2nually seek more work from best clients. • Take two hours each week to career plan. Any Questions? • 301-­‐767-­‐9830 • Katherine@KatherineRLewis.com • @KatherineLewis • www.facebook.com/KatherineRLewis