Multiple Eggs, Multiple Baskets: Building a Stronger Writing Business
Recently I read an anxious post by a fellow copywriter on a writers’ forum. She was relatively new to the business but had done well enough for herself by landing a steady stream of work from a fairly deep-pocketed corporate client. Unfortunately, she wrote, that stream appeared to be drying up into a trickle. She assumed she could find another sugar daddy somewhere, but where — and how?
This writer suffers from a mistake that many of us make, whether we write for a living or not. It’s called putting all your eggs in one basket, and it isn’t a good spot to be in. I know, because I’ve been there.
When I first launched my freelance writing career, I knew a little about writing but not much about how to run a writing business. I had two major clients who called me every once in a while and supplied me with enough work to pay my rent and (some of) my bills. It was a tenuous existence at best, but I was just happy to have any kind of freelance work at all. And it was so easy! All I had to do was sit around and wait for the phone to ring.
You can predict the next twist in the plot. One of my big clients decided to take the work I’d been doing in house, and the other went totally silent — I later learned that it had pulled out of town altogether without bothering to let me know. Instead of sitting around waiting for the phone to ring, I suddenly found myself just sitting around, which doesn’t pay terribly well.
So for any fellow freelance writers or other contractors out there, here are some tips for keeping abject poverty at bay:
Multiple eggs. It’s great to niche yourself so that your target market can zero in on your services and vice versa, but build some versatility into your offerings as well. You might want to learn how to work in multiple formats so you can create a press release, two-column video script or whatever else a client might need with equal ease. Or you could establish yourself as a generalist who can write on every conceivable subject from eyebrow tweezing to rocket science.
Multiple baskets. Build your clientele through a variety of channels, including online ads, a well-optimized Web presence, active participation on social media sites and face-to-face networking. Always play the “who do you know” game by asking your current clients and networking buddies for referrals. Make an effort to help others in the same way. Plug into the community and let it work for you.
Whatever you do, don’t wait until that stream has become a trickle. Whether you’re a freelancer or some other small business trying to remain strong, work on your eggs and egg baskets right now — and you’ll never find yourself without an omelet cooking on the stove.
For more about my writing services and current package deals, check out my website at www.reynoldswriting.com.