Offshoot from the $3000 thread-reasonable price for new copywriter

10 replies
Okay I posed this question on another thread, but got no response so I decided to make it it's own thread. I'd like to start offering copywriting as a service, but I don't have a large portfolio. What is a reasonable rate for me to charge?
#copywriter #offshoot #price #threadreasonable
  • Profile picture of the author colmodwyer
    One good rule of thumb is to charge what you're worth.

    However, that's for the market to decide. So if you're looking for a specific amount, you won't get one here... Well you might, but it'll probably be wrong.

    Colm
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  • Profile picture of the author Collette
    Deanna, you charge what you need to make/what your market will bear.

    For example, local copywriters in New York or LA get paid a slightly higher rate than a local copywriter in, say, rural New Jersey. Depending on where you are, what's "reasonable" in one part of the country may seem "underpriced" or "outrageous" in another.

    And, at the entry level end of the scale, you're going to be competing against outsourcers and part-time dabblers who just want to make enough each week to afford a babysitter for date night.

    So, trying to price yourself against anyone else is pointless. You have no idea of their skill level, their motivation, their drive, or their expertise.

    You do, however, know these things about yourself. And that is where you should start. Figure out what YOU want/need to make per annum, and do the math backwards from there.

    As far as an actual $$-figure - it's all over the map. I've seen people in my local market advertising themselves as a "copywriter" and charging as little as $12/hr. Unfortunately, the quality of their "copywriting" reflects their price point. There are also a couple of copywriters in my local market charging - and getting - $500/hr for a consultation.

    If you're in a market that understands the value of a copywriter (or even understands what copywriting is) you'll have less trouble getting started. Assuming you can show some chops.

    Portfolio is also less of an issue in a local market. If you know your stuff and can talk intelligently about marketing and selling, you simply need to start networking and selling your services.

    Getting a portfolio together is less of a barrier to entry that most people think it is. Pick a few businesses you geniunely think you could do a good job for, and offer to work for free. Do what advertising students do, and put together a spec portfolio. Pick a product from Clickbank and rewrite the letter. Put up a website that sells something and write your own copy. There are lots of ways to get it done.

    Focus less on the wall, and more about the different ways you can get to the other side of it.

    Now, I'm assuming that when you say "copywriter", you mean "writer of words that convince buyers and generate sales". So... If you're trying to strike out as a copywriter, your first client is YOU.

    Treat your business as you would a client's business. If someone came to you with your problem, how would you advise them? What solutions would you suggest to help them attract attention, get clients, increase revenue, and reduce their advertising costs?

    If you can do this for YOU, you can do it for someone else.

    If you can't then, frankly - you're not a copywriter.

    You may be a content writer, a technical writer, an SEO writer, a features writer, an e-book writer, or some other kind of "copy" writer. You may even be a writer who "writes copy", as in "content for websites" copy.

    Believe me when I say that there are thousands of copy writers who are making a very good living writing stuff that isn't "sales" copy. Technical writers, for example get paid EXTREMELY well to take complex stuff and make it understandable for John Q. Public.

    And there are hundreds of very competent copywriters who began as generalists, learning the nuts and bolts of marketing, sales, and the craft of writing sales copy over the years, before they decided they were "copywriters". And got paid accordingly.

    Hope this helps.
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    • Profile picture of the author Collette
      Originally Posted by Collette View Post

      Deanna, you charge what you need to make/what your market will bear...

      ...So, trying to price yourself against anyone else is pointless. You have no idea of their skill level, their motivation, their drive, or their expertise.

      You do, however, know these things about yourself. And that is where you should start. Figure out what YOU want/need to make per annum, and do the math backwards from there...
      Just wanted to amend my post a tad to comment on the excellent points Alex and Hugh brought up.

      When I say "do the math backwards from there", I didn't mean to imply that you should attach an arbitrary or unrealistic price structure to your services.

      Yes, you need to decide how much you want to make per annum. But you also need to be realistic about whether or not you can - at present - provide that degree of value.

      To state the obvious: If you can't provide $100/hr worth of value, you shouldn't be charging $100/hr. Or whatever.

      You do need to place a value on your services from the very beginning. And whether that value translates to actual dollars, or whether that value translates to a learning experience or an opportunity to build your portfolio and/or prove your stated value, is something only you can decide.

      So, if you'd LIKE to get to the point where you can legitimately bring $100/hr or $500/hr or a $1,000 an hr worth of value to the table, start where you are now - and then work like hell to become as valuable as you want to be.

      I started charging $25/hr. Within 2 weeks, I had quickly figured out that I was underpricing myself, and raised it to $35/hr.

      Six months later, I clued in on the concept of "project quote" vs "hourly wage", and dropped the hourly altogether. During those six months, I wrote anything and everything that came my way. I also picked up my first long-copy sales letter for $500.

      Because I was still virtually clueless, it was an enormous learning curve. Basically, I was typing with one hand while turning the pages of various learning materials with the other. I read until my eyeballs bled. And I probably wound up working for less than minimum wage, when all was said and done.

      But I learned a hell of a lot during the process and - most importantly - my client didn't have to pay for MY education. The resulting letter decimated their previous version and became their new control.

      My next letter was $1,500, because I could now PROVE the value I could bring.

      Then I got a referral (out of the blue) from another copywriter who passed on a client he could no longer serve. That turned into a $3,000/month retainer.

      Two months later, I met a Big Gun copywriter who looked at my (by now) decent portfolio, and told me I should be getting 3X the retainer I was getting.

      And so on...

      The key takeaway here is that I NEVER overpromised a client, and I ALWAYS tried to overdeliver. Even if it meant I ended up working for minimum wage. :p

      And I've NEVER stopped learning.
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  • Profile picture of the author Alex Cohen
    Originally Posted by deannatroupe View Post

    Okay I posed this question on another thread, but got no response so I decided to make it it's own thread. I'd like to start offering copywriting as a service, but I don't have a large portfolio. What is a reasonable rate for me to charge?
    Deanna,

    Think in terms of value.

    In any given situation, communicate to the potential client how much value you bring to the table. And set your fee accordingly.

    This strategy doesn't work with price shoppers. It only works with clients who appreciate value.

    Alex
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    • Profile picture of the author Ronak Shah
      Originally Posted by Alex Cohen View Post

      Deanna,

      Think in terms of value.

      In any given situation, communicate to the potential client how much value you bring to the table. And set your fee accordingly.

      This strategy doesn't work with price shoppers. It only works with clients who appreciate value.

      Alex
      And who have the cash to spend it as well..

      You have to define your target market well enough even before you start marketing your copywriting services.

      I second Collete's reference to Peter Bowerman's The Well-Fed Writer book & ebook. Read it. Thoroughly.

      $1000 is the normal minimum fee per sales letter though there are copywriters who charge less than that.

      I'll tell you.. DO WHATEVER IT TAKES TO BUILD A STRONG PORTFOLIO.

      What matters to you is repeat business so if you've to charge a lower price, do it.

      Get started. Don't waste time thinking. Start doing.
      Signature
      I AM YOUR Direct Response Ninja Kick-Ass Sales Copywriter.

      Now, Here's The REAL DEAL:
      Either I make YOU at least 10 times of what I charge YOU OR
      I'll Write YOUR Sales Copy AGAIN Till YOU Make MUCH MORE Than THAT. Guaranteed*.
      *Terms & Conditions Apply. Email me at ronak[at]ronakshah[dot]name right now.
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      • Profile picture of the author stumblerum
        Work backwards.

        If you want 50k per year and think you can get 1 job per week, then your job should be charged at $1000.

        But seriously, as a copywriter you should know that price point is only a very minor piece of marketing a service.
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        • Profile picture of the author Hugh Thyer
          Deanna,

          Do you have a sales background? Have you done door to door or telemarketing? The question is not how much you can charge, but how good a job can you do? There are members here who have sales backgrounds and have got good money quickly as a copywriter, simply because they've transferred their skills across.

          Why not put up a WSO for genuine takers. If you think you can improve someone's response rate then have a shot. If you do it then you're a hero and you'll be able to charge good money. If you fail then get to work learning more.

          Hugh
          Signature

          Ever wondered how copywriters work with their clients? I've answered that very question in detail-> www.salescomefirst.com
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  • Profile picture of the author writeright
    Originally Posted by deannatroupe View Post

    I don't have a large portfolio. What is a reasonable rate for me to charge?
    It's not about a "large" portfolio, but more about what's in it. No one wants to see a portfolio with irrelevant work piled up one after another making it a bulky one, but one which has relevant samples of work that will interest the buyer. Once you have convinced the client with your work example, then you can demand what your time is worth. Always account how much happiness it would bring you than how much x or y is charging for that work. Remember, the first one who charged for the work didn't have an example or a ball park figure. He should have figured it through two factors:

    1. What would be his Quality output.
    2. What's his time worth.

    Cheers!

    Aravind
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  • Profile picture of the author mktgpro21202
    You need to start with the end number first. How many jobs can you do per month? How much is your goal per month? Take those two numbers, and you got your answer.

    If you charge too little, you will have to sell much more of your services. If you charge too much, you will have trouble justifying your fees to your clients with no experience.

    The more you charge, the fewer customers you need to reach your goal.
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  • Profile picture of the author deannatroupe
    I just wanted to stop in and thank everyone for their useful comments. You've given me something to seriously think about and put into action.
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