ClearView Writing

When you start out freelance writing you will find for the majority of the work you will get paid in a lump sum for each piece of work. As you find yourself with repeat and loyal customers however some of the more business smart may offer you a percentage.

By taking a percentage you are generally not guaranteed any payment, you are however in a position to receive a much larger sum of money over a longer period of time. By choosing to take payment from percentage of profit (Usually before tax) you are giving both you and your employer access to several benefits.

First off - No risk to the buyer.

The buyer will have little or no risk attached to the deal, it will not cost him anything in the short term so if it works he will make a profit, if it fails he has lost nothing

The writer will gain a long term residual income.

When a writer signs up to one of these deals he will be looking at a possible source of income for the remainder of his or her life, usual many multiples greater than the amount he would have been paid in a one off settlement.

Motivation

Since the writers income is increased by his own work the chances are he will work harder and better. This means more money for both the writer and the buyer! By providing work on percentage commission you are helping to guarantee the quality of your work, and ensuring it’s profitability.

The downside is of course the contract, make sure it is WATERTIGHT. Ensure that a decent contract is in place to protect you and keep on top of the employer if he tries to delay payments. Make sure you receive relevant proof with each payment and check on occasions to make sure you are receiving the correct amount.

Apart from the contract though writing for a percentage is a great way to earn long term money. Keep on improving that portfolio and pretty soon you could have a fantastic residual income at your disposal.