Wall 1 | 5 Freelance Writer
Nov 14, 2013 | #1
Assuming I make 20K (USD) a year as an individual freelance writer, how much should I spend on paid advertising? 5%, 10%, 20%, 30%? Last year I spent about 5% (1K) and made 4K more than in the year I didn't advertise.
ROI = [(Payback - Investment)/Investment)]*100
So my return on investment was (4K-1K) / 1K=300%? Is my calculation correct? How much more should I spend not to overpay? Would spending 20% bring much more return?
I don't have a website and use my business name / email only. I do a small email marketing campaign with an agency working with students and buy other ads directly from websites. I don't use Google ads (too expensive for small players).
ROI = [(Payback - Investment)/Investment)]*100
So my return on investment was (4K-1K) / 1K=300%? Is my calculation correct? How much more should I spend not to overpay? Would spending 20% bring much more return?
I don't have a website and use my business name / email only. I do a small email marketing campaign with an agency working with students and buy other ads directly from websites. I don't use Google ads (too expensive for small players).

I've done both and definitely prefer this. When I worked for the government, I was up at 5:30 or 6:00 AM Mon-Fri and usually at my desk by 6:50 or 7:00. It was up to me when to come in, but I had to be there 8.5 hours and needed to leave by 3:15 or 3:30 to beat the traffic going home...or to get a full workout at the Federal Building gym and still get home in time to have some down time before rushing to go to bed to get 7 or 8 hours of sleep. After 5 days of that, I was totally wiped out and still had to spend one day of most weekends running errands like food shopping or dry cleaning, etc. It felt like I did nothing in my life but work and get ready to work again. The actual work was much easier and less intensive than this work and I never felt the least bit of pressure to make deadlines. Doing this, I sometimes have to go right from one deadline into another and often have to drop what I'm doing to squeeze in emergencies and then get right back to what I was already working on, especially during the busy seasons.