Monday, January 01, 2007

2006 in review

2006 is history. So, how'd I do?

66 acceptances. 31 rejections and/or non-acceptances. (Non-acceptances include lost ms., non-responses, etc.)

I became a full-time freelancer on April 1, 2003. My total gross income from freelancing in 2006--my third full calendar year as a full-time freelancer--exceeded my total gross income from all sources for any year since the mid-90s.

Income from
Advertising & Public Relations: up 215.82%
Consulting: down 84%
Editing: up 32.02%
Fiction (not novels): down 34.64%
Non-fiction (not books): up 48.85%
Royalties (from all books): down 38.17%

Of course, percentages don't tell the entire story.

Advertising & Public Relations generated the largest dollar increase, while Editing generated the second largest dollar increase.

Editing generated the largest revenue stream, while Advertising & Public Relations generated the second largest revenue stream.

Key developments:

An Advertising & Public Relations client I gained in September 2005 kept me busy throughout 2006 and was entirely responsible for the income increase in that category.

One editing client increased my workload mid-way through 2005, kept the workload at the new level through 2006, and was responsible for part of the income increase in that category. Another editing client launched a new publication in early 2006 and was responsible for the rest of the increase in that category.

Some of the periodicals I wrote for ceased publication, some changed editors, some cancelled or cut back the use of fiction, and some have been dragging out payments the past few months, thus leading to a decrease in both freelance fiction sales and freelance fiction income.

The bulk of the increase in non-fiction income came from two sources: an existing editing client and a periodical that's already cancelled the column to which I had become a regular contributor.

Key concerns:

The bulk of my freelance income comes from three sources. While I think all of my clients are happy with my work and intend to continue our relationships, I wish I had a little more diversity in my client base.

I completed no new fiction during much of September, October, and November. While I finished a number of new stories in December, the three-month gap in productivity will probably impact my pocketbook in mid-2007.

There's a possibilty that I'll lose medical insurance in 2007. Could a desire for medical insurance make me consider returning to full-time employment?

So, how'd I do?

2 comments:

kitty said...

How'd you do? Only you can answer that. I'd say you did very well. Your productivity makes my head swim. Have you ever done a post on what your typical day looks like?

Kevin R. Tipple said...

Insurance is ahuge deal. Hope you don't lose it as it does force one to make hard decisions.