2007 is history. So, how'd I do?
38 acceptances. 15 rejections and/or non-acceptances. (Non-acceptances include lost ms., non-responses, etc.) This is my worst year since 2001, when I had only 21 acceptances, and it clearly falls short of my goal of one acceptance per week.
On the other hand, my total gross income from freelancing increased 1.38% over the previous year.
Advertising & Public Relations: up 9.05%
Consulting: down 100%
Editing: up 5.06%
Fiction (not novels): down 31%
Non-fiction (not books): down 15.38%
Royalties (from all books): down 40.59%
Seminars/Teaching: up significantly from $0 the previous year
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.
The majority of my Advertising & Public Relations revenue is generated by a single client. The majority of my Editing revenue is generated by two clients representing three publications.
I sold non-fiction to five publications produced by three publishers. One of the five publications ceased publication during 2007.
I sold fiction to 13 publications produced by seven publishers. One of the 13 publications ceased publication during 2007.
The bulk of my freelance income comes from three sources. While I think all of my clients are satisfied with my work and we intend to continue our relationships, I wish I had more diversity in my client base.
One of my three key clients has discussed the possibility of putting me on the payroll as a part-time employee rather than continuing the current freelance arrangement. There are advantages and disadvantages to this change and our discussion continues.
I divorced in March of 2007 and was able to continue medical and dental insurance through COBRA. By law, I can continue coverage for 36 months following divorce, but medical/dental insurance now represents my second largest monthly expense (my house payment remains the largest monthly expense). What will I do when my COBRA benefits expire?
That's 2007 in review.
So, how'd I do?