I love ghostwriting. I’m not going to lie; it’s a great career. But don’t take my word for it! Ghostwriting is also an industry that’s growing by leaps and bounds, so you’ll be in good company if you decide to start your own ghostwriting business.
In this post, we’ll cover some of the best reasons why ghostwriters make such great money (lots of benefits), as well as some of the more obvious drawbacks (not everyone wants to be one).
We’ll also go over what kind of work you can expect from being a ghostwriter and how it compares to other careers out there like copywriting, screenwriting, or blogging. So without further ado let’s see what all the hype is about…
| Takeaways |
|---|
| 1. Ghostwriting offers lucrative income potential. |
| 2. You can work with diverse clients and industries. |
| 3. It allows you to hone your writing skills. |
| 4. The demand for ghostwriters is on the rise. |
| 5. Ghostwriting lets you be creative across different genres. |
| 6. You can make a meaningful impact on others’ stories. |
| 7. Ghostwriting offers flexibility in work hours. |
| 8. You get to collaborate with interesting individuals. |
| 9. It provides opportunities for professional growth. |
| 10. Ghostwriting allows you to stay behind the scenes. |
| 11. You can build a strong portfolio and reputation. |
| 12. It opens doors to diverse writing projects. |
| 13. Ghostwriting can lead to recurring clients. |
| 14. You get to be part of the publishing process. |
| 15. It offers the chance to work on exciting topics. |
| 16. Ghostwriting helps you refine your writing voice. |
| 17. It’s a fulfilling and rewarding career choice. |
1. Be Your Boss
Being your boss is one of the best perks of being a ghostwriter. You can work from home, which means you won’t have to commute to and from work every day.
There are no dress codes, no meetings, and no office politics. If you want to take the day off (or two), there’s no one standing over your shoulder asking why you’re not working or if it’s okay that you’re taking a sick day today (true story).
You also don’t need any formal education to be successful as a ghostwriter it’s all about skills that anyone can learn over time through practice and repetition: writing well, and researching topics thoroughly.
Understanding how to create engaging content (and knowing when something isn’t good enough), editing copy professionally…the list goes on!
Unlock your potential as a wordsmith and embark on a fulfilling journey as a ghostwriter. Learn how to break into the world of ghostwriting and make a lucrative income by exploring our guide on how to become a ghostwriter.
2. Choose Your Clients
Choosing your clients is the key to success in any business. You want to find clients who are a good fit for you, and who will be happy with your work.
If you’re working on ghostwriting articles or blogs, there are a few things you should look for in potential clients:
The content they want to be written should be something that interests you and that you think is interesting. Otherwise, it’s going to be hard work! Your heart needs to be in this project if it’s going to have any chance of succeeding (and also making money).
They should pay well enough for their project that it makes sense for them to hire someone else rather than write the article themselves (or even research on their own). If they can’t afford professional help, then they shouldn’t expect quality service from anyone including themselves!
3. Make Your Hours
While it’s true that ghostwriting can be an extremely flexible career, there are some things to consider. Working your hours does not mean working whenever you feel like it. Ghostwriters must remain focused and productive to get their work done.
If you find yourself getting distracted during the day and then regretting it at night, consider a different career path!
So what does it mean if we say that ghostwriting is the best business to be in? It means there are virtually no boundaries when it comes to making money as a ghostwriter.
You can make as much or as little as you want by writing anything from blog posts on your favorite websites to novels under someone else’s name (and getting paid handsomely).
You’ll never have someone looking over your shoulder telling you how long an article has to be or how many words should go into each sentence the only limit is what’s inside of you!
Curious about ghostwriting and its costs? Discover all the essential information you need to know about this mysterious profession in our comprehensive article on Ghostwriting: What Is It and How Much Does It Cost?.
4. You Can Work Anywhere In The World
You can work from anywhere in the world. You don’t need to be sitting in a cubicle or office, and you don’t even have to be physically in a city! From home, you can write your content while listening to music and drinking coffee (or alcohol whatever floats your boat).
If you live in a rural area where there are no coffee shops or libraries nearby, it’s still possible for you to make money ghostwriting online. For example, I live on an island off the coast of Maine with only one town on it; there is no Starbucks here because we are so remote.
But that doesn’t mean I can’t make money writing from my house! The internet connects us all now so that we can work from pretty much anywhere as long as we have access to our computers.
The best part about being able to work remotely is that even if your client wants something done immediately or needs updates on his/her project multiple times per day, you do not have any excuses for why you cannot deliver those things! When working from home.
There will always be distractions like chores around the house and errands needing to run… but when working remotely every second counts!
It’s up to YOU how much effort goes into each project so go ahead – put 100% effort into every single thing because no one knows what kind of workload awaits him/her tomorrow morning except YOURSELF 😉
5. Little To No Overhead Costs
There are no overheads to worry about. You don’t need office space, marketing costs, employee costs, equipment costs, or office supplies. You don’t have to worry about travel or insurance expenses either.
You won’t be paying any taxes or health insurance and there is no retirement savings plan that you need to contribute towards to write your first book!
The biggest benefit of ghostwriting is that it doesn’t require any overhead costs like a brick-and-mortar business would normally have.
There are no employees to pay (or at least not many), which means there’s less money spent overall on maintaining the business itself – meaning more profit for yourself as well!
Are you struggling to find the time or skills to bring your ideas to life? Hiring a ghostwriter could be the solution! Check out the top reasons why you should consider working with a skilled ghostwriter in our guide on why you should probably hire a ghostwriter.
6. You Can Charge More Than Most Writers
You can charge more than most writers because you’re charging for your time. You have to work on the content, but the client will be paying for your time and that time is valuable.
Ghostwriters who don’t charge by the hour (or by some other metric) are leaving money on the table every time they write.
As an example, let’s say that a ghostwriting client wants to pay $200 per blog post or book chapter and has budgeted $5,000 for five blog posts or book chapters over five months.
If you charge $100 per hour, it would take 20 hours to complete those contents at a rate of one hour per week which means it would take you four months instead of five! That extra month is paid vacation in many cases!
Ghost bloggers fall into this category as well: if someone asks me how much I charge for ghost blogging services, my answer will always include “it depends.”
It depends on how much I think they should be paying me and how much experience they want out of my services (i.e., am I trying to teach them something?).
7. You Can Work With A Variety Of Niches And Industries
Do you want to write about health, travel, business, or finance? Ghostwriting allows you to write about anything that interests you. You can choose your niche or industry and work on projects that align with it.
You’ll Be Able To Work With Different Types Of Clients
Your clients will range from individuals who are looking for help writing their resumes to big brands looking for someone who can ghostwrite an entire book for them.
Ghostwriting is flexible enough to accommodate many different types of clients and projects, which makes it perfect if you’re just starting as a writer.
You can also try out different types of writing styles by working in different niches or industries this way, even if one type isn’t right for you now, there’s always another option available down the road!
8. You’re Not Responsible For Marketing, Selling, Or Admin Work
You can focus on your career. You don’t have to worry about marketing, selling, or admin work because that’s all done for you. This means you can focus on writing and your clients.
You’ll never be short of work because there are always people who need ghostwriters! It’s a fantastic opportunity to make a name for yourself in the industry, especially if this is something that interests you in the long term.
9. Limitless Potential For Growth
Let’s face it: no matter how successful you are as a ghostwriter, there will always be more opportunities. You can increase your profits by expanding your client base and working on more projects. You can hire additional writers to help with the workload.
You can even begin to charge higher rates for your work than you do now because you will have established yourself as an expert in this field.
And don’t forget that every writer has their niche or area of expertise where they excel; even if that niche isn’t writing, there’s still room for growth there!
Wondering what it takes to be a successful ghostwriter blogger? Gain valuable insights and tips from seasoned professionals by delving into our article on what you need to know about ghostwriter bloggers.
10. You Don’t Have To Worry About Getting Hired Or Laid Off Ever Again!
One of the biggest benefits of being a ghostwriter is that you never have to worry about getting hired or laid off.
That’s right: you can sleep easy and live in peace, knowing that no matter what happens in the outside world, your job is secure. You don’t even have to worry about finding another job!
And this isn’t just some bullshit promise. There are economic reasons why ghostwriters are immune from these kinds of problems:
When businesses go through hard times (when they get “laid off”), they cut back on their spending and that includes hiring new employees.
Ghostwriting has nothing to do with consumer demand or profit margins; it’s all about writing content for other people and putting it out there into the world so they can sell it as their work (which means they don’t have any overhead costs associated with creating.
Or marketing anything). So while everyone else may be losing their jobs because companies are struggling financially, as long as there’s still demand your services, you’re good.*
11. There’s A High Demand Worldwide For Ghostwriters
The demands for ghostwriters have been rising alongside the rise of the Internet. As more and more people become connected, they need content to create engaging websites and blogs and they’d rather not write it themselves.
This has created an insatiable demand for good writers who can produce content quickly and efficiently. People want to write but don’t have time:
They’re too busy at work or school, both of which take up a lot of our waking hours each week.
They’re starting their businesses, which requires even more time than a full-time job if you want the business to be successful (you do).
People want to write but don’t have skills:
Writing isn’t easy; it takes practice before you’ll be able to craft your ideas into compelling stories that others will be interested in reading about or hearing from you about when speaking at events like conferences and weddings (which are also great opportunities for ghostwriters).
12. The Ghostwriting Industry Is Booming!
The ghostwriting industry is booming and expected to grow by 20% in the next 5 years. It’s not all that surprising, because it’s predicted to make over $1 billion in revenue by 2020.
Even more exciting news: this number is expected to grow by 30% within the same period!
In short, now is a great time for writers looking for business opportunities since new markets are opening up every day.
13. Work From Home And Save Money On Commuting Expenses, Clothing, And Food On The Go!
The best thing about ghostwriting is that you can work from home and save money on commuting expenses.
Commuting can be expensive, time-consuming, stressful, unhealthy, and environmentally unfriendly. It’s also unsafe, boring, and often dangerous.
If you’re in a rush to get to work but stuck behind some annoying driver who’s taking their sweet time getting onto the highway…
Or if you’re late for an important meeting because your train broke down…or if it rains so hard that you have to wrap up in your jacket during the walk from your car to the office…commuting sucks!
With ghostwriting jobs available online through freelancing platforms like Upwork and Fiverr (also known as micro jobs), there’s no need for any of this hassle!
You can stay at home working from anywhere with internet access (which pretty much covers all of us these days). You’ll never have another delay again!
Putting together a book can be a daunting task. That’s where a skilled ghostwriter can be your saving grace! Explore our guide on top reasons you should hire a ghostwriter to help write your book and make your publishing dreams a reality.
14. Build Long-Lasting Relationships With Clients Beyond A One-Off Project!
One of the best things about ghostwriting is that you can develop long-lasting relationships with clients. Having a client base allows you to work on multiple projects at once, and it allows you to build up a portfolio of writing samples.
But what’s even better than that? Being able to keep in touch with your clients! After all, how many people do you know who have worked with a ghostwriter? Most likely no one (yet).
So while they may not realize just how much work goes into each project, they’ll remember that YOU were there for them during their darkest hour you were calm and collected when things got hectic.
You understood their vision for the project, helped them stay on track and took pride in every word that came out of your mouth. And if all goes well…they’ll become repeat customers!
15. Improve Your Writing Skills With Each Project!
Ghostwriting is the best business to be in because you will improve your writing skills with each project you take on.
Writing a book can take months or even years, depending on how long it is and how fast you write. You will learn new skills such as marketing, selling, networking and so much more by doing this work instead of just writing blog posts or articles for sites like this one.
16. Learn New Information About Various Topics And Industries!
Ghostwriting is an excellent business to get into because you will learn a lot of new information about various topics and industries. The more you learn, the more opportunities you can take advantage of in your ghostwriting career.
You will learn to write in different styles for clients who need content written for different purposes and platforms. You can even specialize in writing for one specific industry or topic if that’s your preference.
You may also be hired by some businesses as a regular contributor who writes articles on behalf of the company on their website, helps with social media posts, or writes email newsletters (a great way to start building your audience).
17. Learn New Skills Like Copywriting, TV, Movie Script Writing, Screenwriting, Ghost Blogging, And More!
If you’re interested in expanding your business and earning more money, then ghostwriting is the best place to start. You can learn how to write a screenplay or a TV script. If you want to write for film, then screenwriting is something that every writer should have on their resume.
Ghost blogging is another skill that will help you expand your business because it allows you to reach out to new clients and make more money just by writing articles for them.
Conclusion
So, what are you waiting for? If you’re ready to make some money and have fun doing it, then ghostwriting is the business for you! The best part about this industry is that there are no limits when it comes to who can be successful.
It doesn’t matter whether or not you’re a veteran writer or just starting it only matters how hard you work, how much effort goes into each project, and whether or not clients are satisfied with your work. So what are some benefits of starting your own ghostwriting business?
Well, if we listed them all here (and trust us; there are many), this article would never end! Instead, let’s look at just four major reasons why being self-employed as a writer may be right up your alley:
Further Reading
Entrepreneur – Why You Need a Ghostwriter for Your Next Book: Learn how hiring a ghostwriter can help you bring your book to life and enhance its quality and impact.
University of Bolton – What Is Ghostwriting?: Discover the ins and outs of ghostwriting and how it plays a significant role in various industries.
Medium – 4 Reasons Your Business Needs Ghostwriting Services: Explore why ghostwriting services are essential for businesses and how they can boost your brand’s presence.
FAQs
What is ghostwriting?
Ghostwriting is a process where a writer creates content on behalf of someone else without receiving credit for their work.
Why should I consider hiring a ghostwriter?
Hiring a ghostwriter can save you time, enhance the quality of your content, and help you present your ideas more effectively.
Is ghostwriting only limited to books?
No, ghostwriting is used for various types of content, including articles, blog posts, speeches, and even social media posts.
Will a ghostwriter maintain confidentiality?
Yes, a professional ghostwriter is bound by confidentiality agreements, ensuring your work remains discreet.
How do I find a suitable ghostwriter for my project?
To find the right ghostwriter, research their experience, review samples of their work, and communicate your expectations clearly before hiring.
Costantine Edward is a digital marketing expert, freelance writer, and entrepreneur who helps people attain financial freedom. I’ve been working in marketing since I was 18 years old and have managed to build a successful career doing what I love.