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REBECCA SATO: Hi. I'm Rebecca with ExpertVillage.com, and we're going to talk about the business
side of being a writer. We've talked about some of them earlier but I'm just going to
kind of summarize it because this is kind of where a lot of freelance writers kind of
fall off the train. It is when you have to make sure that you have contracts for your
writing. That the business side and the negotiation side that you and the client have terms worked
out and agreements and that you know you're going to get paid. You'll also want to consider
getting a separate bank account because this is a real business. And when you get money,
you kinda want to keep track of it and to keep track of your expenses and your income
and your expenses. So I recommend getting your own account just for your writing, whether
you're doing it full time or part time. And then, of course, if you have a joint account
with your spouse or significant other, then you can transfer money into that account.
But to have a separate account, it makes easier for tax purposes, too, because you can keep
track of how much you've made and how much you need to spend. So make sure you're spending
from that account as well as depositing the money you've made. So that's something to
consider. You also want to consider that even though you are a writer and you're creative
and you're smart and wonderful, you're still a number to other people so you need to know
what you're worth and you need to work with that realistically. So that's my advice to
writers, learn the business end and then you'll have the best of both worlds.