How to Start a Profitable Home-Based Proofreading Business
Do you have an eye for detail and often find yourself catching errors in articles online or while reading your local paper? Do people ask you to review articles and papers they've written? Proofreading is such an important role and in high demand right now. It's a great venture if you're looking to start a profitable home-based proofreading business. Keep reading to learn more!
What Proofreaders Do
Proofreaders or copy editors read other people's articles, essays, and other digital and print content. You'll correct spelling and grammatical errors or even to provide further editing for context and tone. A proofreader is often the last line of defense when it comes to publishing quality content. Simply because regardless of the writer, it's so easy to make errors that you don't even notice.
Yet and still, error-free content is highly desired because it ensures the content is high-quality and can even add credibility to the source publishing the content.
If you're reading an important article online about a medical condition and it's riddled with errors, you may feel hesitant to keep reading and follow the advice mentioned in the article because if someone can't fix typos it's likely to make you question their credibility.
Writers can proofread their own work but it's more effective when someone else does it because it helps to have a different set of eyes look things over. A proofreader acts as a fresh set of eyes to review the content and therefore may catch some errors that have been previously glossed over.
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How Much Can You Earn?
According to PayScale, proofreaders earn a median income of $17.49 per hour proofreading and an annual salary ranging from $26,066 – $62,375 depending on experience.
With a proofreading business, you want to charge a fair and competitive rate that allows you to take time on your work and provide attention to detail. Your business' reputation will be built on your experience and proven track record so you want to make sure you're not rushing through work just to get paid more/faster.
Skills/Equipment You Need
In order to start your own home-based proofreading business, you need to possess a few skills. For starters, you might want to take an editing or proofreading class to brush up on your skills. You may be able to find a course online or at your local community college. The more you learn and practice, the better your skills will be.
You'll also need to have really accurate typing skills and be able to type at a steady pace. This will allow you to get your work done in a moderate time frame. Having good communication and marketing skills will also help your proofreading business succeed as well.
Once you have those basic skills, all you need is a computer and a reliable internet connection to get started. You may also want to legalize your business and develop an S-Corp or LLC and come up with an official name. You don't have to do that right off the bat, but it's something to consider and budget for in the future.
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How to Promote Your Proofreading Business
I always recommend setting up a professional website for anyone who wants to start a business and be taken seriously. I used to work at a web design company and having an online presence for your business is so crucial whether you work from home or have a physical location. It's important to have an online home where people can come to learn more about you and your services along with answers to common questions.
Setting up a website can also help you promote your proofreading business and you may even want to start a blog on your site to increase SEO and build up your reputation as an industry expert/thought leader.
Another way to promote your business is by setting up some social media accounts. You can use hashtags on Facebook or Twitter and even find leads on LinkedIn.
If you find errors in their content, odds are, they may have more and be in need of your services.
Cold pitching is one of the best ways to find your first clients until you build up your business. You might want to try to reach out to companies, small business owners, and even bloggers and kindly point out and errors you see on their website and politely pitch your services to them.
Big bloggers should be a great target for a proofreading business since they update their blogs by publishing content regularly. If they publish weekly or multiple times per week, that means you'll always have content to edit and can establish some recurring clients/work.
Another ideal prospective client would be freelance writers who produce a large volume of articles per week. Writers who work for big companies may have a budget to hire a regular proofreader to look over their work before they send it off.
How to Find More Work
To build your home-based proofreading business, you can even consider working with companies who hire freelance or contract proofreaders so you can build up your experience.
Proofreadingservices.com –Read more – is an award-winning proofreading company that helps people to correct grammatical errors found in their articles, essays or assignments. The company requires you to take a 20-minute test in order to get hired, but they have a wide range of clients across 63 different countries.
Don't Forget About Taxes
Paying taxes is one of the not-so-fun parts of running a proofreading business. Don't forget to set a portion of your earnings aside to pay to Uncle Sam quarterly. Talk to a tax professional to see how much you should be saving. Also, organize your income and expenses in a spreadsheet or with bookkeeping software ( like Quickbooks) each month.
Most of your business expenses will be deductible which will help out around tax time. As you consider paying taxes, use that to help you determine a comfortable rate for your services that will meet your needs.
Also, don't forget to ask your first few clients for reviews or testimonials that you can put on your website so you can use them as a reference to land more jobs.
Have you ever thought about starting a home-based business? Do you know someone who would make a good proofreader? If so, share this article with them!