10 hours spent, 525 dollars made, for an average of 52.5 dollars per hour.
It should be noted that I only wrote 9 Demand Studios articles over the course of Week 3. I still hold to the fact that Demand Studios pays significantly greater than the other content site I use, by a margin of 20 dollars an hour or more. If I were writing solely for the other site, my pay would drop to around 40 dollars an hour, rather than averaging out at 50. If I wrote solely for Demand Studios, as you can see from week one, I make well above 60 dollars an hour, and in some cases make 75 dollars an hour.
Median wages for America in the second quarter of 2009 were 734 dollars per week, according to the Bureau of Labor Statistics in the U.S. Department of Labor. That’s for a full-time, 8 hours a day, 40 hours a week, with 1-2 weeks paid vacation a year. That’s $18.35 per hour, a severe drop from the numbers posted in 2007 when the median wage was closer to 22 dollars per hour.
As you can see from this experiment, which is based upon 10 hours per work week, it is feasible to make more than the average American on a per-year basis by only working an additional 10 hours per week….that is, 20 hours per week, for 1000 USD per week, which is nearly 300 dollars more per week than the average American citizen makes in a full 8 hour day.
While the numbers do vary a little bit, if you look at the Bank of America numbers posted on Careerbliss’ website, you will see that an assistant manager makes around 46,000 USD per year, while account managers make around 32,000 a year, and the center manager (manager of the branch) makes around 60,000 USD per year. They have hundreds of companies up on their site for viewing, and with the exception of the major companies like Boeing, Pfizer, and other major international companies, the average wage for middle management falls between 40 and 50k a year. Upper management makes 60-80k a year, and executives can make anywhere between 80k and 100k, unless they are in CEO positions, in which case they will be making millions. But we aren’t looking at those. We are looking at the “average” guys, the ones who have to work 40 hours a week, who don’t get major perks from the company like first class tickets and million dollar bonuses.
2009. Second quarter. Median wage in the United States was under 19 dollars an hour. Average middle management job is 40-50k a year. If you take the high number, 50k a year, and divide it by 50 weeks per year worked (assuming a 2 week vacation per year), you come up with a nice, even, one thousand dollars per week, or 25 dollars an hour.
That’s right folks, 25 dollars an hour. That’s your typical middle management wage.
Meanwhile, let’s take a look at upper management, folks. 80k a year. That’s 1600 a week, or 40 dollars an hour. That’s the average upper management wage.
As you can see from this writing experiment, it is completely feasible to make more money than upper management at some of the major companies across the United States…writing for content sites.
Many freelancers would have you believe that content sites are exploitive, that they are oppressive, that they are low-paying, and more. This is absolutely not true. If you have the gumption you can easily make more money than typical upper management.
However, to be fair, you also need to consider the fact that working for a company like that means many of your taxes are paid by the company, and this is definitely something that has to be considered. But the beauty of working for yourself as a freelancer is that you get to write off many of the things that regular employees cannot. Your computer, your office space, your phone bill, all of your supplies…there are dozens of tax write offs that you can use, and in most cases you will pay far less in taxes than you would working for another company.
I should also note that while writing for content sites can be lucrative, as you can see from these results, they are only lucrative if you have a lot of niches in which to write. However, given a few months of research anyone can pick up the niches which are profitable.
Bottom line is that there are pros and cons to the system, but in my opinion the pros far outweigh the cons. In either case, here are my results for Week 3.
Similar to last week. 3 articles @ 300 words each, 30 minutes for 30 dollars.
5 articles @ 1k words each, roughly 1.5 hours for writing time. 60 dollars
3 DS articles, 30 minutes, 45 dollars.
3 x 300 words for 30 dollars. 30 minutes.
5 x 1k words for 60 dollars…1.5 hours.
3 x Demand Studios articles, 30 minutes. 45 dollars
I’m not even listing keyword search times anymore, because it’s negligible. I pop in, load up the keywords, hit search, and there are 20+ pages of titles to choose from. I usually pick my articles in the first 3-4 pages, which takes all of 2-3 minutes, max. Keep in mind I’m specifically trying to find articles I can write in 10-15 minutes.
3 x 300 for 30 bucks. 30 minutes
5 x1k words for 60 bucks. 1.5 hours
Repeat of day 13.
3 articles for client. 30 minutes, 30 bucks.
3 Demand Studios articles, 30 minutes, 45 dollars.