The decision of whether to become an in-house editor or a freelance editor is one you may carefully consider as these pathways have significant differences.
According to the U.S. Bureau of Labor Statistics, 13% of editors are freelancers. Others are in-house editors who work for newspapers, media streaming distribution services, the entertainment industry and other types of employers.5
There are benefits and drawbacks to each path. Freelance editors enjoy the following:
- Flexible schedule
- Ability to work from anywhere with a stable internet connection
- Freedom to take on your preferred clients
- Ability to set your own rates and specialize in your preferred field
However, freelance editors must also spend time managing their businesses, advertising their services and interacting with clients. Having a background in business, a business minor, or some kind of education in the business industry can be helpful for freelance editors to be successful. Self-employed individuals must also pay the employer’s share of income taxes, and they may deal with an unpredictable income.
If you are wondering how to become a freelance editor, it is generally easier to attract clients once you have some work experience on your resume. Once you have acquired some relevant experience, you may decide to create your own company’s website and apply to contract jobs as a freelancer.
Some benefits of becoming an in-house editor may include the following:
- Predictable paycheck
- Benefits, including healthcare and retirement
- Consistent workflow
- Paid time off
- Enhanced credibility derived from working for an established organization
Drawbacks may include a reduced ability to choose your own projects and less flexible scheduling.