An experienced freelance grant writer is always in demand. Freelance grant writing is an excellent home business idea that can help you make a decent living. Keep reading to find out how it can be an excellent work-from-home career choice for you.
What Exactly is Grant writing?
Non-profit organisations, right from global foundations to your local beautification commission, need grants to raise money for achieving their goals. These organisations have to put together grant proposals, which explain the use of the grant.
As a freelance grant writer, you will have to match the needs of the project with the funding available. You will have to prepare and write application documents, proofread and submit it to the funding sources, and follow it up.
After submitting the proposal, you will have to be in touch with the grant making organization while it is being reviewed for supplying any additional information, if required. You may also have to provide progress reports when needed by an organization that is funding the program.
How to Get Started
To begin with, you must first create a list of potential organizations, like non-profits and institutions (like colleges and universities) that need grants for their funding requirements.
Do not shy away from approaching smaller organizations, as the bigger ones usually have full-time grant writers. There are many smaller organizations that look for freelance grant writers, as they cannot afford a full-time writer.
Remember to network by developing new contacts. The better your network, the more work you are likely to get.
What are the Skills Needed?
The success of the project would depend on how well you can write. Your writing should be able to persuade grant making organizations to support the project.
You should be thorough with the entire project or program, as a grant writer acts as the link between the organization applying for a grant and the one providing it. You should be able to envisage the project over its duration and convince the institutions funding it that their funds are being spent judiciously.
As a freelance grant writer, you should be able to research the different organizations that are willing to fund your client's project. The idea is to find the right grant making organizations for submitting your proposal.
Most grant applications have to be made within strict deadlines. You should be able to work accordingly for submitting the applications on time. A good grant writer must keep abreast of the latest developments in the field, priorities of the grant making organizations and new sources of funding.
How Much Can You Earn?
Just like any other profession, it all depends upon your skills and the efforts you make. There are different ways of charging fees as a freelance grant writer:
- Project basis: You can assess the scope of the job and then charge on a project basis. The rates vary from $1000 to $10,000, depending on the complexity and length of the application.
- Commission basis: You can charge the clients a certain percentage of the funding received as funding. Freelance grant writers can make anywhere between 1 to 5 percent of the total grant received.
- Hourly basis: Less established freelance grant writers can charge around $25 to $50 per hour, whereas the established ones can charge up to $100 per hour.
You can also generate additional streams of income by offering value added services like grant funding research, review and evaluation of completed proposals.