August 21, 2009, Newsletter Issue #9: Tips for Increasing your Medical Writing Rate
Tip of the Week
Searching for new medical writing jobs provides an opportunity to raise your rates. During this time, it’s important to conduct market research to ensure your salary is in line with the market. Read on to learn tips for increasing your medical writing rates.
Take on new clients. While it’s difficult to raise your rates on existing clients, taking on new clients allows you an opportunity to adjust your rates. As your new client base becomes solid, you can discuss raising rates with older clients – without all of the risk.
Do your research. When raising rates on existing clients, it’s important to do your research. Conduct an informal salary survey of what similar companies in your industry are paying medical writers. This will allow you to have solid footing for raising your rates.
Specialize in a specific area of medical writing. Writers who specialize in a specific niche have an opportunity to demand a higher wage. This will give you both credibility and a reputation as an expert in the field.
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