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Michael Kwan has written a great post on what you should consider before diving in as a freelance writer.

I am not going to go into to much detail, you can read his full post if you want that, but I will write a summary of his points.

1. Do you have enough savings to endure your growing pains?
The reality is that you will not be making a full-time income right from the get-go unless you happen to be both really talented and really lucky

2. Are you organized, motivated, and self-driven?
Because you won’t really have a set working schedule or a boss breathing down your neck, motivation becomes a huge factor in your success.

3. Are you comfortable with all the other roles you’ll have?
You may be an exceptional writer, but how are you with accounting? Customer service? Sales? When you run your own freelance writing business, you’ll be wearing a lot of different hats.

4. Can you find a healthy life-work balance?
As mentioned above, motivation can become an issue, but so can finding a healthy life-work balance. Because you can make money at any hour of the day, you could feel like you should be making money every hour of the day.

5. Do you really love writing?
This sounds obvious enough, but you’d be surprised how many potential freelancers realize that they don’t like writing as much as they thought they would. When you’re blogging for fun, writing comes easy. When you’re producing countless articles on a daily basis, the task can get pretty exhausting.