Nine Tips for Writers During Recession Fears

What kills business isn't a recession so much as the fear of one. I don't just mean the overall economic effect, but the paralysis that can happen when you own a business and start thinking that you are the plaything of inevitability. You aren't. Here are nine tips you can use to strengthen your approach to doing business during a recession:

1. Market more - a lot more.


2. Don't be picky about topics. You can focus on the "but I *love* to write about XYZ" when you can afford to.


3. Look not just at the clients (and advertisers), but the industries. For example, the legal industry is often considered to be virtually recession proof, because companies need lawyers to do the deals when things are good, and bankruptcies/restructuring debt when things are bad.


4. Read trade press and talk to other writers to see if a given publication shows any of the signs of financial trouble. Ziff Davis just went into bankruptcy, but the signs were there for a while - one reason I didn't try to get work out of them.


5. Look for signs of trouble in your own clients. If checks start taking longer to get to you, start looking for other people to work for.


6. If you have a knowledge/experience niche that gives you a strong in with certain types of stories, strengthen it. If you don't, develop a niche. And keep adding niches as you can.


7. Don't put all your eggs in one client type basket. If you cover a topic for consumer pubs, see if there are things you can do for trade pubs as well, and vice versa.


8. Don't end up using a recession as an excuse: "I can't do any better because of the economy." When most everyone is marching in one direction, go in the other to find opportunities.


9. Look for companies that are more likely to keep producing written materials. An association magazine is one of the better examples, because if they're not sending something out to the members, it's probably because they're out of business. A custom publisher is a lesser example, because when companies feel the pinch, the custom publishing projects may be some of the first things to go, unless not having the publication is unthinkable for their businesses.

If it makes you feel any better, during the last major recession, right after the dot com bubble, there were writers who didn't see big drops in their income. Keep working away and, even if things aren't pretty, you can weather the storm.

Update

A reader emailed, asking me to address the issue of taking lower-paying writing to fill in cash needs. Here's my take on it.