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June 2014
  Issue #57

Picnics, Pools, and Profit! 

 

It's June, the time of year when every freelance's heart turns to flights of fancy. Do I have enough potato salad for the picnic this weekend? Is the pool ready for the hot days ahead?  Am I poised to profit as much as I should by the end of this year? We're here to help you relax and enjoy the summer months as much as possible. We can't help with the potato salad or the pool. But helping you make sure you're poised to profit? Well, we're all over that one!

In this month's issue of Pencil Points, we invite you to dig in! Have you ever spent a summer day hoping the rain would hold off just a little longer or the ants wouldn't carry off your homemade pie? Well, hope may work for picnics, but it's not a marketing plan. Find out more in The Savvy Marketer.

Pools are a joy on a hot summer day. But they can also be a liability if you're not careful, vigilant, and protected against risk. Running a freelance business also carries risks to be considered. Has a client recently requested, or required, you have a certain kind of business insurance to do business with them? Or perhaps you're just curious or confused about the myriad insurance options that are out there for small businesses. In Dollars and Sense we make the options crystal clear so you can jump in with clarity and confidence.

Profit isn't always tangible, but that doesn't mean it's not there. For instance, consider the challenges medical writers have faced over the years to gain acknowledgement, respectability, and legitimacy for their contributions to the medical literature. We're proud to say that one of our friends even led the fight, and we all profit from her steadfast commitment. Now, we don't believe in ghosts, and they're supposedly not tangible either. But one ghost has risen recently again, so we think it's appropriate to expose it again for all our readers to see and keep in mind. Check it out in [Not] Just for Newbies.

We also have a great resource for you in On the Radar, and a discount code that may just save you some money! It's all in this one issue of Pencil Points. So sit back, relax, grab some potato salad, a float for the pool, lake or ocean, and profit as much as you can. Enjoy!

 

Until next month,


Cyndy and Brian
The Accidental Medical Writer

PS. We're excited to be Amazon Associates. Every time you visit Amazon through our website or click on a product link we provide and make a purchase, we earn a few pennies that allow us to continue to give you free content through this newsletter. We would really appreciate it if you did so.
Newbies[NOT] JUST FOR NEWBIES
Information and Inspiration for New and Experienced Writers 
The Ghost Rises Again

In the August 2011 Pencil Points Issue #23 we wrote an article titled, "Let's Bury Ghostwriting Once and For All." At the time we urged medical writers to avoid using the term "ghostwriter" to refer to themselves, to other medical writers, or to our profession and instead to talk about our contribution to the medical literature, and insist we be acknowledged for the value we provide. Sadly, nearly 3 years later the term just won't go away, as evidenced by an online discussion we came across this week.

 

There are actually 2 issues here to address. The first is contributing to a scientific manuscript without acknowledgement. We want to remind readers that there are very clear guidelines about authorship and acknowledgement in scientific publications. These guidelines came about because of the considerable debate that has surrounded the use of professional medical writers in preparation of scientific publications since the early 1990s. In fact, in 1991, the FDA released a draft policy that stated:  

 

"Independent scientific and educational articles about a company's drug or directly competing drugs should not be written by medical writers employed by the firm, including freelance writers hired by the firm for specific projects. In addition, medical writers employed by the firm should not ghostwrite, edit or otherwise influence the content of articles, purporting to be independent, on the company's drugs or directly competing products written by others." (Food and Drug Administration. Regulation of drug-company-sponsored activities in scientific or educational contexts [draft proposed policy, October 8, 1991]. Division of Drug Marketing, Advertising, and Communications (HFD-240), Rockville, MD.)  

 

What a furor that caused! In the final guidelines, there was no reference to the use of medical writers. This was the doing of our great friend, Elizabeth Smith, who was president of AMWA at the time and led the charge to save our profession--and won!

 

AMWA 's Position Statement on the Contribution of Medical Writers, published in 2003, is very clear: "Biomedical communicators who contribute substantially to the writing or editing of a manuscript should be acknowledged with their permission and with disclosure of any pertinent professional or financial relationships." The International Committee of Medical Journal Editors (ICJME) has similar guidelines that differentiate authors from contributors who should be acknowledged.

 

Now the second issue: writing or contributing to a scientific manuscript without input from the lead author. Writers should never write a scientific manuscript unless the lead author is identified and directs the development of the manuscript from the start of the project. The good publication practice (GPP2) guidelines advise that, "Professional medical writers must be directed by the lead author from the earliest possible stage (for example, when the outline is written), and all authors must be aware of the medical writer's involvement."

 

We urge medical writers to educate their clients and employers about these guidelines and to avoid engaging in unethical or questionable practices. When we are asked to assist with manuscript preparation, we start by asking prospective clients 2 questions: Do you acknowledge medical writers for their contributions? and Will the authors be providing input into the development of the outline and the manuscript? If the answer to either question is no, we politely decline the job. This is a line we won't cross. We are not ghosts, and neither are you.

Radar ON THE RADAR
Resources for Medical Writers
Taber's Online PLUS a Discount Code 

We do a lot of work in sales training, which demands detailed reference annotation in our deliverables, and submission of highlighted electronic references for medical-regulatory-legal review. Most companies even require us to reference and annotate glossary terms. As you can imagine, there is no way we could work efficiently if we had to scan and print to PDF pages from a hardcover medical dictionary.

Instead, we use Taber's Online Medical Dictionary. It's simple to use. Just type the term in the search box. Once you find the definition you need, print the page to PDF and save it to your file.

Access to Taber's Online is not free. The cost of an annual subscription varies depending on whether you want web-access only ($29.95) or you want to add mobile access, as well ($49.95). Now, we did find a discount coupon that appears to be active. We can't guarantee it will work but if you decide to subscribe to Taber's, try using the coupon code. You may end up with a 10% discount.

DollarsDOLLARS & SENSE

Advice on the Business of Freelancing 

Freelance, Insure Thyself!              

 

Last month we received an email from a Pencil Points reader who fell on hard times, literally. She slipped on a patch of ice and broke her ankle, requiring rather extensive surgery and rehabilitation. This got her thinking about insurance, and she asked whether we could discuss the topic in an upcoming issue of Pencil Points. We're glad to oblige!

There are a number of different insurances a freelance can, and in some cases should, have. Of course, health insurance is at the top of the list. Many freelances have a spouse or partner with a staff job and benefits, and that's definitely the way to go. Private health insurance remains expensive if you want decent coverage. Back in the day, Brian had a fee-for-service, $250 deductible-per-person policy that covered him and his family for $775 per month--a lot of money back in 1989, but that's all that was available. Today he pays $850 per month for a 1-person, $1000-deductible point-of-service (POS) health plan. Women need to be especially aware of the "uterus tax"-the higher cost a woman pays for health insurance compared to a man of the same age.

The Affordable Care Act is supposed to "put consumers back in charge of their health care", although we're not certain when consumers were ever in charge of their health care. We love the idea because consumers shop and thereby apply downward pressure on pricing, but try to find out what a test or procedure is going to cost before you have it done and you'll quickly learn what little control you really have. Healthcare in the United States still has a long way to go.

Life insurance is another important insurance for a freelance to have. Whether you opt for a term life policy, which is less expensive so you can buy more of it, but it has no cash value, or a universal life policy, which is more expensive but builds cash value over time, is really up to you. The trick is to buy a good life insurance policy when you're young and hopefully healthy, and stick with it despite the income ebbs and flows of freelancing.

Everyone has home insurance or renters insurance. For freelances, who typically work out of their residences, the thing to be concerned about is whether your homeowners or renters policy will cover you if the FedEx person breaks an ankle delivering a package for your business. A rider to your existing policy is pretty inexpensive, and all you need to make sure you're covered against such mishaps.

One of the most important insurance policies a freelance should have is long-term disability (LTD) insurance. This is a policy that assures you have some income if an illness or accident prevents you from being able to work again. A good LTD policy will also provide income in the event you are able to keep working but are earning less than you earned before the illness or accident. If you currently work at a staff job or recently left a job where you had an LTD policy, there's a good chance you can take it with you by calling the insurance provider after you've gone out on your own. You might even be able to keep the policy set at the income you had at your staff job, which initially might be more than your earnings as a freelance. LTD policies vary in cost depending upon the amount of income you're insuring and other policy variables, and can range from hundreds to thousands of dollars per year. This is a type of insurance you never want to have to use, but you sure want to have it if you need it. In the US, many companies offer LTD insurance. A few of the ones we know about include New England Financial/MetLife and Mutual of Omaha.

There are two other types of insurance freelances should consider: general liability, and errors & omissions (E&O). A business general liability policy will protect your freelance business against claims for professional liability, premises liability, fire, employment-related practices, and others. An E&O policy provides protection beyond general liability, such as negligent acts, and errors or omissions committed during business activities that result in a financial loss for your client. We recommend you consider these types of policies, but we don't say they're a must-have for every freelance because virtually everything we do is guided, reviewed, and approved by our clients. There are several good resources for business general liability and E&O insurance, including Nationwide and Geico. General liability and E&O insurance costs vary depending upon your location, the business you conduct, and your degree of risk, but are typically in the hundreds of dollars per year.

In some states (eg, New Jersey), certain types of business entities (eg, S-Corps) are also required to carry workers compensation insurance. Workers comp insurance protects the employees of your company (ie, you) against work-related injury such as injury from an automobile accident while driving to a business meeting, or developing carpal tunnel syndrome from all that typing. A workers comp policy will pay for the injured employee's medical treatment, replace part of lost wages if applicable, and protect your business and assets. Of course, you're not likely to sue yourself, but as you can see, workers comp insurance may not be a bad thing to have. The cost of such a policy varies depending upon your income, and can be as high as $1200 per year. Policies for workers comp are written by many companies including CNA and Nationwide.

We're not insurance experts, and we don't even play insurance experts on TV. Please do your own research and consult an insurance professional about the insurance products that may be right for your freelance business and circumstances. You can also find a helpful and in-depth overview of small business insurance needs in the Guide to Small Business Insurance Coverage - A Step by Step Guide to Managing Risk In Your Business by Meir Liraz.

WhereWHERE IN THE WORLD ARE BRIAN AND CYNDY?
The Accidental Medical Writer Calendar

We're now in the process of putting together our personal-appearance schedules for 2014. If you'd like us to come and speak at an event you're organizing, don't wait too long to contact us. Our schedule is filling fast!

 

We're excited to report that all of our proposals for open sessions and roundtables were accepted for the 2014 AMWA Annual Conference, The registration brochure is almost complete, so check this space next month for details on when and what we will be presenting.

We would love to present at your next upcoming meeting or event, so invite us!

SavvyTHE SAVVY MARKETER
Marketing Tips to Build Your Business 

Hope Is Not a Marketing Plan         

 

Yes, we know. Most of you don't like to market yourselves and your businesses. Nevertheless, you want to establish your freelance medical writing business, make a name for yourself, and earn lots of money in the process. Those are great goals, but how are you going to achieve them? Crossing your fingers and hoping won't make them happen. Marketing will.

 

Start by ridding yourself of the perception that marketing is sleazy and distasteful. It's not. Marketing is simply the process by which you define what you have to offer, identify your target customers, and then persuade them that what you have satisfies their needs. Developing a marketing plan is a necessary part of the process. Certainly creating a marketing plan requires you to exercise some promotional muscles you may not have used in the past, but it's important to realize that to succeed as a freelance medical writer you will need to market yourself and you'll need to invest some time and money to do so.

 

Let's repeat: you can't just hope to become a successful medical writer and expect it to happen. We believe that anyone, whether you are just starting out or have been in business for a while, can benefit from creating a new marketing plan or tweaking one that's already in existence. A marketing plan doesn't have to be a complicated document, but we do recommend you sit down at the keyboard or with paper and pencil (how retro!) to get your ideas out of your head and into written form.

Here are some steps to get you started.

  • Step #1: Define what you are offering. Unfortunately, many writers aren't successful at their freelance businesses because they can't define what it is they want to do. We realize the scope of medical communications is broad, so begin by researching the different types of medical writing and then focus on the types that mesh with your knowledge and background. Don't just say you want to offer medical writing services. Delve deeper and be specific so you can move on to step #2.
     
  • Step #2: Identify the target customers that NEED what you have to offer. Can't think of any? Then you better do some research to find out which companies buy the type of services you are selling.
     
  • Step #3: Determine how you are going to reach your target customers. There are loads of tactics at your disposal. Some to consider: Websites, direct-mail or email campaigns, connecting on LinkedIn or other social-media platforms, face-to-face networking (you better have business cards!), advertising in the AMWA Freelance Directory, or a combination of all of them. Choose those you feel most comfortable with or that are most affordable for your budget

  • Step #4: Hold yourself accountable. The best way to exercise accountability is to set a goal, say, to contact 3 target customers over the next 30 days using those tactics you identified in step #3. Then do it.
     
  • Step #5: Evaluate the results. It's important to figure out what works for you and what doesn't. Maybe LinkedIn is a better way to develop relationships with your target customers than an email campaign. Perhaps you get more customers through your ad in the AMWA Freelance Directory than you do through direct-mail campaigns. Continue with those tactics that give you the most return on your investment.
     
  • Step #6: Revise your marketing plan as necessary. As you become more comfortable with marketing, and you identify the tactics that are most effective, go back and tweak your marketing plan to get the best results. 
THE FINE PRINT

 

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