Weekly Writing Challenge: Create a New Revenue Stream

By 

This week's writing challenge is all about helping you to earn more money. Too many writers get themselves stuck in a single or limited revenue stream model. This means that if one model fails them (demand drops, their site ads get banned, etc.), they're left without a backup. Yet writers have a lot of potential income streams if you think about it. Here's how I diversify my own writing income:

  1. Writing for clients
  2. Writing for my own sites (ad revenue)
  3. Selling an e-book
  4. Selling PLR business articles
  5. Selling reprint rights to some articles on my sites

Those are a few examples to help you find a new model to pursue. Test out whatever fits in with your style and industry. Start an e-book or report to sell. Start offering reprints for a fee. Maybe launch a membership site for an even more passive revenue model. Just start to diversify (or diversify a bit more if you're already trying).

Like this? Please share.
Tweet about this on TwitterGoogle+Share on FacebookPin on PinterestShare on LinkedInBuffer this pageShare on RedditShare on StumbleUponEmail to someone
Short URL: http://3bm.co/nltIQO
The following two tabs change content below.

Jennifer Mattern is a professional blogger, freelance business writer, and indie author. She began writing for clients in 1999 and started her first blog in 2004.

She owns 3 Beat Media - a publishing and client services company which operates All Indie Writers as well as several other websites and blogs including The Busy Author's Guide and BizAmmo. Jenn comes from a background in online PR and social media consulting, having owned a small PR firm for several years before choosing to pursue a full-time writing and publishing career.

Jenn also writes fiction under multiple pen names in the areas of children's fiction, mysteries, and horror fiction. Jenn is an active member of the Horror Writers Association (HWA) and currently serves as the organization's Assistant Coordinator of Promotions and Social Media.


key to writing success
Your key to a more successful writing career:
Join the FREE All Indie Writers community. Register today for access to the writing forums, and be one of the first to gain access to new e-courses, coming soon!

The 30 Day Marketing Boot Camp for Freelance Writers

5 Comments

  1. Sharon Hurley Hall October 1, 2007 Reply

    I’m going to go the ebook route, Jennifer. I’ve got a couple of ideas – all I need to do is get them written.

  2. Jennifer Mattern October 1, 2007 Reply

    I’m working on one myself. I really just need a solid 1-3 days to sit down and write without any distractions (it’s a long one), and I could knock it out. Finding big blocks of time is the touch part. It’s outlined now, and I need it done in no more than 3 weeks, so I’ll probably be doing that shortly. :) It’s actually on building pre-launch buzz for authors dealing with book publicity (because I was asked to participate as the expert in that subject for an online seminar for authors at the end of this month). I probably won’t be releasing it before the event, but I want a few testimonials by then, and I’ll be releasing its corresponding blog shortly before then – my own bit of pre-launch buzz for the e-book. :)

  3. Andrew October 2, 2007 Reply

    I’m intrigued with the idea of writing PLR articles. I’ve heard of these from threads at DP and SitePoint, I’ve even seen some of the articles, but a quick search on Google shows only people selling affiliate rights to these. How does a writer make contact with PLR buyers?

  4. Rayaan October 2, 2007 Reply

    Jenn,

    Same question as Andrew. Where can I find PLR article buyers?
    And what suggestions would you make in terms of pricing?

  5. Jennifer Mattern October 2, 2007 Reply

    What I do is set up a website (FirstRateContent.com in my case), where I list the packages, the article titles in each package, and one sample from each package. Then I occasionally promote them in webmaster communities, which is where a lot of PLR buyers can be found. It’s going to depend on your niche and type of PLRs though. In my case, I try to offer reasonably high quality PLR articles in a business niche as opposed to the low quality, often ripped, mass PLR article packages some people market. I go for quality over quantity. While I don’t promote it heavily, it’s rare that I don’t have a repeat buyer with that model, and a few have purchased every set available. So that’s how I do it as an example.

Add comment

By using this comment form you agree to the site's Comment Policies.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Current ye@r *

CommentLuv badge