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:
- Writing for clients
- Writing for my own sites (ad revenue)
- Selling an e-book
- Selling PLR business articles
- 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).
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.
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