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).