Multiple Streams of Income for Writers
Freelance Switch has a nice overview of ways to create multiple streams of income. First, they review why you might want multiple streams of income and then they present 11 ways to do so.
As a summary, it’s fine. Some of the suggestions like create an ebook or start a blog, make perfect sense for writers.
What bugs me about this type of list is that it makes it sound incredibly easy to create multiple streams of income. It’s not. An ebook takes serious marketing to make serious money; a blog needs a whole bunch of readers before there’s any income, let alone a lot of it.
It’s not that there’s anything wrong with the article. If you haven’t thought much about creating residual income, it’s a good starting place, but it’s only that.
What’s your experience with creating residual income? Do you have any? A lot? What have you done or what do you plan to do. Let’s talk about it in our comment section.
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12 opinions for Multiple Streams of Income for Writers
Lori
Sep 25, 2007 at 9:39 am
Anne, I have to agree with you. It’s a good place to start. Everyone has a different approach to survival in freelancing. What works for me may not work for you. You make money at ebooks. I can’t seem to put one together. While it’s great to share ideas, no one all-encompassing solution exists that all writers can apply successfully.
Anne Wayman
Sep 25, 2007 at 2:30 pm
Lori, I make some money, small money with ebooks… am trying to get it together to do a better job marketing them, which is requiring some rewriting and rethinking… sigh
glad you’re here
Kaj
Sep 27, 2007 at 12:47 pm
I’m trying to make some money with blogging. I have 3 blogs, but I earn very very little with this. It is a starting for me because I have my regular job as a secial needs teacher. That’s also what I write about. I also write in dutch and because of that I have less visitors as I would have in English.
Anne Wayman
Sep 27, 2007 at 5:01 pm
ah, but you’ve got a start, Kaj… what about some translation as well?
Kaj
Sep 28, 2007 at 1:24 pm
I’ve got a start and it is great fun. I never saw myself as a writer, but now I start to love it and see it as a way to express myself with the things I know about my work in education and what I like (ICT). I’m also working on a blog about blogging and writing and earning money with that. But that’s very young and has to be filled with articles.
Do you mean translation work of others or translation of my blogs?
If you mean transaltion work of others I would like to do that, but I don’t have enough time for the moment because of my regular job as a special needs teacher.
Anne Wayman
Sep 28, 2007 at 3:18 pm
Kaj, I was thinking of translation as paid work, for others, but if you don’t have time I understand.
Teaching special needs is a huge contribution… thank you for all you do.
Kaj
Sep 28, 2007 at 3:41 pm
I would like to do more writing and freelance work (like presenations). I would like to do translations, but mostly I think the time is to short.
Do you have some tips for me about translation?
Anne Wayman
Sep 30, 2007 at 7:45 am
Kaj, I don’t know much about translation at all… I just see lots of ads… maybe someone else here or on the forum knows more than I do?
Kaj
Sep 30, 2007 at 1:14 pm
ok, thanks. Perhaps some one else will react.
Because of your post and answer i get more excited by the day the try to start earn a living by writing. I will think about it and try to work something out.
allena tapia
Oct 1, 2007 at 8:37 am
Kaj– I do Spn-Eng-Spn translation very occasionally, more as a back up for some people, but I know there are a million positngs for translators on Elance.com. You do have to register and maybe even pay for the service, but I like it and got my money back immediately. It’s not one of those scam scrapers, I promise. I write more about it at http://www.freelancewrite.about.com if you are interested.
Anne Wayman
Oct 1, 2007 at 9:04 am
Allena… thanks!
Kaj
Oct 1, 2007 at 12:26 pm
Thanks Allena,
I’ve put your feed in my feedreader. I will follow it. And also thanks for the link about translation. I will have a look at it.
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