Freelance Writers: How to Create Additional Income Streams
Posted on : 02-03-2010 | By : Administrator | In : freelance writing, marketing, writing
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With thousands of journalists having lost their jobs as the global economy as a whole and the publishing industry in particular under go major shifts, many writers are turning to Freelance writing as a way to earn a living. But one of the challenges of making your income by providing a service is that when you are not doing client work you are not getting paid. The nature of the service business is that there will be lean times when you don’t get enough assignments from clients, and other times when it seems like you might need to sub-contract out some of your work.
For those freelancers who are striving to find a way to be free of the tyranny of trading time for dollars there are many opportunities on the Internet to create additional passive income streams that can generate income for you while you pursue the work you love. Eventually, you may be able to build these income streams to the point where you can actually work less and enjoy life more without losing income. Let’s take a look at three options:
Create Niche websites
Choose a topic that you are knowledgeable about and passionate about and create a blog on that topic. Do some research to narrow down some core keywords and focus your content on those keywords. Create a rich variety of content including video that goes deep within your narrowly defined niche. For example, rather than writing about womens shoes, you might choose a few specific designers, or styles to cover.
In between client assignments you can create content for your own site. As your following grows you can start to sell advertising and generate some revenues in that way.
Creating a blog widens your exposure, helps you begin to establish a platform and can serve as an example of your work for future clients.
Create your own information products
Take your passion and knowledge about your topic and write an eBook, a video tutorial series, or a podcast. First create a valuable, informative eBook that solves a problem or supplies useful information and give it away in exchange for your visitors’ name and email address. Once they are signed up to your email list you can continue to communicate with them sharing more content and offers to buy products or services in your niche.
Sell PLR rights to your articles
Another great way to create passive income is to write up sets of articles between 450 and 550 words on a particular topic and sell Private Label Rights (PLR) to them. People buy PLR products and then re-purpose that content for their websites, blogs and information products. It saves them the time of researching and writing the content themselves and you get to do the work once and get paid every time you sell another batch of articles.
So, if you’re a freelancer who has experienced those ‘feast or famine’ days, try setting up some additional income streams to help tide you over and maybe eventually replace some of your regular income.











