There is perception in the world that writers love to write but they don’t make much money. This might be true in a number of cases. On the flipside though, there are also writers out there who not only love to write, but they are also making money doing so, either to earn extra cash on top of a day job, or to earn an entire living.
If you are interested in learning how to diversify your income, read on to find out about how to make money writing:
Self-Publish Books and eBooks
Do you have a book that you always wanted to write? Perhaps you could even write an eBook? Or you could make available both a digital version of your book and a paperback version through self-publishing. Self-publishing as a business model has empowered people all over the world to make money writing.
Writing and selling books and eBooks, however, isn’t easy. It takes hard work, patience and effort. Having said this, the money making potential is certainly there. Why not give it a go? Start writing your books and eBooks, and learn how to market them. If you do it well, your work may end up making you money for the rest of your life.
Start Freelance Writing
There are many newspapers and magazines, both offline and digital looking for talented and professional writers. How about becoming a self-employed freelance writer offering your services?
There are some great online sites such as oDesk and ELance, where you can set up a profile as a freelance writer offering writing skills in whatever speciality it is you offer, such as technical writing, business writing, creative writing, blog writing and so on.
As a freelance writer you could even do ghost writing where another writer or author pays you a fee for writing some material. You get paid for your work and the buyer takes credit for the writing.
Create a Business Website
In order to further push the potential of your freelance writing business, it is definitely worthwhile setting up your own website offering your services, which can act as a further channel for clients looking for a writer like you.
Another way to make money, although this way can take some time, is to start writing a blog about a particular area of interest to both you and readers who would be looking for the type of information you provide.
Once you have generated enough traffic to your blog, you then commercialise the actual blog, either through selling advertising space to companies looking to offer services or through affiliate marketing, where you promote the products of other businesses on your blog. If a reader clicks an affiliate link on your blog which ends up as a sale for another business, you will get a commission from the sale made.
Although with this approach you’re not directly making money through the writing you’re doing for you blog, you’re indirectly making money through selling advertising and through affiliate marketing.
Image credit: TaxRebate.org.uk on flickr and reproduced under Creative Commons 2.0[author] [author_image timthumb=’on’]https://writingtipsoasis.com/wp-content/uploads/2014/01/hv1.jpg[/author_image] [author_info]Hiten Vyas is the Founder and Managing Editor of eBooks India. He is also a prolific eBook writer with over 25 titles to his name.[/author_info] [/author]