|
|
Freelancing Writing: More Than One Type of Writing Income
In the field of freelance writing, particularly with online freelance writing, a freelance writer needs to know that there is more than one type of income. There are the one time payments that most writers are familiar with. This is the basic form of most writing payments and is probably the type of payment that freelance writers are most used to.
You ghost write an article and get paid $10, or you write one article for an online writing website and get $5 up front. This is the one time payment, and the type of payment that most freelance writers are used to.
Then there is passive income. Passive income isn't a recent idea, but the changes in technology have made passive, or residual, income more common than ever. The best example of passive income before the Internet age would be royalties from a published novel.
Passive income is when an article that you wrote, or a website you set up, continues to make money for you long after the initial job is done. Many times online this is done with services like Google AdSense, or with writing for websites like Squidoo, Hubpages, or Associated Content (which has a page per view bonus). As your articles are picked up by the search engines and continue to rank higher, you can continue to earn money on views weeks, months, or even years after the initial article was written.
Online freelance writers have the ability to earn both types of writing income: passive and the normal one time payments. In fact, a good strategy for freelance writers is to get paid for the one time assignments up front to make a full time living, and then to work on potential passive income revenue streams for the long term goal of making enough residual income to live comfortably.
The combination of passive income and pay up front assignments can allow online freelance writers to make an excellent living. Many writers have a hard time with this, and the key is to be persistent, and to not give up. The more a writer sells, the better his or her portfolio is and the easier it becomes to get work. Far too many writers have given up in under a year, and so never learn the in and outs that could have made them successful business people, as well.
When writing online, don't limit yourself to only one type of income. Freelance writers need all the income they can get, so work to get all the passive and active income that you can earn!
|
 |
Please Rate: |
|
Rating: |
 Processing ... |
(Average: Not rated) |
| Views: | 31 | |
|
| More Articles from Writing | | |
| Top Articles in Writing | | |
|
