Freelance writing offers a lot of flexibility which is one of the main reasons so many are attracted to this type of work. However, one of the trade-offs of freelancing is the relative volatility in earnings.
Freelancer writers often have to learn to manage on an income that can be up one day and down the next because a client suddenly no longer needs your services. When you depend heavily on only a few clients for your income you put yourself at risk of not making enough to cover the bills.
To counter this dreadful chance it is best to work on establishing different sources of income early in your career. Take a look at a few of the ways you can do this.
Be a contributor to different sites
There are several sites that offer contributors a small upfront payment in exchange for short well-written articles. This can be a good way to supplement freelance income especially since these sites don’t have a limit on how much you can contribute at any one time. This means that there is no cap on your earnings.
Create content for revenue share
Some of these content sites discussed above also offer revenue share or earnings according to page views. This can either be in combination with an upfront payment as in the case of Helium.com or as the sole compensation as in the case of Suite101.com.
Earn extra income from Ghost Writing
Ghost writing is probably the main source of income for many freelance writers. The key to diversifying your ghost writing income is to take on as many clients as you can efficiently juggle. This way if one of them disappears you are less likely to feel the pinch.
Get paid to blog
Freelance writers are making money writing short blog posts for fulltime bloggers. Some people blog as their sole source of income but there is a lot to creating and maintaining a successful blog so it is not unusual for bloggers to occasionally outsource the writing of blog posts. Writers can also earn money from established “get paid to blog” sites that pay per post.
Monetize your own blog
If you want to cut out the middle man you can start and monetize your own blog. This is a time consuming task though and it is not likely to yield a return in the short term. If you are getting into this venture make sure it is viewed as a long term project.
Write and sell an E-Book
E-books have been demystified by sites like Lulu.com that make it extremely easy to publish your own e-book and put it up for sale. Everything from the number of pages to the cover design and eventual sale can be done on one site.
There are lots of different ways to make money from freelance writing and related services. All you need to do is put some thought into the type of activities that can fit into your current schedule without too much upheaval.
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