Weekly Writing Challenge: Create a New Revenue Stream
This week’s writing challenge is all about helping you to earn more money. Too many writers get themselves stuck in a single or limited revenue stream model. This means that if one model fails them (demand drops, their site ads get banned, etc.), they’re left without a backup. Yet writers have a lot of potential income streams if you think about it. Here’s how I diversify my own writing income:
1. Writing for clients
2. Writing for my own sites (ad revenue)
3. Selling an e-book
4. Selling PLR business articles
5. Selling reprint rights to some articles on my sites
Those are a few examples to help you find a new model to pursue. Test out whatever fits in with your style and industry. Start an e-book or report to sell. Start offering reprints for a fee. Maybe launch a membership site for an even more passive revenue model. Just start to diversify (or diversify a bit more if you’re already trying).
Related posts:
- Weekly Writing Challenge: Rethink Your Freelance Writing Rates
- E-Books and Reports – An Additional Income Stream for Freelance Writers
- Weekly Writing Challenge: Build a Query List
- Revenue Streams for Writers – Membership Sites
- Weekly Writing Challenge: Make Your Settings More Authentic
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5 Comments on “Weekly Writing Challenge: Create a New Revenue Stream”
I’m going to go the ebook route, Jennifer. I’ve got a couple of ideas – all I need to do is get them written.
I’m working on one myself. I really just need a solid 1-3 days to sit down and write without any distractions (it’s a long one), and I could knock it out. Finding big blocks of time is the touch part. It’s outlined now, and I need it done in no more than 3 weeks, so I’ll probably be doing that shortly.
It’s actually on building pre-launch buzz for authors dealing with book publicity (because I was asked to participate as the expert in that subject for an online seminar for authors at the end of this month). I probably won’t be releasing it before the event, but I want a few testimonials by then, and I’ll be releasing its corresponding blog shortly before then – my own bit of pre-launch buzz for the e-book. 
I’m intrigued with the idea of writing PLR articles. I’ve heard of these from threads at DP and SitePoint, I’ve even seen some of the articles, but a quick search on Google shows only people selling affiliate rights to these. How does a writer make contact with PLR buyers?
Jenn,
Same question as Andrew. Where can I find PLR article buyers?
And what suggestions would you make in terms of pricing?
What I do is set up a website (FirstRateContent.com in my case), where I list the packages, the article titles in each package, and one sample from each package. Then I occasionally promote them in webmaster communities, which is where a lot of PLR buyers can be found. It’s going to depend on your niche and type of PLRs though. In my case, I try to offer reasonably high quality PLR articles in a business niche as opposed to the low quality, often ripped, mass PLR article packages some people market. I go for quality over quantity. While I don’t promote it heavily, it’s rare that I don’t have a repeat buyer with that model, and a few have purchased every set available. So that’s how I do it as an example.