Weekly Writing Challenge: Create a New Revenue Stream
October 1, 2007 – 10:51 am
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).
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5 Responses to “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.
By Sharon Hurley Hall on Oct 1, 2007
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. 
By Jennifer Mattern on Oct 1, 2007
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?
By Andrew on Oct 2, 2007
Jenn,
Same question as Andrew. Where can I find PLR article buyers?
And what suggestions would you make in terms of pricing?
By Rayaan on Oct 2, 2007
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.
By Jennifer Mattern on Oct 2, 2007