Passive Income Ideas for Online Freelance Writers - Write It Once And Generate Residual Income

Passive Income Ideas for Online Freelance Writers - Write It Once And Generate Residual Income
By Evelyn Bourne

Passive income is one of those things that seems like it's the 'Holy Grail' of online marketing. Many people who have online businesses are looking for ways that they can generate passive income streams so that they can leverage their time and effort now for a return later on. I'm going to share what I am learning about how writing on the web today can lead to passive income down the road.

I've been a web content writer for several years now. I love the work, and I enjoy working with my clients and being able to call the shots in my own business. In many ways I'm living a dream that I held for years when I would go to work each day and plop down in my chair in my cubicle in jobs that I did not enjoy but I felt at the time that I had to do them to pay the rent and feed my children.

When I first started out doing web content development and ghostwriting for clients I began to feel like maybe I had traded my 9-5 for yet another dead-end work situation because I was still trading time for dollars, but I was not getting paid sick days or vacation days. As time went by I kept my eyes and ears open to the opportunities that were available to me as I learned more about Internet marketing and making money online.

I learned that as a web content developer I could begin to start earning a passive income by writing articles much like the ones I was writing for my clients and publishing them online and getting paid a share of the advertising revenues that the content generated for the site. Now, in addition to the valuable service that I provide to my clients, I am also investing in my future income by maintaining a portfolio of blogs, and writing and publishing content that I get residual payments on month in and month out after having done the work once.

Here are a few ideas for generating passive income for freelance writers:

Blogging

Blogs can generate passive income in a couple of ways:

Ad revenues: Through programs like Google AdSense or other contextual ad programs you can receive a check each month from the ad revenues that your content generates.

Affiliate marketing: Promoting products that would appeal to your blog's audience and getting paid a commission when your visitors click on your affiliate link and purchase a product.

Content Sharing Sites:

You write and publish original articles and publish them on these and several other content sharing websites and then get paid monthly for a portion of the ad revenues.

* Hub Pages
* Associated Content
* Helium

Product Creation:

You can create your own product and offer it for sale on your website. This could be an ebook about a topic that you have some knowledge or expertise in, an audio program or a how-to video series. You create the product once, and you continue to get paid for it each time you sell a product.

The trick is to schedule time each week to write and submit content either to your own blogs, or to the content sharing sites. It takes several articles before you start generating more than a few dollars a month, but the good news is that as long as the content is on the site you will keep getting paid.

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