Passive Income for Writers

Published on November 14, 2020

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We’re going to talk today about how you can use your ability to write, to create passive income for yourself. Longterm. You’re going to love these four ways that you can create passive and royalty income from your intellectual property; from your ability to write.

So the very first thing that you can do is you can write eBooks. Oh no, I know that you’ve heard this before, but you may not have thought about it in the way that I’m about to present it here today. The really interesting thing is, is that you have these great marketplaces where you can write and, and publish something today and literally have it start making you money later on this very day. And that’s what marketplaces like Amazon, Barnes and Noble, Apple and other places I want you to concentrate on.

Now, the second way to make money with your writing is you’re going to love this too. It is through something called P L R or private label rights content. Now, what is private label rights content? This is content that you create. In this case, it’s going to be a written document of some kind. They’ll buy your ebook and other words and because it is a PLR type of document, they get to put their own cover on it if they wish their own name on it and keep, if they’re selling that, that thing that you’ve written, they get to keep 100% of the profits for it. Now, the really nice thing about the whole idea behind P L R is that we live in a time when content marketing is King. We are all looking for great quality content to provide to the people and to the demographic that we serve. you are taking your knowledge and you are distilling it down into a document that you can then sell to other people so that they could then use it in their email newsletters and in their blog post wherever they want to use it.

Now let’s talk about the third thing that you could do. Another one that you’ve probably heard of it, but we’re going to approach it in a slightly different way and that is blogging.
Literally five minutes from right now, if you don’t have your own blog, you could have one up on a site called blogger.com which is wholly owned by Amazon, so you have a site on blogger completely free. Then you’d go get yourself a Google AdSense account and you can write a blog post and put the code in for your Amazon AdSense account. Google will actually look at your content and place related ads for your material, whatever you wrote there, and if somebody comes and reads your article, your blog posts, and then clicks on one of those ads, you’re going to make money. And because it’s sitting on these, you know of basically a free site that your blogger site, it’s passive.

Now the fourth way you’re going to love this, particularly if you’ve written any type of ads or ad copy, and that is as a copywriter. So as a copywriter, you can in fact set yourself up to earn passive income from your writing. And here’s how this works. Often some of the best, most profitable copywriters on the planet will charge exorbitant upfront fees, $30k, $40k $50,000 to write some sort of a piece, and in addition to that upfront money, they will charge a percentage of sales on the backend. Hence once again, passive income.

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Now do not get me wrong. passive income streams do take some work to establish. They deal with developing passive income streams like a task. The very first choice is searching for part-time tasks locally.

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Passive Income Sources – 3 Types

I make sure by now you may be asking your self, what does all this pertain to passive income ideas? First of all, passive income gives you time liberty. You may ask.The answer lies in two crucial aspects.

Many people would enjoy a possibility to make money for extremely little work. It would be great if all the work you did settled routinely for the rest of your life with no extra work from you. While this may look like a crazy idea, there are really numerous manner ins which you can make passive income on a monthly basis. This is merely income that comes no matter what you do, and needs no effort to maintain. It may feel a little like getting cash totally free, although you need to make smart financial decisions or an initial financial investment to receive the cash. Below are some ways you can make this type of income.

Now, I have a setup where I can work if I play or wish if I wish – at my own discretion! I chose a number of years ago that I could quit my daily job, develop some more passive income sources and do what I want whenever I want – for the rest of my life! If the federal government wants to give me a Social Security examine at some point in the future, I definitely will not turn it down, but we can get along quite well without it, thank you.

As quickly as possible, in addition to composing for pay, you ought to also establish passive income streams. Create your own ebooks and other items which will cost you year after year.

Another of the great passive income ideas to consider is to make financial investments. Becoming a shareholder in a business that pays dividends to their financiers is a great way to guarantee that you will have cash coming in on a continuous basis. The majority of business pay dividends quarterly. The number of shares you hold, determines just how much your dividend will pay.

It needs to be a short term and medium range goal to have 3 or more different income sources working for you at the same time. One of the easiest ways to do this is by being an affiliate marketer where someone else has the item and you market and promote it online. You make a certain portion of the deal if it sells. This is a crowded market but if you discover niche markets you can do well in it.

That’s at the high-end of the scale. Many account owners make just 3-5%, as their cash is being in a bank someplace, as a certificate of deposit. That’s “technically” self directed IRA passive income, but 3 to five thousand per year is not going to assist you retire in the style, you may like. In truth that 8% would not assist too much either.

You do not need to work all alone. Specialist assistance is a need to in any passive income company launch, and while you may anticipate to be thrown in at the deep end from the extremely beginning this is not the case.

Setting it up is not extremely easy, but if you do it right, it can undoubtedly deserve it. ClickBank is a terrific location to start and find a good item to promote. Getting paid to deal with specific clients is great.

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