Questions

I have passion for words. I love writing and I believe I'm here to write novels. I'm working on my first novel -- I also have a 9 to 5 job but it's not exciting and doesn't pay well like the rest of entry-level jobs. (I'm a fresh grad) Lately, I've been thinking about running a side project that enables me to make $1000/month. I value entrepreneurship but I don't have enough experience to draw my own idea and have a solid business plan to generate monthly revenue. All I know is this: writing is my strongest asset. Any idea/help?

A writer generate income out of side projects by using following ways:
1. Make Money by Creating Collateral for Content-Hungry Businesses
More and more businesses are getting into the content game. This has created a market for smart writers who can write for a specific audience. Breaking into this market can be tough without a few contacts to get you started, but it is not impossible. One smart way to differentiate yourself is to build your own platform, using blogging and guest blogging to demonstrate the expertise you hope to harness for others.

2. Get Paid to Write by Becoming a Best-Selling Kindle Author
Ten years ago, writing a best-selling book was a distant dream for most writers and self-publishing on Kindle was often dismissed as a vanity exercise. But today, thanks largely to Amazon and Kindle, the self-published book market is gigantic and making money from writing books is far more achievable. To succeed, you need to be commercially minded and target an established market with proven demand from readers. However, according to a report earlier this year from Author Earnings, 1,600 indie authors are earning $25K or above from Amazon book sales, and 1,000 published their first book three years ago or less. Nonfiction is the most natural fit for the average blogger, and if you are blogging in a popular niche, the chances are that books covering similar topics will also be popular. If you want to find success as a self-nonfiction author, check out Steve Scott. Fiction writing is arguably tougher, but there is no denying that your earning potential if you do hit it big, is much larger. And it is no coincidence that the most famous self-publishing successes are all fiction titles. Joanna Penn is a prolific fiction author, and her site is rich with information about making it as a fiction writer. But in either case, you need to be led by the market for topic selection. One major advantage of this route is that you continue to earn money from your back catalogue, sometimes far into the future.

3. Make Money Writing as a Conversion-Focused Copywriter
Copywriting, in a nutshell, is writing that is designed to make readers take a specific action. Copywriting may not seem fundamentally different to other forms of writing, but in practice, it is a discipline all its own. So, unless you have a copywriting background be prepared to invest a lot of time in learning the fundamentals. The most famous training course on copywriting is probably AWAI’s Accelerated Program for Six-Figure Copywriting. Notwithstanding the steep learning curve, the rewards of copywriting can be significant. A high-converting sales page might earn you $2,000, plus a slice of the revenues too. As a bonus, a foundation in copywriting will also be valuable should you ever decide to sell your own products.

4. Build a Niche Blog and Promote Third Party Products
So if your dream is to build a six-figure blog, you'd better be as excited about the prospect of running a business as you are about writing your next post. But there is a path to making money from a blog where you still spend a good proportion of your time writing. Promoting affiliate products is a much smarter way to start earning money from a blog than creating your own product. With an affiliate product, someone else has already done the hard work of validating the market, building the product, and enhancing it based on customer feedback. Someone else gets to handle the pre-sales inquiries, payments, refunds, and product support. Ideally, you will know what products you will sell even before starting your blog because then you are growing an audience that perfectly matches your offer. Once you are in a groove, you can think about adding your own products to the mix, using your writing skills and topic knowledge to deliver a specific result that readers are willing to pay for. But when you are starting a blog, promoting affiliate products is the most realistic, and least risky, way to make a living from writing.
Besides if you do have any questions give me a call: https://clarity.fm/joy-brotonath


Answered 3 years ago

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