You can write all you want, but you’re an amateur until somebody gives you money for what you’ve written. There’s nothing wrong with that for all the folks who write for the simple joy of the craft. If you want to make it as a full-time writer, though, you need to get paid for your work. Either that, or marry somebody rich.
Not too long ago, there was just one model of getting paid for your work. You sent your work to magazines or book publishers and hoped they liked it. If they did, you got some money and then started up on your next project.
That situation has changed. Traditional publishers are starting to hemorrhage. The market isn’t as strong, and the pay isn’t as good. That’s the bad news — and it’s not comforting. The good news is that as that market fails, others have sprung up.
1. Advertising Revenue
If you blog, or have another kind of website that brings in traffic, you can set up advertising accounts that get you paid for every visitor who clicks through to the ad. Google Ads will work with your page even before you have any traffic, paying you a small fee for each visitor. As you get increasingly more visitors, you can find higher-paying and more focused sponsors.
2. Content Writing
Print magazines that sell advertising and subscriptions close every day, but they are being replaced by websites hungry for a constant stream of fresh, well-written content. Many of them work on the ad revenue model from above, only on a massive scale. The best sites pay up to $25 for a 500-word article on basic topics, up to several hundred for longer feature pieces.
3. Company Blogs
Company websites need blogs — they’re one of the surest and simplest ways to keep a page high in the search engine rankings. They also provide useful information that attracts and interests potential customers. Although large companies have their own people for this, small businesses can’t afford a full-time guy, and the owner rarely has the time and talent to do it right. You can reach out to local businesses and offer to do their blog, or search writing job sites for potential clients.
Instead of submitting your book to a traditional publisher, you can make your own e-book and distribute it on your website, via eBay and on Amazon. Print publication through on-demand printers is also an option, but e-book printing is free. There’s no risk other than the time you spent to write the book…and your share of the profits is much higher than if you’d published through a traditional house.
Later, I’ll go into some of the best practices for success in each of these models. I don’t pretend to know everything, but I’ll share what I do know.
Thanks for listening.