Most writers can’t quit their day jobs, and that’s okay — as author Sylvia Plath stated, “Let me live, love, and say it well in good sentences.” Writing may not be a source of great income, but it does add zest to our lives! Good news, writer: The marketing experts know a few ways writing can also add a little zest to your wallet without taking up too much of your time. Here’s how to earn passive income with your writing.
How To Earn Passive Income With Your Writing
Write a best seller. Okay, this is a lot harder than it sounds, but we didn’t want to leave out the obvious answer. If you’re lucky enough to write a book that becomes popular with readers, you can just sit back and watch while sales grow and royalties come rolling in. But while you’re waiting for literary lightning to strike, you might want to try a few of these other ideas.
Monetize your blog. Running a blog takes time and effort, but content that remains well-liked and encourages clicks can be worth its weight in gold for months or years — even when you’re off doing something else. You can monetize your blog through affiliate marketing and advertisements. Look for companies that will pay for click-through affiliate links/referrals, or for you to promote their products.
To attract affiliate opportunities, you should have an established schedule for your posts. Companies won’t pay to advertise on blogs that have an inconsistent (or nonexistent) post schedule. You should also have an established readership. The more traffic there is to your blog, the more money you can earn!
Host a podcast. Your podcast can earn passive income in much the same way your blog can. Start by posting episodes on a regular schedule. We recommend putting out new content no less than once per month, but a weekly schedule is likely to bring in a larger audience faster. Once you have enough listeners, finding sponsors or affiliates will become easier. Record ads in your episodes, and you’ll earn money every time someone tunes in!
Allow other writers to post on your blog. If you have a steady readership, other writers may be willing to pay you to host their writing. The other writer reaches a new audience, you keep your blog fresh and interesting for your readers, and…