|I'm trying to do research for an article on casinos.|
I've always enjoyed writing. When I was a kid I used to write poetry and short stories. Some of it was probably a little worrisome to my parents but it was an outlet for all of those teenage emotions, confusion and moments.
It's been said to find something that you love to do and then find a way to make money at it. I took this old phrase to heart a while back and decided to dive in and see what is out there in the world of making a living as a writer. The rabbit hole is deep, the competition if fierce and if you don't know what you are doing, the thievery is thick.
My favorite part of online writing is what is called residual income. Residual income is something that you write once and earn on for an indefinite amount of time. I have articles that I wrote in 2012 that I am still making money on. Residual sites include things like this blog, HubPages and stand alone websites that are monetized. The subject matter is the most important thing because it has to be something that remains relevant and isn't considered trendy. Factual information, a recipe or a how to are great choices for residual writing income possibilities.
It takes time to build any type of residual income to speak of. This isn't something that is going to happen overnight. It's something that will take time to build.
My residual income portfolio consists of a few HubPages accounts (one for RB50 that has ZERO content on it) and a nice selection of informational websites that are narrowed in on specific subjects. Everything is monetized with AdSense and affiliates like Amazon and Walmart. Many of the sites have their own Amazon store that is filled with products that I hand picked that have to do with the subject of the site. I have been fortunate enough to come up with a system that is surprisingly successful.
Do you have to be a writer to do this? No. Not at all. If you can speak into a recorder and then transcribe what you said, you can build a successful informational website on a subject that you are familiar with very easily or post stand alone articles, how to tutorials or recipes on a site like HubPages.
How long does it take to make money off of residual writing? That isn't easy to answer but I can tell you that in a nutshell, it depends on your monetization choices. The more the better. If you already have AdSense on a site like YouTube, adding a website to them mix will obviously increase your AdSense income. Building an Amazon store for your site will make it even better.
Over the next few months, I'm going to be posting more about this subject. I originally started a series that I called Money Monday a few months ago but it fizzled out because of a few reasons. After giving it some thought, I think I did a disservice to the people that are actually interested in the information on making legitimate extra money to supplement their current income and I want to fix that, so I will.
I hope you are having a fantastic day and stay tuned because there is more coming. In the meantime, if you have any questions or want me to specifically address something, leave it in the comments and we'll talk!