Pros and Cons of Using Freelance Writers Websites That Share Revenue
Is Writing Articles for Rev Share Sites A Safe Bet?
In the past, making money writing articles for revenue-sharing sites was once an easy way to earn passive income online fast, but things have changed quite a bit over the last couple of years. Ongoing Google Panda updates and increasing keyword competition has made it more difficult to earn money online without careful planning.
Back In 2009, you could sign up for the Writers Compensation Program over at eHow.com, write short "how to" articles and earn hundreds, even thousands, of dollars in passive income every month.
Writing articles for eHow was probably one of the easiest ways to generate cash flow online in very little time, even for beginners, but that came to a screeching halt when eHow decided to close their rev share program.
You can still make money writing articles for sites that provide revenue sharing options, but it's not as easy as it was before and putting all your eggs in one basket is risky business online. The best place to earn passive income from writing is Hubpages.
Here are some of the pros and cons associated with revenue sharing sites for writers:
It's free. Other than your time, there is no investment, unlike running a blog where you would have to purchase a domain name and a hosting plan.
Earn passive income. There is nothing better than earning money over and over again whether you work or not. The best part is that you can continue earning money from content that was published months, or even years ago. It is possible to generate well over $1,000 per month in passive income writing articles for freelance writers websites that provide revenue sharing opportunities, but today, it will take more writing and more planning to make that much money. You can certainly accomplish this with your own site, which I recommend, but that will take a lot of time and not everybody is patient enough to wait.
You don't need your own site. You are using an established site to make money, so you don't have to spend time setting up a site, designing pages, replying to comments, making updates and other duties that go along with running a site.
Getting traffic is much easier. A brand new site does not have authority or much content ranked in the search engines yet, so it will take time to establish a traffic base to make money. Prominent revenue-sharing sites, such as HubPages or Suite101, already get tons of traffic every day that you can use to your advantage.
More traffic. You will receive traffic from people already on the site itself, as well as Google traffic. With your own site, you would be relying on Google traffic all the time.
Established page rank. Sites like Hubpages already have a good page rank, which helps your article content move forward faster in the search engines. Even with the new sub-domains on HubPages, it is pretty easy to increase its page rank.
You could lose everything overnight. If the site shuts down, changes their policies or terminates their writing program like eHow did, say goodbye to your passive income stream. Nothing lasts forever. If you are not diversifying your income online, you could suffer a big loss. Same thing with Adsense niche sites. Adsense won't be around forever.
Earnings are limited to a shared percentage. Some sites don't disclose how they share revenue with writers, but other sites do. If you have your own site optimized with Adsense, you would earn 100% of the earnings.
Google Panda updates can destroy monthly earnings if all your content is published through sites that take a big hit. Several rev share sites were slammed by the Panda updates in 2011. The updates will continue in 2012 and beyond. Some sites were not that negatively impacted by the changes, but most were. Writers saw their monthly earnings cut in half or even down to nothing. I have several niche sites that were barely impacted by the updates and bounced back shortly after.
Low pay. Earnings from rev share sites don't amount to much at first. It starts with nickle and dimes. There are several freelance writers websites with rev share options and many of them are a total waste of time. The Hubpages Ad program is currently the best in my opinion.
Minimal ad placement control. On Hubpages, you have more control over ad layout, but every site is different. At least with your own site, you can tweak the ad placement to get the most out of the advertising revenue.
Writing articles for revenue sharing sites can be very rewarding, but it's risk if that's the only way you're making money online. Google is gradually changing the way content is found and the search engines are also becoming more saturated with made-for-Adsense niche sites.
The only site I will currently use for revenue sharing is the Hubpages ad program. Most of the other sites I have tried after eHow amounted to nothing but a waste of time. It is wise to diversify income online and don't put all your eggs in one basket in case something happens.
Joining sites that provide up front payments for articles is a good alternative to revenue sharing and niche sites. You can earn money faster this way, but you must work every day to make the money.