- Personal Finance»
- Income & Making Money
Debate: Writing for a Residual Income or Writing for Clients?
Residual Income or Writing for Clients ?
I was having this discussion with someone who is just starting out as an online writer. I debated this topic when I first started out as a writer. Although, I make most of my money with print publications now. I still do a lot of writing for Triond and Hubpages. I therefore, was interested in this particular topic. The person who I was discussing this with was basically saying it is pointless working for clients because they pay so little online. I basically told her that a lot of the low paying work you see online is for inexperienced writers who are just starting out. She was sceptical about this anyway, my view is that if you are just starting out as an online writer you should dip your foot into both pools.
Writing for Residual Income
There are a number of sites out there that you can join and start earning residual income from today. The idea behind these sites is, you write content and receive a percantage of the adverstising revenue. However, you have to work hard to promote your articles and get as many people to read your articles as possible. To see a good return on your time, you need to put in a lot of work. This might deter some people from actually going down this route because of the fact that you do not see a return on your time straight away. My view on this is, the time you put in now you will be rewarded for in the future. For example, with Hubpages I started writing a couple of years ago, and I did not see any return on my time. I therefore, stopped writing for Hubpages and then came back at the beginning of this year. I am now seeing a good return on the time that I put in. Some Hubbers are making enough money every month passively that they do not need to put in so much time and work into their hubs anymore. Their hubs are basically working for them, if you know what I mean.
You can continue to earn from your hubs for months, even years to come. However, if you need immediate money then this might not be something that you should rely on for a full time income. You could see it as a way of making extra money and saving for the future.
Writing for Clients
If you write for clients, you do the work and get paid on completion. Some clients will pay you upfront for the work, or give you a percentage of the contract fee. You can either gain clients through sites like oDesk or Elance. Or, you might even find work on Craiglist however, most experienced online writers will find their clients in other ways; even offline or through agencies. Some build their online presence to a level whereby they are constantly contacted to provide work for clients all over the world. The upside to this is that you can get regular money and make a good living if you are willing to work hard. However, at times where people are just not hiring writers you might need an extra buffer. For example, during a recession you might not receive so many offers for work. Therefore, you might have to look for other ways of making money. If you had worked hard on revenue share sites you might even earn some money passively, and you can therefore, ease up on the client work for a period of time.
Some people might think that writing for a residual income is a waste of time. Because of the fact that you put so much time and effort into your work and you might not get a major return on your efforts. However, when it comes to writing or revenue share sites if you work hard and write good quality content you will build yourself a long term residual income. Writing for clients can be a stable income if you provide a good and reliable service for your clients. Therefore, in conclusion if you are just starting out as an online content writer, the best thing to do is choose one or two content sites and slowly begin building your writing profile on there. You can also offer your services to three or four clients that will provide you with long term, reliable work.