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As a writer, you’re usually trading your time and your life for money. If you think about it, you might as well be working at a real job. 
Trading time for money is OK in the early stages of your career, but as soon as possible you should start thinking about how you can develop sources of income via your writing which go on giving you income for months and years to come without you putting in more time.
Your skills can and should work for YOU
As you’re aware, millions of people go online each day to find INFORMATION. You’re a writer, so you deal in information; communication is your field.
So start thinking about ways in which you skills can create passive income by providing information, rather than trading your time for income. Authors who write books already do this. They license their books, and collect royalties - passive income, in other words.
There are two major ways in which you can create passive income streams online.
Here they are: ebooks and informational (or fun) Web sites.
Ebooks are easy to create. If you’re getting writing gigs, you may already have written some ebooks for others to sell online. You can write your own ebooks, and sell them.
Creating Web sites is another way of developing passive income streams. I know of several writers who’ve sold sites of ten pages for five-figure sums. Very nice income, for just a few hours of writing. And no, you don’t need to be a tech genius to create sites - it’s easy. If you can create a word processor document, you can create sites.
Start thinking about your writing, and how you can use your skills to develop passive income. If you just create one new income stream a year, this takes a lot of pressure off you - you can take the occasional vacation and mini break without feeling guilty.
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Angela Booth
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