This week we’ve been running a series on the blog: “make $500 a Day”.
I’ve had lots of responses, most excited, some frustrated.
Of course, several writers were already making much more than $500, but had hit a plateau in their earnings, so let’s deal with that, first.
Does It Scale? (Plateaus)
When you hit a plateau — over $500 a day, and you can’t get beyond it — that means that you need to consider scaling your operation. Almost any form of writing you’re doing WILL scale.
For example, one writer, Luciana, was making just over $500 a day. She’s had some days on which she’s made more, but she’s been on the plateau for six months.
She’s writing erotica ebooks with a partner.
They’ve got a couple of choices:
* Produce more (this means the quality may go down; never a good idea) OR
* Form a publishing company, and start publishing other authors under a brand. (This is a good idea, because it means that they can sell out at some point. A couple of independent publishers have been taken over recently. This will continue. Big Publishing wants as many authors as it can get.)
Luci’s idea — buying advertising — doesn’t work. She now knows it doesn’t work. If she had asked me before they did it, I would have advised her against it. At their level, there’s no way it could work. Freebies work, but only on the Amazon Select level, and this won’t bump their income that much either — and it’s not sustainable.
I’m consulting with Luci and her partner on scaling up their business.
Chances are you don’t have this problem. You may be frustrated that you can’t get to $500 a day with your writing. Or you may be a new writer, and you want to get to the $500 a day stage asap.
In either of those situations, it boils down to your CHOICE of the kind of writing you do, first.
Choose Writing Which Makes $500 a Day
I created a mind map for you, of various forms of writing which can make $500 a day for you.
Choose a form of writing at which you have experience if you’re already writing, and which excites you.
If you’re already an established writer, stick with what you know, IF you’re excited. You must be enthusiastic. Enthusiasm trumps all. If you don’t love what you’re writing, stop it. Over the years, I’ve written stuff I’ve hated. They were the hardest dollars I ever earned. Writing is draining. It needs to feed something in you, or you’ll be so stressed, you’ll become ill. (I did.)
We’ll be covering several forms of writing which can make you $500 a day this week.
If you’ve missed any of the articles we’ve posted, here they are.
A website (or several of them) will easily make you over $500 a day. It’s harder to do this than it was in 2008… I’ve been recommending this to you for years. However, it’s still more than possible.
Focus is everything. It’s all too easy to be distracted.
Writing for others doesn’t scale in the sense that the hours you have to write won’t increase. There are only 24 hours in a day. However, you can get better clients. Everything depends on your mindset, and your workflow.
We’ve got some exciting material for you coming up. Make sure you don’t miss anything; join the ezine subscribers who get the latest fast.
Latest posts by Angela Booth (see all)
- Writing Goals: 5 Tips To Achieve More Goals In 2017 - November 30, 2016
- 5 Easy Tips To Get Your First Freelance Writing Client - November 23, 2016
- Freelance Writing Goldmine: How To Increase Your Income 400% - November 17, 2016