As a freelance writer, one of the major stumbling blocks to increasing your income is this: you’re trading your hours for money.
Even when your hourly rate becomes a respectable $200 an hour, there’s still a block on your income because you’re limited in the actual writing you can do per work-week.
By the way, if you’re thinking you can write for 40 hours in an average work-week — no way. You need to deal with clients and handle the 1001 aspects of your business which don’t include writing, even if you have assistance. Aside from that, you’re TIRED at the end of four hours of solid writing a day, so a writing work-week is something like 20 hours, for most writers.
Therefore, assuming that you’re making around $4000 a week from your writing, that’s the limit you can earn from the sweat of your tapping fingertips and cudgeled brain.
There’s an answer: become an ebook or information product entrepreneur. With information products, you can sell your creations for years to come, even while you sleep. This removes the block on your income.
I hear from many writers however who find developing an info product business a challenge. They think of themselves primarily as writers, rather than as entrepreneurs.
Here’s the answer: you need to plan.
In Write Ebooks That Sell – Start With a Simple Plan » Top Ebook Writer I wrote about questions to ask yourself as you plan:
“* When will I launch my first ebook?
Or, if you’re acting as an affiliate, when will I start marketing my first affiliate product?
This initial question asks you to set a deadline. Even if you’re producing your own ebook, set the deadline no longer than three months ahead, maximum, otherwise you’ll lose your initial impetus which inspired you to start your business.
* How much income do I want to make in years one and two of my business?
Set an income goal – you can’t hit a target if you don’t create the target.”
Planning is essential. Once you’ve created a preliminary plan (it will change as you keep working) chunk your plan down into half-hour tasks, and complete the tasks.
Even if you’re a brand-new writer, start thinking about how you can be paid for your writing long after you’ve written it by creating ebooks, otherwise you’ll always be a wage-slave, because you’re trading hours for income.
Create the perfect writing business: become an ebook entrepreneur
Stop trading hours for money. You can remove the blocks on your income with my ebook-creators package. You discover my secrets, developing over years of writing and selling information products.
Ebooks and other information products are HOT. If you can write, you’re golden. Get started creating your ebook empire today.