Be the Tortoise When Writing for Residual Income

Though I have not been writing for residual income for long, I have seen the potential for making money long-term with seo writing. For instance, I have seen my E-how monthly income rise by $5 a month since I started writing. Though this meager amount is nothing to get excited about now, it shows that I can build my residual income over the long run. So in short, slow and steady wins the race and it pays to be the tortoise rather than the hare.

That said, I think it is important to write as many articles as you can when you are starting out. I look at it like banking. The more money you are able to place in savings when you are younger, the more money you will be able to earn through interest. I see the residual writing game in much the same light. Compiling a large collection of articles on many sites early in the game, will help you see your residuals grow more in the long term.

Ofcourse, like any good savings plan, regular deposits are a must. Once you have reached an initial goal of 50-100 articles on any site, start a new minimum goal for each site. You could require yourself to write at least one article a week, or two a month. As long as you are contributing regularly, you can see steady residual growth.

Staying with the savings and banking analogy, make sure to also diversify your deposits. Bank articles in many different residual sites to see money from each. Each site will have its own positives and negatives. Having articles in many online communities and sites will help you establish your online presence and bring in more revenue. Some online residual sites to consider include ehow, bukisa, associated content, suite101 and hub pages. Any of these sites, with the exception of associated content, can be accessed by clicking on the links on the side bar of this page.

Remember that slow and steady wins the race. If you stick with it, you will see returns and growth. Good Luck!

Making the Most of a Layoff

As many of you out there, I have been hit hard by the recession. I thought that I was one of the lucky few who had a job that was recession proof. As a teacher, I thought that I would certainly have a job next year. So when I was called into the principal's office and told that I was being let go due to financial and staffing issues, I was shocked. It turns out even public education has been hit hard by the recent economic downturn.

So, after allowing myself to be shell-shocked for a couple days, I decided to devise a plan of action that would allow me to make money even if I couldn't find another teaching job. I earned my first degree in journalism and I remembered my professors talking about freelance writing. I thought that I might as well give it a try. Little did I know that the Internet had made freelance writing extremely convenient and endlessly profitable.

I did a couple of searches for freelance writing sites and read a few blogs about freelance writing on the Internet. I started with a website called Ehow.com. Ehow allows writers to post articles about how to do just about anything. The articles earn residuals, that is to say that they earn money based on how many people read the articles and find them useful. The more articles you write, the more money you earn, and Ehow articles continue to make money as long as they are posted online.

I eventually went on to find more residual-based sites such as Bukisa and Suite101. These sites allow you to write about whatever you want. Writers earn more at Bukisa when they build their network by asking friends to sign up. Suite101 also pays residuals and a bonus of 10% once you publish 50 articles. The site provides excellent editor advice as well. By writing for these different sites, I am able to improve my skills and enhance my monthly earnings.

I also found some sites that pay up-front payments for articles. Demand Studios pays $15 for every article accepted. They also have a stringent editing process and many times they will ask for a rewrite of your article. If you have strong writing skills though, you will be able to make fairly decent money with Demand Studios. Demand Studios also provides a residual program but, in my opinion, I don't think you make as much money with residuals on Demand Studios as with other sites like Ehow. I also just signed up for Helium, but I haven't written any articles yet. I will report back once I see how that site works.

Anyway, I'm also starting this blog to let others know about online freelance writing. I will try to keep you posted of my trials and successes. If you are a freelance writer, I would love to hear your stories too.