Authors relying on ebook and book sales alone should diversify their writing to increase income
It’s no secret that after the introduction of subscription services such as Amazon’s Kindle Unlimited, royalty returns for ebook authors are not as profitable as they once were.
When an ebook with a selling price of $4.99 can be read for less than a return of $1.40, there is no need to do any complicated arithmetic.
While every serious author wants to dedicate their time to writing new books, there are opportunities to supplement book sales with other income streams.
Some of these ideas are not going to interfere, or take all that much time away from ebook and novel writing. But for others, you might need to find a way to balance your time.
Here are seven ideas about how you can use your writing skills to help you make a living writing.
1. Monetize your blog.
Blogging is the easiest way to earn extra income from your writing. Mind you, there is a lot of hard work, to begin with when starting a paying blog.
But once it is set-up and it has regular traffic, it takes up very little of your time, apart from writing blog posts.
There are many blog monetizing options but Google’s Adsense is the best-known and easiest way to get paid every month for income from advertising. On every published article on your blog, Google will insert ads and you will be paid every time someone clicks on an ad.
If you are already writing blog posts regularly, adding a couple of pay-per-click ads to your blog is an easy way to create a modest, but steady income stream.
You could also consider adding affiliate marketing to your blog. Two of the most popular are Amazon Associates and Shareasale.
Even if you don’t have a blog, you can try writing articles as guest posts for other blogs with your affiliate links included in your articles.
2. Write content.
There are thousands of paying opportunities for freelance writers to write content for websites, blogs and newspapers.
You only need to do a quick Google Search to discover opportunities and websites that pay for content.
However, to save you time here is a great listing of websites that pay writers for writing.
The Internet is all about content, so there are always ways for good writers to earn money from freelance writing and content writing.
Sure, you want to write, but you have skills you can use to earn more, or even build a full time, work from home job.
Proofreading, beta reading, cover design or writer and publishing coaching for new authors are all in demand now.
Set your price, and the time you have available, and offer your services. Social media is an easy way to tell people about the services you can offer.
If you have a lot of time available, you could consider editing or story development, but these are very time-consuming services.
4. Publish Poetry.
No, only joking! But then again, poetry ebooks and short stories are proving to be popular now, so perhaps you could consider trying.
5. Become a ghostwriter.
Okay, no accolades for you, but writing a book for a someone else is a lucrative paying contract. Pay rates vary according to specific writing jobs, so you should do your research first about what you plan to charge.
It is also a very good way to fine-tune your writing skills in perhaps a different genre than you are used to writing.
6. Write Book Descriptions.
Most authors are hopeless and writing effective book descriptions. Do you believe you can do a lot better?
If you can, this will surely make you a nice little side income. If you are feeling confident, you could also offer to write author bios.
7. Think Outside The Nine Dots.
There are always opportunities for writers and authors to add a small, or perhaps significant income stream, which can ride out the humps and bumps of book sales.
A little research can go a long way in finding writing for money opportunities.
So in between writing your next bestseller, maybe it might be worth spending a few minutes doing some research into how you can diversify your income, and profit even more from your writing.