Thank goodness I stepped out on a limb just over a year ago and decided to experiment by writing directly for eHow. At the time, I was suggesting how-to titles for a content company contracted by Demand Media to provide articles for the eHow.com site. For each topic they approved and I wrote, I was paid a flat fee: $11.
Of course, for a stay at home mom who could crank out 2-3 an hour at times, the hours rate wasn't bad -- and it was better than what I was earning grading high school English papers at night. So I certainly wasn't complaining. But ... what if I could retain the rights to my work and possibly earn more submitting directly to eHow? I decided to give it a shot after eHow's Rich stopped by the WAHM writer's forum trying to recruit eHow members.
My first article has earned hundreds of dollars. One of the articles I wrote a month in to my experiment has now crossed the $1,000 mark. Wow. (Click image to enlarge. Some details removed.)
Is that not awesome? Here's hoping a few of the others cross that mark in 2009. And if you still needed convincing, residual income is the best business model for writers, in my opinion. In 2009, I'll be doing all of my writing for residual income streams. It took me a full year to transition from writing for pay, per article, to writing only "for myself" in residual income models.
I'm not just turning my back on $11 articles, or the $30 articles I was writing for another site. I charged $150 each for blog post articles in 2008 for a software company, and could have continued to write for them ... but my heart wasn't there. I only have so many hours to write, and I want to spend them building up long-term income sources that will continue to earn money for my family months and even years down the road.
Of course, since my income is a secondary income for our family, and I had to replace a part-time income and not a full-time one, it took less time, perhaps, than it would have otherwise. However, if you have more hours to devote to building up residuals, perhaps you can get there even more quickly.
In the coming year, it's my goal to build up a full-time residual income ... working very part-time, of course, and using the foundation I already have in place.
What are your writing income goals for 2009?