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5 Most Profitable Passive Income Streams for Writers

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There are people who choose writing as an occupation and earn through it. In fact, many writers make hundreds to thousands of dollars from online writing or writing projects. But do you know there are profitable passive income streams for writers ? And you can earn loads of money from that. In this post, I’m going to share with you the 5 most profitable passive income streams ideas. So, are you curious to know them? Then, you should read this post till the end to take full advantage of it. But before knowing those income streams, you need to understand the following: Passive Income Why Is Writing an Excellent Way to Generate Passive Income? Passive Income  You need to know about active income first to understand what passive income means. Active income refers to money you get in exchange for a service or job. Such as money you earn through writing. And you cannot earn an active income when you don’t work. That is to say, it stops coming when you stop working. Conversely, passive in...
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How to Build a Strong Freelance Writing Portfolio

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You may have finally decided to become your own boss, knowing you have exceptional writing skills. Who wouldn’t like working for oneself with a flexible work schedule? Perhaps, no one. However, you will first need to build a strong freelance writing portfolio before starting to sell your writing services. Don’t worry if you don’t know how to build it! In this post, you are going to find out how to create it. But before jumping to that, you need to understand the following: What Is a Writing Portfolio for a Freelancer?  Why Do Freelance Writers Need to Have a Portfolio? What Is a Writing Portfolio for a Freelancer?  A writing portfolio for a freelancer is a collection of the best writing samples. And you need to organize those samples as a writer in a way so that users can easily browse through them. That is to say, you should make your portfolio look appealing to your prospects. It can help you possibly convert your prospective customers into actual clients. And the key to do...
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How to Set and Negotiate Your Freelance Writing Rates

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Many factors come into play when you are setting your freelance writing rates . Negotiating your freelance writer rates with clients requires you to adhere to proven strategies. In this post, we’ll talk about both. But before that we want you to know about different types of freelancing rates independent writers can set. Types of Freelancing Rates That Independent Writers Can Set    The following are different types of freelancing rates that independent writers can set: Project-Based Project-based rate is exactly what it means. That is a flat rate (fee) for a project. Charging clients in this manner lets freelance writers specializing in different industries know in advance what they will earn.     Hour-Based (Hourly) It is a much more popular choice to charge clients based on the hours you work. The reason for this is that hourly rates guarantee you no unpaid work hours. What’s more? In addition, you get compensation for clients’ meetings, revisions...
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