5 Most Profitable Passive Income Streams for Writers

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 income is the income you can generate without your hands-on and 24/7 presence for work. You can consider it as an investment or a business that lets you generate money on its own.      

Why Is Writing an Excellent Way to Generate Passive Income? 

Unlike other professions, you don’t need to earn a degree to start with writing. As long as you have the skills to write, you can effectively manage writing. Irrespective of whether you are a college student, a housewife, or currently unemployed, you can earn through writing. The following are the minimum requirements you need to write:

• Basic Writing Skills
• Patience
• Constant Practice as a Writer

Fortunately, the internet provides you with a plethora of opportunities for writing. As a writer, you can create content on the internet once. Then, people can read the content that you create anywhere and anytime. And you can take advantage of the same content and earn passive income through your written content.

5 Profitable Passive Income Streams Ideas for Writers

Here are the five most profitable passive income streams (ideas) for writers:

1. Write eBooks and Self-publish

Consider writing eBooks that people would like to buy to earn passive income. That is to say, write eBooks that address readers' interests. Otherwise, you cannot expect your eBooks to sell. So, what should you write about?

Write eBooks on topics that people search about and address questions they seek answers to. No matter whether people have an interest in blogging, gadgets, or something else, questions always run through their heads. And you should choose the topic for your eBooks accordingly and write.

Also, make sure you write quality content for your eBook and choose a niche you are knowledgeable about. You can write eBooks and self-publish on top platforms, like Smashwords and Kindle Direct Publishing. So, make sure you exploit this idea to earn passive income from writing.

2. Create Online Courses to Sell

Another profitable passive income stream idea is that you create online courses to sell. In this regard, you can create a series of videos that teach the audience (students) valuable lessons or strategies. Or you can create a written course to sell on popular online platforms, like Teachable and LearnWorlds.

Moreover, you can leverage your social media accounts or your website (if you have it) to promote your online courses. But make sure the courses you sell perfectly address the needs of their target audience. Once you have created the courses and promoted them correctly, you can expect profitable passive income from the idea.

3. Use Links on Your Blog as an Affiliate Marketer

When you write online, it is natural to link to resources, such as books, services, etc. And you may take advantage of that by signing up for affiliate programs. That is linking to products or services of affiliate sites on your site and receiving commission from that. However, make sure the affiliate products or services you promote on your blog are relevant to your niche and audience.

Please, don’t forget affiliate links can acquire leads and sales over time. Therefore, you can take advantage of affiliate marketing to earn passive income from it, which you start as active work.   

4. Create and Monetize a Blog

Another great resource for writers to earn passive income is creating and monetizing a blog. Nowadays, blogging has become a highly sought-after and lucrative business. Also, it allows you to reach a broader audience and work at any time. In fact, many online resources claim that blogging has become the 5th most trustworthy source to find accurate information. With 77% of internet users reading blogs regularly, many people have adopted blogging as a full-time career.

Not to mention, you can create a blog with a niche you enjoy writing about and earn passive income from it after monetization. In order to keep the audience engaged with your blog, you will need to maintain a good posting routine. Also, you will need to create a mailing list to update people in your mailing list for blog updates. The more visitors reading your blog post, the more income you can earn. Some of the monetization methods you can take advantage of via blog monetization include the following:

• Affiliate Marketing
• Advertising

5. Create Material for Royalty Income

Royalties are income payouts that you receive for selling things, like eBooks, newsletter subscriptions, etc., that you create repeatedly. You can create them once or time and again to earn from writing royalties. Some of the recommended resources to sell your royalties are Gumroad and Payhip. Again, the point is you create something your audience is interested in, and you have the skills to write about. Once you have created your royalties and they start selling, you will start earning passive income from your effort over time.  

Wrapping up

If you have chosen writing as an occupation, you can earn passive income from it, too. Unlike active income, passive income is earnings you generate without your hands-on, 24/7 presence for work. If you have the basic writing skills, patience, and consistency in writing, you can earn passive income through it. Lastly, here is a recapitulation of the five most profitable ideas for passive income streams for writers:

1. Write eBooks and self-publish.
2. Create online courses to sell.
3. Use links on your blog as an affiliate marketer.
4. Create and monetize a blog.
5. Create material for royalty income.

Which Idea for Passive Income Streams Do You Like the Most?

Let Me Know in the Comments.