Written by Emily Cyril
I’m pretty sure that online writing is no news to you as an author neither is it a hard nut for you to crack. Therefore, rather than relying solely on book sales to generate income, you can take advantage of online channels to make more money. There are a thousand and one ways online to make extra income for yourself.
Keep reading this article as we look at some of these online writing opportunities.
Blogging
This is the most popular means by which you can earn money for yourself while writing online. Create your own blog or website then start publishing your work on it. To start a blog, you’ll need to select a preferred blogging platform, register a domain name, and set up a web hosting service.
Ensure you keep your blog running by sharing informative and up-to-date content on your platform and engaging with your audience. Gaining a loyal and meaningful number of readership grants you access to an unlimited cash flow. Hence, you can monetize your blog with sponsored posts, advertising, or by signing up for affiliate programs.
Freelancing
If you’re willing to make extra cash as a writer, freelance writing is another good way out. It involves rendering writing services to individuals, brands, or websites at a specific price without long-term employment. Some freelance writing options include; content writing, script writing, editing, ghostwriting, and copywriting. You can plunge into freelancing by creating a solid portfolio, signing up on some freelance platforms like Upwork and Fiverr, or through referrals.
Affiliate Marketing
As an author, affiliate marketing is also a great way to monetize your writing and earn more money. This online writing option involves partnership with businesses that are relevant to your niche and creating valuable content to promote their products or services. Your content will include a unique affiliate link which can be promoted through social media, blog posts, or email marketing. Consequently, you’ll earn a commission for any sale, referral, or action using your affiliate link.
Licensing
Through licensing, you can earn money with your existing work as a writer without a new one. Granting permission to media such as publishers, TV, websites, etc, to use your intellectual property in exchange for a fee is licensing. Works or ideas that can be licensed include; articles, books, blog posts, social media posts, plots, screenplays, or fictional characters. Read more about the common types of licenses you can sign as a novel author.
Creating Online Courses
Leverage on writing skills to make additional income for yourself as an author by creating courses online. Choose an area of focus or topics related to your book and create a course on it. You can begin by outlining your course into modules, lessons, and topics. Afterwards, sell your course on platforms such as Udemy, Skillshare, Alison, Teachable, etc. More so, taking advantage of your website, social media, and email marketing to promote your course will help you reach a tangible number of potential students.
Hosting Webinars
Another way you can generate income as an author is by hosting engaging webinars. A webinar is simply a live or pre-recorded online teaching, seminar, presentation, or workshop broadcast over the internet. Select an area of interest to host your webinar and charge the attendees a registration fee. You can deliver a webinar through platforms such as Zoom, Skype, Google Meet, Demio, etc.
Online Consulting or Coaching
This money-making strategy is profitable if you are passionate about coaching newbie authors. Think of what you would want to offer and package an informative coaching curriculum. You can also consult for related organizations like school libraries and earn additional income.
Conclusion
With the aforementioned online money-making channels, you should be filled with loads of ideas on how to earn more as an author. These options will not only diversify your income but also boost your writing career.