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Thursday, 29 March 2018

Money Making Ideas to Help You Spend More Time Writing

writing, book, pen, pixabay

Writers, like most creatives, find themselves facing a familiar quandary, especially if they are graduates or at the start of their creative journey. They need time to dedicate to their creative passion and the honing of their craft. But this is the real world and most of us have to also worry about keeping a roof over our heads and ensuring that the bills are paid, the fridge is well (or at all) stocked. In a perfect world, you’d be able to make a living from your craft, but at present, you’re resigned to working a day job and doing what little writing you can over evenings and weekends. The trouble with this is that your day job saps not only your energy but your drive to pursue your passion and the temptation to simply collapse in front of the TV can become virtually irresistible. 

If you’re serious about turning your passion for writing into a lucrative career, here are some ways in which you can supplement your income to the point where you may one day be able to ditch the day job.

Start Freelancing Right Now!

It’s never too early to start pursuing freelance work, especially if you have a thriving blog or body of work to show prospective clients. There are many platforms like People Per Hour and Constant Content from which writers can hone their craft while making a little money on the side. If you’re prepared to persevere with your day job while you build a portfolio of clients, this may help to ease the transition from salaried work to full-time freelancing.

Monetise Your Blog

Most of us keep a blog to use as a whetstone to sharpen our writing skills to a fine edge, to document our daily insights and reflections or just as a fun exercise. But if you’ve cultivated a dedicated following on social media, you may be in a luxurious position whereby you can monetise your blog, making money from paid advertisements. If your hit rate is in the hundreds of thousands per month, you could find yourself making hundreds of pounds a month on your blog in advertising revenue.

Savings and Investments

Almost everyone wishes that they had more money, and as the cost of living spirals higher and higher as wages stagnate (especially in the UK where we’re witnessing the longest period of sustained wage repression since records began), the importance of saving becomes increasingly important. But it’s no secret that most savings accounts suck, so many are supplementing their income by investing. If the stock market is a bamboozling prospect, you may benefit from some Fundrise returns. Fundrise is an online platform that allows ordinary people to invest in private market real estate.
Crowdfunding
Creatives of all types turn to crowdfunding to fund their projects and if you have a vociferous following on social media you may be pleasantly surprised to learn how many people will be willing to make a small monthly donation which can add up to make a big difference. You can incentivise this with exclusive content and other offerings.

While none of these ideas will enable you to quit your day job overnight, they may well help empower you to become less reliant on it so that you can reduce your working hours and perhaps even gradually phase it out over time.

* This is a contributed post

Have you ever considered quitting your day job to spend more time writing? Let me know in the comments below!

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