If you decide to do all of the writing yourself for your business, it is easy for the days and weeks to roll into one and before you know it, you don’t have time to do the things that you love.
Writing can be a very hands-on kind of business, and many writers will gladly accept any orders that their clients give them, until they are working all of the hours that God sends.
It is easy to think, especially when you are starting out, that this will be a notable problem to have, but the last thing that you want is to be overwhelmed by your workload and having to work, work, work!
The answer to this problem is to take steps to put passive income streams in place.
You could say that this is easier said than done, but the trick is to split up your working week so that you have a few hours to work on your own project.
Let’s look at an example.
You have forty hours per week to dedicate to your writing business.
Why not try and put five of those hours aside each week and work on your own ebook.
A couple of months down the line and your ebook could be on sale and be earning you a passive income.
After that, perhaps work on your next ebook, and when that is for sale, you could find yourself in the position of having to only work twenty hours per week on your writing business because the income from your two ebooks will make up the rest.
It doesn’t have to be just an ebook, and you could start by spending those first five hours on blogging or even starting an online business which doesn’t involve any form of writing.
The penny often drops with writers when they see their clients ordering from them again and again, paying top rates for ebooks, courses, etc.
If these clients weren’t making good money from the stuff that they are outsourcing, they wouldn’t be doing it.
You may be over the moon that a client has paid you $1000 for an ebook, but when you realize that they have probably made $20,000 plus from the project, it puts things in a different light, doesn’t it?
It could be that you love writing for clients and that you have no interest in putting passive income streams in place.
That is fair enough, but if you have the slightest inclination to write your own ebook or any other product that we have spoken about, I will urge you to look into dedicating a few hours per week to the project.
It can take some getting used to, as you are working on something that you won’t get paid for at the end of the day or week.
But if you ask most writers who have gone down this route, they will tell you that it is the best thing that they have ever done for their business and their family.