I worked as a college professor for 17 years. During all these years, the faculty at our school were all contracted on an annual basis. We never knew from year to year if we were going to get a contract for the next year.

I hated being in this position, not knowing if I would be employed over the long term. Some years, we wouldn’t get our contracts until mid-May, and the fiscal year started in June!

I hated the feeling of uncertainty that would start to creep around mid-April and wouldn’t be resolved until late May.

If you have a day job and are working on writing as a side hustle, you can relate to this. Even though you might like your day job and feel secure, the reality is that your job could be taken away at any moment. There is never any true security when that security lies in someone else’s decisions.

Or maybe you already are working as a part-time or even a full-time writer. If that’s the case, my guess is that you’d like to make more money as well!

No matter your situation, this series will give you some options for increasing your income—and your different income STREAMS—as a writer.

Writing is the hub of what you do, but it’s just that—a hub. Just like the hub on a bike wheel, writing is the center of what you do, and income streams are the spokes that support you financially. The more spokes, the more security, and the more stability you have.

In this series, we will dive into ten different income streams you can develop as a writer. I won’t be able to go into much detail with each one, but I want you to get a feel for how many different options there are to use your writing skills to create income.

To give you a little sneak peek, here are the ten ways to make money we will talk about:

• Book sales
• Editing & Publishing Services
• Coaching
• Membership & Masterminds
• Freelance Writing
• Speaking
• Courses
• Products
• Ghostwriting
• Affiliates

These are only the tip of the iceberg, but they are many of the most common ways that writers make money with their skills. I hope you’re looking forward to this series and considering how you can begin putting some of these income streams in place in your own business.

Question: How motivated are you to explore new possibilities for creating income as a writer?

The post Making Money as a Writer: Series Introduction appeared first on Daily Writer | Essential Habits for Impact & Influence.

One of the things we have emphasized in The Writer’s Path is the importance of developing multiple streams of income for your writing business. Today, I want to share three writers who are great examples of what we’ve been talking about in this series. Each of them has a clear message for a specific audience, they use multiple platforms to share their content, they create content consistently (including multiple books), they have been expanding their network for years, and they have used their writing and books as a basis for building multiple streams of income.

Keep in mind that I don’t know everything about their businesses—this is my best estimate based on what I know and have observed.

1. Dan Miller

• Website: https://48days.com; https://48dayseagles.com/
• Core message: The value of building a business with multiple income streams.
• Main platforms: Long-running 48 Days podcast and email newsletter
• Income streams: Many books, membership community, mastermind, online courses, DiSC profile, live events, affiliates

2. John Stange

• Websites: https://desirejesus.com; https://platformlaunchers.com
• Core messages: Practicing your faith (spirituality); how to develop a platform
• Main platforms: Several podcasts, email newsletter
• Income streams: Several podcasts with sponsors, couple dozen books, affiliates, membership community, speaking

3. Honorée Corder

• Website: https://honoreecorder.com
• Core message: You must write a book.
• Main platforms: Email newsletter, frequent podcast guest
• Income streams: Mastermind, courses, dozens of books, coaching, speaking, book marketing services, certifications, writing collaborations, referrals

These are only three examples—there are many more I could mention, but you get the picture. The main idea here is not to get overwhelmed by other people’s success. These three have all been involved with their business for many years. I just want you to see what’s possible!

Daily Question: I’ve asked this question before… but it’s worth repeating: Do you believe amazing success is possible for you?

The post 3 Successful Writers with Multiple Streams of Income appeared first on Daily Writer | Essential Habits for Impact & Influence.