So far, we have talked about getting clear on your message and audience, choosing your platforms, writing consistently, publishing books, and expanding your network. Once you have those in place, then you are ready to take advantage of Milestone #6: Create streams of income based on your writing and services.

Why it’s important: All of the successful writers I know personally have multiple streams of income. This mitigates risk and lets you grow several streams that can support you. They are also intertwined, and if you think like a business owner, you can always create new streams.

As I mentioned before, I believe that many writers should consider both sides of the equation – doing client work as well as focusing on income based on their own IP. Each side informs the other side.

This whole idea of streams of income could take up a whole series on its own, but for now, I just want you to grasp the idea that making money from books is only one of many, many ways to make income with your writing.

The main challenge that most writers face in this regard is learning to think like a business person. It is so easy to focus just on the creative aspect of writing. But you also have to think like an entrepreneur who is running a business…because if you want to make money with your writing, that’s exactly what you are. I want you to become comfortable with the idea of being a business owner and entrepreneur.

Daily Question: How comfortable are you with the concept of creating multiple streams of income based on your writing?

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We have been talking a lot about habits here on the podcast lately. Let’s talk for a moment about a habit that will boost your confidence and will be good for your business, also.

It’s simply telling people that you’re a writer.

Sounds simple enough, doesn’t it? But you’d be surprised how many aspiring—and actual—writers go to great lengths to hide the fact that they’re a writer. I encourage you to do the opposite. Broadcast it to the world. Put it on your social media profiles. Include the title “Writer” in your email signature. Find ways to mention that you’re a writer in everyday conversations.

Just doing this alone will give you motivation to stay true to your word and actually write. It will also have some surprising benefits, because people will start asking you what you’re writing. The best marketing tools are often the cheapest and simplest ones.

The only thing to be afraid of is your own success when you start living up to the image of being a writer you already hold in your head.

Daily Question: Do you tell people you’re a writer?

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