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Making Money as a Writer: Series Introduction · The Daily Writer

• 0:06
  SPEAKER_00: Welcome to the Daily Writer Podcast, where we bring you tips and inspiration each day to help you build habits for writing success.
• 0:14
  SPEAKER_00: For more resources, including your free Daily Writer Starter Kit, visit DailyWriterLife.com.
• 0:22
  SPEAKER_00: Today we're going to begin a series on making money as a writer.
• 0:26
  SPEAKER_00: Making money is a topic that we're all interested in, of course, but how do you do it on a practical level and what are your options as a writer for making money?
• 0:35
  SPEAKER_00: Well, I think the answers might surprise you.
• 0:37
  SPEAKER_00: But first, let me begin with a quick story.
• 0:40
  SPEAKER_00: I worked as a college professor for 17 years, and during all those years, the faculty at our school were all contracted on an annual basis.
• 0:49
  SPEAKER_00: So we never knew from year to year if we were going to get a contract for the next academic year.
• 0:54
  SPEAKER_00: And I always hated being in that position, not knowing if I would actually be employed over the long term.
• 1:00
  SPEAKER_00: You know, some years we wouldn't get our contracts until mid-May, and the fiscal year started in June.
• 1:05
  SPEAKER_00: So literally it would be the middle of May, and I wouldn't know for sure if my contract was going to be renewed for the following year.
• 1:12
  SPEAKER_00: So there was always the possibility that I could be out of a job in two weeks.
• 1:16
  SPEAKER_00: And I realized that's a possibility in every job.
• 1:19
  SPEAKER_00: I mean, people can be fired and they can have two weeks left, or they could be fired and they're out of a job immediately all the time.
• 1:25
  SPEAKER_00: But this happened year after year after year, and it always really kind of made me nervous whenever the school year would finish, and I would never quite know until sometimes the last minute if I was going to have a job for the next academic year.
• 1:38
  SPEAKER_00: So if you have a day job and you're working on writing as a side hustle, you can probably relate to this.
• 1:44
  SPEAKER_00: Even though you might like your day job and you might feel secure, the reality is that your job could be taken away at any moment.
• 1:51
  SPEAKER_00: There's never any true security when that security lies in somebody else's decisions.
• 1:56
  SPEAKER_00: Or maybe you're already working as a part-time or even a full-time writer.
• 2:00
  SPEAKER_00: If that's the case, my guess is that you'd probably like to make more money as well.
• 2:05
  SPEAKER_00: No matter what your situation is, this series is going to give you some options for increasing your income and your different income streams as a writer.
• 2:14
  SPEAKER_00: Now, writing is the hub of what you do, but it's just that.
• 2:18
  SPEAKER_00: It's the hub of what you do.
• 2:19
  SPEAKER_00: It's not the only thing that you do, or at least it's not the only thing that you should do.
• 2:24
  SPEAKER_00: Just like the hub on a bike wheel, writing is the center of what you do, and the income streams are the different spokes that come off of that hub.
• 2:32
  SPEAKER_00: And those spokes are actually what support the wheel of your whole financial life.
• 2:37
  SPEAKER_00: And the more spokes you have, the more security and stability that you have.
• 2:41
  SPEAKER_00: So in this series, we're going to dive into 10 different income streams that you can develop as a writer.
• 2:47
  SPEAKER_00: Now, I'm not going to be able to go into a lot of detail with each one of these, but I want you to get a feel for how many different options there are for using your writing skills to create income.
• 2:56
  SPEAKER_00: Now, these are not the only income streams you can develop.
• 2:58
  SPEAKER_00: There's many, many more, but I just wanted to do a fairly simple and straightforward series.
• 3:03
  SPEAKER_00: I didn't want to do, you know, the 58 income streams or the 187 income streams that you could have as a writer.
• 3:09
  SPEAKER_00: I just wanted to do 10 really simple and straightforward ones, the ones I think that are probably most within reach the soonest for most writers.
• 3:18
  SPEAKER_00: Now to give you a little sneak peek, here are the 10 ways to make money that we're going to talk about in this series.
• 3:24
  SPEAKER_00: Number one, book sales.
• 3:26
  SPEAKER_00: Number two, editing.
• 3:28
  SPEAKER_00: Number three, coaching.
• 3:30
  SPEAKER_00: Number four, memberships and masterminds.
• 3:34
  SPEAKER_00: Number five, freelance writing.
• 3:36
  SPEAKER_00: I'm losing track of what number I'm on.
• 3:38
  SPEAKER_00: I don't have these numbered.
• 3:39
  SPEAKER_00: Number six is speaking.
• 3:41
  SPEAKER_00: Number seven is courses.
• 3:42
  SPEAKER_00: Number eight is products.
• 3:44
  SPEAKER_00: Number nine is ghostwriting, and number ten is affiliates.
• 3:48
  SPEAKER_00: Now it occurs to me that actually since I wrote this list, I revised the order, so they're not going to be in that exact order as I go through this series.
• 3:54
  SPEAKER_00: Um, but those are the ten that we're going to be covering.
• 3:57
  SPEAKER_00: Now, again, these are only the tip of the iceberg, but they are many of the most common ways that writers make money with their skills.
• 4:04
  SPEAKER_00: So I hope that you're looking forward to the series and considering how you can start putting some of these income streams into place in your own writing and business.
• 4:13
  SPEAKER_00: Here's today's question.
• 4:14
  SPEAKER_00: How motivated are you to explore new possibilities for creating income as a writer?
• 4:20
  SPEAKER_00: Now, let me share with you one of the ways that I make income as a writer, and that is our Daily Writer Club.
• 4:25
  SPEAKER_00: We're going to talk about memberships and masterminds uh in a few episodes.
• 4:29
  SPEAKER_00: And one of the ways that I make income as a writer is I run a paid membership community called the Daily Writer Club.
• 4:36
  SPEAKER_00: You've heard me talk about this probably many times before on the podcast because I promote it a couple times a week here at the end of an episode.
• 4:43
  SPEAKER_00: And this is, again, simply one of the ways that I make money from my writing.
• 4:47
  SPEAKER_00: And if you're looking for a community of enthusiastic and success-minded writers who are launching books and growing their writing businesses, the Daily Writer Club is going to be something that you definitely want to check out.
• 4:59
  SPEAKER_00: When you're a member, you have access to weekly writing sprints and live calls with expert teaching, an active online community, access to retreats and in-person events, and best of all, a clear pathway for growing your writing platform and your business and also making money as a writer.
• 5:14
  SPEAKER_00: I mean, that's what we're talking about here in this series.
• 5:17
  SPEAKER_00: So if you'd like to be part of the Daily Writer Club, you can check it out at dailywriterclub.com.
• 5:22
  SPEAKER_00: Thanks so much.
• 5:23
  SPEAKER_00: And we're going to dive into area number one book sales on tomorrow's episode.
• 5:28
  SPEAKER_00: I will see you then.