My new tap started dripping AGAIN, my newer water-boiler needs repairs, my oven in my newer stove quit working and my car is broken down!! All this right before the Christmas Season. It's enough to make me start pulling my hair out!!
As we slide into November, many of us are taking financial stock, as it were, thinking about the year ahead and how we can squeeze even more from our income as "making it" becomes more difficult and trying to live comfortably becomes increasingly challenging. In light of all of this, now more than ever, I've been considering the inherent value of revenue sharing (monthly income) versus one-time article payments, how revenue sharing stacks up compared to one-time payments--and, more importantly, how it relates to passive monthly income.
This morning I did a quick calculation for one of the sites I write for (one that, incidentally, has been hit HARD by PANDA) The results were encouraging. I took my total article earnings (since starting to write for this particular site) and divided this against my total number of articles. The result? My average earnings came out to approximately $20.85 per article. I was pleasantly surprised by this figure because this might be higher than what many writers are offered as a one-time payment for a 400-600-word article. Because this site shares revenue, these figures aren't static and average earnings per article will only increase over time (why I'm such a fan of the revenue-sharing model).
I find that these days I engage in this type of activity to monitor my:
- Average Daily Earnings for Each Site (I do this by taking the previous month's earnings total and dividing it by 30 to see what I've made, on average, each day. I find this is helpful because it helps me to see which sites pay the most. I can then mentally figure that site A nets me X number of dollars each day, whereas Site B nets me a different amount, and Site C a different amount again.
- What I Make Each Day Across All Sites--At month's end, I take my total monthly earnings (from all sites) and divide it by 30, to see what I was making, each day, on average across all sites.
Daily Amounts
Site A = $5.00 per day
Site B = $10.00 per day
Site C = $15.00 per day
Once I have an idea of figures, I can work to bring Site A and Site B up to the earnings level of Site C, concentrating more on the sites earning less to bring them in line with the higher earning site. Once all earnings approximately the same amount, I work to push figures to even higher amounts.
Monthly Amounts
Total monthly earnings divided by 30 = average daily earnings across the board. This figure is helpful because, depending on your monthly earnings goal, you can see how close you are to the mark.
What do you want to be making from your writing each day in residual income so as to hit your monthly earnings goal?
- $10.00 per day = $300.00 in monthly earnings
- $20.00 per day = $600.00 in passive income
- $25.00 per day = $750.00 in residual income
- $50.00 per day = $1500.00 ongoing monthly income
Looking at these figures, where are you at presently? Your revenue portions will increase as you create a greater number of articles, which makes revenue sharing versus one-time article payments a good trade-off for all your time and effort.
$ $
$ Recap: it's a good rule of thumb to track 1. what you make each day from each site you write for and 2. what you make as a total daily income from revenue sharing payments for all your articles.
*If you found Revenue Sharing Versus One-Time Article Payments helpful, please share it.
I have been reading a lot of articles dealing with creating online revenue, and this one, in terms of value, is quite useful. Can I ask you how many articles you write daily, weekly etc and to how many sites do you submit it? Do you post the same article repeatedly on other sites or do you modify it? I have been hit hard by the recession offline and is researching alternative income streams. It is better than doing nothing and feeling sorry for myself. Thanks for the article.
ReplyDeleteHi Woelf,
ReplyDeleteThank you for your comments. I write daily and submit to 6 sites. Number of articles each day is dependent on my energy levels for that particular day.
No, I never post the same article across sites because of indexing and ranking issues. Duplicate content is never ideal.
You can make income writing online and the best advice I would give is: write quality articles and write 2-5 articles daily, as your circumstances allow.
Sound like good advice, quality over quantity. Thank you.
ReplyDeleteIt is helpful to have a daily article goal in mind. You will reach greater earnings by setting article goals. These help all of us to stay on track.
ReplyDeleteThis works especially well for revenue sharing because your income increases as you create more online articles.
I am beginning to understand the logic behind creating an online revenue stream or even multiple streams. I have pretty much invested all my time last week and this week on doing research and discovered quite a bit. I think most important is what not to do. Last thing I want to create is the equivalent of an online sweatshop for the sake of Adsense. The idea is to find a balance between longevity of a blog, or maybe a series of blogs, and creating a proper income. I know it won't happen overnight, but I am also hopeful it won't take forever. I think that is what most of us aim at ;)
ReplyDeleteHi Woelf,
ReplyDeleteI would highly recommend PotPieGirls One Week Marketing Guide. She cuts through all the chaff, takes people by the hand and shows them what to do each week to earn real income online. She shows how to tie it all together: article writing, blogs, websites and how to do it using free methods, to start.
I would also recommend that you diversify. Use a combination of techniques so that you aren't an AdSense slave, as you mention.
Woelf, it is important to go about this in the right manner. People waste years floundering instead of approaching it in the right way.
Please see my most recent post http://www.writeandearnaliving.com/2011/11/creating-successful-online-campaigns.html to get 18 pages of free information about how to earn money online using free methods to start.
You are awesome! I have bookmarked your blog for future references. Thanks for everything, it is appreciated.
ReplyDeleteHi Woelf,
ReplyDeleteThank you! If you have any questions, please feel free to ask.
My top recommendations are:
PotPieGirl--One Week Marketing Guide
Site Build it (a higher initial investment but helps people to create actual businesses (see BADGES ON THIS SITE for more information)
Wordpress hosted through Blue Host (monetized)
Blogger (monetized)
HubPages (multiple ways to generate income (see static page up top for HubPages)
Text Link Ads
I will be writing future posts about all of these so please continue reading.