https://www.authorlearningcenter.com/writing/writing-jobs/w/full-time-writer/2028/can-an-author-create-multiple-streams-of-income---articleen-USTelligent Community 10https://www.authorlearningcenter.com/writing/writing-jobs/w/full-time-writer/2028/can-an-author-create-multiple-streams-of-income---articleSat, 18 Feb 2017 13:17:19 GMT809ccca5-04d2-44bf-8f5c-ff0a6d33c80b:5f329965-7c3d-4d06-bb5e-856a93aa1140A. Supremehttps://www.authorlearningcenter.com/writing/writing-jobs/w/full-time-writer/2028/can-an-author-create-multiple-streams-of-income---article#commentsCurrent Revision posted to Full-Time Writer by A. Supreme on 2/18/2017 1:17:19 PM<br /> <p>There are two main types of income: active and passive.</p> <p>Active income is when you go to work, punch a time-clock and get paid for the amount of time you spend doing your job.</p> <p>Passive income is when you do some work and get paid for it again and again. A good example of passive income for authors is your published book sells and you continually get paid royalties for the work over the years.</p> <p>Writers have the ability to create multiple streams of income from their literary work, both passive and active. Additional income streams may be earned in a variety of ways, including doing something as simple as getting paid to edit work for other writers.</p> <p>If you have self-published a book, you have gone through a learning process. You can conduct workshops to instruct fledgling authors about the self-publishing process. It is &ldquo;do-good&rdquo; way to earn additional income from previous work you have done. Moreover, if you&rsquo;ve written a non-fiction book, you may have positioned yourself as an expert on your topics. This can lead to more workshops about a topic in which you are a known expert. As a non-fiction writer you may be able to offer consulting services for your area of expertise, or create a revenue-generating websites based on the concepts in your book.</p> <p>Once you&rsquo;ve self-published your book, you can also look into converting it into an e-book to make for easy download for customers. In today&rsquo;s technological world, making your book easily accessible can generate more sales than the traditional bookstore. <br />Think outside the text. Follow up with the technological movement, by creating an app for a mobile device related to your book. Getting into the mobile app market can be a great way to generate an added income stream.</p> <p>As an author, you are the sole owner of the copyright to your book. The copyright is a generator of additional income from your work. Every publishing contract contains a clause that deals with the &ldquo;grant of rights.&rdquo; That clause generally gives you a wide range of rights to sell or license your work to whomever you choose. Think about the endless possibilities of your novel. Can it be turned into a movie? Might someone have use for merchandizing writes?</p> <p>Writer Meg Schneider and literary agent Barbara Doyen have co-authored a book, entitled &ldquo;The Everything Guide To Writing A Book Proposal.&rdquo; And their Web article &ldquo;What&rsquo;s for Sale&rdquo; is a valuable resource for authors seeking information about various rights that can lead to additional sources of literary income.</p> <p>Finally, don&rsquo;t forget your root. You are a published writer. Your book has already established you and generated a pool of readers. Can you turn it into a series, and capitalize on the popularity of the first novel?</p> <p>There are many ways to generate multiple streams of income as a writer. All you need to do is figure out how to use your published work to move you in the direction you want.</p><div style="clear:both;"></div> <div style="font-size: 90%;">Tags: article, fiction, Nonfiction</div> https://www.authorlearningcenter.com/writing/writing-jobs/w/full-time-writer/2028/can-an-author-create-multiple-streams-of-income---article/revision/1Wed, 14 Dec 2016 00:00:00 GMT809ccca5-04d2-44bf-8f5c-ff0a6d33c80b:5f329965-7c3d-4d06-bb5e-856a93aa1140A. Supremehttps://www.authorlearningcenter.com/writing/writing-jobs/w/full-time-writer/2028/can-an-author-create-multiple-streams-of-income---article#commentsRevision 1 posted to Full-Time Writer by A. Supreme on 12/14/2016 12:00:00 AM<br /> <p>There are two main types of income: active and passive.<br />Active income is when you go to work, punch a time-clock and get paid for the amount of time you spend doing your job. </p> <p>Passive income is when you do some work and get paid for it again and again. A good example of passive income for authors is your published book sells and you continually get paid royalties for the work over the years.</p> <p>Writers have the ability to create multiple streams of income from their literary work, both passive and active. Additional income streams may be earned in a variety of ways, including doing something as simple as getting paid to edit work for other writers. </p> <p>If you have self-published a book, you have gone through a learning process. You can conduct workshops to instruct fledgling authors about the self-publishing process. It is “do-good” way to earn additional income from previous work you have done. Moreover, if you’ve written a non-fiction book, you may have positioned yourself as an expert on your topics. This can lead to more workshops about a topic in which you are a known expert. As a non-fiction writer you may be able to offer consulting services for your area of expertise, or create a revenue-generating websites based on the concepts in your book.</p> <p>Once you’ve self-published your book, you can also look into converting it into an e-book to make for easy download for customers. In today’s technological world, making your book easily accessible can generate more sales than the traditional bookstore. <br />Think outside the text. Follow up with the technological movement, by creating an app for a mobile device related to your book. Getting into the mobile app market can be a great way to generate an added income stream. </p> <p>As an author, you are the sole owner of the copyright to your book. The copyright is a generator of additional income from your work. Every publishing contract contains a clause that deals with the “grant of rights.” That clause generally gives you a wide range of rights to sell or license your work to whomever you choose. Think about the endless possibilities of your novel. Can it be turned into a movie? Might someone have use for merchandizing writes?</p> <p>Writer Meg Schneider and literary agent Barbara Doyen have co-authored a book, entitled “The Everything Guide To Writing A Book Proposal.” And their Web article “What’s for Sale” is a valuable resource for authors seeking information about various rights that can lead to additional sources of literary income. </p> <p>Finally, don’t forget your root. You are a published writer. Your book has already established you and generated a pool of readers. Can you turn it into a series, and capitalize on the popularity of the first novel?</p> <p>There are many ways to generate multiple streams of income as a writer. All you need to do is figure out how to use your published work to move you in the direction you want.</p><div style="clear:both;"></div> <div style="font-size: 90%;">Tags: article, fiction, Nonfiction</div>