The Muslim Writers Club is a relatively new site, but I’ve actually been running various sites and blogs for writers since 2007. One of the most common topics of interest for readers has always been income. People want to know whether it is possible to earn a decent income at home from freelance writing and related activities.
My answer to this has always been yes, so long as you are focused on your goals and do not work for clients who don’t have the budget to pay your rates. This means you have to be really good at marketing yourself to the right kinds of clients.
You also have to be skilled at what you do. I believe the reason many people are not successful at freelancing is because they do not produce high-quality work. This is the harsh reality that is difficult for many people to face.
FEAST OR FAMINE: A REALITY FOR MANY WRITERS
Even in the best of circumstances, however, freelance writing has its ups and downs, and good months may alternate with bad months. It is the “feast or famine” nature of the business. One thing all writers should thus be looking at is passive income.
This basically means creating your own business or product (like a course or an e-book) that makes money for you, even while you are away from your computer or unable to work. I have personally written some e-books and enjoy the extra income they provide – and I will probably write more, insha’Allah.
But e-books have a limited shelf-life. They sell better when you promote them (which takes effort) and quickly become outdated as new books enter the market.
USE YOUR SKILLS!
As writers, we are uniquely positioned to make passive income with our skills. Think about it. Others hire writers for their own passive income projects. Shouldn’t we be using our (coveted) writing skills to benefit ourselves first and foremost?
I have always had an entrepreneurial spirit and have several passive income projects in mind.
Like e-books, however, they are not totally “passive.” I expect they will take a lot of work to implement, and one problem I have struggled with is my inability to settle on one project at a time. My mind is typically racing with so many ideas that it can occasionally become painful!
For a while now, though, a tempting new idea for a passive income website has been beckoning. Instead of rushing to purchase a domain name, however, I have forced myself to wait so that I do not make any impulsive decisions that I may later regret. I actually have two main ideas I want to pursue this year and want to make sure that I can commit to at least one. I’m in this for the long-haul.
MY PASSIVE INCOME GOAL IS $2,000 PER MONTH (TO START WITH). WHAT’S YOURS?
This means that I am writing a lot of the content for the new site in advance, and I am taking the time to develop an actual strategy for earning. My goal is to earn a minimum of $2,000 per month within a year of launching the site, although my hope is that it will be even more.
I was thinking about this last night and thought it might be fun to take you along on this journey with me. I don’t have a very big budget, so I’ll be doing all of the work myself – at least until I am sure that I have enough funds available to invest in help.
The fact is that I actually want to keep this project simple and affordable so that others can follow and learn from any success (or failure) that I experience. I want to show you that “anyone” can potentially earn a living from home, even when money is tight.
Will I succeed, though? That remains to be seen. As they say, getting there is half the fun!
JOIN ME ON MY NEW VENTURE!
Although I am an experienced writer, blogger, and translator, the bulk of my work has mostly been for other people, so I have never really taken the time to monetize any of my own sites and projects. In that sense, I am a bit of a newbie when it comes to monetization.
If you are interested in starting a passive-income site of your own, look for regular updates on my new project. I’ll be making posts that explain what actions I have taken, what my expenses are, and how much I have made (or lost) each month.
One of the reasons I want to have these frank discussions is because I have noticed that many Muslims (and writers in general!) are very hesitant to discuss money or even get paid for their writing. It is a constant theme in the questions I receive on this site. But you need to remove that block from your mind if you want to do this for a living.
Do you already earn from a blog you started on your own? Then I hope you’ll contribute your own insights by taking part in any discussions we have. I’d also be delighted to publish your tips and articles as guest posts on this site.
In the meantime, happy writing!