Passive Income: A Freelance Writer's Way to Freedom
posted February 3, 2009 - 3:50pmIn freelance writing, particularly with online freelance writing, there is more than one type of income. There are the one time payments that most writers are familiar with. This is the basic form of most writing payments and/or transactions. You ghost write an article and get paid $10, or you write one article for Associated Content and get $3.50 up front. This is the type of payment that most writers are used to.
Then there is passive income. If you're hoping for the "work when I want as long as I want and do what I want" dream of most would-be writers, then you need to look into passive income and ways to build your passive income. This is one of the places where Xomba comes in, as you can write and earn Adsense income based off of your articles. As your articles are picked up by the search engines, you may continue to earn income off of articles that you wrote months or even years ago.
On Associated Content, this is the pay per view (PPV) bonus, which pays the author for every 1,000 views. For Constant Content, this would be the articles you write once and only offer usage rights for, meaning they could be sold over and over again. eHow is another place where writing for passive income takes place over time.
Passive income through places like Xomba and Hubpages, and using Google Adsense, is the best way to begin earning seriously daily passive income, and is the way to build towards that freedom of lifestyle that most people imagine, but never achieve, when they just start getting into freelance writing.
Sometimes you get both. This article on the best post apocalyptic movies, which I wrote well over a year ago and put on Associated Content, was only paid $5 up front for usage rights, but this article now makes me about $9 a month passive income from the page views bonus. That's $100 a year and counting that article will continue to make me.
Many people have had some serious success at Xomba, some even closing in on $100 a day in Adsense, even if they don't write any articles that day. This is passive income, and what you need to work towards as a freelance writer if you really want the freedom that being a freelance writer has the potential to bring.
So keep working on the passive income, and maybe listen to Timothy Ferriss for some advice on what to do with all that freedom you'll have once your passive income hits the point where you don't have to write anymore.

Comments
Yes, a few.
For great information on the writer's life, check out my freelance writing blog for beginners.
The Money's Really Just a Side-Effect of Being Helpful
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passive income
Not personally but.....
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Do you actually know anyone making that much?
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