First of all, I want to thank all of you who have taken the first step towards furthering your career through the purchase of our Content Writing 101 eBook, showcasing explicit details on how to break $50 per hour while writing for content mills. I’ve been receiving some great feedback from those readers who have already finished the book, and I’m eager to hear more success stories in the coming weeks and months ahead.
With that in mind, I’d like to talk about something that most freelancers think is a part of being self-employed: feast or famine.
Feast or famine is a term used to describe the peaks and valleys of being self employed. The old saying goes that if you are someone who works for yourself, you never turn down work; instead, you outsource when you have an overload. The reason for this is simple: once you say no to a client, the chances of them being willing to come to you in the future with additional progress decreases, and for those of us who happen to work in this field we all know that the more chances to make money = the more chances we have of avoiding that nasty “famine” phase of writing.
The famine phase is fairly self-explanatory. It’s the time between large projects when things are a bit lean and you end up pinching pennies to make sure you don’t tap into the savings while you wait for the next client. But is the feast and famine cycle really something that is a part of freelance writing?
The Myth of Feast or Famine
The reality is that the feast or famine cycle is largely a myth, at least in my opinion. The reason I say this is simple: with a global pool of opportunities and the Internet at your disposal, there is really no reason on the face of this planet why you should be suffering from a famine cycle in your career.
The biggest mistake people make when it comes to this career is ignoring possibilities. Which is exactly why I promote writing for content mills along with all of the traditional forms of writing, such as cold-calling, querying, writing for print, writing short stories and so on and so forth. You see, content mills are yet another source of income for people, right up there with residual sales from self-published informational products, and as anyone who has been in this career for the long haul understands, additional sources of income are vitally important in terms of self-sustainability. After all, you never know when one revenue stream might dry up, and with so many changes happening across the writing industry on a day-to-day basis, it’s really in your best interest to have as many options as possible set up so that you can keep on bringing in income should one of those revenue streams dry up.
However, there is also a kernel of truth behind the warning to not stretch yourself too thin. Multiple revenue streams can be a good thing, but having too many going at the same time that require your attention can mean less time writing and more time overseeing the day-to-day operations of the various streams, which can be a distraction and eventually lead to revenue loss. But there are some revenue streams which have a guaranteed outcome, and when you can relax in the certainty of a fast, fat paycheck, would you really want to pass that type of income stream up?
As for myself, I have three different revenue streams: residuals from the various informational products I sell; content writing income; and private client income. I plan on setting up two more additional revenue streams this year that actually have nothing to do with my current career. One of the benefits of living and exploring various countries around the world is finding great deals on real estate and setting up rental properties, which is something I’ve been investigating for the past 4 years and am finally getting around to actually doing now that I have my nest egg ready to hatch.
Why You Should Consider Content Mills
As anyone who has followed my website for a length of time knows, I’m one of those who actually supports content writing for content mills. Why? Because I firmly believe in the age-old saying of “don’t put all your eggs in one basket”. As such, I have established multiple streams of revenue through my writing efforts. I don’t believe there is only one way to success in this career, and anyone who tells you such is lying. There is never only one way of doing things in any career. Innovation being what it is, everyone can find new ways of doing things, especially in a day and age when the sharing and selling of information has become so readily accessible for people around the globe.
The reason content mills are so important is that they are yet another method of avoiding famine cycles in your writing career. Regardless of who you are, at some point in your career there have been slow times. Times when you started to cringe when the utility bill was due, times when you were clipping every coupon you came across, times when you avoided going out so you could make sure you didn’t tap into your savings. But those times are long gone, nothing more than a remnant of a tired past that has faded into antiquity.
You see, content mills can be used to your advantage, especially when you know that you can walk into many of them and make a minimum of $50 per hour without any previous writing experience. While you can choose to work primarily for them, you can also choose to balance them with your other revenue streams, much like myself and others do on a regular basis. And while you can choose to ignore them if you have other options already in place, for many people content mills provide a way to bridge the gap between slow times, effectively eliminating the famine cycle of a career and keeping you in the driver’s seat for the entire duration.
In uncertain economic times, don’t you think having more than one option for revenue is a good thing? I know I do, and with four years running in my career and no dry spells yet, I can say without a doubt that content mills have certainly provided me with a way around famine cycles, especially in light of the types of profits I’ve made from them in the past few years. I’m certain they can do the same for you.
So put aside those worries and fears about longevity and sustainability. Stop stressing over the utility bill or whether you have enough money to take your significant other out for a date or your kids on an adventure. Strap on your content writing boots and discover an alternative way to bring income in, keeping your pocketbook full and your hopes and aspirations both achievable and enjoyable at the same time.