Freelance writers and bloggers often face a tough decision on how to go about making a living: Should they write blog posts and articles for other website owners or should they start a website themselves and monetize it through advertisements and by promoting products?
The Route Commonly Taken
Most writers prefer the former option, and for good reason: It takes a long time to build out a successful website that will rake in lots of cash. Since people need money as soon as possible, the first option simply is the most practical. At an average salary of $28.50 per hour, freelance writing is an excellent way to make a living.
Getting paid per article also gives writers a sense of security — the reward they earn from their hard work is tangible; they are getting paid a certain amount of money for every word they type.
Writing for clients has many advantages over writing for a personal website. Building and maintaining a website does not come without its hassles. There is the cost of buying a domain and purchasing a hosting package. There is also the stress of getting the website’s content to rank on Google – without the proper SEO, no money can be expected to be earned.
That’s beside the patience required as you slowly build out your website and watch it grow.
It is not hard to find clients who are looking for writers. The best way to find clients is by visiting job boards such as People Per Hour.
Owning a Website Brings Financial Freedom
On the other hand, writing strictly for clients is not the utopia that it may seem to be. Sure, you’re getting paid a nice amount of instant cash for each and every article you write. However, you must constantly visit job boards and spend your time sending out pitches to clients, of which the majority will not bring you results. That can be a harrowing experience.
What most writers tend to ignore is the fact that someone is using their article to earn a profit. You are building another person’s website when you can be building your own.
Now, this is not always the case. You may be writing blog posts for your client’s offline business. In that case, you certainly are not to be blamed.
However, if you are writing articles for an online journal or blog, why can’t you simply start your own? There’s no need for an office or staff. When your website is big enough, you can also hire remote freelancers.
Some people think that freelance writing is the epitome of financial freedom. After all, what can be better than working whenever and wherever you wish?
When you think about it, however, it is not as good as it seems. Searching for clients, dealing with editors and deadlines, chasing down clients to get your wages and working for other people is not financial freedom.
You can’t even take a vacation unless you are ready to forgo earning any money for a week or so. If you have a website that is bringing in residual income, however, none of the above apply. You can earn money even while you sleep.
Starting a Website Is a Goal Worth Aiming For
Yes, it does take plenty of work to build a successful website. But setting aside a few hours a week towards that goal can be well worth your while. Earning a passive income in addition to your freelance writing will make your life much easier.
For the skeptics, here is a list of the blogs that make the most money.
UPDATE: CLICK RIGHT HERE TO FIND AN UPDATED 2017 LIST OF THE TOP BLOGS AND HOW MUCH THEY EARN!
Starting a blog is not difficult. You can start a free website on WordPress or BlogSpot, or you can purchase a domain name and hosting package at GoDaddy or HostGater. You can also use the SiteRubix platform, which I explain how to do here.
Both writing for others and writing for yourself has their pros and cons. A mix of both gives you the best of both worlds.
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