If you're interested in becoming rich as a writer, then you should be aware that it is possible. Many writers earn a six-figure salary, and you can too. Here is what you need to do in order to become the next high-earning writer.
Find your Niche!
It may seem unnecessary to focus on one type of writing when you can seemingly write about "everything" and make so much more money. However, it doesn't work like that, and finding a niche in the beginning is important. Why? First of all, when you identify your niches, you're able to focus on one type of writing in order the perfect it. Becoming an expert in your niche might make your target audience a lot smaller than writing "everything", but the quality of your writing will be significantly better, helping you to retain a more loyal audience.
How Do You Find your Niche?
It might seem impossible to determine what your niche is in writing when your interests are so vast. However, if you take the time to sit down and think about what you really like, you can then figure out what your writing focus should be. It will be necessary to do some exploration by writing in different genres as well as reading all sorts of material. Only then will you have the ability to discover what truly stands out for you. This will also enable you to discover what you really enjoy, as well. For instance, if you like writing articles, you might find technical writing boring, but beauty and fashion really excite you. You also need to determine whether you prefer writing fiction or non-fiction. I struggled to find my niche for years, but I finally found it by following the steps I've outlined for you.
You'll know when you find your niche when you find what makes you feel passionate. Writing on this topic will come easily, and you will enjoy the process. Once you've discovered and perfected your niche, you might even expand it a bit to accommodate a few more possible niches, but don't allow yourself to get carried away.
Create a Blog
Once you find your niche, one way to start making a six-figure income is to start a blog. While it takes time to write and establish a blog, over time, you will find that your income will steadily increase, as long as you continue to regularly provide high-quality content.
Simply starting a blog will not earn you any money unless you implement a plan to monetize it. How do you monetize a blog?
In order to monetize your blog, you can opt for:
Google AdSense - AdSense enables you to display relevant ads on your website for profit. Every time someone clicks an ad, you earn a small commission
Affiliate marketing - Whether you choose to sign up with Amazon.com or one of the many other sites, you can earn money each time someone subscribes to a service or makes a purchase after they've clicked on a link from your site
Subscription - you could offer subscription-based viewers of your blog, who would gain access to exclusive material
Get sponsored - If a company discovers your blog, and you receive an immense amount of traffic, then the company may sponsor you as long as you feature their product or service on your blog
Ask for donations - Buy Me a Coffee and PayPal donations are just two possible ways to request donations that allow users to donate any amount of money to you that they desire. The donations can be a one-time gift or ongoing, and is solely at the giver's discretion
There are other ways to monetize your blog, so once you've started your blog, it's important to explore as many options as possible.
Gain Some Experience
Most writers don't start out earning six figures, so you need to work yourself up to making this amount of income. I started out making a measly $1 an article as an amateur, then I worked my way up over the years. The amount of time it takes to gain enough experience to start earning big money depends on several different factors: How often you're writing, what you're writing, the quality of what you're writing, and more. It has taken some writers as long as a decade to start earning big money, while others start earning a respectable income after a year or two.
If your goal is to start earning six figures within a year, then it's certainly doable, but you can't simply sit back and wait for it to happen. You have to work hard to make it happen, and it can.
Self-Publish Books and/or Newsletters
Many writers who earn a six-figure income regularly publish books and/or newsletters. Oftentimes, the books are self-published via a platform like Amazon Kindle or Nook. These books don't have to be full-length, and if your niche is in a self-help genre, then your books are more likely to sell.
If you decide to publish a newsletter rather than books, then you might want to sign up for one of these sites, as they allow users to create free newsletters.
Once you've decided to write books or newsletters, attracting buyers and subscribers to your material is important. Marketing your material that you've published is essential if you expect to be found, as there are so many similar books currently on the market, and therefore, a great deal of competition.
Teach Other Writers
One way that many writers who make six figures is by teaching other writers how to become professional writers. Some offer paid webinars, which contributes a significant amount to their income. YouTube videos is another way well-paid writers make their six figures. They create videos that can provide newbies with useful information. Writers earn money by ads, sponsorships, subscriptions, and more.
This is not an exhaustive list of how to earn six figures as a writer. If you're motivated to earn six figures, then you can certainly do so. However, be ready to put in a lot of hard work, especially in the beginning. Once you've established yourself, a majority of your income can be earned passively, which is what many writers strive for.
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