10 PASSIVE INCOME FOR WRITERS // passive income opportunities that authors/writers can consider
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- Опубліковано 24 лип 2024
- Here are 10 passive income streams for writers / authors to consider as they build their dream author career. :) A lot of these passive income opportunities are unique to writers, and some of them you might not have heard of before - hope you enjoy!
L I N K S M E N T I O N E D I N V I D E O :
◦ (VIDEO) My 12 Income Streams: • MY 12 INCOME STREAMS a...
◦ (VIDEO) How Many Books to Make $50k: • How many books do I ne...
◦ (VIDEO) Uploading to KDP: • HOW TO UPLOAD YOUR BOO...
◦ (VIDEO) Audiobooks: • How I made my AUDIOBOO...
◦ (AFFILIATE) Publish and Thrive: heartbreathings.teachable.com...
◦ (AFFILIATE) Epidemic Sound (where I get my music! If you'd like to try it for a month, using this link gives me a free month! Thank you in advance!): www.epidemicsound.com/referra...
◦ (AFFILIATE) The Book Launch Planner & Stickers (10% off discount code is BETHANY10): thebooklaunchplanner.com/?ref...
◦ (a new affiliate link!) DRAFT2DIGITAL: www.draft2digital.com/bethany...
◦ (MERCH): teespring.com/stores/bethanya...
◦ (NOTEBOOK/PLANNER): www.bethanyatazadeh.com/noteb...
◦ (PATREON): / bethanyatazadeh
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📚 T H E S T O L E N K I N G D O M S E R I E S :
www.bethanyatazadeh.com/thest...
◦ COLLECTOR'S EDITION / BOX SET: www.amazon.com/dp/B09KF5YYZJ
◦ THE SECRET GIFT: books2read.com/thesecretgift
◦ THE STOLEN KINGDOM: books2read.com/thestolenkingdom
◦ THE JINNI KEY: books2read.com/thejinnikey
◦ THE CURSED HUNTER: books2read.com/thecursedhunter
◦ THE ENCHANTED CROWN: books2read.com/theenchantedcrown
◦ The Stolen Kingdom Audiobook: www.audible.com/pd/B088FVQNJK...
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📖 B E C O M E A P A T R O N :
Where you can receive digital early reader copies of my books, writing & publishing advice, help with your author platform, meet writer friends, and more!
/ bethanyatazadeh
💻 M Y A U T H O R N E W S L E T T E R :
Sign up for FREE exclusives (the first HALF of The Stolen Kingdom + a step-by-step self-publishing guide): www.bethanyatazadeh.com/contact
❤️ M Y M E R C H :
teespring.com/stores/bethanya...
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📒 M Y O T H E R W O R K :
◦ EVALENE'S NUMBER: amzn.to/2LyJt87
◦ PEARL'S NUMBER: amzn.to/38FsJok
◦ MARKETING FOR AUTHORS SERIES: www.amazon.com/dp/B09CY8PCYK
◦ THE CONFIDENT CORGI: amzn.to/3oUIa1u
◦ Novel Planner Notebook: amzn.to/2LvyD2G
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❤️ C O M P A N I E S I L O V E & A M A N A F F I L I A T E F O R :
◦ PUBLISH AND THRIVE: heartbreathings.teachable.com...
◦ THE BOOK LAUNCH PLANNER & STICKERS (10% off discount code is BETHANY10): thebooklaunchplanner.com/?ref...
◦ EPIDEMIC SOUND (where I get my music! If you'd like to try it for a month, using this link gives me a free month! Thank you in advance!): www.epidemicsound.com/referra...
◦ DRAFT2DIGITAL: www.draft2digital.com/bethany...
💬 L E T ' S C O N N E C T 💬
Website | www.bethanyatazadeh.com
Instagram | / authorbethanyatazadeh
UA-cam | / bethanyatazadeh
Patreon | / bethanyatazadeh
___
Thanks for watching!
❤️ Bethany
Note: some of these links are affiliate links and will support me with a little extra income at no extra cost to you. :)
#Authortube #Writers #PassiveIncome - Навчання та стиль
Any passive income opportunities for writers/readers that I didn't think of? I feel like there's got to be more and would love to hear what you think!
I have a membership site for moms with chronic illness. Memberships can be another way to go instead of courses. Also, Skillshare courses
@@candicejenee-soulcadence5040 A Membership where hun??
Editing and cover designing
I am a Podcaster in anchor distributed to Spotify
Hey bethany. I love this video
As a freelance writer, I make real good money writing ransom notes.
LOL!!! 😂😂😂
I plagiarize my ransom notes,
it's all cut n paste. ;)
😜😂Love that sense of humor!!
Haha 😂
You weren't kidding! I just started and already making a killing! Getting rich this quick should be a crime.
I literally laughed out loud when you got to the point of showing the new phone case that doesn’t fit. It’s refreshing that you have a good sense of humor and don’t take yourself too seriously even in a public venue and yet the overall information you’re providing is still high quality. Great balance! Just discovered you today… watched several of your videos and learned so much already as an aspiring yet to be published writer.
I love your shirt. I found your channel today and subscribed after the first video I heard about the 5 mistakes you made publishing your first book.
You literally put this out at the perfect time! I'm nearly about to graduate and this helped me put into perspective ways I can make income with my books and toolset once I do. Thanks so much for being a psychic and providing this advice!
Yay I'm so glad!! Good luck with everything, you've got this!
You are so beautiful! I’m an author I’m actually excited about audio book narration and podcasting starting this month. Thanks for the tips Bethany. Congratulations on the coming baby.
I love your channel! Thank you! 🙏💕
TikTok as well! Love all your videos Bethany!
Thank you Bethany for being an inspiration. It is obvious that you have worked very hard and you really deserve success. It is so easy to get pulled in different directions in life. Keeping the focus right and nurturing my passions is what I’m trying to do with my writing and art based ideas. Thanks for the encouragement and the valuable information. Love your enthusiasm! Take good care. All the best with your new family member!
Thank you so much!
2022 is the year of setting up some passive income! Love this video.
I also can't stop laughing at the whole merch part of your video. Love how real you are.
It totally is! And LOL thank you, I was shaking my head at myself during editing haha... oops! 😂
Love this video! I am so impressed. I feel a bit behind, but I'm going to start a podcast soon (May), and get back to adding content to my Patreon account. I struggle with organizing all the various parts of the writing life - which I believe includes many, if not all, of these kinds of passive income streams. I tutor and teach teens, but I love that, but I also would like my writing and writing life to stand on its own a bit more. So, thank you for the encouragement and all the ideas!
As always, this was super helpful. I was going to say that sponsorships are another passive income stream but I don't know if that would be considered passive since it's a one-time paycheck usually. Lol. I love when my favorite creators have multiple streams of income. I want artists and authors and creators to be able to make a living off their work if that's the path they choose! I don't understand why that's sometimes seen as a negative thing. I get when it's a scam, yes. But why not just judge it based on a value of the product instead of being like "you should ONLY be doing the artistic thing! Nothing else! You're not a real artist!" Like, no. If you've created a valuable product or you're an affiliate for a company you love, why does that equal scammer?
Thank you, again, for being so upfront and grounded about the financial side of creative work!
Oh yeah, good point! I wasn't sure how sponsorships worked because I've never done one, but I ended up skipping it more because I was thinking that was more of a youtuber (or maybe social media?) type thing versus a writer-specific thing? Idk though, it could still be awesome, so it's worth mentioning! :D And absolutely agree, thank you so much!
I love the printables and downloadables! It excites me making them!
Oh my god, that sweater looks SO COMFY AND CUTE! I’m so jealous!!
Well delivered, thank you! 🙌🏽💜
Glad you enjoyed it!
Love this! Something you mentioned once but no one else ever does - how to handle being an entrepreneur and dealing with bookkeeping and taxes. And payments! Thinking a monthly payment is way better than one lump sum annually. Theres gotta be some software....???? Just some thoughts..... Loving you!
I love everything that you’ve shared Beth. All the best to your upcoming new baby, big congratulations! 🌹🌹🌹🌹🌹🌹🌹🌹👏
Thank you so much!
I have to say that I loved this! I’ve been thinking about doing merch, podcasts, and patreon. I just haven’t been able to put it all together yet. I’m also trying to add writing sources to my website. I’m trying to figure out the designs I want for my merch too.
Yay I'm so glad! I think it can help to do one thing at a time too, because then you can give it your full focus and once you wrap it up, it can keep working for you while you move on to the next thing! :D
Love your videos! I'm starting my journey and you've helped so much. Even if just inspiring me to get at it.
Yay! Thank you so much!
Great information thank you
I'm a big fan of audiobooks on my hour drive to work. +1 audible purchase for you today, I can't wait to listen to it! I like reading physical books but I find I have more time for more stories if I listen to them too.
I love that! I really want to try to get back into audiobooks eventually, they're so valuable and so many people love them! :D
Thumbs up to Audio Book from my side too.
Thank you! This is so informative!
Yay! I'm so glad it was helpful!
All of these ideas are fantastic. Definitely gave me some things to think about as far as what I can implement or improve on that I'm not doing already. I only started considering doing audiobooks after I fell in love with them as a listener, about 2 years ago. I have a couple under my belt now and they are a TON of work and time, more than I had anticipated. If you don't enjoy it or aren't going to make money from it, it's hard to justify, but I personally would love to see more of your books in audio if you ever get around to it. 😊
Thank you so much! And I agree, the work and time spent was a huge shock haha, but I would also really love to be able to offer more audiobooks someday - maybe during maternity leave I'll start researching my options there some more! :D
Hi Bethany... I have been watching your channel for about a year. You have been an awesome resource to me and I always look forward to your next video. Thank you for your transparency, as many of us have appreciated your experiences on what has gone well for you and what you learned from situations that have not gone so well. Wishing you well on your "new motherhood chapter." Thanks. Gail
Thank you so much Gail, I really appreciate that! :)
I wish you the best!!! You are an excellent instructor... I found you today. !
Thank you!
Excellent video as always! Your content is very helpful because I've been promoting my books and trying (hoping) to get them in the right hands (and sales) 🥰 Thanks for sharing your knowledge with us !
PS: Is Pateron good for small UA-cam channels like mine (515 subbies) ?
I love this video! My husband has a passion for podcasting, but me not so much. I tried, but no. I am launching some journals/notebooks/coloring books soon. I have a passion for those, and I’m kind of excited to see how those go as I polish up my next novel 💜 I also have merch and a membership site for moms with chronic illness (rather than just a course). My last stream is affiliate. I’m just getting started. These are all at the beginning stages, so they are snowballing, but I love seeing them start small and grow (just like babies 🤣). (I do UA-cam also, but mostly just for fun)
That's so cool! Yeah I think passion keeps you motivated to do your best and actually enjoy the work along the way, so that's awesome that you figured out what you do and don't like! :)
I hate to sound so lost but what's a notebook! I'm interested in self publishing but I've don't know what a notebook is!
Love this video!! For me, I can't do a lot of these because talking and being on camera is just not for me. So like UA-cam, podcasts, and those kinds of things. But I definitely want to think of some things I can do, like merch or something!
You can absolutely do those other things! I think some of them you can also hire help to create, such as someone on fiverr or 99 designs or even an instagram artist to help you design cool merch! :D
@@BethanyAtazadeh Oh awesome!
Love it! Thank you!
I needed to hear this. I've done a lot of writing, but never manage to get published. Oh well. Nice video! 😀
You can do it!
Well, your definition of passive income is mine too. Just taking the linguistics, "passive" means that you don't do the stuff, but it is done (lol) for you, so yeah.
I was quite surprised about the audiobook thing. I never thought about it, honestly, so it is interesting that you talked about your personal experience, but also about how writers could also make money from it in different ways.
I checked mark five of the things you mention and when I get their audiobooks which will take me to six. But streaming is another way like UA-cam, Facebook, and Twitch. That will be my 7 whenever I have a better connection. But I'm gonna look into doing digital products and see what ideas I could come up with. But the only revenue that has come to me is my books but then again all of my stuff is free. This video was great. Tells me I'm on the right track. Thank you.
That's so awesome! Nice work! :D
You are an excellent author on top of being an amazing person. I loved your first book and can't wait for more. I'm still waiting for the lion and eagle clan book that you guys did with your saving the cat experiment! Write that next PLEASE! Or give me permission to write it 😂
Thank you so much!
This was a great video. My income streams are:
Books
Affiliate Links
Merchandise
Podcast
But I really need to put more work into the last two and work on some more streams. I like the downloadable one, I working on getting into audiobooks soon and UA-cam
That's awesome, you have a lot!s I think it can help to do one thing at a time too (depending on the thing I guess haha), because then you can give it your full focus and once you wrap it up, it can keep working for you while you move on to the next thing! :D
Super appreciate the bonus one! I've been starting a Patreon but a bit stuck. Going to hunt out more info on it now
Yay I'm so glad! I think I have an older video on Patreon but maybe I should do an update on everything I've learned in the past few years - if you have questions or find anything good on that topic, definitely let me know! :)
@@BethanyAtazadeh I found your older video and that was good too. I think maybe I'm not ready to launch yet. I got a great mark on my dissertation recently and my girlfriend encouraged me to start a Patreon - even just friends and family at first, while I'm finishing the novel - she was thinking I could share short pieces of fiction and maybe offer a proofreading service. I felt really enthusiastic about it at first and did some research and planned out my tiers and benefits - deviating from her ideas somewhat! It's weird trying to think up benefits when thinking of my audience because I haven't built one yet so it would just be through my personal network, so I got confused about what makes sense to offer as benefits. I guess my questions would be around whether I should definitely wait until I've built an audience. My gf knows someone who started a Patreon early but they got commissions to do paintings which makes more sense than with writing. I guess I'm just trying to figure out how to bring in an income as a writer before I'm published and without creating too much additional work!
Hi Bethany.
I believe that I know how to use a pen.
Great Channel!
Just subscribed.
Congratulations! I hope all goes well.
💐 🇺🇸 🇬🇧
Thank you for sharing!
Absolutely! :)
Very cool! Thanks for sharing. So far I have ebooks and I've recently started notebooks and other low content books. Not a real income from it so to speak, but it's a start
That's awesome and absolutely a great start! I think it can help to do one thing at a time too, because then you can give it your full focus and once you wrap it up, it can keep working for you while you move on to the next thing! :D
@@BethanyAtazadeh true! I have a bad habit of taking on too much at once lol
This was so informative 🧡 I have been wanting to get into narrating audiobooks but have been feeling nervous, now you've got me wanting to try even more!
If it's something you're passionate about, then I know you can figure it out! :)
Thanks for video keep going 🤠 greeting from Morocco
Loved this video! I’m wondering if you have to deal with state taxes when selling your merch on your website? Do the orders go to Spring and they handle all of that? When my website developer created my website she was relieved that I wasn’t going to sell anything because of this.
Thanks for the info!
So glad it was helpful! :)
Thanks So Very Much for Your Videos hun, I'm trying to figure out if I do \upload an E-Book Journal, am I also supposed to make it as a paperback Also for When People order it? Also, how much would people charge for like notebooks, Journals, Etc.???
Love the video, over the moon about your upcoming baby.
Thank you so much!
I can empathize with wanting multiple income streams. I currently am brainstorming about four or five different options, though it'll take some time to get it going (especially with how effort-intensive UA-cam is).
You can totally do it! It helps to just focus on one thing at a time, and then once you wrap it up, it can continue working for you while you move on to the next thing! :)
Yeah. Most of my projects are writing-based, which will definitely have continuing returns once I finish them, as will the video game on my bucket list of projects. I'm actually considering selling asset packs for game devs when it comes to pixel art, since that's a small hobby of mine. It may not be tons of money, but any extra would help with the long-term goal. :)
Loved the ideas, thank you. Do you think creating a YT video that summarizes the book or series might be a good marketing tool? I have been thinking of creating a video with a some artwork related to the story and a summary of the story, maybe some dramatic music too. Do one or two for the book and maybe one or two for short stories of the universe surrounding the story? Do you think those would be good? Or have you tried something like that and found it not really helping? Thank you!
That sounds like you're talking about a book trailer? Those can be fantastic and a fun way to share with readers, maybe for the cover reveal or release day especially. I don't know for sure if my book trailers have made a big impact or not, since I've always paired them with other marketing, but if you have time, it definitely can't hurt!
I love your videos... I have a high school writers' club, and I will be sure to introduce you to them. I would love to be mentored by someone like you to start passive income streams! As a teacher, my time to develop other streams of income is not as great as I would love it to be, yet I also know that I need to begin establishing other income sources - I love teaching but I do not love dealing with the discipline issues. Therefore, beginning something new like this could be extremely valuable - and I can also share it to inspire my students (as long as I must teach them for my current income...LOL!).
I love the tshirt...."future bestselling author" damn yeah...oops baby in the room...haha. Congrats.
I love videos like this!
Yay thank you! So happy it was helpful!
I loved the update on passive income! Thank you! I did not know you could create courses on Patreon. Would you consider expanding on that?
Thank you, so glad you enjoyed! My Patreon course is made up of a few posts with unlisted youtube videos, meaning that only people with the links to the posts in that tier can watch. :)
@@BethanyAtazadeh You're a genius!
This video is so good! Definitely need to get better at passives income. I'm way too active lol
Yay thank you! It's so hard, active income can be really fun too!
Great 👍 advice!!!
I'm so glad it was helpful! :D
Congratulations 🎉
Hello Bethany,
Is it ok to use same keywords for two amazon ad campaigns. I have already used 700 keywords on my paperback book ad campaign. Can I use the same keywords for the ebook ad campaign?
Thank you.
I would think that if you were selling your books on Amazon, there may be an added advantage to a merch store there. Think: Because you are interested in this product…pop-ups customers get, even if they are trying to find something they want return. I’d like to hear what you think…❤
Thank you for this video. I write books and sell them (though they dont earn much. I want to create a writing course and digital writing products but havent had time to get it together yet. I try youtube but I dont have time to edit the videos so I'm not consistent with that. I've tried Patreon but that didnt work. Did 3 audio books (1 with a narrator and one myself) and they're too much work and too expensive. I'm thinking about trying notebooks and coloring books next. My issue with UA-cam other than the time to edit is I dont have enough subscribers for monetization.
Hi Bethany, you are so likeable! I love your videos. Question: I don't know if you want to share this or not but I was wondering why you've been rejected by Amazon as an affiliate. Keep up the great work! 🌻
Thank you! And you'll see them explain the reason in each of those three emails that I put on the screen! ;)
I’m a Realtor, Who is writing a book about knowledge brokers. You fall under that category and would like to feature your journey in building up your business in the book. Would you be okay if we have a zoom meeting so I can ask you questions?
DON'T MIND ME TAKING NOTES LOL
- podcasts (not sure where... maybe Spotify. Topics targeted to readers and authors alike.)
- Voice acting, books.
- Merch over at spring or redbubble
I would love to know how you narrowed down which merch store you chose to use. Like, how do you know that one tshirt from one store will be better quality than another? Do you look at reviews or talk to companies directly? What's your best advice on approaching that research? What fo you think is the most important thing to consider in this area?
Honestly, my number one goal was to connect my store to UA-cam, and at the time of setting it up there was only one option that I was aware of. (I think there's at least one other option now, but not sure how many UA-cam partners with.) If that wasn't a factor, I might've had a harder time deciding, but that really narrowed down my options to just one. I'd recommend watching other youtube creators who've actually done multiple stores to get a better idea of what's out there! :)
@@BethanyAtazadeh thanks 😊
Thank you so much for this, as I have a bunch of documents and planning sheets that I come sending to people. However, given the work that went into their creation, this video is acting strangely like permission to ask for a small amount of my time.
Yay! I'm so glad it was helpful! :)
How do I find affiliate opps?
I have heard about patron, but have no idea how it works. Please explain in detail. I'd appreciate it. Thanks!!!🙏🕊❤
You can google it! :) It's awesome!
KDP only really works after you have a following and to get that following means more work than you're ever really going to make from your books. When Amazon promotes every publisher book over self published books you're never getting a good deal. I do cookbooks and even typing in my name as author leaves my books somewhere down the list below who ever has paid Amazon for promotion.
That's definitely not true. There's also all kinds of other paid advertising like Amazon or Facebook. A following is just organic marketing = one type of marketing you can do.
What do others consider passive income then? Because your definition sounds like mine.
Oh good question!! A lot of them were saying things like stocks and how you still had to be "active" because of buying/selling and whatnot. But I'm like nope! Passive should be passive haha!
@@BethanyAtazadeh agreed!
@@BethanyAtazadeh your definition is mine! A lot of passive income sounds pretty active. Like property flipping and rentals, coaching, drop-shipping, Tai Lopez-style course-making or whatever get-rich scheme gets trendy.
Yep it’s my definition too!
@@BethanyAtazadeh , even with stocks, I would argue that one pays someone else to manage the account for you. So yeah, not as passive.
Save as much of your income from writing and all of these sources into retirement and taxable investment accounts. A pair of total stock market and total bond market index funds or ETFs will be more passive than all of these sources. Don't take my word for it though. Research into these to truly understand the value of these sources for yourselves.
So, if you make 70 cent in royalties a sell on an eBook you'd have to sell 71,428.58 books a year to make a 50K year. So yes, backlist backlist backlist - build that backlist!
Remember, all that matters is how you feel about yourself. And how Keanu Reeves would feel about you if he met you. (Not my joke but I couldn't resist!)
Hahaha love it
You forgot the most important one, Penny. Like come on, it's in the name
Haha, I wish! Penny is more active payments than passive income, but that'd be nice lol!
boy you love talking about your maternity leave
LOL shocking! I can’t believe she’s talking about her life and interests! Who does that anymore?!
@@BethanyAtazadeh salty are we?
Not a fan of audiobooks either. 👎