How to Write and Develop Passive Income

The goal of every writer should be to create passive income. You can do it, as long as you plan for it. Let's look at how you can do that.

You may be wondering just what "passive income" is. Often it's income that's derived from the licensing of your writing in one way or another. You license the rights to your writing to someone else, and they publish your writing. When the book is bought, or people go and see the movie, you receive a royalty.

Royalty payments are the original form of this.

These days however, writers have many more opportunities than depending on book royalties from traditional publishers, or from movie sales.

You can self-publish your own books, and keep all the profits for yourself. Beyond books, you can create websites, which make money for you in various ways.

Here's a simple process for getting started.

1. Decide What You'd Like to Write

Do you want to write ebooks or books? This is simple. You can do this quickly, you don't have to spend a year writing a book; your ebooks can be very short, when compared to traditional books.

You can write fiction, or nonfiction. Currently on the Amazon Kindle bookstore, fiction outsells fiction six to one. Therefore, if you like writing fiction, just get started.

You don't need to write hundred of pages, many ebooks are short, at fewer than 50 pages. Some are just 20 pages.

2. Create a Publication Schedule

The most successful creators of info products are those people who have a schedule. They treat creating passive income streams like a job. They make plans, and carry them out.

Therefore, once you've decide what you want to write, create a schedule for your projects. Add the starting dates, and the deadlines, to your calendar.

3. Expect That Some of Your Attempts Will Be Duds

You may create a best-selling ebook, or a high-income generating website the first time you try to create passive income.

However, chances are that you'll stumble the first few times, and your early attempts will be duds. Don't let this faze you.

Everyone fails their way to success. Look on everything you do as an experiment. Some of your experiments will be highly successful, others less so.

You will learn, even from your duds. Sooner or later, because of everything you've learned, you'll create something which will go on producing passive income for you for years.

Why not get started creating your first passive income project today?