You guessed it. This is another post on earning residual income.
The other day I was listening to an old copy of a Brian Tracy CD that my hubby had. My hubby is the ultimate positive thinker. The glass is ALWAYS half full with him. That’s a wonderful trait, but every once in a while I secretly want to see the glass as half empty. It doesn’t happen too often, but I’m guilty of having a half empty day here or there.
I guess I was having a glass half empty day so I pulled out the Brian Tracy CD about The Miracle of Self-Discipline . Now, I’ve listened to the CD countless times before, but every time I hear it, something new hits me. This time it seems that long-term perspective caught my ear.
In essence, he mentioned that successful folks think long term. They sacrifice short-term gratification for long-term gain.
My Long Term Plan
Of course, when he mentioned long term perspective I could have sworn he said: “Felicia, evaluate your up front pay and compare it to your residual earnings.” So, being the stats junkie that I am, I started looking at my stats (anything to get away from writing for a bit. I wasn’t quite in the writing mood).
I collected all of the data on my blogs (even the ones that are performing poorly), articles, websites and even Demand Studios. I found that I wrote 625 pieces last year. When I factor out the 197 articles I wrote for Demand Studios and deduct the $2,955 they paid me, the remainder of my work is averaging $37.85 per piece. The astonishing thing about that per piece figure is that it includes my blogs that get one or two visitors a day, my non earning eHow and Suite articles and even my InfoBarrel articles that have never earned a dime.
With so many duds in my residual writing portfolio, my time is still better spent writing anywhere other than Demand Studios (I don’t know why I keep going back there).
Plans Going Forward
After evaluating my last year’s writing, I realize that I spent way too much time on Demand Studios and non performing blogs (I wrote a total of 240 blog posts last year and only 142 of them were on NJFM). If I had written the 197 DS articles and 98 dud blog posts elsewhere, they stood a better chance of increasing my per piece rate. I could conceivably cut my writing in half and still increase my per piece rate.
Follow YOUR Dream
My dream is to earn money writing what I want when I want. I also like having the option of not writing when I don’t want to. I’ve done the high-paying corporate thing and I’ve also done the low paying not so corporate thing. MY dream is to set things up so that I can do next to nothing and still get paid while doing it.
Oh, yeah, I almost forgot…
Lesson learned? Statistics can be a big time waster, but an online freelance writer is lost without them.