I’ve been pretty busy recently renewing my daily membership to the Double O Club. I like to meet the requirement early in the day so that I can goof off the rest of the day if I wish.
Unfortunately, other life things are happening and the other things don’t really care about my Double O membership. So, I’ve found that I’ve been doing a lot of juggling lately. Nothing major, just life things.
This morning, before I got started on tomorrow’s membership goal, I looked at my multi-page spreadsheet (the first page is a summary of all of my freelance writing earnings from when I created my first site until now). As I was browsing through my numbers, I came up with a refocusing discovery.
Numbers Tell a Tale
Last year my entire writing income was a little over $19,000. Not too impressive, but enough to pay off a few bills and buy a meal or two. The $19,000 was a combination of both residual and upfront pay.
As I look at my figures this year, I’ve surpassed my last year figures, but my goal is to push my residual income beyond my entire last year’s income. In other words, I’m looking to earn over $19,000 this year in residual income.
Upping my Game
Currently, as of this snapshot in time, my residuals for the year are hovering around $18,000 ($17,966.82 to be exact). With 2 and a half months to go in the year, I feel reasonably sure that I’ll break the $19,000 residual income figure (now to push for $20,000).
Lately, I have been writing too many Demand Studio articles. I’ve been averaging 3 to 4 a day, six days a week just to get me over the $100 per day goal with room to spare. Unfortunately, when I’m done with the DS articles, I’m not so motivated to write much else.
While I’m meeting my momentary monetary Double O goal, I’m sacrificing long-term gain. You know, I’ve got that whole “short-term gain/long-term pain” or “short-term pain/long-term gain” thing going on.
One Month On One Month Off
I have to remind myself that this is not an all or nothing situation. I can make changes as I see fit. So, I’m thinking that I’ll have an every other month membership to the Double O Club. This month I’m writing fewer residuals and more up front, but next month, I’ll switch things around; more residuals and less up front.
Eventually, I’m hoping that sometime next year I’ll be able to maintain my membership in the Double O club without having to write so many articles for upfront pay. That’s the beauty of being a freelance writer, you get to direct your career.
BTW, my numbers…If I can earn $17,966.82 in residual income, you can too. There’s nothing magic about it. I got there by writing one article at a time.