I’ve said it before, and I guess I’m not a quick learner, so I’ve got to say it again (more for my own benefit). I’m losing money by writing for Demand Studios.
Here’s the Scoop
As you know, I’ve been working on joining the Double O club this month. Because my residual income is below $100 per day, I have to supplement my residual income with up front pay. Since I’m already a writer for Demand Studios, I used them to close the gap. It’s quick, easy and with those few articles a day, I gained my ticket for entry into the Double O club.
Not the Wisest of Decisions
As I look at my numbers I realize that I should re-think the cost of the ticket. Here are the numbers. Tell me what you think:
October 1 – 20 Numbers
|Venue||# Articles Written||Earnings for the Month||Average Per Article|
Keep in mind that I wrote this post early in the morning before my residual numbers for October 20th updated. So, in essence, the chart shows my residuals for October 1 through October 19th and my DS numbers include October 20th.
I Must be Crazy!
If I put ½ the effort into writing residual articles that I had put into the DS articles, I would probably enter the Double O club based on residuals alone. I like the immediacy of cash that I get from Demand Studios (or should I say my kids enjoy the immediacy of cash), but it doesn’t trump the peace of mind and long term financial gain that I’d achieve writing for myself.
I guess it’s time to put my entry into the Double O club on hold and get back to balancing my writing venues.
Reversing the Roles
I’ve been at this stuff for over 3 years. My recent writing stint reminded me of when I first started writing online. I spent my time looking for up front pay to cover the monthly bills. Back then I took low paying assignments (even lower than DS), and supplemented it with residual articles. I looked at the up front gigs as my bread and butter and the residual income as my part-time gig.
Now, the tables have turned. I have to look at the residuals as my full-time gig and my up front articles as my part-time job. It brings in a little extra cash, but it’s not my bread and butter. Fortunately, I enjoy my day job so much more than my part-time gig.