Sometimes you have to take a leap of faith. I’m finding that my quest for residual income and taking leaps of faith go hand in hand. I often have to release the bird in the hand in favor of the two in the bush.
There’s never a guarantee that the two birds in the bush are more lucrative or even in better health than the one in the hand, but in order to find out I have to take the leap of faith.
Leaping Too Soon
Leaping too soon is like quitting a job before you’re financially ready. You may have a strong desire to quit the job but the timing isn’t quite right.
In April of 2008, I first attempted to take the 100% residual income leap of faith. I soon realized it was too early to leap. Over the years I’ve made several other attempts to go 100% residual, but again, the timing wasn’t quite right. As a matter of fact, even though I spend more time on residuals than up front, I’m not quite ready for the 100% residual leap quite yet. I’m getting closer, but not there yet.
Preparing for the Leap
Back in 2008 I had been writing for Demand Studios and was happy earning $15 an article. However, month after month, I would have to continue writing articles in order to keep earning. Sometimes I just didn’t feel like writing those How to’s, but I needed the money so I wrote them.
Then in late September, 2008 I discovered eHow. I saw the earning potential and wanted to be a part of it. When I first started with eHow, I made a vow to write 100 articles within the first 30 days (which I did) in order to have a more prosperous future
In my journal (October 17, 2008 entry) I wrote:
“Every article I write today is going to pay me handsomely in the future. The more I write today the richer my tomorrow is. In essence, I’m planting seeds.”
Well, I ended up writing 312 eHow articles before it was all said and done. Now, when I think of it, if I had written the 312 eHow articles for Demand Studios, I would have earned $4,580. That’s a nice piece of change. However, because I placed the articles on eHow and earn residual income, so far I’ve earned $13,789.53 (an even nicer piece of change). The real beauty is that I continue to earn on those 312 articles.
Where am I Going with This?
I often say online writing isn’t an all or nothing endeavor. You can mix and match the best that each situation has to offer. If you’re just starting out and must earn enough money to pay the bills by writing upfront articles, then do so. Don’t stop writing up front articles. What I will strongly suggest, however, is that you carve out some time to plant a few seeds for yourself. If you write 10 up front articles a day, try writing 9 and write 1 residual article for yourself.
Over time your article base will grow and on those days when you’re singed around the edges, you can take the day off because your residuals will fill the gap.