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Fill Revenue Gaps With Alternative Income Streams

May 13th, 2009 (9:00am) Dawn Foster 9 Comments

Photo by borman818

Photo by: borman818

As a freelance online community consultant, I spend a lot of time thinking about ways to stabilize my income to reduce the ups and downs that come with having my own business. The most obvious solution is to manage your pipeline to make sure that you have new projects to replace the ones that are completing, but it’s also a good idea to have alternative income streams to complement your main client work and fill in any gaps.

In an ideal world, you finish one project on Friday with your next project ready to start on Monday; however, we don’t live in an ideal world, and even our best planning efforts occasionally go awry. While my client base has been fairly steady, I’m always concerned that I might have gaps. I would rather have plans to fill those gaps rather than being caught off guard and unprepared, so recently, I have been experimenting with alternative income streams that will generate regular revenue without relying entirely on client work.

This isn’t a new topic on WebWorkerDaily. Georgina recently wrote a great post with some of her recession avoidance techniques: saving more, managing debt and spending, and strategies for finding new work and staying motivated, while Anne Zelenka wrote a great post with 10 new ways to make money online, and Mike and Aliza followed up with 10 more new ways to make money online. However, I wanted to write about my personal experiences with alternative income streams. Read the rest of this entry »

Smashwords: Vanity Publishing or Innovative Content Delivery?

February 13th, 2009 (7:38am) Darrell Etherington 11 Comments

swlogoNot too long ago, I posted about BookGlutton, a service which allowed for online collaborative reading. You could also upload your own work, but that wasn’t the main focus of the site. Smashwords, on the other hand, is a web site devoted to self-publishing. It doesn’t lend itself to collaboration, necessarily, but it does present another possible method of content delivery, and for web workers looking for another revenue stream, it may provide an avenue for monetizing your content.

For me, it also raises the age-old question: is self-publishing really just a form of vanity publishing, along with all the negative connotations that implies?

It’s a thorny question, and one that takes on new significance as we slowly but surely move away from print media towards online publishing. I went to school for writing, and had it drilled into me pretty much every day that unless it was someone else’s name on the masthead of the journal or press I was publishing with, I wasn’t accomplishing anything.

Online, however, many of the most successful professionals are self-published, and self-made. Darren Rowse, Guy Kawasaki and Om Malik Richard MacManus come to mind. They are dealing primarily in the medium of the blog, however. The stigma associated with self-publishing doesn’t seem to have entirely disappeared when it comes to books. Read the rest of this entry »

WEBook: Book Publishing By the Masses

April 9th, 2008 (5:00am) Aliza Sherman 10 Comments

WEbookThere’s a new Web publishing tool on the block that seeks to deliver on the convergence promise between “blogging, social networking, and…American Idol!” So says Sue Heilbronner, president of WEbook that makes its debut today. I spoke with Heilbronner and Melissa Jones, the site’s content manager, and I asked questions from the point of view of someone who has written and published seven books to-date.

So what is WEbook, really?
From what I understood so far, it is a collaborative tool for writing books. You can create a book project, invite anyone to co-author with you – including an open invitation to the entire WEBook community – invite feedback from others including the community, and then submit for consideration to be published by WEBook in either print-on-demand, e-books, audiobooks or all of the above. The community votes on a submitted manuscript (the American Idol portion of the site) through a 1-5 rating system.

The first published book from WEBook’s Alpha phase is titled Pandora, an international terrorism thriller composed by 17 writers.

Read the rest of this entry »

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