For individuals who want to earn extra income online without investing a huge amount of time, writing is an excellent way to do just that. In fact, most websites allow writers to contribute as little or as much as they want, so this is perfect for a side income stream. With a plethora of writing opportunities available for both residual earnings and upfront payments, there are plenty of options available.
When getting started, it's typically best to sign up with a company that offers residual earnings. This is because these companies often cater to individuals with limited experience and don't require extensive screening to be hired. In many cases, a company will require a person to submit a short writing sample or answer a few questions regarding spelling, grammar, etc. Some notable companies include Infobarrel, Suite 101 and Hubpages.
Once a writer is on board, he can write articles that cover pretty much any type of content he wants. This is beneficial because a person can focus on areas he is knowledgeable and passionate about. In terms of payment, earnings are accumulated as follows. For each article published, the company will place relevant ads on the article. Each time a reader clicks on an ad, the company and writer will split the revenue.
The exact percentage earned by a writer will differ from website to website, but is usually around 75%. As a writer completes more articles, he can expect his earnings to grow accordingly. In time, a writer can amass a decent income stream even if he stops writing new articles. As a result, this is an excellent way to earn extra income that is completely residual. The only drawback is that it usually takes multiple articles and several months to see significant earnings.
For people who have a bit more experience or who simply want to make money right away, writing for upfront payments is a great option. Basically, this business model consists of writing directly for clients or for third party companies that act as a middleman between writers and clients. Typically, it works by a client submitting an assignment with a suggested title and type of content. For example, a client might need an promotional article for a business website.
The writer will then perform any necessary research and write the article. After he has completed it, the writer will receive a predetermined amount of money once it has been accepted. While he won't usually receive any residual earnings this way, he can earn significantly more income right away and is in more control of how much he earns. In addition, he can build relationships with clients for future writing assignments and more money. Some companies that hire writers include Demand Media Studios and Writer Access.