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The Ten Income Streams That Contribute To My ‘Freelance Writing’ Business

It’s not just about the writing. Sometimes it’s not even about the writing.

Karen Banes
The Writing Cooperative
6 min readJun 27, 2019

The key to success in the gig economy is still under dispute. Some people think it’s specialisation, which is basically the art of doing one thing exceptionally well. If you’re the best in the world at something, you’ll always get paid for doing that thing. The flaw in that thinking is obvious. Only one of us can be the best in the world at any given thing, and I don’t know about you, but I’ve never been a ‘best in world’ kind of person.

I am, however a working freelance writer, and I’ve learned to diversify. My income streams are varied, my eggs are in different baskets, my freelance career, is, if not bullet-proof, less risky than many. That’s because I subscribe to the idea of multiple income streams. Here’s what they are.

Freelance writing

I consider myself to be truly freelance writing when I pitch to a publication, website or magazine and have my work accepted and paid for. My freelance work has appeared in places like The Washington Post, The New Zealand Herald, and Life Info Magazine. Writing, pitching and submitting articles for publication is generally considered to be the most important activity in…

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Published in The Writing Cooperative

Medium’s largest collection of advice, support, and encouragement for writers. We help you become the best writer possible.

Written by Karen Banes

Freelance writer sharing thoughts on life, society, creativity, and productivity. https://changetheworldwithwords.substack.com

Responses (51)

What are your thoughts?

Karen, this makes so much sense. I understand exactly what you mean — and I can almost see the wheels turning in your brain as you wrote. This is a fantastic piece. Thank you for sharing it.
Those who have experienced what you’re saying can…

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Wow I can’t even thank you enough for this. I’m a television writer looking to create new revenue streams but I had NO idea how start. Most people wouldn’t be so generous to share their sources. Thank you!

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What an excellent article. I decided that claps weren’t enough, so I bought your book too. I’m sure it will pay for itself!

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