Cash Streams and Writing Income…

A Making A Living Mentorship…

Kris and I have been talking about this for a very long time and we are still not going to try it. At the moment, we haven’t figured out all the moving parts. But we are still messing with the idea.

One part that came up this week for the few who are taking the Making a Living with Novels class is cash streams. That class is more of an awareness class, not really that much of a hands-on how-to, which is why most of the time it is a classic workshop. The awareness is basically how far you need to go to make a living. And how the writing must be the basis of it all.

Most writers have four or five cash streams and no discoverability and they have ideas for four or five more they are going to get to any day now.  At last count, Kris and I had over thirty, might be more now. And exponential discoverability.

And most writers do not understand the idea of passive sales income vs active income. For example, putting a book for sale electronically on Amazon creates passive income. You don’t have to do anything. Doing a Kickstarter is active income, takes work for a time beyond the creation of the book. But it is great promotion for the book that then gives added passive income into the future.

Doing book ads on Facebook and the like is not an income stream, it is an expense of time and money in a vain attempt to increase passive income.

Licenses (as I have been talking about for a few posts) are great passive income streams.

So how we would train a writer on cash streams is one part of the entire picture of  the Making a Living Mentorship. So many more elements, but the topic of how to do it and put the twenty or thirty elements it takes to make a living together seems to be coming up more at lunch and while we are driving.

And cash streams and how to build them and manage them is just one element of the huge picture.

Kris and I like puzzles, figuring out how things all work together. This is a fun puzzle.