I've talked about finding ways to create a residual income here before, but now I'm actually taking steps to do it. There are lots of writers out there making money from more than their client projects. Some writers write books and receive royalties; others write ebooks and reports, create and monetize niche websites and blogs.
Building "passive" income
This income is anything but passive considering the time and energy that needs to go into creating the final product. The fact that it can continue to make money long after you've created it is the lovely thing about it. This combines well with everyday client projects.
Write for yourself
Some writers say their "passive" income has grown so much that they have the luxury of scaling back on client projects. They can spend the majority of their time writing for themselves. Beautiful.
Have you made any effort to create a passive income with your own projects, or is it something you've ever considered?