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Making Passive Income as a Writer
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[QUOTE="Lemming, post: 337979, member: 106800"] Writing and publishing a book or even many books does not mean that you automatically create a passive income. In my opinion, it is necessary to first establish whether it is a passive income, but above all how much it should be worth. Let's take a small example. Imagine writing a novel and selling it online in digital format for 2 Euros (or 2 Dollars, or...). The digital format allows us to earn more in the form of royalties. Let's assume to earn 1 € (1 $ or whatever you want) for each sold copy. We need to sell 50 copies of the novel each month to build a passive income of 50 €. It is 600 copies in a year. It means there must be at least 600 people who are not only interested in my novel but also have been convicted of spending 2 € to buy it. [/QUOTE]
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