If you’ve read about the CASHFLOW Quadrant by world famous financial guru – Robert Kiyosaki, you will understand that everyone who wants to make money will fall into one of the following E,S,B, I quadrants.
The same will apply for a writer or for an entrepreneur dealing with writers.
When you take a closer look at the quadrant, you will get an idea where you stand and what you want to do with your business.
Writers in this quadrant are normally employed by someone else. They work in a 9-5 environment and their writing skills are mostly honed in-house by their company or by working on projects assigned by their company.
This type of writers, in my humble opinion is one of the lowest paid writers compared to the other three quadrants.
I’m not implying that these writers are poor because they could be earning a high salary with great benefits and a certain level of job security, but because there is limited vested interest in their writings and a non-scalable business model (trading time for money), you can earn a good income but not a great income.
However, if you want to monetize writing as an entrepreneur, then building a team of employed writers is one of the most cost effective (and lucrative) ways to build a writing force and get more bang for your buck! (See below for more information on entrepreneurship).
Examples of ‘E’ opportunities: Working full time at an Internet marketing company, contracted pay per post blogging (commit a number of blog posts a month to a blogger in exchange of a monthly salary)
Pros: Job security, steady income, good training, no need to tender for writing projects
Cons: No vested interest, non-scalable model, little time to left to monetize your writings, sometimes contracted solely to the employer (meaning the writer’s work is exclusively for the employer only).
