Passive Income

I am absolutely loving eHow right now. For those of you who do not know, eHow is a website in which members can publish “How to” articles. The interface is really easy to use and you can create a new article in about five minutes. Once you submit your article, eHow shares the revenue generated from your article.

Many people question why I would publish an article on someone else’s website, where I have NO control over how my article is used and I only receive part of the revenue that is generated from my work. If I could generate the kind of traffic that eHow does, I would agree with you completely. eHow, however, has a page rank of 6 and receives millions of visitors each month. I think I receive around 100 visitors a day here. The basic math simplifies the equation a bit.

As my goal is to become debt free, I plan on implementing a three-headed attack; eHow, Bukisa, and this personal finance blog.

I have been writing for eHow for almost 3 months. During the first month I earned $4.50. In October I earned $18. So far in November I am on pace to make $25. To be honest with you, I have not published as many articles as I could have because I wanted to make sure that I would actually get paid. I am now comfortable that eHow will pay me. As such, I am going to step up my article writing efforts. The goal is to write one article a day for the rest of November and December.

Bukisa is a new site, similar to eHow, that I joined a few days ago. I have only published one article so far but plan on publishing at least 3 articles a week. This site is unique in that you can earn money from the revenue generated from your articles AND a portion of the revenue generated from your network’s articles. If I want to become debt free, I feel that this kind of writing will be well worth the effort.

Finally, I plan on creating a meaning personal finance post on this blog at least 5 times per week. I have so many good ideas, but unfortunately, I have been extremely busy at work over the past 6 months. I am going to make my debt free journey a priority. So expect a more active posting schedule.

What do you think? Do you know of any other places where I can earn some passive income from writing articles? Have you tried eHow or Bukisa? How much are you making each month?

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