If you are good at writing, you can make a living out of it. But you also have to be good at business and marketing. If you are only good at writing, you will end up publishing books and will end up “trying” to market it via social media, blogging & events.
When you publish a book through the traditional publishing channel, you will not make much money to support yourself even if you hit 10,000 sales. I don’t want to get into the economics of book sales. And you don’t want to know it. The royalty income that authors make are so low that if I told you how much they exactly earn, you would look down upon them!
Ok, since you are good at writing, you may think that starting a blog, writing a lot and getting some revenue through display advertising will help you pay the bills. If you think so, you will be wrong again. Since the barrier of entry is so low, everyone is trying to start a blog on a topic they like, get some traffic and earn revenue via display advertising. High supply, low demand. You will be a poor blogger living in a hut with a laptop and 4 mbps internet connection
I am not saying content marketing will not work. Content marketing will work for the right reasons. For example in DigitalDeepak.com I do content marketing to expand my professional network and get more job and consultancy offers. Here I blog just to organize my thoughts. Content marketing no longer works if you are trying to sell display advertising.