No Brainer Guide to Create Multiple Steams of Income

No Brainer Guide to Create Multiple Steams of Income

No Brainer Guide to Create Multiple Steams of Income

 

Welcome back Entrepreneur!

Let me ask you a few serious questions.

How many streams of income do you have, currently? How many different sources of revenue deposits in your account each month? Are you solely depending on one income to support yourself, your family and your dreams? Is that enough? Do you want more?

If you are relying on only one stream of income and find yourself consistently struggling to make ends meet or pinching pennies, it’s time to change! I want you to get creative and learn how to secure NEW DOLLARS monthly! It doesn’t matter if you own a business or work a 9 to 5. You should ALWAYS have more multiple streams of income! Actually, its imperative to your livelihood and sanity!

Want to know why you always hear about new business ventures from celebrities, business owners, and millionaires? They’ve all figured out (or their financial consultant has advised them) that relying one on stream of income isn’t practical or beneficial to creating a system of wealth! The real-life application for us small business owners is being able to pay our bills, invest in our dreams and STILL be able to enjoy life! It’s literally the difference from one income to multiple incomes!

As a small business expert, I always look for new ways to bring in more revenue not just for myself, but also for my family and friends! Here are some no brainer ways to create multiple streams of income for yourself and your family, too!

  1. Use OfferUp.

Remember that lamp you bought and never used? Remember those IKEA shelves you still haven’t put up? Time for some spring-cleaning of all those goodies you haven’t put to use! That’s money just lying around! Use the OfferUp app and let those items work for you!

  1. Sell your expertise.

We all are experts in something! If you think you’re not, find something you love to do and make yourself the expert! Establishing yourself as an expert in any field is the quickest way to gain trust, garner recognition and create a stream of revenue for your expertise! It’s 2016, the age of social media, and everyone has something they can package and offer!  Find what you’re good at and don’t sell yourself short one penny!

  1. Join a Network Marketing Group.

While this one isn’t my favorite, I’ve seen it be wildly successful! If you aren’t really interested in starting a business full time, this is a great way to get your feet wet in business and make some extra cash. Your best asset here is going to the people you already know! You can help them help you make you and them extra money! Network equals networth! Heard of Wakaya??

  1. BLOG, BLOG, BLOG.

Blogging is one of the ways I’ve increased my personal revenue. Did you know that brands and people will pay you for your thoughts?! You can write about anything that you love or that’s important to you. Gain a followership, and not only to get paid for your thoughts, but you can get paid ad dollars, too!

  1. Affiliate marketing.

Sell other people’s products for them!! This is really a no brainer.  If you have a website, newsletter, blog, social media, basically any type of digital footprint, you can sell or endorse products and items for other brands and make instant cash!

  1. Write a book.

It’s not as difficult as you thought to get published these days! Write a book about something you love or are passionate about. Heck, write a book about writing a book! Publish it online and sell it for $1 per chapter.  You think it’s silly and minimal, but if 100 people buy your $5 e-book per month, you’ve just created $500 extra in monthly RESIDUAL income! TRUST ME! This works!

 

Alright, we just took you from one income to seven in about 10 minutes or less! No worries. You can totally thank me after your first additional check hits the bank!

 

Happy entrepreneur-ing!

 

 

Tammira Lucas, MBA
Written by Tammira Lucas, MBA

The 2015 Small Business Innovator by Baltimore City Chamber of Commerce, Tammira Lucas is a Mompreneur who is quickly emerging as a trailblazer among professionals and a powerful voice for women teaching them Business, Balance and Babies. Tammira is the CEO The Business Dr. Consulting Firm, CO-Founder of Moms As Entrepreneurs, Author, Speaker, Philanthropist and Professor. Tammira has been featured on Forbes Top 10 Entrepreneurial Websites for Women, and 10 Best Career Sites for Women. The BOSS Network and Jet Magazine. As a mom, wife, and entrepreneur Tammira loves to help women/ moms jump hurdles to success while learning the art of balance, business and babies. Tammira has also been recognized by 92Q as one of 2014 Baltimore’s Top 30 Under 30 and Baltimore’s Fab list.

6 Comment responses

  1. Avatar
    April 13, 2016

    Great info! I’m always telling my family and friends about ways to create additional streams of income. That’s the only wayt to make it. Your gifts are your streams!

    Reply

  2. Avatar
    April 13, 2016

    Let me thank you now…. THANK YOU!!!!

    Reply

  3. Avatar
    April 13, 2016

    Awesome article! Exactly what I needed for this season ? Thanks Tammira!

    Reply

  4. Avatar
    April 14, 2016

    I like the first and last one the most… I guess I’ll get back to doing my ebook.

    Reply

  5. Avatar
    April 14, 2016

    That made a lot of sense. 2, 4, 5 & 6 have got me thinking so deeply. I need to run with those guides. Thank you.

    Reply

  6. Avatar
    April 17, 2016

    Thank you. The information makes sense and has unlimited potential.

    Reply


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