My 10 Streams of Income ( How To Create Multiple Income Sources Online )
Hello everyone! I’m thrilled to share with you today my personal journey in diversifying income streams, a path that has allowed me to travel the world, invest in exciting projects, and even buy a house in today’s economy. It’s been a journey of building and growth, and I believe anyone can replicate this success to create their own financial freedom.
1. Leaving My Full-Time Job as an Amazon Recruiter
For years, my main income stream was my full-time job as a design recruiter at Amazon. Here, I was involved in recruiting talent for designing apps for products like Alexa, Echo Frame, and various Amazon devices. This role was transformative, helping me achieve my personal and financial goals. However, in pursuit of my passion for content creation and coaching, I recently decided to leave this job and focus on my YouTube channel and side businesses full-time.
2. Career Coaching: Leveraging Professional Experience
Capitalizing on my experience and personal brand developed at Amazon, I launched a career coaching practice. This venture focuses on assisting design talent with resumes, portfolio reviews, and interview skills, particularly for landing jobs at Fortune 500 companies. Remarkably, this side hustle, which initially brought in only a few hundred dollars a month, has now grown into my second largest income stream.
3. Additional Income through Third-Party Consulting
Apart from my private coaching practice, I also engage in career coaching through a third-party company, specifically at a career bootcamp. While this doesn’t earn as much as my private practice, it requires minimal business development effort, offering flexibility and a consistent income stream.
4. YouTube AdSense: A Dream Turned Reality
Another significant income source for me is YouTube AdSense. Despite its reputation as a lower-earning stream for many content creators, it has been substantial for me, especially since I haven’t ventured heavily into brand deals yet. YouTube has been a platform where I’ve seen considerable growth, both in subscriber numbers and revenue.
5. Brand Deals: A Growing Opportunity
Speaking of brand deals, this is a stream that has recently picked up pace for me. Collaborating with companies across various industries like software, investing, apparel, and education has been a rewarding experience. For aspiring content creators, I believe that even with a smaller subscriber base, it’s possible to secure lucrative brand deals.
I recently launched a mini course covering How To Get Brand Deals as A Small Creator which you can find on Udemy using this link.
6. Affiliate Marketing: A Passive Income Avenue
Affiliate marketing is another area I’m keen to develop. While it’s more effective with a larger audience, I consistently include affiliate links in my videos and websites. This stream has the potential to be a significant passive income source.
7. User Generated Content (UGC) Creation
Creating UGC for brands is yet another income avenue. Even without a massive following, if you have good editing skills or a knack for creating engaging content, UGC can be a lucrative field.
8. Investing and Dividend Income
Investing in the stock market and real estate investment trusts (REITs) forms a crucial part of my income portfolio. My favorite platforms so far have been Fundrise and Elevate Money. This approach, while traditional, is effective in making your money work for you, providing consistent dividends and long-term growth.
If you want to get $50 on Fundrise, make sure to use my referral link.
9. Savings Account Interest: Benefiting from High Rates
Lastly, the interest from my savings account has become a noteworthy income stream, especially with the current high-interest rates. It’s a reminder of the importance of having liquid cash for emergencies or quick access.
Conclusion: Building Your Own Path
I hope sharing these diverse income streams doesn’t come off as boasting but rather as an inspiration. The goal of my channel and this blog is to demonstrate how you can create multiple income streams through side hustles, investing, and entrepreneurship. Remember, it’s about finding what works for you and leveraging your unique skills and opportunities.
Stay tuned for more content on side hustles, investing, and productivity. Don’t forget to subscribe for weekly updates and share this journey with me. Let’s embrace financial freedom together!
