Create Multiple Income Streams – Utilize Marketing Strategies To Create Multiple Income Streams Make Mistakes And Forgive Yourself.
Be terrific while you aim to create multiple income streams and Grow. Keep going. Learn, wash, rinse and repeat until everything you need to do, and more is achieved. Pass the experiences along.
As more people realize that the alternative digital lifestyle involves a blend that ‘gives permission’ to people to create multiple income streams class barriers are drastically reducing.
To have multiple jobs and incomes streams helps to develop skills. Especially based around marketing strategies that are involved in passive income.
Take note of the shortlist for basic individual income streams that arise from multiple sources below.
1) Real estate Rental Income
2) Investment income…ie Dividends from stocks
3) Retirement Accounts resulting in income
4) Wages and Salaries. What used to be a steady income was earned income
5) Government assistance ie Social Security
6) Small Business income – from particular markets, products, customers, investments or even government grants.
All the above fall into three general types of income. Namely: earned, portfolio and passive [ in here is the non-passive income which I really do not understand.]
In this post, Susan Lewis quickly looks at Passive Income fits as you create multiple income streams. Then introduces these passive incomes streams into affiliate marketing.
Passive income in its Basic format is the income generated even when you are on long non-employment times/leave [Okay… or dead].
To get to this point, some forms of action need to be taken, developed, invested and continued.
Every passive income has cost someone hard work at some time. Decisions based on gut instinct or with full knowledge.
People who travel with their home now a house for rental. Or who have several rental properties all passively bringing in an income? Owning a property means skills, decisions, time and cash need to be invested.
Writing a book and the royalties from the books on selling. Again skills, decisions, time and cash.
The ability to photograph to such a standard the work is onsold through the net. One photo multiple small sales over time add up.
Shareholders who, after purchasing penny shares, find the income stream multiplying as these shares grow in worth. Once more skills, decisions, time and cash need to be invested.
When the aim is to obtain that passive income stream there is more than just skills, decisions, time and cash need to be invested.
What’s the missing factor? A vision, dream, and journey. These are only some of the stepping stones along the way. There the learning, The spacing out of the information. The joyful laughter that overpowers any negatives. Incredibly minimizing the frustration of simply learning… then not connecting moments to something that needs to be done.
An example is writing the posts you are reading. Halfway through the thought came in. Does this post fit within the topic of module two? After all, going through these modules and finding out all the new stuff is what the next one-hundred-and-eighty-four posts are all about. The answer is yes. Sure does connect. Within this module, there’s mention of income from multiple sources.
Here are a few facts about personal choice. Way back when Bitcoin was just under $9.00 per coin. For personal satisfaction, there was a minimum purchase amount of one-hundred that I wanted to have. The money in the bank was fifty dollars short. Thinking there would be time to go back and resave that money already banked got redirected.
By 2014 Jan 6th the purchase price cost $13.77. Some twenty years later…well to sell one Bitcoin is $5,823.64. I’ll leave you to do the maths.
What lessons did this teach? As this happened with several other things gradually the inner belief that I was not to have these things nawed away inside.
Yet there were other people who were teaching me things. The information was handy and disconnected from a perceived reality. Bluntly I’d cowardly adopted the “be like everyone around you” blend in approach.
This happened again when my mother was looking up another company I’d found. The difference was the last letter. By replacing the letter “I” with an “M” mum found a community in 2011. Then a friend who lives about 100 km phoned me up and wanted me to join. Actually, I was having too much fun chasing cents to listen, and believe, in dollars.
Several invites came my way over the years. Then one day five years ago yesterday another invite to the second company [ the “M” one] had come once again. [ Facebook memories helped]. May 2014 another one. This time that invite was taken up. Personally, I’d love to have said the rest is history… Well, it’s been a really interesting journey. One that started with the reformation of what the heck was marketing to do with anything!
But hey… that’s one that we can share when we catch up after you’ve finished the modules as well.
Tap the phone below for the resources. That journey for you starts now.