- One of the questions I constantly get
is how do you make your money
and today, you're gonna get the real answer.
Hey, everybody, this is Roberto Blake
helping you create something awesome today.
For those of you who are new to the channel,
I'm a creative entrepreneur helping you on your journey
to not being a starving artist.
So I talk about topics here
that can help you build your skills,
start an online business or build your personal brand.
So if that's the kinda thing that you're into,
you'll wanna subscribe, hit Notifications
and check out the other content here on the channel
and become part of the Create Awesome community.
Today's video was requested by, well, you.
I actually love to be involved with my community
and you guys have constantly had questions
about ways you can rake multiple streams of income.
Developing multiple streams of income,
diversifying your revenue is extraordinarily important
for your financial future and your financial freedom
and so today I'm gonna talk to you about nine ways
that I make multiple streams of income
and how I make my money.
Let's get the fairly obvious one out of the way.
YouTube ad revenue.
YouTube ad revenue is number one.
Is it my number one priority?
No, it doesn't make nearly enough money
for me to make it my number one priority.
It makes enough to where I guess you could have
a comfortable lifestyle
comparable to a general corporate salary,
about roughly the median average in the United States.
So with that said, a couple thousand dollars a month
from YouTube ad revenue alone is nice
and it is passive income but it's passive income
that was built on years of hard work.
So I don't know that that is the most practical
thing in the world for you guys to even start with
if you need to change your life or your financial future.
Many of the other streams of income I'm gonna talk about
probably are a better approach for you
so you'll wanna check these out.
Number two is public speaking.
I'm a public speaker and I charge money for that
and you can find other ways
to actually make this very lucrative.
If you already have products or services,
you get opportunities while you're at these events
to network with people who've paid for a ticket
and can actually afford to work with you
or to buy your products.
So I do public speaking and that is paid
and that actually can pay very well
if you develop it over time
and public speaking is something you can start
at the local level.
I have other videos on public speaking
if you wanna check those out.
Number three is private workshops.
Sometimes at speaking engagements,
you can actually partner with the event and do a workshop.
You could charge for that and split the money
with the event or the venue
or they might pay you upfront for it
or you might be able to work out some other arrangement.
You might even be able to do some workshops of your own
and charge people to attend.
You can just hook up with a local venue.
This is something that entrepreneur Lewis Howes did
back in the early days
and I think it worked out really well for him
to do his own events.
So workshops is something that I've been doing
a little bit more of especially now here in Atlanta.
I'm actually planning more of these
and I think a lot of you could make decent money
if you have a skill and you can offer a practical training
on anything whether it's a social media platform,
a piece of software or something more technical in nature.
I think that you could benefit from that.
Number four is affiliate marketing.
The easy answer to affiliate marketing is Amazon
but there are other opportunities.
By working directly with brands
that have their own affiliate program,
you can make great commissions.
Amazon is like two to 4%, right,
but with other things, you can get 10 or 30
or 50% commissions
and so I focus on the highest paying affiliate programs
that I could find that either offer flat rates
or high percentages.
Some affiliate programs pay anywhere from 10
to $100 on flat rates for every single sale.
So even if you don't have a big audience,
it's just about having enough actual conversions.
So affiliate marketing is something
I feel many of you can jump into with a blog,
with your social media, your Instagram or even a podcast.
Podcasts do very well with affiliate marketing
and I would encourage you more to pursue that
as far as if you're looking for passive income.
I think you'd make more money doing that
than worrying about YouTube ad revenue
to be very honest with you.
Number five is online courses.
I built awesomecreatoracademy.com
knowing that I wanted to offer a multitude of services
and that I wanted to build another brand
and another business to kind of consolidate
some other things I was offering in different places.
You can do online courses without hosting your own platform
but if you wanna host your own platform,
I have some links and I think there are a couple of these
that have discount codes in the description below
for Kajabi which I currently use,
Thinkific which I'm planning something for,
Teachable which I'm also planning something for.
These are great platforms
but if you can't afford to invest in a self-hosted platform
then I would say check out Skillshare and Udemy.
You'll make less money there
but it is a way to get your feet wet
in offering online courses
and you could build up your brand this way.
So I would definitely check that out.
Number six.
Number six is also part of awesomecreatoracademy.com
and that is to offer some type of subscription service
or membership.
If you're a fitness entrepreneur, this one is gold for you
but also if you're a social media or platform expert,
this could be great for you as well.
As long as you feel you have something to offer
in terms of a membership,
you've built up some type of community or email list
then you could pursue this.
With memberships, you get recurring revenue.
It's not passive income like affiliate marketing
or selling digital products like courses
but what it does allow you to do
is to have a dedicated audience
that is paying for something specific.
They're not donating to you like they would with Patreon
which is what a lot of people want
but if you have something very specific
that you offer in terms of a membership,
that's a lot better because you're quantifying
what they're paying for every month.
In my case with the membership program
for Awesome Creator Academy,
it's not only exclusive content, it's exclusive access.
It's being part of a very powerful networking group.
We have over 100 entrepreneurs in that group.
We have a very focused message
around marketing and monetizing
and then there's the motivational component
of having that built-in support.
We also do monthly mastermind calls.
We do other live training events and group calls.
So that's how I structured my membership group.
You'll have to figure out what you're offering in yours.
I've done a video about membership groups
and how to start one and what the charge and how to host it
and I really would encourage you to check that out
if you feel like this is something you wanna try
and like I said, if you're a fitness entrepreneur,
get on this.
It is going to be very lucrative.
If you wanna join my membership program,
you can join the Awesome Creator Academy Membership Group.
It is a mentoring program that you can get to
with the link up here and that has all the details for you.
Number seven is sponsored content.
For this one, you obviously have to build up an audience
and you have to be able to pitch yourself
effectively to brands or at least attract brands to you.
Sponsored content could be a number of things.
I actually have sponsors
for some of my public speaking events
and that helps when conferences don't pay me money.
This is also something that can make me profitable
even if I am being paid by a conference
as long as they allow you to do sponsored content
and it's all disclosed.
So sponsors can be great even if you're not a YouTuber
or you don't have a big audience there.
Sponsors I think are also easier to acquire
for things like podcast
and you can even do sponsored content
with regard to blog post
and sponsored content in your email list.
There's more than one way to approach sponsored content.
I think a lot of people are getting stuck
on the idea of how it's done in the YouTuber world
and they're not even exploring
that there's a different approach to it
for things like Instagram, public speaking, email lists.
I think that you could go a lot deeper
and I would encourage you to really think harder about it.
Number eight is one on one coaching.
One on one coaching
is something that I've been doing for a while.
In fact, when these mobile platforms for live streaming
first started getting rolling a couple of years ago,
I was on them almost every single day
in both Periscope and Facebook Live
to do live Q and As that could get people to go from that,
DM me for one on one coaching
and I made of tens of thousands of dollars doing that.
Now, I have built out awesomecreatoracademy.com,
I've started running a few ads,
I've started doing some other things
and I worked my email list
and so now I get one on one coaching clients from that,
I get one on one coaching clients
when I go to speaking engagements
and you're starting to see a common thread here.
All the ways that I make multiple streams of income,
all the ways that I make passive income and active income
and recurring revenue and one time revenue,
they overlap, they all overlap.
There's affiliate marketing that I include in my courses.
There are things with regard to my speaking engagements
that can get me sponsors.
There are ways that I could even incorporate
sponsored content into a course and so there's so many ways
to not only build multiple revenue streams
but to interconnect them in ways that make sense.
Often, through my one on one coaching,
it actually helps with affiliate marketing
because when I do that,
when I recommend something that I'm already using,
someone coaching with me wants to use the same materials,
the same systems, the same services that I'm using.
So that's a great opportunity
and often, a lot of people who do one on one coaching
with me go on to buy other products
or to join my membership program.
So if you have a skill or you have an expertise
or if you have mastered a platform,
even if you don't specifically do coaching now,
let's say you're an entertainer
that uses Instagram or Snapchat,
if you're successful, you can train and teach on it
and you could build a whole other business.
You could build a coaching business.
You could build a course.
You could do so many things.
So I would consider this
if you feel that you have the temperament
to teach other people.
Just like public speaking overlaps with workshops,
coaching and consulting overlap.
The difference is individual clients
versus corporate clients
and there are some other differences
because corporate clients have different demands.
No matter what you're doing,
it's about what the value of the offering is
and how clearly you communicate it
to the people who are buying.
So when you decide that you're going to do
any of these things,
just make sure that you're making it
as specific as possible.
If you're gonna do coaching or consulting,
you have to build out packages and you have to understand
what the difference between your packages are
in your ecosystem.
So now you guys know how I make my money.
You know how I make multiple streams of income.
This was a video you guys requested
and I'm happy to deliver it for you.
If one of these ideas for making money
really resonated with you,
I wanna know in the comment section.
I'd like you to tell me which ones
you want me to do individual followup videos on
and I'll try and make more of those for you.
Question of the day.
Are you making multiple income streams right now
and if not, are you going to
now that you've seen this video?
I'd love to know in the comments.
Like this video if you like it.
Don't forget to subscribe.
Check out the other awesome stuff here on the channel.
Don't forget to share this video with somebody
you think wants to build more financial freedom
for themselves.
As always, you guys, thanks so much for watching
and don't forget, create something awesome today.
Take care.