There was a time when I worked for the government as a civil engineer and I was
making $75,000 per year, but I was only bringing home
$41,000 after taxes, retirement, all that jazz. When I was an engineer, I
thought "Man, I just don't know how to make more money and produce another
stream of income." It was so confusing to me, and so eventually that led me to
think "Well, I need to leave my career and start an online business." But
that's beside the point, in this video I'm going to talk about ten
multiple streams of income where you could earn hundreds of dollars per day
or more, and so this video will give you the key ideas you need to generate more
than one income, but let me emphasize that you have to have at least one. So
with that being said, I guess my first point to you is to make sure you are at
least having your first job, right? If you don't have an online business, assuming
you don't, and so dominate that career, bring in as
much income as you can, and in this video I'm gonna go through ten ideas that you
can start after you have that steady income coming in with your job. So
I've made a video not too long ago called "My Income Streams Exposed," it goes
over the eight ways that I make income, so my eight multiple streams of income. I
will leave the link to that video up here and in the description below. So
let's go ahead and get started with idea number one for multiple streams of
income and that is a retreat or a workshop. I'm saying the same names
because those names are used interchangeably, but essentially what it
is is you have an expertise in something, let's say you're a yoga teacher, a
business person, that you can gather people to teach something, whether
it's personal development, really it could be in any category or niche that
you are good at and you gather people. It could be in a local location or it could
be abroad internationally, and so the advantage is if you host a retreat
internationally the costs are really inexpensive compared to an event
in the United States, for example, so when I was living in Guatemala I visited lake
Atitlán which is a lake outside of Guatemala City, maybe three or four hours,
and there was a group of Yogi's that were filthy rich and I'm like "Hey what do
you guys do?" and they said "Oh, we host yoga retreats annually" I'm like "Wow what
does that look like?" Their retreat was a 30 day yoga retreat, all-inclusive, like
meals, hotels paid for, and they taught yoga for 30 days. They took
their participants through an unforgettable experience and it sounded
really awesome and so they easily made multiple six figures with that 30 day
yoga retreat that they hosted at the lake, it's pretty phenomenal. So any type
of workshop or retreat idea you can think of, that is an awesome place to
start to generate another stream of income and the cool thing is this isn't
something you would do all the time, like on a weekly or daily basis, so you could
host maybe two of these a year, one of them, three of them, whatever your choice
is, and make a good profit from this retreat or workshop. Coming in at number
two for a multiple stream of income is an online job. So recently in this video
I talked about work from home jobs in 2020, and I give examples of websites
where you can get online work, and some of my favorite websites are called
Jobspresso, where you go on there, they have a bunch of remote jobs all over the world
and you can narrow it down by city, by region, wherever you are, by skill set, and
then there's another one that I love called
the muse, and what I love about the muse is that not only does it offer people
remote work online, but they also prepare you for your career. So they want you to
enjoy your career and that's why they offer different trainings and
preparational courses to get you ready for that career and for that job. But if
you are looking to make more of like a side hustle and quick dollar,
I recommend actually a phone application called Steady. Steady is an application, I
go through it, again, in that video I mentioned about the work from home, I go
over it, I download it, and go through how it works. You download the app, put in
your zip code, and all the jobs come up in your area. Some are work
from home, some are in person, it's really cool. But I love telling people to find a
job where you could work online from home because you have so much more
flexibility to spend more time at home, spend time with your family, to
save up money, to turn that online job into a business, the sky's the
limit with an online job. The number three idea for multiple streams of
income are side hustles, my favorite. Something I used to do a lot when I was
an engineer, and why I love side hustles, is because it's an easy way to make a
quick dollar, but you do have to hustle. That's why it's not the most favorable
and people are oftentimes too lazy to do it they're like "I don't want to do that."
I'm like "Well then you won't make any extra cash." So I'll also give like a
quick summary of a recent side hustle video I did, and one of my favorite side
hustles to start is a website called showaround, where no matter what city
you live in, anywhere in the world, you can get paid
to show people around your city, like how cool is that? You don't have to be an
expert, you don't have to know the history, you can take people around, show
them the best nightlife, the best restaurants, museums, whatever it is, tell
people about where to go and your recommendations. Another app you can
check out is handy, so you can download this on your iPhone or droid, and handy
is a cleaning application, so you would be a cleaner. So don't freak out, I get
frustrated because people are like "I don't wanna be a cleaner," but I would have totally been a cleaner
when I was still working the nine-to-five. Cleaning is actually
something I like to do so the idea with handy is that you find different jobs,
homes, or businesses, or other commercial residences, that need somebody to just
help, go in there and vacuum and clean, whatever cleaning situation they need
help with, they would hire you to do the job. And these actually start off pretty
good, like some jobs I've seen between twenty to thirty dollars per hour, so if
you're cleaning on the weekend, you can get in
good amount of hours and make a couple hundred bucks on a weekend
cleaning homes or businesses. And another site hustle you can get started with
right away is transcribing. Ao transcribing audio, podcasts, videos, and
you can hop on Rev.com, become a transcriber that same day. Alright, so the
next idea for multiple streams of income is digital products. Creating a course,
creating education online, the educational industry is, or the online
educational industry at that, is going to be a billion dollar per day industry by
2025 and you can jump in it, even if you have no following, no nothing, no
experience, it's really that easy. If you're thinking "What the heck is she
talking about?" If you create a course around something,
it could be anything, it doesn't have to be a profound course on
meditation, it could be really whatever you want, the simpler the better, and so
you can create this video course and you can include worksheets and all that
great stuff. There's three platforms where you could host this course, for example,
on teachable.com, you can host your digital course there, and if you're
thinking "Well, I'm not really an expert at anything," stop. Like it doesn't matter
if you think so or not, there's always something in your life that you've
overcome, challenges, things that you've accomplished, a story that you
can sell, that people will pay money for, and so you can create this course,
promote it on just something that you have, maybe you have a Facebook profile,
maybe you have an Instagram account, a LinkedIn, wherever you have some type of
traffic, start by putting the link there and over time increasing the traffic to
your course link. Don't underestimate this income stream because it is how
some people that I know in the online marketing world are making multiple six
figures per month. Yes, I said that. Per month with one digital course and so
this is a great way, good thing to think about, for an additional stream of income.
The next multiple stream of income idea is consulting. So consulting people on what
your expertise is. Now this is a little different business
than digital courses, obviously, because this can be one-on-one consulting, this
could be when I'm running group coaching, it's basically a business model where
you're helping take a person from point A to point B, where they want
to get. No matter if it's in nutrition, wealth, it doesn't matter the niche as
long as you're solving that person's problem and taking them on a
transformational journey and getting them to where they want to be. So you can
easily rearrange the bio in your Facebook, your Instagram, and, of course, if
you have a YouTube channel, you can make video content around the problem that
you solve for people, and then you can easily get your first few clients and
appointments and bookings when you promote and actually tell people what
you do, because, believe it or not, when you say exactly what you do, the more
people will come and the more people will be attracted to what it is you have
to offer. The next idea for a multiple stream of income is real estate notes. So
what exactly are real estate notes? Well, normally, when people say "Invest in real
estate," they say buy a property, a condo, a house, or you can buy a
property and flip it, but with real estate notes it's a little bit opposite,
because you are being the bank loan source for somebody who can't afford to
get a bank loan from the bank. So when a buyer does not get approved for a bank
loan, they're looking for a private investor to help them fund the house and
then they go ahead and pay that private investor. So that means that you would
be the private investor and lend somebody that money so that they can pay
you back with a higher mortgage rate, with a higher interest rate, and so
you're getting not only that stream of income, but that passive stream of income
and there's very low risk, hardly any risk at all, because if, for some reason,
they don't pay and they can't continue their payments, they are no longer going
to buy that house, but then you get the property, and so at the end of the day you
would end up with a house. So the next idea for an income stream is brand deals
and sponsorships. So they're kind of the same but a little bit different. With
brand deals it would be similar to something a company just recently did
with me where they reached out to me and said "Hey, Marissa
your audience is pretty similar to ours, they like travel, work from home, would
you promote our offer, and for every lead that you bring in we'll give you $10 per
lead." So anyone that signs up to their website or something like that, and so
the campaign isn't over but let's say I bring in forty leads, that's $400 that
they would pay me for me promoting this company, either on my Instagram or on my
youtube channel, and with sponsorships it's a little bit different because you
would long-term do a collaboration with a company. So they would sponsor you to
wear their gear, they would pay you in some instances, they would give you
whether it's meal plans or clothes or shoes or whatever their brand is, they
would give that to you in ample supply so that you can always promote
their company and their brand, and so that's more like a lifestyle type of
thing going on with sponsorships. Kind of like, when you think of a Nike sponsored
athlete, it's the same concept that we're talking about here with sponsorships and
so there's a creator on YouTube with a huge following, I think he has more
than one million subscribers, he goes by Lost Leblanc, he has a bunch of brand deals and
sponsorships. He basically travels for free, gets paid to travel, doesn't really
have to open his wallet for anything related to hotel or travel expenses
because he has this huge audience related to travel and so, yes, he has a
huge audience, but even if you have a micro influence or a smaller audience,
but it is a really specific niche that you're creating content for, companies
are still looking to do deals with you because that means your audience is more
targeted, more focused, and more likely to buy their offer.
Alright, so coming in at the next idea, I think we're at number eight, is a
membership site. So what is a membership site? Well you host a program online, it
could be on a Facebook group, it could be through a sales funnel build or whatever,
even teachable.com as I mentioned with the digital course creation, so pick a
platform to host a membership site. So you would take a group of people and
have a monthly subscription, and every single month you would teach
them how to do something or you would have training included on a
particular topic, so maybe you are a professional hairstylist and are really
successful, have a lot of salons, and you want to open a membership site about
just that, then you're teaching other hair salon or
stylists or even men or women going through beauty academy like how to build
a successful salon franchise. You can teach them how to do that and open up a
program or a membership site where they would pay a monthly fee, and this is a
great source of automated/residual income that comes in monthly and its
predictable and it's a great business model to get started with. It's virtually
free of cost and it's a great way to use your expertise to leverage and bring in
another stream of income. Alright, so the next idea for a multiple stream of
income are book royalties. Now book royalties are when you create a book, you
sell it on Amazon, and you get about 70%, I think it is, when people purchase that
book off of Amazon. So I knew a girl, she has a following now, but in the beginning
she didn't have any type of following so she wrote a book, created a book, hired a
team, a publisher, and an editor to help her complete and write the book, and when
she was done Amazon helped push the book and sell it
and so her editing team helped her with writing reviews and launching it and
eventually she was able to make like $10,000 on her book launch
within a matter of two months, I think it was, so now she doesn't make that
much every two months, but she's making, I think, $1,000 per month still
with her book royalties. She makes 70% and Amazon keeps the other 30%. By the way if
you are interested in building a huge income stream on YouTube, on the greenest
platform for passive income and all kinds of income, and building your online
business, I have a subscribers to sales blueprint you can check that out in the
description. It's a six step blueprint that walks you through how to create a
profitable online business using what you're watching right now, and that is
youtube. And so the next way to create another
stream of income is to invest, and so this is something I'm focused on heavily
this year because I've created my online business and I have the income now to
put my money somewhere else so it could grow bigger and on its own, I guess you
can say. But the key with investing that I've learned so far is that the rich
people pick one thing, they focus on one thing to invest with, I mean, if you think
of Donald Trump, no matter how much you can't stand him, he's a genius because
he's mastered commercial real estate. That's his jam, that's how he's created
his mega wealth. If you think about Warren Buffett, he's an expert with
dividend paying stocks, whether you want to look into oil and gas
investing, real estate investing, crowdfunding investing, gold and silver,
there's opportunity to learn how to do this from scratch and the mistake that
people make with investing is thinking that they need all this diversity,
a diverse portfolio of investment, which is not the case because I've done
a lot of research on how the wealthy invest, and they don't have
their money everywhere where, they don't have control, and so this is why,
for example, with the stock market, people invest a lot in it, but a lot of wealthy
people don't even like the stock market because you can't control what the stocks
do. There's a risk factor where, no matter how good you are at investing and
all of that, it's still a risk so the point is, definitely, when you get a sum
of money that you're comfortable with investing and when you have the
education to invest your money and focus on one of these investment strategies,
definitely do it. And so I'll keep you guys updated with my investing journey
as I continue to learn, what I want to invest in and focus on that one thing so
if you're enjoying this video I guarantee you're going to like this
video right here where I talk about eight websites where you can make $100
per day or more and that video starts right now. $100 per day, so you can
have your notifications looking like this,
so making $100 a day.