There are ways to add multiple streams of income to your life today. Michelle Norris describes 5 you can implement now.
Got a knack for gardening, physical fitness or building sales funnels? Leverage your own skills and expertise around any niche skill with your own course or membership group on social media. Be sure that whatever you create stands out. Do something no one else does.
“Getting set up involves an initial small investment, but it can quickly pay for itself as people begin to pay you to learn what you know,” says Norris. “Once the course/membership is created and online, you can earn passive income off of it forever. If ten people, for example, sign up for your $97 course every week, you’ll earn an extra $50k per year.
“To get started, create your own website with a blog or vlog. Utilize Facebook groups and other social media to build a following, directing people to your site,” notes Norris. “Websites are easy to build and many companies offer cool templates and support. We created monetized websites that teach people the skills we have: ours are nutrition, fitness, health and wellness.”From olive oil to cosmetics to travel, there are an endless array of companies that you can become an affiliate for.
“You’ll want to partner with and promote brands you truly trust and believe in. Remember, you’re creating value for your followers by providing them with vetted opportunities. As a bonus, you’ll receive income for very little effort. While these are usually one-off deals, they can pay long term passive income depending on the offer and the timing. To get started, come up with a list of products that you use every day and are passionate about.
No matter your current situation, you can build one or more of these income streams now. The sooner you start, the easier it will be for you to weather any future financial storms.
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