2020 has been the year craziness for many of us and with that chaos comes uncertainty. One thing for sure, it's also been the year when many of us have been forced to think outside of the box when it comes to sustaining our way of life. We are seeing the highest unemployment rates we've ever seen as a country and many households are feeling the impact finically. Years ago I read an article in Forbes magazine where a billionaire said that he has 7 streams of income and ever since then I've been adding ways to increase my annual income. Here are a couple of ways you can too.
Affiliate Marketing: Do you ever purchase a product and love it so much that you tell all of your family and friends about it? If so and your not getting paid for it, you're doing it wrong! Today there are so many platforms that allow you to share your love for brands and products with your network while making money. If your thinking about affiliate marketing go for it!
Career Coaching: What's your level of expertise in a certain area? Could you use your experience, skill set and industry knowledge to coach someone to success? If so, this is perfect for you. I'd found much success working with personal coaches when it came to blogging and creating my social media presence. No matter what industry there is always someone who is looking for help. Capitalize off of your insights and expertise, start coaching.
Write an E-book: This can go along with coaching and allows you to reach more people at once. Plus E-books are the new thing! Get your creative juices flowing and write that e-book today.
Multilevel Marketing Company: Shameless PLUG there is no secret that I joined a MLM last year. First I was skeptical of the company but after asking a million questions and diving right in I soon learned that IT WORKS! (pun intended) Many people think MLMs pyramid schemes and that only the people at the top of the company make money. Well I'm here to tell you that's NOT true. This company has given me the opportunity to bring an additional income for our family all while on social media. If you're curious of my side hustle let me know, I'd love to chat and answer any questions you may have. I'm always looking to expand my team.
All in all there are many ways to bring in additional income in this day and age. We’re blessed with the internet and can offer products or services to a wide audience. Don’t be afraid to branch out and try something new. You may just find your next streme of income and be on your way to billionaire status!