Four Ways To Create Multiple Streams Of Income 

Written by on October 5, 2017

 

 

Four Ways To Create Multiple Streams Of Income 

By: Turjemia Flowers

@prettykurvydiva

It’s worthwhile to create multiple streams of income for your household. It’s safe to say that you should have at least three streams of income. Let’s face it, the cost of living is quite expensive nowadays. According to a recent survey, over eighty percent of Americans are potentially living from paycheck to paycheck. The rise and fall of the economy have now affected plenty because there are common expenses such as; mortgage loans, utility bills, and daycare cost. Many are also dealing with credit card debt. With all of these scenarios taking place, it’s almost impossible to make ends meet with only one stream of income. On the brighter side of things, there are a few ways to increase your cash flow. Here’s a list of business ideas you may want to consider:

1. Sell E-Books.

If you’re a self-published author, it’s several ways to succeed with your digital ebook sales. You may want to distribute your ebook on promotional sites such as; Amazon, Lulu, Google Play, ITunes, Shopify, etc. By doing this, you are making your product more accessible to readers to buy.

 

2. Start an Online Boutique.

You don’t need a brick and mortar store to start an online clothing business. Dropshipping is one of the easiest ways to start an online clothing store without any worries of having to keep up with an inventory. Build revenue with your sales by creating a store on websites such as; Shopify, Big Cartel, or Store Envy.com.

 

3. Sell Your Own Handmade Crafts.

Etsy is probably the best place for artists and/or crafty people. It’s a great marketplace if you’re into making your own jewelry, scented candles, gift baskets, etc. Build your online store, take nice pictures of your items with a good quality camera, and sell to buyers.

 

4. Start a T-Shirt Business.

Invest in yourself by building a t-shirt brand for your liking. If you’re really good at creating catchy phrases, or if you’re already a business owner, it would be beneficial to sell t-shirts with your logo/name on it. By doing this, it is a great way to promote your business. Custom t-shirts are a great way to make profit.

 

By considering these ideas, it will assist you with building revenue by increasing your income to create a profitable cash flow.


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