10 Streams of Income

Here I am going to outline 10 Streams of Income. As I have said on another page, I am a great believer in creating Multiple Streams of Income I hope this will give you some ideas to get your own streams flowing.

1. At the beginning have a job. You possibly have one at present – well keep it. This will pay the essential bills for you and your family. As you make progress in other areas you may wish to cut down the hours – become part time before eventually giving it up altogether.

2. If you work with clients make sure that you have several. If you depend on just one then you could be in trouble if that line of work is taken away for any reason. If you have a client based business you will have safety in numbers. You also need to be able to work this around your other interests. It is possible to have quite a high percentage of your 10 Streams of Income within this area depending upon the type of contracts you accept.

3. Create products. If you are good at making things you could produce stock during the times when you cannot leave home. Sell locally or on eBay.

4. Write a book. Of course, as we all know it is not easy to get a book published although you can self publish. The joy of having a book is that it can go on selling long after the work has been done.

5. Become a speaker. Be an expert and then get speaking engagements to tell others. There are many organisations who want speakers for evening or weekend meetings. This will fit well around other work. If you have a book on your subject you will be able to sell this after your talk.

6. Offer Coaching and Consulting. This can be very lucrative and also fit into time slots which are convenient to you.

7. Teach. Spread your knowledge and skills to help others while gaining not only a steady income over set periods of time but become the recognised expert in your field.

8. Direct Selling. Become a distributor for a direct selling company. Depending upon the type of product this can be a little sideline or full on business. Much depends on you. This can lead to a good residual income which, of course, would provide a good solid part of your 10 Streams of Income. There are many of these business opportunities which you can investigate. They usually have a Networking Marketing business system.

9. Party Plan. Become a Party Plan consultant. This is a form of direct selling. The customer approach is different. You can run this by setting up your own range of products or joining a company which specialises in Party Plan

10. Set up your own money making website. Here you can display your own knowledge on the web. Then you will be able to produce your own ebook for sale. Also market for affiliates and advertise for others. You do not need to be put off by any lack of technological understanding because this can all be taken care of for you. This could eventually provide several of your 10 Streams of Income. Take a look at what is on offer.

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