A great point Natalie brings out in her video “3 Main Ways to Make Money Online” is that a location independent entrepreneur should have several sources of revenue. Today’s prompt is:
What are the key ways in which you want to make money online in your chosen business OR Which are the key online revenue streams you want to focus on in your existing business?
This video was a great eye opener for me. As a freelancer most of my work is actionable, which means I have to be hands on and completely focused on a project for the 3-4 hours I freelance every day. Now this does not exactly provide me with the means to hit the road, travel to exotic locations and not have to worry about streams of income going up or down. However as a past musician and current author I completely understand the benefits of royalties.
I remember the months spent songwriting and jamming with the band, pulling together the perfect combination of music and lyrics. Once recorded we were able to sit back, slap hi-fives and begin the process of marketing and promotion. Even now years later I still hear from old fans reminiscing about the days of the band. Will be the band ever get back together? Who knows, but the album is still for sale and can be downloaded via any digital distribution source which is a plus.
Book publishing works the same way and ideally I would like to complete my five novel fantasy series. They will most likely be published under a pen name which will include initials, since those kinds of authors tend to do well. I mean look at J.R.R. Tolkien, C.S. Lewis, J.K. Rowling and George R.R. Martin. Sign me up!
I love being hands on, I enjoy working with clients and spending time putting together a strategic plan for a project. I love social media and networking, meeting other like-minded individuals and having the opportunity to inspire and encourage. I’m all about that! The key revenue streams I would like to focus on are:
- Find a way to have a constant stream of income while doing all the hard work up front and reaping the benefits later.
- Work hands on with clients whether it’s social media marketing, training, coaching or freelance writing.
What are the top ways you’d like to see revenue come in?