avatarElizabeth Loberg

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Abstract

you re-create the wheel by any means.</p><h2 id="f6fb">Additional Income Streams for New Entrepreneurs:</h2><p id="d567"><i>Anything you create, make sure it’s packed with a lot of value. You’d rather have people saying, “WOW, I got a lot for only paying $XX” instead of, “I didn’t really get much out of paying for XYZ’s product.”</i></p><ul><li><b>Creating a course.</b></li></ul><p id="efd9">You could do this on Skillshare or Udemy. This is a great source of passive income, although it takes time to create a course to make sure it’s high quality and packed with lots of good information, once it’s done it’ll be so worth it! To start, you could create a mini-course instead of a full-fledged main package course to dip your toes into the world of course creation.</p><ul><li><b>Create an ebook or templates.</b></li></ul><p id="5b72">Not a fan of creating courses? That’s totally fine. Creating an ebook or templates is another option. Depending on your interests and what your target client needs will help you determine what to create an ebook or template package about. A couple of ideas for what this could be is something like a template package for emails for a welcome sequence or an ebook on defining your target audience.</p><ul><li><b>Affiliate Marketing.</b></li></ul><p id="bd51">This is where you promote a product on your blog or social media profile

Options

s with a link attached for the viewer to buy the product if they’re interested. When someone buys a product from an affiliate link the person promoting it will earn a percentage of the sale. Therefore being a fruitful way to earn some extra income once it’s built up.</p><ul><li><b>Sell social media templates.</b></li></ul><p id="52ca">There are so many people out there who don’t want to spend the time creating social media graphics and would love to just have a template to plug pictures into and go. Often times if you enjoy making social media templates this can be a super quick task to do. Then make the marketing mockups, post it for sale, the schedule some marketing posts to go out to various social media platforms such as Instagram or Pinterest.</p><p id="327e">Those are just a few ideas that I have for new entrepreneurs and I would be happy to share more if anyone is interested. My goal in writing this today was to share just a few additional income streams that would be good for a new entrepreneur to start without too much stress.</p><h1 id="a12e">Say thanks!</h1><p id="c85b">If you found this article helpful then:</p><ul><li>Give it a clap</li><li>Respond with what stood out the most</li><li>Follow me for content that matters</li><li>Follow me on Instagram <a href="http://www.instagram.com/elizabethloberg">here</a>.</li></ul></article></body>

Income Streams for New Entrepreneurs.

A list of attainable incomes streams that may be a good fit for you as a new entrepreneur.

Photo credit: Alexander Mils on Unsplash.

As I sit here, drinking my tea before bed tonight, I am reflecting on the new year and what I wish I would have known in my first year being full-time in my business. Being your own boss is a wonderful gift, but a stressful one. Especially when the dreaded “slow season” is upon us.

One thing I wish I would have learned and implemented sooner was to have more than one income stream before I quit my 9–5. But this is just my opinion.

As a creative entrepreneur, you will learn that there is a slow season and if you aren’t prepared for the slow season, it can truly be a make-or-break situation financially if you aren’t prepared for it. Now I know as a new entrepreneur the thought of having more than one income stream could make you a bit anxious because of it being one more thing to manage. Rest assured, none of my recommendations today are making you re-create the wheel by any means.

Additional Income Streams for New Entrepreneurs:

Anything you create, make sure it’s packed with a lot of value. You’d rather have people saying, “WOW, I got a lot for only paying $XX” instead of, “I didn’t really get much out of paying for XYZ’s product.”

  • Creating a course.

You could do this on Skillshare or Udemy. This is a great source of passive income, although it takes time to create a course to make sure it’s high quality and packed with lots of good information, once it’s done it’ll be so worth it! To start, you could create a mini-course instead of a full-fledged main package course to dip your toes into the world of course creation.

  • Create an ebook or templates.

Not a fan of creating courses? That’s totally fine. Creating an ebook or templates is another option. Depending on your interests and what your target client needs will help you determine what to create an ebook or template package about. A couple of ideas for what this could be is something like a template package for emails for a welcome sequence or an ebook on defining your target audience.

  • Affiliate Marketing.

This is where you promote a product on your blog or social media profiles with a link attached for the viewer to buy the product if they’re interested. When someone buys a product from an affiliate link the person promoting it will earn a percentage of the sale. Therefore being a fruitful way to earn some extra income once it’s built up.

  • Sell social media templates.

There are so many people out there who don’t want to spend the time creating social media graphics and would love to just have a template to plug pictures into and go. Often times if you enjoy making social media templates this can be a super quick task to do. Then make the marketing mockups, post it for sale, the schedule some marketing posts to go out to various social media platforms such as Instagram or Pinterest.

Those are just a few ideas that I have for new entrepreneurs and I would be happy to share more if anyone is interested. My goal in writing this today was to share just a few additional income streams that would be good for a new entrepreneur to start without too much stress.

Say thanks!

If you found this article helpful then:

  • Give it a clap
  • Respond with what stood out the most
  • Follow me for content that matters
  • Follow me on Instagram here.
Entrepreneurship
Income
Business
Startup
Strategy
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