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Making Money Series is a collection of online classes and ebooks that teaches entrepreneurs how to create a profitable business by connecting with key players, promoting to attract and maintain customers and becoming a master in your field.

Select one or all of these classes/ebooks to advance your career!

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The fashion industry can be hard to navigate in the best of times. But you don’t have to do it alone.

MAKING MONEY COLLECTIVE

The fashion industry can be hard to navigate in the best of times. But you don’t have to do it alone.

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Wonder how some new businesses and brands take off right from the start?  Although a good quality product and service will go a long way, the secret is about connecting with the right people early in your entrepreneurship. From networking with the "right sponsors" to collaborating with the "right colleagues," it IS about who you know.  This class delves into building meaningful business relationships and how to make power deals with the "right" key players in your industry.

Wonder how some new businesses and brands take off right from the start?  Although a good quality product and service will go a long way, the secret is about connecting with the right people early in your entrepreneurship. From networking with the "right sponsors" to collaborating with the "right colleagues," it IS about who you know.  This class delves into building meaningful business relationships and how to make power deals with the "right" key players in your industry.

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CREATING PASSIVE INCOME WITHIN YOUR BRAND

CREATING PASSIVE INCOME WITHIN YOUR BRAND

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All of this happened
because:
I took ownership of my life.
I went ALL in on my
dreams. And I
refused to settle.

MAKING THE RIGHT CONNECTIONS

BE A MASTER OF YOUR NICHE

In this era of digital savvy influencers, this newfound way of connecting with people is perfect for promoting and sharing your knowledge on interested areas. Now you can join them in a few simple steps to gaining the consumer's confidence and turning your niche into a viable brand.

 

​The class will cover:

  • Finding and mastering your niche

  • Making money off what you are good at 

  • Develop a strategy to be the leader in your field

  • Creating eye catching sites  to get noticed

  • Ways to gain online and offline exposure

  • How influencer marketing works to your advantage

  • Connect with the brands and big businesses that pay

  • Attracting new followers

  • Using social media to leverage other sources of income

1. Freelancing
Think about your day job, is it something that you can offer people on freelancing or consulting basis, of course without violating your employment terms?

Let’s say you’re an accountant you could consider offering financial services on the side during your free time.

For instance, you could start a freelance financial consulting business and offer individuals advice on investment, retirement planning, financial planning, business accounting etc. for a fee.

Whatever it is that you’re doing right now ask yourself, can I earn more money doing something similar on a freelance basis? If the answer is yes, then go for it!

The best thing about freelancing is that there is little to no investment needed to get started.

Platforms like Upwork allow you to find freelance jobs from all around the world.

multiple streams of income

2. Blogging
Don’t have a lot of money to invest in a second source of income? Don’t worry, here’s an idea that you can build into a money making one with very little investment: blogging.

Blogging is a great secondary source of income for freelancers and/or business owners as it can complement your existing business and become another source of income.

Did you know that you can start a blog in under 10 minutes? You read that right! You simply need 10 minutes and less than $50 to get started.

Once you get set up you can create consistent valuable blog content and generate huge amounts of passive income. The more value you offer to your blog followers, the more blog traffic you will get and the more money you stand to make.

Check out this guide on How to Make Passive Income Blogging. We also have a free blogging course that will show you how to start a blog and setting up the right way to make money.

Sign up here for free >> Free 5 Day Course: Start a Blog That Makes Money.

different sources of income

3. Other online business
Another common stream of income is creating a side business online. With the availability, popularity and ease of using the internet, it’s very easy to run an online business while still doing other things.

Don’t know where to start?

Here are five best low cost business ideas that anyone can start – no previous experience required. This guide will take you through what you need to start any of these five businesses with little to no capital and turn them into a money making machine for your side hustle.

4. Property
Now if you’re looking for ideas to make money passively, entering the property market is a good idea. The good thing about investing in property is that it appreciates in value.

You can also save money through tax deductions against your property and you will always have a steady cash flow from rental income.

The advantage of investing in rental property, for instance, is that once you have a property that is established and fully rented, all you have to do is manage the property and keep it performing well as you continue to get rental earnings every month.

If you don’t want to deal with tenants you can hire a professional property manager who can manage your property for you for a small fee. This makes the investment much more passive, as you get to put in less time and effort into the investment.

Another great way to add property to your multiple streams of income is to hire it out as an AirBnB rental. Find a rental property in an area popular with tourists and business travellers and then lease it out on the AirBnB website.

If you don’t have money to invest in a rental property you could still make money by renting out any extra rooms or converted basement/garage on AirBnB.

Don’t want to deal with the hustle of buying and selling off property or even having to look for tenants? There’s another way to invest in real estate property.

If you don’t want to own physical real estate, consider investing in REITs (Real Estate Investment Trusts) or through a real estate crowdfunding website like Fundrise.com.

multiple sources of income

REITs are also a good option as they pay higher dividends compared to other investment options such as stocks and bonds.

You can also sell your interest in a REIT anytime you want making it a more liquid investment than owning a real estate building.

Other investments for income
There are plenty of options when deciding on where to invest your money.

Some common investments include:

The stock market – Shares in a company
Physical commodities – Gold, silver etc.
Investment bonds – Lending
Mutual funds – Groups of stocks
Investing is about using capital with the goal of increasing your wealth over time. Your investment, should make you some kind of profit either through interest, dividends or return on capital.

Before you make any investments it’s always wise to seek out professional advice. Consult with a financial adviser online and do your research about the companies you plan investing with.

Another option for investing your money is through cryptocurrencies like Bitcoin. The crypto market is highly volatile and very risky so please do your research before making any investments. I know much has been said about cryptocurrency such as Bitcoin and it’s understandable if you still don’t get what the Bitcoin fuss is all about. We have an extensive post that explains what is cryptocurrency and how to make money from it. Check it out.

See also: How to Buy Cryptocurrency & Bitcoin: Your Guide to Investing in Digital Gold

secondary income

How to create multiple streams of income
Like I mentioned, your success in running multiple streams of income without getting overwhelmed depends on how you get started. So how about we take a look at what you need to do to create side businesses for extra money?

Identify your skills and/or hobbies
Certain skills and hobbies that you already have can be nurtured into reliable sources of income.

What are you really good at? What do you enjoy doing during your free time? Do you have any hobbies that can make money? Take note of such skills and hobbies because you can easily turn them into an income stream.

Take stock of your finances
How much money do you have to invest in your preferred streams of secondary income? It’s important to know how much money you can afford to play with. This is because some side hustles require more investment than others.

So if you have enough you may consider investing in property but if you don’t have much then it’s best to consider simpler options such as freelancing or blogging.

Complementary services/ products
Do you already have one side business running? Perhaps you can offer complementary services or products to diversify the earnings from that business.

Do you currently work as a writer? How about creating digital products such as ebooks, online courses, self-published books etc. and sell them for extra income?

While not all businesses will have complementary services or products, most will. So go on and give it a thought you never know the gem that may be hiding in your current business.

Consider passive income sources
Another great way to create multiple streams of income is through passive income sources. These are sources that you create once and they continue making you money over time.

For instance, a writer could write a book and continue to make sales from it throughout their lifetime. A blogger could create an online course and sell it over time on their blog.

They could also offer premium content on a membership basis where people pay to access certain content on their blog for a certain period of time such as monthly or yearly.

Other passive income sources that you should consider include affiliate marketing, franchising and licensing your ideas.

Do one thing at a time
Launching multiple streams of income isn’t easy and will take you time and money to get each going. If you want to be successful in your endeavours, work on one source at a time.

Plan out one idea at a time, invest in it, launch it and bring it to success before you embark on the next side business idea.

Focusing on more than one business idea at the same time will only dilute your efforts to make more money and slow you down from achieving the success you deserve.

Having multiple streams of income may take more time out of your life but you can be sure that you will be laughing all the way to the bank. Wouldn’t you want that?

As you can see, there are lots of ideas you can consider and set up a side business/es today and start earning extra money immediately. So what are you waiting for?

One way to start is by creating a mind map. Take out a piece of paper and write your main business product or service in the middle to start a mind map.

Next, create four spokes coming out of the middle, titled “products,” “services,” “advertising/affiliate,” and “other” off of your main product or service. These are categories of types of income you can potentially generate off of your existing business.

Create more spokes off of each of these categories with ideas on how you can make money at them. Earning sources include books, online courses, merchandise, coachingfreelancing, speaking, training, selling advertising, and affiliate marketing. Not all businesses will be able to come up with ideas for each spoke, but every business should be able to develop extra income streams from their home business idea.

Focus first on passive income streams that you create once, but they continue to generate income. For example, writing a book is a passive income stream. You write it once and sell it over and over. The word passive is a little deceptive because you need to write and market the book. Nevertheless, compared to non-passive sources of income, which you need to do over and over to make money, such as providing a service, passive income streams require less time once they’re created.

Other forms of passive income include other written works (i.e., courses), audio or video creations, affiliate marketing, licensing your idea, franchising, or continuity programs (i.e., memberships).

Next, focus on income streams that can expand your business. For example, public speaking or teaching can create additional income, as well as generate new clients. Another option is freelance writing, in which you'd get paid for an article that would also promote you and your business.

3. Affiliate marketing

With affiliate marketing, website owners, social media “influencers” or bloggers promote a third party’s product by including a link to the product on their site or social media account. Amazon might be the most well-known affiliate partner, but eBay, Awin and ShareASale are among the larger names, too.

Opportunity: When a visitor clicks on the link and makes a purchase from the third-party affiliate, the site owner earns a commission.

Affiliate marketing is considered passive because, in theory, you can earn money just by adding a link to your site or social media account. In reality, you won’t earn anything if you can’t attract readers to your site to click on the link and buy something.

Risk: If you’re just starting out, you’ll have to take time to create content and build traffic.

5. Monetize a website and make money blogging

Okay, so this one is not exactly simple. But starting a blog is something that has forever changed my life, which is why I wanted to include it on my list.

With my blogs, I am able to connect with people all over the world on topics that I am passionate about — personal finance and entrepreneurship — and I made over $175,000 last month doing it.

If you are looking for true freedom in your life, I highly encourage you to look into this opportunity.

1. Selling information products

One popular strategy for passive income is establishing an information product, such as an e-book, or an audio or video course, then kicking back while cash rolls in from the sale of your product. Courses can be distributed and sold through sites such as UdemySkillShare and Coursera.

Opportunity: Information products can deliver an excellent income stream, because you make money easily after the initial outlay of time.

Risk: “It takes a massive amount of effort to create the product,” Tresidder says. “And to make good money from it, it has to be great. There’s no room for trash out there.”

“If you still have a job, stay the course while also incorporating additional income streams for diversification. Having multiple income streams keeps you protected in times of unpredictable economic instability,” Norris advises.

Here’s five income streams you can add to your life today.

1. Create a Course or Membership

Got a knack for gardening, physical fitness or building sales funnels? Leverage your own skills and expertise around any niche skill with your own course or membership group on social media. Be sure that whatever you create stands out. Do something no one else does.

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“Getting set up involves an initial small investment, but it can quickly pay for itself as people begin to pay you to learn what you know,” says Norris. “Once the course/membership is created and online, you can earn passive income off of it forever. If ten people, for example, sign up for your $97 course every week, you’ll earn an extra $50k per year. This year, my husband and I created a membership group that offers year round support to entrepreneurs and is on track to bringing in five figures of passive income for us every year.”

2. Teach Your Skills Live

Let’s say you’re talented when it comes to personal development or interior design, but that’s not your full-time pursuit. You can still teach that skill one-on-one or in a group setting online. Ultimately, this is a great way for people who have specialty knowledge to make passive income. You create value for the audience that follows you, which builds trust, and then people will want to learn more from you—and will be willing to pay you for it. The goal here is to monetize your efforts, perhaps by including paid ads on your website or by selling offers to people in your Facebook group. 

“To get started, create your own website with a blog or vlog. Utilize Facebook groups and other social media to build a following, directing people to your site,” notes Norris. “Websites are easy to build and many companies offer cool templates and support. We created monetized websites that teach people the skills we have: ours are nutrition, fitness, health and wellness.”

MORE FROM FORBESHow To Live With The Fear Of Failure While Building A BusinessBy Stephanie Burns

3. Partner Up

From olive oil to cosmetics to travel, there are an endless array of companies that you can become an affiliate for. You’ll get paid for referring your friends to the products that you use—and you don’t have to have a high-traffic website to make this work. You do, however, should have an established following of at least 500 people on social media. 

“You’ll want to partner with and promote brands you truly trust and believe in. Remember, you’re creating value for your followers by providing them with vetted opportunities. As a bonus, you’ll receive income for very little effort. While these are usually one-off deals, they can pay long term passive income depending on the offer and the timing. To get started, come up with a list of products that you use every day and are passionate about. Then go to their websites and search for affiliate opportunities,” suggests Norris.

FASHION IS ABOUT MANY THINGS. BUT AT THE END OF THE DAY, IT’S ABOUT PEOPLE. AND IT’S ABOUT THE STORIES WE TELL OURSELVES AND SIGNAL TO EACH OTHER. IT’S ABOUT THE RICHNESS OF FANTASY AND THE STARK REALITIES OF SOCIAL COMMENTARY. IT IS AT ONCE TIMELESS AND A PORTRAIT OF THE TIMES. THESE STORIES GIVE US INSIGHTS INTO HIDDEN WORLDS AND UNIVERSAL TRUTHS. THEY SHIELD US FROM THE ELEMENTS AND STRIP US TO OUR MOST BARE. AND AT ITS BEST, FASHION HAS THE POTENTIAL TO TRANSFORM LIVES AND SHAPE VISIONS OF THE FUTURE — A FUTURE WE HELP SHAPE BY THE VISIONS WE ARE WEARING.

THESE ARE STORIES WORTH TELLING. THEY GROW US AS INDIVIDUALS. AND HELP US GROW TOGETHER. A COMMON LANGUAGE FORMED FROM THE PAIN OF EXPERIENCE AND THE BEAUTY OF HOPE. IN THIS WAY, FASHION IS TRULY ART AT ITS MOST PERSONAL AND EXPERIENTIAL. BECAUSE YOU ARE WEARING BOTH WHO YOU ARE AND WHO YOU CHOOSE TO BE.

SEATTLE FASHION COLLECTIVE IS BOTH AN ORGANIZATION AND AN INITIATIVE DEDICATED TO IDENTIFYING ARTISTIC AND COMMERCIAL PROFESSIONALS, EVENTS AND INNOVATIONS IN THE GREATER PACIFIC NORTHWEST. OUR PRIMARY ONLINE PURPOSE IS JOURNALISTIC IN NATURE. WE WILL STRIVE TO IDENTIFY STORIES THAT SERVE THE PUBLIC INTEREST AND SHINE LIGHT ON LOCAL FASHION.

WE BELIEVE SEATTLE IS MORE THAN THE FOURTH LARGEST FASHION MARKET IN THE UNITED STATES THAT NO ONE KNOWS ABOUT. RATHER, IT CAN BECOME A FASHION CAPITOL THAT SHARES A UNIQUE WORLDVIEW ON AN INTERNATIONAL STAGE. BUT FIRST, WE MUST KNOW OURSELVES WELL AND BE UNITED IN THE BELIEF THAT WE CAN MAKE A DIFFERENCE. ART IS TRANSFORMATIVE. AND THE INTERSECTION OF ART AND COMMERCE MUST BE EXAMINED BEFORE IT CAN BE EMBRACED.

BUT IT ALL COMES DOWN TO PEOPLE. YOU CAN’T GIVE WHAT YOU DON’T HAVE. AND MANY DON’T KNOW THE INCREDIBLE OPPORTUNITIES AND RESOURCES IN THEIR OWN NEIGHBORHOODS.

WE WANT TO CHANGE THAT. AND WE BELIEVE SHARING STORIES IS THE FIRST STEP TOWARD FOSTERING TRUST AND BUILDING BRIDGES TO A FUTURE TO WHICH WE ALL BELONG.

STAY FABULOUS. THE WORLD NEEDS YOU NOW MORE THAN EVER.