Believe it or not, some people are reluctant to create multiple income streams because they are afraid of losing focus on their primary income stream.
In my opinion, as long as the income streams are all pretty much in the same niche, you can still manage and maintain cash flow.
Here are some different types of income streams:
- Earned Income
- Business Income
- Interest Income
- Dividend Income
- Rental Income
- Capital Gains
- Royalties or Licensing
- Membership Subscriptions
Most of what I do is in the events and activities space. Therefore, as long as the event is in fault with making money, I am pretty safe.
I promote Networking Events, and social activities for business owners, entrepreneurs and meeting and event professionals.
My primary event is the Minnesota Event Expo, and then there are multiple other events that lead up to that expo.
I also have a monthly Networking and Social and Event on the first Thursday of every month.
It’s really not that hard to have multiple income streams, if you set them up properly, and then create the ideal targeted traffic headed towards your offers and opportunities.
Live in person local events accomplishes this. Another of the websites that I have is called Twin Cities Business Events and I actually promote multiple events on this site. Not just my own events.
SEE TwinCitiesBusinessEvents.com
By collaborating with multiple people, and helping each other succeed, it is much easier than it is to compete and conquer.
Collaborate, create, cooperate and succeed!!
