How to Build Additional Income Source
There is no single formula for building wealth. There are thousands of formulas that have worked for millions of people. You will have to find out the right formula for yourself and use that formula, work hard and become successful. Before you find the right formula you might have to test a lot of formulas, however, you should not be afraid of testing formulas and failing, in fact, failure will teach you more than success can actually teach you. A lot of successful people you see today have failed multiple times. They continued doing something until they started becoming successful.
How to Start Print-On-Demand Business to Leverage Your Income
Print-On-Demand is an online business that is free to start (you absolutely don’t require any money), can be done from anywhere, at any time; can be done in your spare time (during the lunch break in your office, or at home, while watching Netflix); you don’t require previous experience, expert level knowledge and skills, and last but not the least you can make a lot of money. Sounds interesting? Here’s how you can start.
What Is Print-On-Demand?
Print-On-Demand is a business model where you the seller create the product virtually (design the product) and the Print-On-Demand store fulfills the order (manufacture the product and ship the product).
How to start?
You start a Print-On-Demand business by joining platforms like redbubble, Etsy, Printify, Printful, Teespring, etc. You then upload your design and generate a mock-up for the product you want to sell. Give an SEO title, add searchable tags and keywords and publish your listing. Then do some marketing to generate sales.
Is Print-On-Demand business profitable?
It is super easy to create products, all you need is graphic designing skills (to design products). If you don’t do graphic designing, you can buy designs online. You can sell the same products again and again. You can sell the same product on multiple platforms and leverage your revenue.
How to Build an Income Through User-Generated Content
User Generated Content, which implies the written text (posts, articles), images (graphics, photographs), visual media (videos), and audio (podcasts) posted online. User Generated Content exploded with the evolution and popularity of web 2.0 websites because unlike web 1.0 websites where the content could be uploaded only by the website owner, web 2.0 websites allowed users to create and publish their own content online (facebook, youtube, worpdress, etc.).
User Generated Content Business means you create different kinds of content for businesses and brands and make money as a content creator.
In order to start your UGC Business, you don’t need to be an influencer or have a huge following because UGC means content created by common users. Brands and businesses don’t have time to create their own content, therefore, they hire content creators. That’s how you fill the gap.
How do you find businesses and brands that want to hire content creators?
You can find content creator jobs through social media, job sites, or the freelance marketplace.
If you have a presence on social media, you can not only search for jobs but can even be discovered by businesses. The best way to get hired is to showcase your content, you can do this by creating a good portfolio.
On job sites and freelancer sites, you can share your detailed bio or even a video introduction for connecting with businesses.
How to Build Additional Income Through Digital Products
Selling digital products is a phenomenal way to build additional income because you generate passive income.
What kind of digital products you can sell?
You can sell digital art, workbooks, ebooks, tutorials, online courses, designs, design templates, podcasts, video clips, digital planners, etc.
Where to sell your digital products?
There are a lot of platforms but I recommend Etsy and Creative Fabrica.
What skills do you need to create digital products?
It depends on what type of product you want to create. For example, if you want to sell ebooks, you need writing skills. If you are creating digital art, you need graphic designing skills. If you want to create a podcast, you need talking skills as well as audio recording equipment.
What if you don’t have the skills to create digital products?
Not having any skills to create digital products does not mean that you cannot make money selling digital products. Let’s say you want to sell an ebook but you don’t know how to write. You can go to Fiverr or Upwork, and hire a writer to write an ebook for you. Or, if you want to sell digital art, you can hire a graphic artist and get him to do digital art for you and you can sell that art on the digital marketplace.
