The Xmas Episode - The Importance Of Multiple Streams Of Income

In our final episode of 2022, and before we take our break for Christmas and New Year, we leave you with some thoughts to ponder, about the importance of multiple streams of income.

With so much in the news that’s not altogether positive, we think it’s worth reminding everyone, ourselves included, that the future is very much uncertain, and it’s well worth being in the position where you can earn income via a variety of streams, so you don’t ever have to rely on one sole source.

Easier said that done, perhaps. But there are many things you can do to put yourself in a better position going forward, so you can potentially earn residual income on an ongoing basis, from a few different sources than your usual ones. Especially if you’re a freelancer earning invoice to invoice.

Consider creating content that can be sold many times over in the form of digital downloads. eBooks, courses, coaching material, creative content, videos, guides, consulting, presentations, whatever it might be - there are ways to monetise your knowledge so you can create something once, then sell it many times over.

Resources mentioned in this episode:

https://thedigitalgeneralist.substack.com/p/the-importance-of-multiple-streams

https://withkoji.com

https://payhip.com

Another resource we talk about is Volley, a website that makes it fairly easy to sell what’s most important to us all - your time. 

https://www.volleyapp.com

And because there’s a dearth of good news stories in the world right now, it’s worth having a look at a newspaper (and social accounts) of one outlet dedicated to good news!

https://thehappynewspaper.com

Iwan’s story of the alternative Xmas advert, very poignant.

https://www.youtube.com/watch?v=V_KjgSyGhzQ

All that remains is for us to thank you for listening throughout 2022, have a very merry Christmas and Happy New Year! See you in January…

Brought to you by Brummies Networking, the home of free, stripped-back business networking.

https://brummies-networking.co.uk

Brummies Networking on Twitter: @brummiesnet

BrumPod on Twitter - @brumpod

Produced by Audio Shed - https://audioshedpodcaststudio.co.uk

Twitter: @audioshedstudio

Music by Birocratic - birocratic.com

Twitter: @birocratic

BrumPod - The UK Small Business Podcast. BrumPod is designed for small businesses, because all of the hosts are small businesses! Our goal is to bring you topics that affect you as a fellow small business owner directly; everything from website tools and technology, changes in regulations, business networking tips, business growth.

BrumPod Hosts:

Richard Heathcote (Voice Over Artist) - https://www.richardheathcote.co.uk

Iwan Thomas (Business Coach) - http://www.iwanthomasassociates.co.uk

Jason Jones (DoubleJ Consulting)

Subscribe to Richard’s newsletter, The Digital Generalist on Substack - the best of the internet in online tools, platforms and news for creative businesses that you mightn't have seen before. https://thedigitalgeneralist.substack.com