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You are here: Home / Passive Income / 13 Things You Can Do To Create Multiple Income Streams

13 Things You Can Do To Create Multiple Income Streams

17 Comments Updated: March 7, 2020

This page may contain affiliate links. Please read my disclosure for more information.

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10+ Things You Can Do To Create Multiple Income Streams.

Wouldn’t it be great to have multiple streams of income that added an extra $500 or $1000 to your account every month? Think about it. Life wouldn’t cause you as much stress if you didn’t have to worry about coming up with enough money for your living expenses.

Building multiple streams of income used to be something that only rich people did. Now it’s something everyone needs to consider. Jobs are no longer secure, unemployment is high, and health care costs have skyrocketed. Relying on one income nowadays is risky.

Creating many streams of income is ideal, but you need to find the ones that are right for you.

If you’re ready to start earning additional revenue, then check out this list of ways to put extra money in your pocket. 

Quick Navigation

  • 13 Ways To Create Multiple Streams Of Income
    • 1. Affiliate Marketing
    • 2. Start A Business
    • 3. Flea Market Flipper
    • 4. Investments
    • 5. Real Estate
    • 6. Photography Business
    • 7. Influencer
    • 8. Sell Photos
    • 9. Social Media
    • 10. Virtual Assistant
    • 11. Write an Ebook
    • 12. Website Testing
    • 13. Sell Food
  • Tips For Creating Multiple Streams Of Income
  • Related Posts For Creating Multiple Streams Of Income:

13 Ways To Create Multiple Streams Of Income

1. Affiliate Marketing

Affiliate marketing is selling other people’s products. Essentially you use your marketing skills to send people to a merchant’s website to buy their goods or services, and then you receive a commission.

To find affiliates, you need to contact a vendor or look on dedicated websites such as Clickbank. Finding a company to work with should be relatively easy since there are companies worldwide who want to find as many places as they can to sell their products.

This form of income will require you to be at least somewhat tech-savvy because you will need a blog, YouTube channel, or social media presence to make this work.

The upside is that once you become established online, your business can grow as your marketing skills grow. You don’t need much money to become an online entrepreneur, but it can be very time consuming until you become established.

2. Start A Business

Start a business on the side while you work full time. You could launch a lawn care business, jewelry maker, sell crafts, sell T-shirts or printables on Etsy, clean houses, design websites, or do whatever you’re good at or interested in doing.

3. Flea Market Flipper

Buy used things to make money at a flea market or garage sale, repurpose them, and then sell them. You control the amount of time and money that you want to invest in this income stream.

4. Investments

Ready to invest on your own? Ally Invest is an online broker that allows you to invest in index funds.  They make the research and investing easy.

Lending Club is a peer to peer lending platform where people come to get loans, and investors provide the funds for those loans. According to their website, “Lending Club Notes can earn between 5% to 7% per year.

You build a portfolio that fits your investment goals. Each Note represents a fraction of an underlying loan: you can invest in portions of loans in $25 increments.”

5. Real Estate

Do you watch the real estate gurus on TV? You know, the house flippers that make it look easy to earn hundreds of thousands of dollars.

Buying rental property may not be as glamorous as flipping, but it could provide you with a lifetime of income. Being a landlord is my favorite way to earn extra income, click here to find out why.

I currently own six rental properties, but buying that first one was scary. I had been reading about real estate investing for over a year but was afraid to take that first step.

After reading an article that said: “there is no such thing as failure, as long as you learn from your mistakes,” I decided to give it a try.

Bigger Pockets website is a community of like-minded people investing in real estate, and they have a lot of free information as well as forums where you can ask questions.

6. Photography Business

Do you like taking pictures? If so, there are many opportunities for you to create more income. You could have a photography business on the side where you take wedding and graduation pictures.

7. Influencer

You could post your pictures on Instagram and build up a following and become an influencer. According to Pixlee.com “Influencers are Instagram users who have established credibility and audience; who can persuade others by virtue of their trustworthiness and authenticity.”

Advertisers pay influencers to post pictures with their products or say something about their products. Some even make thousands of dollars per job.

8. Sell Photos

Another way to earn money from your photos is to sell them to a photography website such as Istockphoto or Shutterstock.

These sites give you a platform to sell your pictures for either a flat fee or a percentage of each one sold to a client. A single photo can be sold multiple times and pay you for years to come.

Zazzle.com is a free marketplace that allows artists, graphic designers, and photographers to sell their work online.

According to their website, you can “sell your artwork on hundreds of retail-quality products and set your royalty rates. It’s easy and FREE!”

9. Social Media

Only have a few followers on social media; you may still be able to make money. Izea is a website that pays you to post advertisements on your account. Go to their website to learn more.

10. Virtual Assistant

Zirtual.com currently has openings for virtual assistant positions for people residing in the United States. They have a list of job requirements that you must meet on their site. The pay range, according to their benefits page, is between $13 to $18 an hour.

11. Write an Ebook

An ebook will require a lot of your time in the beginning, but it can provide an income stream for many years. The cost of publishing is minimal, and you can market the book yourself.

12. Website Testing

Usertesting.com will pay you $10 to watch ten to 20-minute videos and give your feedback. You complete a set of tasks while speaking your thoughts, as you visit apps or websites.

13. Sell Food

If you have a garden, you could sell vegetables at a farmers market or homemade pies. Don’t have room for a garden?  

It only takes two weeks and a small room to grow some tiny vegetables and herbs known as Microgreens. They are 40 times more nutritious than the mature version.

Selling these tiny plants on a part-time basis could net you a few hundred dollars a month. Once you master the skill, you could even profit from teaching others how to grow them.

Need help getting started? You’ll find everything you need to get started in the  Indoor Grower’s Guide to Gourmet Greens.

Tips For Creating Multiple Streams Of Income

Take some time and think about your options for creating additional income streams. Choose one thing to pursue and focus on that.

Make sure you have your first income stream up and running well before you pursue the next one. If you don’t like what you’re doing, or it’s not working out, then drop it and move on to the next idea.

Related Posts For Creating Multiple Streams Of Income:

  •  The 5 Best Investment Apps for Beginners
  • 12 Personal Finance Tips That Will Make You Rich
  • Ways To Create Passive Income When You Don’t Have Any Money
A Variety Of Ways To Create Multiple Income Streams
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17 CommentsFiled Under: Making Money, Passive Income

Comments

  1. Alexandria (The Cloud Traveler) says

    May 10, 2017 at 3:15 pm

    Great information! I’m just starting affiliate marketing!

    Reply
    • Cara Palmer says

      May 11, 2017 at 12:33 am

      Good luck with your affiliate marketing! I’ll be publishing more information about it soon.

      Reply
  2. McKayla says

    May 10, 2017 at 6:39 pm

    Great ideas! I need to make an ebook, but I just don’t know where to start. Picking a topic is hard. But I totally believe in having multiple streams of income! Thanks for the tips.

    Reply
    • Cara Palmer says

      May 11, 2017 at 12:32 am

      I agree, picking a topic is the hardest part. Sometimes it helps to just pick something and go with it and then make adjustments as you go.

      Reply
  3. Shane says

    May 11, 2017 at 4:13 pm

    Great ideas to leverage your digital space in more ways than just blogging. Thanks for the inspiration!

    Reply
    • Cara Palmer says

      May 13, 2017 at 9:22 pm

      Thanks, Shane.

      Reply
  4. Alyssa says

    May 12, 2017 at 4:14 am

    love all these tips especially since I’m looking into creating an income!!

    Reply
    • Cara Palmer says

      May 13, 2017 at 9:21 pm

      Good luck Alyssa, I hope you find one that works for you.

      Reply
  5. Chasing Potatoes says

    May 12, 2017 at 5:13 am

    Wow, so happy I have read this blog. This is quite helpful for me especially I am into photography. Maybe I will try to sell my photos. Thanks a lot for sharing. Bookmarking this blog now!!!

    Reply
    • Cara Palmer says

      May 13, 2017 at 9:20 pm

      Glad I could help. Check back often, I’m always looking for new ways that people can earn extra income and achieve their financial goals.

      Reply
  6. Chasing Potatoes says

    May 12, 2017 at 5:18 am

    WOW, so happy I have read this blog. This is quite helpful since I am into photography. Maybe I will try to sell my photos online. Thank you so much for sharing. Bookmarking this blog now. ♥♥♥

    Reply
  7. Crystal (The Busy Mom Diary) says

    May 13, 2017 at 1:35 am

    Great post of ideas for people who may be seeking additional income. The internet has so many options for those people.

    Reply
    • Cara Palmer says

      May 13, 2017 at 9:16 pm

      You’re right Crystal, there are a lot of opportunities for extra income if you know where to look.

      Reply
  8. Cara Palmer says

    May 13, 2017 at 9:18 pm

    Selling your photos would be a great way to earn extra income.

    Reply
  9. Lynn says

    June 21, 2017 at 10:33 am

    What a fab post, I’m going to look into selling images and the Facebook thing as I have a few thousand followers!! I love learning new way of making money. Thanks for joining the money making madness linky. LJ

    Reply
    • Cara Palmer says

      June 22, 2017 at 10:26 pm

      Hi, Lynn. Selling images sounds like a great idea for making money. I’m glad I could join the money-making madness linky, I found a lot of great posts there.

      Reply
  10. Jamie says

    August 6, 2019 at 3:23 am

    Wow! Great job keeping my full attention with your post & for the great ideas! Thank you! I will try it out.

    Reply

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About Me

Welcome! I'm Cara Palmer, and after pulling myself out of debt and onto the path of wealth accumulation, I decided I wanted to share my hard-won lessons to empower readers from all backgrounds to do the same.

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