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Staying Afloat with Multiple Sources of Income
First and foremost, we need to understand that money is gotten when one is able to provide value (in simpler words - solve problems; in street words - make yourself useful). It’s quite straight-forward. With economic hardship such as one in Nigeria, it is even more critical for someone with just one or two sources of income, especially if it’s not sustainable.
So here, we’ll explore more ways and sources of income. All that matters now is for you to find your strong points and get right into them irrespective of challenges (these challenges build your resilience).
- You could share your knowledge and insights as a professional consultant, especially in your field. Sounds cool, right? Here you can share knowledge, insights, and even coach clients and charge them for your knowledge and expertise. You can start now.
- Author a book or start a blog; you can still share your wisdom and insights and sell them as print or ebook media. It's an important way to attract potential consulting clients and to start building your personal brand that can help you lay the foundation for a book deal.
- If you are quite an orator, speaking publicly is one great way to go. As you build your personal brand, you get to charge speaking fees and also get to receive honoraria (which is voluntary though).
- You could also invest in real estate; although this requires you to have enough and it may seem slow, its profits yield massively.
Developing multiple revenue streams requires creative thinking about what you can do, followed by practical thinking about turning your skills and your passions into money-making opportunities. Finding yourself a mentor is also important because he can also guide and open you up to opportunities.
There are still more, but let’s stop the series here because the list could be exhaustive. However, what matters now for you is to find what works for you, your interests, and how to manage your time. And if you balance them all perfectly, then you can be sure to make more streams of income. Ciao!!!