Monday, September 8, 2014

Multiple Streams of Income

Find happiness in the details.

I thought I'd take a little break from focusing solely on FBA, and discuss multiple streams of income. FBA is an amazing opportunity, but it's important to not put all of your eggs in one basket. Here are some additional income paths that you could explore:

eBay
Perhaps you've been there, done eBay. This platform has changed over the years, and has gone from auction driven to "buy it now" domination (although auctions are still viable). It's a great place to clear out your clutter, raise sourcing funds for FBA, and sell items that are duds on Amazon, but have a market on eBay. Other selling platforms that you should explore are Ecrater and Bonanza.

Etsy
Crafy folks please apply. If you love to handcraft various items, then Etsy is a great platform. You can also sell crafting supplies and vintage items on Etsy. You might want to check out Artfire as well.

Teachers Pay Teachers (TPT)
If you're a teacher or former teacher, you really need to check out TPT. It's the world's greatest open marketplace for teachers to buy and sell downloadable classroom materials. You probably have files and files of worksheets, units, and other classroom resources that you've created. Cutesy them up and load them to TPT. I would appreciate it if you used my referral link.

Udemy
Do you dream of creating your own course complete with videos, reading materials, and more? Udemy is a great platform for you to share your knowledge on virtually any topic. Put your expertise to the test and start building your course today.

CreateSpace & Kindle Direct Publishing
It's time to dust off that manuscript, polish it up, and self-publish. Self-publishing no longer carries the stigmatism it once did. As the publishing industry has gone topsy-turvy, new and successful authors have found their home on both the CreateSpace (paperbacks) & KDP (Kindle) platforms. Both platforms are owned and operated by Amazon. If you need guidance in formatting your book for KDP, please check out my book: Do It Yourself: Format a Simple MS Word Document for Kindle. Other publishing platforms that I recommend are Lulu, Smashwords, and Payloadz.

Cafe Press & Zazzle
A little bit of graphic design ability can go a long way on sites like Cafe Press & Zazzle. Use your creative energy to create designs on t-shirts, mugs, hats, and many more products.

Fiverr
Need to make a quick five bucks? Fiverr is the place to pimp your skills. Look around and think of a niche that you could fill. There are opportunities on Fiverr to kick your earnings up a notch with add on services. It's worth checking out.

I think FBA is the greatest thing since chocolate was sweetened with sugar, but I also like to make sure that I have multiple streams of income flowing into my bank account. Once you have one platform on near autopilot, then you could explore another one and begin spreading your basket of eggs.

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