Everyone wants to make money.
I know, I know…you love writing and would do it even if no one paid you and yadda, yadda, yabba dabba do.
I get it.
You still need to eat. Or feed your seventeen kids, whatever. And that takes money.
And how do we (millennials) make money?
From the super fickle Internet that’s almost never consistent, that’s how!
But seriously folks.
For those of us who rely on the Internet for 100% of our income, it can be downright terrifying.
Oh, been making a nice, consistent little paycheck from Amazon KDP, have you?
All it takes is one keystroke from Jeff Bezos then BAM!
Your monthly KDP check(s) is suddenly chopped in half and you now have to sell twice as many books to make what you were making before.
Which to be honest, probably wasn’t a whole lot to begin with.
You, probably: Wait! That is so…
Hey, I hear you fam.
And it’s not just Amazon either.
All those other awesome online marketplaces like Smashwords, iBooks, and GooglePlayBooks can easily change their algorithms and pay structure resulting in fewer coins for us struggling self-published authors.
So what’s a poor indie to do?
That’s right. You, my friend, need MULTIPLE, NON-CRAPPY sources of income.
You, probably: I swear if you tell me to start a Mastermind course…
Me: Well not with that attitude I won’t.
You, probably: What?
I know there are tons of articles/blog posts about this topic floating around and honestly most of them are full of sucky ways to increase your income.
Because no one wants to hear the truth.
CREATING CONSISTENT, RELIABLE STREAMS OF INCOME TAKES A LONG A#$ TIME AND TONS OF HARD WORK
You, probably: Didn’t your last blog post have the word “ass” in the title uncensored?
The truth is, creating multiple revenue streams is not sexy or glamorous.
You’re going to have to work on those income streams just as much, if not more, than your main source of income.
In this day and age, it seems not only silly, with downright dangerous not to.
Trust me on this you guys. Ya just gotta.
So without further ado, I present to you…
My 2019 Income Diversification Plan
DISCLAIMER: Some of these methods will take over a year, if not longer before they even BEGIN to produce income. Just saying.
METHOD #1 START A BLOG AND MONETIZE IT
Making money with a blog in 2019 is definitely a long game method. You must write consistently and stick around long enough to build a reader base and get ranked by google’s crazy ass search algorithm.
And no, you won’t be raking in the dough in six months or even a year from now.
If you stay consistent, write halfway informative and somewhat entertaining blog posts, throw a couple of ads up and use affiliate links in a non-sleazy way…you just might start pulling in a couple hundred bucks a month.
METHOD #2 WRITE A BOOK
Hush, let me explain.
I write fiction and I enjoy writing fiction.
I also enjoy helping people and acting like a know-it-all. So naturally, I’ve become intrigued with the idea of writing non-fiction.
If you want to get technical, this is simply another variation of a stream of income I’m already utilizing (selling books). But who wants to get technical? Not I.
This year I’m breaking into the non-fiction world in the hopes that my expertise (lolz) might net me a pretty little piece of side income.
BONUS POINTS: Writing non-fiction is much easier than writing fiction. It’s a fact. Don’t @ me.
Method #3 YOUTUBE, BABY!
Of all the methods I’m trying out this year, YouTube is the most terrifying. Me on camera? What do I say? What do I do? What’s a tripod?
Yes, there’s a huge learning curve, but YouTube is one of the fastest growing websites on the whole ass Internet!
And just like your blog, it can be monetized using affiliate links and ads. Not to mention paid product placements and sponsorships.
But also just like your blog, building a following takes time. A lot of it.
Will I make millions on YouTube?
Yes. It’s unlikely, but I’ll gladly take an extra $300-$500 bucks a month.
Method #4 Merch
T-shirts, iPad covers, mugs, tank tops, phone cases, rings, necklaces, dog collars.
If you’re not slinging merch, can you honestly call yourself a millennial?
I kid, I kid.
Look, merch is kind of having a moment right now. Of all the income streams I’m pursuing, this is the one I’m most and least nervous about.
One one hand I have no idea what type of merch to sell or who would even want to buy it.
On the other hand, most companies that create merch don’t charge you anything to get started so even if the only t-shirt I sell is to my mother, I lose nothing.
For me, that makes selling merch a no brainer. There’s no real downside (other than the embarrassment of no one buying your -ish).
!SHAMELESS PLUG ALERT!
Take notes kids. If you’re going to do merch, this is how you do it.
REVENUE STREAMS FOR AUTHORS:
START A BLOG ALREADY
CREATE A YOUTUBE CHANNEL
IT’S ALL ABOUT THE MERCH!
Was this the most millennial blog post ever?
Will you be starting one of these revenue streams today?
You, probably: Nope, I don’t think so.
Me: (winking) I think we both know the answer to that question.
You, probably: I just said no.
Me: (smiling) Hey, save it for your blog homie.
You, probably: What? I just said- you know what? I’m just going to stop reading your blog altogether.
Me: (winking again) I like you too.