So many people are looking for other streams of revenue these days. There are lots of options for revenue streams from part-time jobs to creating your own products and services to selling other people’s products and services.
Ideally, the stream will be in alignment with a niche you are either already
serving or desire to work with and something that you care about.
Now it doesn’t have to be. There are a million and one ways to make money, but if you are like me, you will have more sustainable energy around a project if you are excited about the idea.
I want to side step here and say that if you are out of work or strapped for cash, then finding an interim source of income that is not in alignment with your passion is perfectly acceptable and even advisable. Once you get the cash coming in, you can re-visit other streams that are in alignment with your
passions.
I was talking to a coaching client the other day who wanted to brainstorm ideas for passive revenue. She recently had a baby and was not able to spend as
much time working with individual clients as previously. All of the
ideas she had were good ones but would take time to implement.
They required either finding other people’s products to promote or
creating new products and a new market. All of the ideas we discussed
were doable and good ideas but would have a fairly significant amount
of time to produce significant revenue.
Also the ideas she had weren’t really a match for her passion. She was passionate about helping other writers make a living writing. Then she told me that she had created and led a class previously that taught a certain niche how to earn money from their writing. I was able to help her see that she had all the materials for this class which could then be used with other writers in a variety of niches with some simple tweaking. All she had to do was take the material she had already written and put it into a home study format
and she as ready with her product. It won’t take months to develop
this product – it may only take days. And it is in alignment with her passions. Yahoo!!. Next step will be building her list and marketing her product to other writers
What’s hiding in your computer or closet that can be re-purposed?
Previous articles, classes, audio’s, reports and speeches are all examples of things that can be re-purposed either as a new product and source of revenue or as a giveaway to attract more of the clients you desire.
Perhaps you haven’t written anything, but did something that really worked for you in the past. How can you put that into a system that other people can learn
from?
This week, take a look in your computer files or closets and see what is hiding there that you may have forgotten about. How can you take some perfectly good material and breathe new life into it and into your business?
