You must have heard everywhere that If you want a lot of money then you want to use more than one income streams because one income stream is not enough to earn you a lot and to make you a millionaire or billionaire. But has anyone advised you that these 5-6-7 different streams of income how do you build these experts, how do you earn through these many ways, what shall you do?
Well, I also can't tell you this but what I can tell you is today I’m 19 and I have 7 different sources of Income. I can tell you what I did and for all of these, I did only one thing. By focussing on only one thing how did I build 7 streams of income?
Passive Income Ideas
- Consultancy
- Public Speaking
- Brand Deals
- Affiliate Marketing
- Course
- Book
- Business
- My Advice to everyone
So let's start with my first income streams
Consultancy
Now, what is Consultancy? It is you telling people about things that;
- They don’t know about or
- They have less data about and with that information, you will benefit them which will.
- Benefit them in some way.
Now only for this thing multiple big companies hire reputed and big authorities. So I was a kid I was 15years old, what can I teach at 15years old that big companies will hire me and pay me for? So at that time, I was thinking this so I went to my father and asked him. What shall I do The world will know value tell me some 3-4 things that I can do which will increase my value.
So he said that “Don’t Run Behind 3-4 Things” Just find 1 thing and learn it with so much depth that you become an expert in it and when you will become an expert then people will regard you as a high-value person, you will be valued a lot more and then you can think of how you can earn money and which companies you can consult or what you can do in own company. I found that enlightening.
I went on to google and searched what skills will earn me a lot of money because that’s what I wanted to do but I found nothing then I googled something that every kid who is about to go to college searches about What should be my degree? What shall I read about? What colleges will be good for me? So at that time instead of this, I searched about Which Skill Would be in Most Demand in the Future?
Then I got to know online marketing, digital marketing their demands are going to soar and people don’t know much about it, I thought this is good. I called some of my friends talked to them and realized no one knew about it so I went back to google and looked up. Where Can I Learn Digital Marketing From?
And came to know that Google itself gives Free Certificate courses that you can learn digital marketing in detail, so I learned I didn’t learn all of it but learned one specific thing which was Google Ad is run then I learned how Facebook ads are run and now when I learned these 2 things
I had learned something which many people didn’t know even in my friend circle.
One of my friend's dads worked in Jaguar-LandRover. So I went to him and asked whether I will get an internship in your company, he said no you’re small you would need to apply. I said to him Tell me your problems which I can solve. So he told me his problem is not in the company his real problem is the local dealership, those who sell cars, we need to run
ads about the dealership everywhere and their budget was low, they wanted to run ads.
So that people will get to know that now the Jaguar LandRover is here and with this person. So that everyone would get to know where Jaguars are sold, so I asked them their budget he quoted me a number. I told him what if in half the budget. I will make everyone know that your franchise or your dealership is at this place. I can do this by running ads he scolded.
I don’t do this non-sense but I said if I do it you will give me 25K rupees because I was saving them 2Lakhs from their whole budget so I said I will save you 2 Lakhs just give 25K to me he said OK and then I told him about Social Media Marketing and running ads on Google and Facebook. And then because of those ads, many people got to know about the dealership.
And this was my 1st project Consultancy since then I have consulted with my companies about how to grow on social media, how to sell their products, and how to run ads and that has become one of my income streams how much do I Invest? 1 hour in a week or a month and they pay me for that, that’s consultancy. Now how did I learn it I did a course but 1 course was not enough.
I kept on doing it and am still learning about it. Today that how do you tell online stories how do you promote your brand online how do you make content online that many people will get to know about you. Now when I was doing it I realized this is a very good skill I have from 1 client to 2 clients from 2 clients to 3 clients like this I made 6-7 clients.
I was still a kid in college and at that time clients were paying 2000, 5000, or 10000 rupees in very small amounts but this made me think if I do this on a bigger scale. So If I will take 2000 rupees from 100 people that will be a lot of money. So what shall I do that 100 people will take it from me because knowledge is the same that has to be passed on.
So what shall I do that even if I am making 500 per person but still get it from 100 people at the same time then I got to know about Public Speaking. Speech that if I organize speeches and give a speech to a crowd of 100 people. So all of them are listening to the same thing but they are paying me for the ticket to listen to me.
Public Speaking
So my 2 streams were Speaking What did I learn about social media marketing how to scale small businesses through social media at cheap prices. So I started talking about these things in Public. In starting spoke in front of 4 people 5 people 10 people then delivered speeches in many small colleges for free. I used to mail them and call them myself that please give me a chance to speak.
I want you to let me speak on stage and I will do it for free and tell kids about how they can earn money through this in the future they were like ok it's for free. So I used to call 100 colleges out of which 2 or 3 used to say Ok you can do it. Now they started letting me speak for free. When I went to 1 place they liked it I went to 2nd place with their connections and it kept on growing.
So I delivered so many free speeches. In fact, the first 100 were for free I went from college to college and said the same thing for free that how do you grow yourself on social media. When this happened after 100 speeches. Finally, everyone started recognizing my value and I got a call saying We will pay you for it will you speak for us.
So my 2nd stream of income started Consulting I was doing on the side
but I gave speeches and after 100 free ones the 101st and 102nd were paid ones they started paying me and when they started paying my 2nd stream of income started.
When I started giving speeches everywhere I observed. Whenever I give a speech the people from there start following me and at that time I was not making anything. I was just posting pictures that today I gave a speech in Mumbai, today I gave a speech in Pune, today I gave a speech in Indore. I used to post photos Instagram was new I had an interest
it.
Since I talked about social media I was obviously on it. Now when I noticed people are following me this was a good sign. So I thought why don’t I start speaking on this because if I make a video and go to places only 100 people were watching me but if I make a video and post it on Instagram then all the people who have seen my speeches all can
watch my speech together.
So I started putting speeches on social media. I kept on uploading speech after speech for 2 years. Then I started uploading my content and after 2 years I reached 1,50,000 followers, when I hit that number I knew.
Now is the time for the 3rd source of income.
Brand Deals
When 1,50,000 people are listening to me then brands are ready to give me money to talk about them and promote their products because so many people are listening to you. I said Of course. So I stated 3rd source of income where I used to take money from brands. I’m still giving a speech, still talking about the same things.
So if I am talking about some bank they used to me pay me to say. I am saying about some stock broking company. So they used to pay me so owing to that my 3rd Income source started Brand Deals but still what am I learning about that How can you grow on Social Media, how can you hardwire your mindset that every morning you get up and get dissolved in 1 thing that you become an expert.
Because when you become an expert people start paying you I am saying the same on Social Media also and when this happened and I kept on doing it. So much then my 4th income source started.
Affiliate Marketing
What is Affiliate marketing? Now affiliate marketing is when I put up a video. So the brand that I am talking about supposing I am talking about XYZ brand that this is a company you should purchase Mobiles from them this is good at the same time the link to purchase that mobile will be down in the video or I will put up a Swipe Uplink on Instagram. So the number of times someone goes on that link and orders a phone through that I get a small part from it.
For example, You ordered a 1000 rupees phone. I am just giving an example but you ordered a 1000 rupees phone or any other thing. So now that you purchase it for 1000 out of that. I will get 2 rupees or 5 rupees. It is not your loss for you the phone is still for 1000 but the company will give me 5 rupees because the buyer came through my link.
So this started my 4th Income source. Affiliate Marketing So then I realized that just because of this one thing that how can I grow on Social Media how can I make my own brand, how can I become a content creator that the skill I have. I can start earning because of them
I have an interest in giving speeches, in business, in mindsets, in Social Media.
Now since I was thinking and breathing these things day and night. Why not start teaching people about it because due to this I started 4 different income streams so why not make people learn about it too. So then I started my 5th income source.
Course
So I made a course have you seen that every Sunday. I invite people and do that I priced the ticket for that course for 500 rupees. So whoever wants to learn how to do you speak online and offline and can start earning with speaking those people can buy my course for 500 rupees. People who trust me people who like my work people who think that he can make them learn something they go and buy it.
And when they buy it they do it for 500 rupees out of which I give some to my team, to my partners and the money left becomes my income. So
this started my 5th income source. Now when I started doing courses people who attended it said “Your course is very good” this is a great thing all the things that you have done in the last 5-6 years you provided it in a nutshell in this course in just a 3-hour workshop.
But you must have more tell us more since you compressed 5 years in 3 hours you must not have told everything you must have something more. So I said Alright and I started writing.
Book
So I said Alright and I started writing a book and then I booked a deal with Amazon. Now Amazon is paying me because I’m writing a book for them. So this started my 6th Income source. I started earning through the 6th stream. My consulting is going on my speeches are going on my brand deals are going on my affiliate marketing is going on my courses are going on.
Now I started writing a book which made my 6th Income source. Now the advance that I got from Amazon and when my book will be launched in November they will buy it if they like they will tell about it to other people and when others will get to know about it and when my the book will be sold more then this 6th source will generate a lot of income.
Now, these are 6 things now what’s the 7th one due to doing all of these things.
Business
The business now in this with all my influence. I teach people also about how you can become a creator. I provide the services. Now how do I provide it,
for example, I’m making these I have to write it all that I want to speak in the video then when will the video be uploaded then it will be edited.
So do all of this I take money from them and the money that I earn from that Business that became my 7th Income source. So from one thing which was Social Media Marketing. One subject that how you can grow your personal brand on social media. I started studying about it in 2014-15 and since then there hasn’t been 1 day not even 1 day where I haven’t
learned anything new. I learn the same thing every day and due to it.
I was able to build 7 income sources.
My Advice to Everyone is to make passive income
Now everyone is doing it absolutely right everyone is doing it but still, there is a lot of scopes left in it, and let's say even if the scope is not available in this. You pick any one field In today's world due to the internet. Tell me one thing in which you cannot make money in it but the only condition. Whatever you do you should become an expert in it because if you’re an expert you can also earn through 10 income sources.
Let alone 7 and you only need to learn 1 thing you don’t need to learn 7 different things for it. If you want to learn about the future learn about it what is coming in the future technology, artificial intelligence, the Internet of things. Ok, you don’t want to learn about them learn about finance stocks finance.
Let's say you don’t like that even you only want to speak and earn money through it you have fun speaking. So what I did you learn the same First of all learn about how to speak, how to deliver a speech, how can you do it that people would want to hear you.