One of the most powerful things you can do for your business is install multiple income streams…
So, in order to help you do just that, in this week’s edition of High Ticket Weekly…
You’ll get 7 income streams you can add to your business, and if you read until the end…
I’ll show you a way to make money EVEN when people don’t buy from you.
Now let me stress something VERY important before we go any further.
DO NOT ATTEMPT TO DO ALL THESE AT THE SAME TIME.
That’s a sure way to develop shiny object syndrome and you’ll achieve very little.
So, do these one at a time.
Once you have one stream generating a solid and consistent income each month, you can move on to a new one.
Let’s dive in.
These could be physical books, kindle, ebooks, and even audiobooks.
Now, unless you’re selling hundreds of thousands of copies, it’s unlikely you’ll make a huge amount of money with books.
But one thing you can use books for is to position yourself as an authority in your marketplace, niche, or industry.
Books can open up a world of opportunities that may not exist without them.
When I was starting out as a copywriter I had a client hire me just because I had written a book.
Digital courses have completely changed my life and business.
I’ve sold tens of millions in digital courses in my career.
In fact, my High Ticket Closer Certification sold over $10 million alone.
Digital courses are a great way for you to showcase your expertise, and get it into the hands of people all over the world.
They’re easily scalable, and you can also use them as a down-sell for people
who can’t afford your high ticket coaching or consulting.
Here’s another way you can sell your digital courses and expertise.
If you have multiple courses or one big course, you could charge a monthly or annual fee for access to your content.
You can give them all the content at once, or drip-feed it over time.
They’re a great way to build recurring revenue and are one of my favorite income streams for this reason.
Events are something we’ve been doing a lot of recently.
We run the S.M.A.R.T. Challenge™ a few times each year which is a completely virtual event.
We’ve been running live in-person events at the Vancouver Club, as well as hybrid (in-person and virtual events), such as High Ticket Mastery™.
Events are a great way to connect with your audience, and get a revenue boost…
But you can also use events as an opportunity to upsell your audience to your high ticket coaching.
So they can be VERY lucrative if done right.
This income stream is your bread and butter, but if you’re only doing one-on-one coaching at the moment, you may like to consider adding group coaching to your offerings.
Coaching sessions can be in-person or even online, as I’m sure you’re aware.
But here’s another coaching/consulting income stream that may surprise you.
This has the potential to be a HUGE payday for you if you set it up properly.
Businesses routinely pay me $70K for a day of my time.
During a VIP day, you would be consulting or coaching for the entire day, helping businesses solve problems to generate more revenue or coaching their staff, etc.
Speaking is the highest-paid skill in the world.
Now obviously, you could speak at your own events, but you could also speak at other people’s events, businesses, and engagements.
Your options are charging an upfront fee, or if the opportunity exists, you can speak for free and sell from the stage and make money selling your programs or services.
If you’ve read this far, then congratulations.
As promised, here’s a way you can make money when people don’t buy from you.
It’s called affiliate marketing.
When I was younger I had very successful affiliate marketing businesses, and I still do affiliate marketing to this day.
So why is affiliate marketing so powerful and worthwhile?
Mostly because all you have to do is direct traffic to the offer, while the company takes care of fulfillment and customer service.
It typically takes a while to build up a solid affiliate income, but once you’ve got it to a certain level, it continues to grow and it’s money that comes in each month on autopilot.
I’m not going to link a video for affiliate marketing, because I don’t want you to become an affiliate marketer as such.
Instead, if any products you use and believe in have an affiliate program, you can begin promoting them.
So there you have it.
8 streams of income you can install over time into your business.
Don’t forget, only work on one at a time or you end up shooting yourself in the foot.
See you next time,
P.S. – As I mentioned earlier, online courses are one of my favorite income streams.
It’s the fastest way I know of to turn your knowledge into a solid stream of recurring income.
Click the link above to get started.