9. Have Multiple Streams Of Income
Don’t let her Instagram fool you, Kim Kardashian does more than just attend events and take selfies (which, for her, are both profitable activities, anyway). She has all kinds of income coming in. In 2015, the Kardashian family signed a $100 million dollar deal with E! to renew Keeping Up With The Kardashians for four more years. Kim is said to have earned $15 million of that, plus the promise of an extra $5 million every time Kanye West shows up.
In 2006, Kourtney, Khloé, and Kim launched their clothing store DASH. In addition to those profits, she gets paid for making public appearances (events, parties, openings). She also has an app and a game, among other money-making vehicles.
As an entrepreneur, you don’t want to put all of your eggs in one basket. Of course, have a main source of income, but have other passive or active sources in the works. For example, you could create an online course, or join affiliate programs and introduce your audience to products that would benefit them.
We spoke about investing early on. If handling the tasks associated with having more than one source of income is overwhelming, you could always hire a virtual assistant.
Your actionable step: Brainstorm ways to meet your audience’s needs in at least one extra way. Introduce your audience to a professional who can help them, and earn a cut of sales made.
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