So in this video, I want to share with you guys
the 7 different income streams
I was able to build by the time I was 24 years old.
This is not the typical approach
for someone in their young 20's.
So I want to explain to you how I was able to do it.
And really the reasoning behind
why I really decided to do it.
So where this all started was
about the time I was 18 years old
is when I got my first real job.
I worked for a startup company
that was only a couple years into business.
And I worked for them for four years until I was 21.
And when I was 21,
I was kind of relying on this income.
I was making $17 an hour plus commission,
so I was doing pretty well.
But all of a sudden my boss got an email saying
that her job she was fired,
and that meant that I was fired as well.
So out of nowhere,
just literally waking up the next day.
I found out that morning that I no longer had a job.
This hit me like a ton of bricks,
because this was the income I was relying on
and I didn't have any experience otherwise telling me
that you can just be fired from your job
just like that with no explanation.
I thought you would get notice,
I thought I would be able to plan something in advance.
So I had no job at this point.
This was when I had to go out and find another job.
So I did find another job.
And this was about the time I was 22 years old.
And I didn't want this to happen again.
So I started to kind of proactively look at
what were other ways that you can make money online.
How do you safeguard this?
How do you diversify?
What do you do so you don't just get fired,
and then have no job and no income.
So while I was working at this job,
I started to look into different ways to make money.
And I didn't have money to invest.
So I couldn't buy real estate,
I couldn't invest in the stock market,
I didn't have money to invest up front.
So I had to find ways that I could just use my skills
or just use labor.
Something where I could put in time
and then get money from that long term.
So long story short is this is where that transition started
from me working a single job
to diversifying and starting getting income streams online.
So with that said,
I only worked at that job for a year
and then when I was 23 and now 24
is when I've been working on online income streams.
And now I'm completely financially independent
of any job and the funny part is,
is I'm making at least five times more
than I ever did on salary.
So I'm glad that I made this transition,
and I'm just making these videos to try to help you guys
to go through this same transition.
Now before I get into these seven income streams here,
I really just wanna give one quick piece of advice.
And that is if you are working at a job
and you're about to go through this transition,
don't jump ship too early.
You have to at least build a raft.
What I mean by that is,
you're on a ship right now.
You have that income coming in something you can rely on.
If you just jump overboard,
you just quit your job and you just decide,
I'm gonna just figure out how to do this.
You have no income, you have nothing to go off of,
you're just going to drown.
So what you need to do is build at least a raft.
Start doing this,
start doing some of the things
that I'm gonna explain in this video,
until you have some kind of income you can rely on.
Even if it's not the full amount
that you're making at your job,
you will have a raft.
You'll have something that you can float on for a while,
while you keep building it up.
And then you will have another ship
that you can rely on that income.
Start doing these things after hours
once you get off your job,
until you have something you can transition into nicely.
Alright, hopefully you guys have some context on this now.
Now let's get into the seven passive income streams
that I was able to create.
So the first one is what I recommend
for anyone getting started.
I've talked about this before,
but that is Teespring.
Teespring is a print-on-demand platform
where you basically just create designs.
You don't need any paid software for this,
you can do it completely for free.
There are some apps that will help you do the designing.
So you don't have to be an artist or a creative.
But you're just creating catchy, trendy things
to put on T-shirts, or mugs,
or different articles of clothing.
And then you upload it to Teespring.
And it creates a virtual listing.
And then people can come and buy it.
They pay for the whole thing,
Teespring prints it and ships it,
takes care of customer service
and just puts the profit right into your account
that you can pay out.
This is great for anyone,
because there's no startup cost.
It's literally just you finding ideas on the internet,
creating them and uploading them to Teespring.
You can spend just an hour after work every day,
and you'll be able to create five or six
maybe 10 designs every day,
upload them to Teespring.
And you start compounding this,
you do this for a while then you're gonna
have 100 200 300 different designs on Teespring
while you're still working your full time job.
You won't have to worry about this,
but it'll be making money in the background.
So when you go home you can check your account,
see how much money you made on Teespring
This is a good way to start building up that raft.
If you need more on this, I've got videos.
I'll link one up here for Teespring.
And there's a couple of good ones on the channel
that will help you go through
kind of everything you need to know for Teespring.
So once I found out that you could do this on Teespring,
I started to look a bit further.
Where else could I do this print-on-demand style.
And this led me into my second passive income stream
and this was Merch by Amazon.
What I found out that Amazon is in everything.
well, they're also in print-on-demand.
Very similar to Teespring,
Amazon has a program called Merch by Amazon.
Now what's amazing about this is it's non exclusive.
Now the same designs that you upload to Teespring,
you can take those designs
and upload them to Merch by Amazon.
Now you're just gonna get free traffic
from people searching on Amazon
that are going to be buying those designs as well.
Maybe those people don't know about Teespring.
So they didn't see it on Teespring.
But they did see it on Amazon, double the money.
And again, this is completely free to start
and you can just keep scaling with this
and adding more and more designs.
So at this point, I had two passive income streams,
and this is so easy for you to start as well.
So this leads right into the third passive income stream.
And similarly to Teespring and Merch by Amazon,
there's actually another one called Redbubble.
Redbubble is another reputable print-on-demand company.
And again, non exclusive.
So you can upload the same designs
from Teespring, Merch by Amazon onto Redbubble.
Now all of a sudden I had three passive income streams,
and they're all making money with the same designs.
So you guys can make this just as easy as I did.
But that's an excellent way to go from working your job
to having three passive income streams.
So just like that you have three passive income streams
that you just built and you don't have to worry
about after you've uploaded the designs.
Now granted, there's more things
that you can do in regards to marketing
to sell more on print-on-demand.
They'll be linked in the video up here
that's using social media,
but you don't have to do those.
When you're working your full time job,
just add these things in.
Just upload the designs
and let them do the marketing for you.
So there's your first three right there,
and that's the first three that I started with.
So once I had put some work into this,
and was actually making decent money
on print-on-demand on these three sites,
it was pretty life changing for me.
As a 23 year old, you weren't really supposed
to be making this much money,
and not doing anything because it was so passive.
So at this point,
I wanted to teach other people what I had done.
So I started at my university
and I wanted to get together groups of people
and teach them what I was doing on Teespring.
For those that were interested,
they could come to kind of a meeting,
and I would show them what I was doing.
And obviously for free,
but just to share this information with people
and see how they would receive it.
So what happened here
was the university actually stopped me from doing this,
because it wasn't in their course curriculum.
And I guess maybe it went against
some of the things that they were teaching
in the university courses.
So I had to look for a different way
to share this knowledge.
And this is where one of my friends told me about Udemy.
And that's how I started teaching courses on Udemy.
So Udemy is a course platform
where you can put together a course,
and they sell pretty cheaply.
And it's an easy way for people
to purchase kind of a package course
that goes through a lot of things in detail.
So I put together the very first Teespring course
and it turned out to be about 15 hours
of recorded content on starting from just your idea
to start on Teespring
to where I was at on Teespring.
Now eventually trimmed this down
to a more digestible course still over on Udemy.
And the cool thing about Udemy
is you get one on one reviews with me.
So if you're in one those courses,
I can help you one on one with your Teespring stuff.
But with that being said,
that's how I started on Udemy.
And by default, this turned into being
my fourth passive income stream online.
And that was teaching courses on Udemy.
Once I put together that first one on Teespring,
it really drove me because people were receiving it well,
and it was very helpful.
Just explaining it in detail step by step,
turned out to be a very effective way to do it.
And what worked for me
was that I could teach this one time,
do it in extreme detail and do it very well.
And then anyone purchasing it from that point forward
would get that presentation.
So there were no on days or off days.
It wasn't like I was teaching it in person
where I was sick that day and couldn't present
as well as the day before or forgot to mention something.
It's all pre recorded,
and perfect for every student going forward.
So once all four of these were kind of established
and running by themselves,
I moved into finding additional ways
to build income streams.
Now the next one for me was an affiliate marketing website.
So I decided to try this out for myself,
and I made a few niche affiliate marketing websites
to see what works and what doesn't work.
Try all these strategies for myself
and see what gets results.
And to date I have one that I focus on,
it's in a specific niche.
And the way that it works is it's about a niche.
So when someone's searching something related
to a niche on Google, my site comes up.
And if you do this properly,
your site will come up for the specific questions
that they're typing in.
Now they're on your website,
and they can get an answer
for what they're searching on Google through your website.
And then in that post,
that you're answering their question,
you can put in links to affiliate products.
Something that's relevant to the question
they were asking.
Something that you've tried,
you actually trust and you recommend,
you can put an affiliate link through that article.
So when someone goes on the reading the article,
and they're like, oh, that product is perfect
for what I'm looking for.
They can click that,
they go over to Amazon or wherever you're referring
that product through an affiliate network,
and they can purchase it.
And then the website they bought it from
gives you a commission for sending that traffic
and getting that sale.
You're gonna get the bulk of your traffic
through Google searches.
They come right onto your website
without you doing anything.
Read the article, get their answer,
and if they like the product,
they click on it.
and they go purchase it,
you get a commission.
That's affiliate marketing in a nutshell,
and just be sure you do this on a specific niche.
If you do it too general.
It's not going to work.
Now in the creating of this niche affiliate marketing site,
I wanted to try a few of my own things
to see if it would actually work.
So what I tried doing
was making YouTube videos instead of blog articles
on the site.
And to see if that would work
for putting an affiliate offer down in the description.
So where this started was actually
doing review videos of different Udemy courses
that I had taken.
I've taken a lot of Udemy courses,
I've done a lot of Fiverr gigs.
I've tried a lot of things
that some people are going to go in
and not know which one to choose.
So I would do a review of that product or that course,
and then put my affiliate link to that Udemy course
or to that Fiverr gig in the description.
So people could watch the YouTube video,
get a real time video review of that course.
And then if they like it,
they can click the link in the description.
It goes right to the course,
costs them nothing extra.
But I get $1 or $2 from Udemy or from Fiverr.
So that turned out to be the sixth income stream.
of the niche affiliate marketing website,
but using the same concept of affiliate marketing
over on YouTube.
And what's cool about YouTube too,
is it's a search engine.
So people are typing in the same thing.
There typing in questions
that they would be typing in on Google,
and finding answers in video format.
That's the only difference.
What's kind of cool too
is Google and YouTube their owned together.
So some of your results on YouTube filter over to Google.
Now moving on to the seventh.
I love this one,
and I wanted to tie it up with this.
This was the last one I kind of found out about,
but that is the Ebates Referral program.
Now hear me out on this one
because a lot of people reject it
before I even get to explain what it is.
But Ebates is a plugin you put on your computer
and as you go shopping on the internet,
coupon codes will pop up and you'll get cash back
when you're buying something.
It's basically to save you money.
However, if you refer someone,
you send your link.
It's basically your affiliate link
or your referral link from your Ebates account
to someone else.
They install the plugin and then they go
and they end up purchasing $25 worth of things online.
That could be in a year from now.
If they use that to save money
and they get money back 'cause they're saving
that cash back at the coupon.
When they spend $25,
they get $10 just from Ebates
and you get $25 for referring them.
So it's such a simple way, it cost you nothing.
But you just make an Ebates account,
share your link with people on Facebook, family and friends.
It's very easy to get 10 people very quickly and it's $250.
But you just share the link with people.
Now, if they don't already have Ebates,
they just click they install it, completely free.
And then once they use it to purchase $25,
they're gonna get 10 bucks,
and you're gonna get 25.
So it's a very easy way to make money online.
And it can be passive.
You do a huge marketing burst in the beginning,
you share it with Facebook everywhere you possibly can.
And you'll get all kinds of people signed up,
and then you just wait.
You wait for them to spend $25 online using Ebates
so they get money back,
and then they will start converting in the future.
It might take a month or might take two months
before they spend $25 online,
but like Amazon is one of the Ebates partner sites.
So when they buy $25 worth of stuff on Amazon
that's gonna count as the conversion.
And then Ebates gives them 10 bucks and gives you $25.
So you do all the work up front
and then you just watch as they convert,
and you collect your money
as they're converting down the road.
So hopefully that shed some light
on the seven different income streams
I was able to create online by the time I was 24
And a couple parting notes,
pieces of advice that I've learned from this.
Are one to diversify.
Build as many of these income streams as you can.
Seven is a good number to aim for.
They say that's actually the average amount
of income streams that a millionaire has.
But seven just a good number of regardless.
And the reason I say this is because
when you're working at a nine to five job,
and that's your only source of income.
It's not actually as safe as we think it is.
As I experienced, you can be fired just like that.
You go to sleep, you wake up the next morning,
you no longer have a job.
And this is common.
I know someone who worked for seven years at a company
and was just fired from their position.
At the end of the day you're working for a business,
and they make business decisions.
A company's not in the business of keeping
your salary just going up and making
you more and more money.
They're in the business of making money,
and that can often be at the expense of their employees.
So keep that in mind.
And when you start to make money for yourself,
you can diversify.
You can put in as many safeguards as you want.
When you have something like seven income streams.
If one of them goes out, you have another six.
And it buys you all that time
to create that seventh again somewhere else.
Or eight or nine or 10.
Depending on how determined you are,
you can create as many of these income streams as you want.
And the best part is you can build them up
as big as you want.
And by having income streams online,
you can use scale to your advantage.
When you go in and work your nine to five job,
there's just one of you.
You can only do so much,
and you're only gonna get paid hourly or whatever it is.
When you have online income streams,
you can scale that.
When you now have 100, 500, 1000
different print-on-demand designs
on each Teespring, Merch and Redbubble,
now you're in scale.
It's not just you going in
and trying to sell one T-shirt to someone at work.
Now you have 500 on each of these things
just floating around for people to buy.
When you start to scale things up,
that's where this online income really starts
to get powerful.
Not only are you financially independent and diversified,
but you can actually make more money
than you ever have before at a salary job.
And I'm saying that speaking from experience.
And the last piece of advice I have on this
for any of you guys that are starting out on this,
is to build one of these at a time.
Don't go in and try to build print-on-demand
and an affiliate marketing site
and a YouTube channel and all this all at once.
It's just too much to focus on.
You only have 100% of energy throughout the day.
Now if you're gonna put 10% of energy
into 10 different things,
that'll be your full 100%.
But you're never gonna grow any of those things
'cause you're only putting 10% in.
What I recommend doing is focusing on one thing at a time.
So it really doesn't matter the order that you go through.
Obviously, I recommend starting with print-on-demand
because you can scale that pretty quickly
and it costs nothing.
But just make sure that you're putting 100%
of your energy into one thing
until it's substantially grown
or built where you're happy with it,
then move on to the next thing.
Alright guys, that's it for this video.
I hope this has brought value to you guys.
If you liked it,
feel free to give it a thumbs up or subscribe.
If you have any questions about any of these things,
feel free to leave them down in the comments.
And I'll see you guys in the next video.