The unfair advantage you didn’t know you could build for yourself
Multiple ways to make bank
Hello dear friend
Imagine this: You have enough money and skills to keep you afloat without a job. You choose to offer services in an activity, X. The beginning is smooth, but suddenly, the industry starts facing issues. Call it the impact of a shift towards AI, global recession, or turbulent markets.
What then?
It’s scary to struggle with that one thing you rely upon to earn your bread. That’s why I never solely depended on selling books or writing blog posts to make money.
As a writer, here are some income sources I strived for:
Sponsorships and collaborations
Freelance writing assignments
Consultations with new writers
Consultations with entrepreneurs
Paid writing gigs
SEO and backlinking
Content marketing and GTM for startups
These income streams help me make the most of each month and ensure there’s never a long, dry period.
I also stay updated with the latest trends and strive to build genuine credibility for my personal brand. This means:
Investing time in social media marketing
Managing multiple business profiles
Making short-form reels and long-form YouTube videos
Learning new tools and technology to stay ahead of the competition
With a healthy mix of skills and industry awareness, you can diversify your income streams.
These multiple sources of income helped me through tough months. Say I don’t get any consultation calls for a month, or my payment from the writing gigs is delayed, I can count on the other streams to generate some revenue.
Diversifying income-generating streams is one of the best unfair advantages to build for yourself. It makes sure you don’t have a dry spell, financially, under all circumstances.
Hope you liked this week’s message. Note that I create this newsletter for you weekly with lots of love. If you’d like to support me, here’s a link to buy me a book.
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That’s all from my end today. I’ll see you again soon. Till then, stay strong. Keep smiling and be awesome.
With love,
Anangsha.