Given that this is not the conventional approach for someone in their early twenties, I’d like to explain how I was able to do it, as well as why I made the decision to do so in the first place.
Everything began when I was roughly 18 years old and received my first professional position. When I was twenty-one years old, I began working for a new company that had only been in operation for a few years. I remained with the company for four years. When I was twenty-one years old, I was completely reliant on this money.
I was making seventeen dollars per hour, plus commission, so I was doing alright financially at the time. But then my employer received an email stating that she had been fired from her position, which implied that I had also been fired.
So, out of nowhere, the next morning, I woke up to find that I had been fired from my job. Since this was my sole source of income, this came as an unexpected and unwelcome shock, especially since I had no prior knowledge that you could be fired at any time.
I didn’t expect you to be noticed in that manner, without any further explanation. Because I was unemployed at the time, I had the impression that I would be able to arrange things ahead of time.
The time came when I needed to look for a new job, which I did, and I was about twenty-two years old at the time. I didn’t want this to happen again, so I vowed to myself that it would never happen again.
It was as a result of this that I started looking into different ways to make money online in a more proactive way. How are you going to keep this safe? What methods do you use to extend your horizons?
What can you do to avoid being fired and losing your career as well as your financial security? In order to supplement my income while working in this position, I began researching other avenues for income generation. However, because I lacked the financial means to invest in real estate, I was unable to do so. As a result, I was unable to invest in the stock market.
I didn’t have any money to invest right away, so I had to come up with creative ways to put my skills or labor to use, something that would allow me to put in the time now while earning money in the future.
Consequently, to cut a long story short, it was at this point that I began the transition from working a single job to diversifying and generating revenue streams through the internet.
To summarize, I only stayed at that job for one year before switching to internet income streams when I was twenty-three. Now, I’m twenty-four and completely independent of any job in terms of financial security and independence. And the irony is that I’m now earning at least five times what I was making on a salary when I started out.
So I’m glad I went through this transition, and I’m simply sharing my experience with you in the hopes of assisting you in your own journey through it. Before I get into the specifics of the six revenue streams, I’d want to offer one piece of advise to those who are interested.
That is, if you are currently employed and are planning to go through this transition with your company.
Don’t give up on the ship too soon, though. At the very least, you should build a raft. To put it another way, you are now aboard a ship. Simply getting started will provide you with a steady stream of income that you can count on.
The day has come that you have decided to resign from your job and figure out how to do it on your own. You don’t have any money on you at all. You don’t have any information to work with. You’re going to die from suffocation. As a result, you’ll need to build at the very least a raft.
Begin by carrying out this action. You should start doing some of the things I’m going to describe in this article as soon as possible until you have a reliable source of income.
You will have a raft even if the amount is less than the total amount you earn at your job. Does your business have something that will allow you to float as you continue to build it up, and then you’ll have another ship on which you can rely to generate income?
Begin doing these activities as soon as you leave work and continue until you have something into which you can seamlessly transition.
That’s fine with me. Hopefully, you now have a clearer understanding of what is going on in this situation. Look at the six passive revenue sources that I was able to create. They are as follows:
STREAM NUMBER ONE
This is the first one I would recommend to someone who is just getting started. Teespring, as I’ve previously stated, is a web-based service. Teespring is a print-on-demand website where you can, in essence, design your own graphics and have them printed.
Use of any paid software is not required for this to be accomplished. You can do it for absolutely no charge. T-shirts, mugs, and other pieces of apparel can be designed without the need for an artistic or creative background. There are several tools available to aid you in creating snappy, trendy designs for T-shirts, mugs, and other items of apparel.
It is then uploaded to Teespring, which creates a virtual listing from which others can purchase it. They are the ones who are responsible for paying for everything. Teespring will take care of printing and shipping for you. It takes care of customer service and deposits profits into your account, which you can then use to pay out to customers.
Because there is no initial investment required, this is an excellent option for everyone.
It’s as simple as looking for ideas on the internet, creating them, then uploading them to Teespring to start selling. After work, you can spend an hour every day and come up with five, six, or even 10 different designs.
Teespring allows you to upload your designs. You’re starting to make things worse. If you keep doing this for a while, you’ll soon have over a thousand different designs available on Teespring while still working your full-time job.
Even though you won’t have to worry about it directly, it will be profitable in the background. As soon as you get home, log into your bank account to see how much money you earned through Teespring.
STREAM NUMBER TWO
Amazon’s merchandise is available for purchase.
As a result, after I learned that I could accomplish this on Teespring, I proceeded to look into it more thoroughly. This print-on-demand item would be impossible for me to execute any other way.
And this resulted in the creation of my second passive revenue stream, which consisted of Amazon merchandise. What I realized is that Amazon can be found almost anywhere.
In contrast to Teespring, they are created to order and printed on demand. Amazon’s Merchandise by Amazon initiative is just that: a program. What’s even great is that the similar designs that you publish to Teespring will no longer be exclusive to your account. Such designs can be submitted to Amazon’s retail shop for sale.
For the time being, you’ll simply receive free traffic from individuals searching on Amazon for similar designs, and they’ll purchase your products as well.
The fact that they didn’t see the item on Teespring, but saw it on Amazon suggests that they are unfamiliar with the company. Increase the quantity of money you have in your possession. Every design is completely free to begin with, and you can easily increase the number of designs you have by adding additional designs.
In the end, I’ve established two passive income streams, and you can do the same if you want.
STREAM NUMBER 3
As a result, we’ve reached the third source of passive income in our series. There’s also Redbubble, which is similar to Teespring and Amazon’s Mirch in that it sells handmade goods.
Teespring is another well-regarded print-on-demand company that is non-exclusive, which means that you may submit your Teespring merch by Amazon designs to Redbubble as well as other print-on-demand sites. Currently, I have three passive income streams, all of which are earning money with identical designs, demonstrating that you can achieve the same results as I did with relative ease.
Having three streams of passive income is a fantastic way to transition from working a full-time job to having three streams of passive income. After all is said and done, you’ve created three passive income streams that you won’t have to worry about once the designs have been made available.
To be sure, there are more things you can do in terms of marketing to increase print-on-demand sales than you can count on one hand. Using this YouTube video, you’ll be able to walk through the process step by step.
So there you have it, your first three, and they are the same three that I began with. So after putting in some effort and starting to generate a reasonable amount of money from print on demand on these three sites, it was a life-changing experience for me.
You weren’t supposed to be making this much money and doing nothing as a twenty-three-year-old, especially given how passive your job was to begin with.
As a result, at this time, I wanted to share what I had learnt with as many people as possible. So I began at my place of employment, where I hoped to gather groups of people and educate them on the Teespring platform.
Those who were interested could have come to a meeting where I would demonstrate what I was doing, which would have been completely free of charge. It was just a curiosity for me to share this information with others and see how they reacted, that was it.
This is what happened: the university prohibited me from doing this because it was not a part of their course curriculum. So, what happened?
STREAM NUMBER 4
And I believe that was in opposition to some of the things that were being taught in university lectures at the time.
This necessitated the necessity for me to develop a new method of communicating this knowledge. And it was at this point that one of my friends introduced me to Udemy, and I soon after began offering courses on the online learning community.
It’s a course platform that allows you to put up a course and sell it for a reasonable price. It’s also a convenient way for customers to purchase a package course that covers a lot of material quickly and easily.
When I launched Teespring, I prepared the very first course, which ended up being approximately 15 hours of recorded content that covered everything from how to get started on Teespring to where I was at in the Teespring journey.
Over time, I reduced my course down to a more reasonable size, which is still available on Udemy today.
Additionally, the nicest part about Udemy is that you will receive personalized comments from me. So, if you’re enrolled in one of those seminars, I can provide you with one-on-one assistance with your Teespring needs. That being said, that is the method through which I got my start on Udemy.
The result was that teaching courses on Udemy became my fourth online passive money stream, which was created by default.
As soon as I finished the first one on Teespring, I was tremendously driven because it appeared to be well-liked and was quite useful.
Everything turns out that simply explaining it in its entirety, step by step, was a really effective technique of accomplishing this goal. The fact that I could teach it only once in great depth and to a high standard worked well for me in this situation.
Following that, everyone who purchased the item after that would receive the presentation. It followed as a result that there were no on- or off-days. The situation wasn’t that I was teaching it in person and was unwell on the day in question and couldn’t make it, or that I had forgotten to mention something the day before.
It’s all been pre-recorded and is ready to be accessed by any and all learners in the future. When all four of these were up and running independently, I began my search for other opportunities.