The 7 Income Streams I Use to Make $40,000 per Month

💰I have built eight income streams that generate a consistent monthly income of $40,000.

🌐Website templates and marketing templates are passive income streams that require initial effort to create but can generate consistent sales.

🎥YouTube AdSense and sponsorships require continuous content creation and audience growth to generate income.

🛒Affiliate marketing and Etsy stores provide additional income through product recommendations and digital or physical product sales.

📸Selling stock photos and videos is a small but passive income stream that complements my main business as a wedding photographer and videographer.

How long did it take to build these income streams?

—Some of the income streams took several years to build, while others were created within the first half of 2023.

Which income stream is the most profitable?

—My main income stream as a wedding photographer and videographer generates the highest revenue, followed by YouTube AdSense and sponsorships.

How much time and effort do you need to invest in maintaining these income streams?

—The amount of time and effort varies for each income stream. Some, like website templates and marketing templates, require periodic updates and customer support, while others, like stock photos and videos, are more passive once the content is uploaded.

Can anyone start these income streams?

—Yes, anyone can start these income streams with the right skills and knowledge. It may require learning new tools and techniques, but with dedication and practice, anyone can generate income from these sources.

Do you recommend focusing on multiple income streams?

—Having multiple income streams provides financial security and allows for diversification. It is recommended to focus on a few income streams that align with your skills and interests to maximize your earning potential.

00:03I have built eight income streams that generate a consistent monthly income of $40,000.

01:07Website templates and marketing templates are passive income streams that require initial effort to create but can generate consistent sales.

02:54YouTube AdSense and sponsorships require continuous content creation and audience growth to generate income.

04:49Affiliate marketing and Etsy stores provide additional income through product recommendations and digital or physical product sales.

05:50Selling stock photos and videos is a small but passive income stream that complements my main business as a wedding photographer and videographer.