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Money Saving Mom®

Intentional finance. Intentional family. Intentional business.

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10 Ideas to Earn Multiple Streams of Income

multiple streams of income

Guest post from Melodee of MelodeeCurrier.com

A friend of mine travels 50 miles a day to a job she doesn’t like — she’s waiting for the day she can collect her pension and social security. This woman is an artist and a great home stager, yet she spends her days gritting her teeth at a job she can’t wait to leave.

In my opinion, life is too short to spend time waiting for tomorrow.

I left corporate America in 2008, to start a virtual trademark paralegal service. The first day I opened my “virtual doors” I thought my phone would ring off the hook. When it didn’t, I needed to find additional ways to make money. I remembered the term “multiple streams of income” and decided to put that concept into action.

Multiple streams of income are ideal for anyone who has the talent, energy, and ideas to put them into action. When one profit center fails to generate the income you require, you can take the energy you were spending on that profit center and put it into the ones that are still working. Once you know how to develop multiple streams of income, the time you put into them is minimal.

The advantage of having multiple streams of income is you don’t need to devote all your time and energy to each and every profit center. And it enables you to enjoy life and try new opportunities while income is still coming in from different avenues.

One of my friends puts this principle nicely to work by having a part-time job at a fabric store, teaching sewing workshops, creating and selling beautiful jewelry and doing clothing alterations.

The magazine business is a good example of how multiple streams of income work in traditional business. They sell magazines in stores and by subscription, they often sell subscriptions to online magazines, and they sell advertising space.

If you believe the concept of multiple streams of income may be for you, there are many ways to decide on your profit centers.

Start with an open mind and make a list of all the things you like to do.

From that list, choose those that fit your interests and personality. You may have certain skills and training that will guide you in certain directions.

From the remaining list, pick the top three that would bring you the most joy. Those are the profit centers you should begin with, adding more when you are able.

Since you may not generate sufficient income at first, you will need to devise a plan to meet your expenses. The most obvious is to save as much money as you can before you start your profit centers. Also, a second income, such as a spouse’s income, a part time job, or a temporary assignment with an agency are additional options for you.

It may take some time for the income to start flowing from your profit centers, but once it starts, it should continue. You will need to be focused and have patience during this time.

Here are a few different income streams for you to consider. The possibilities are only limited by your imagination!

1. Services:

Ideas in the area of services include babysitting, assisting elders, pet sitting, house sitting, house cleaning, snow removal, lawn mowing, a wake up service, a clipping service, typing resumes or papers for college students.

2. Internet:

Websites can make their money from more than one product or service. Also pay per lead or pay per clicks can be profitable — you will need to have a blog or website for this.

3. Virtual Assistant:

As a Virtual Assistant, you can assist clients all over the world from your computer.

4. Photos:

You can sell your photos to a website. After you take the photo you can sell it as many times as you wish. You can also do this with DVD, eBooks or podcasts. Your photos can make money for you while you are sleeping.

5. Real Estate:

Investing in real estate requires money, however, the potential is great.

6. eBay Store:

You can purchase products to resell on an online Ebay store or on your own website.

7. Website Designing:

There are many options online to learn how to be a Website Designer — and you can earn a good income.

8. Freelance Writing:

If you are a writer, you can write for magazines, write a book, create text for a website, or teach writing classes.

9. Investing:

Retirement plans can benefit from multiple income streams. Great investments will continue to gather rewards for many years to come. It can be fun and profitable to research and buy stocks, especially those that have dividends. Start with inexpensive and safe investments and the returns become a profit center. Put your multiple income streams into a high interest account to make even more money.

10. Mail Order:

You can sell many things by mail order, such as recipes, booklets, kits, handmade jewelry. The sky’s the limit. Just get a post office box and a PayPal account, put an ad in a newspaper or on Craigslist, ship the merchandise, and wait for the money to appear.

Miscellaneous:

Some other ideas to consider are: entering sweepstakes, especially those online, raffles, contests, lottery tickets, winning TV or radio call in prizes and using coupons. And don’t forget to go to the grocery store that gives you gas perks and/or food perks for shopping.

Hopefully some of the above ideas will resonate with you and you can begin to earn multiple income streams too!

Melodee lives in Dublin, Ohio, with her husband and two Siamese cats. She left corporate America in 2008, where she was an intellectual property paralegal. Since then she has devoted her time to writing and has had numerous articles published on a wide variety of topics. Her articles can be read on her website.

photo source

Inbox Dollars: Get paid to read emails, take surveys, search the web, and more!

Sign up for Inbox Dollars and you’ll get paid to read emails, search the web, take surveys, and more. I loved earning free gift cards from Inbox Dollars when Jesse was in law school and I had a lot more time than money.

Sign up here to get started.

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Looking for more opportunities to make money from home? See my list of recommended survey companies here.

(Note: The links in this post are affiliate links. Read our disclosure policy here.)

Amazon.com: Up to 43% off LEGO City Sets!

Get Up to 43% off LEGO City Sets right now on Amazon!

The LEGO deals just keep rolling in! Check out all of these great prices you can get on LEGO City Sets right now:

Thanks, Passionate Penny Pincher!

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More LEGO Deals that are still available:

(Note: The links in this post are affiliate links. Read our disclosure policy here.)

Why I LOVE HGTV Magazine (+ get a subscription for just $10/year!)

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It’s BACK, and I am so excited to see this deal again!

Through this weekend only, you can order a one year subscription to HGTV magazine for only $12.99 or a TWO year subscription to HGTV magazine for $19.99 when you use coupon code MONEYSAVING at checkout.

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I have completely surprised myself this year by loving . Someone gifted me a subscription earlier this year and I didn’t think I would really like it, but I have fallen in love with it.

I adore the beautiful pictures, it motivates me to add more beauty to our lives, and it inspires me to be more creative in decorating our home.

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This would make a great gift for yourself — or for a friend! You can even use this great offer to renew your existing subscription!

Sale ends 9/18 at midnight EST.

(Note: The links in this post are affiliate links. Read our disclosure policy here.)

Get our “You Are Enough” bracelet for just $11.95 shipped!

Get a "You Are Enough" bracelet for just $11.95 shipped! (And many other phrases are included, too!)

Cents of Style has their Script Cuff Tribe Bracelets on sale for just $11.95 shipped when you use coupon code TELLIT at checkout.

Included in this sale is our “You Are Enough” bracelet. This phrase You Are Enough has come to have significant meaning in my life. In fact, I truly believe it to be one of the most important messages you will ever hear about yourself.

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Valid through September 21, 2016.

And don’t forget that today, September 14th, is the last day to grab a “You Are Enough” tee for just $15.95 shipped!

(Note: The links in this post are affiliate links. Read our disclosure policy here.)

New Starbucks VIA Coupons!

Starbucks Pumpkin Spice Via

There are several new Starbucks VIA coupons available to print this morning:

$1.00 off one Starbucks VIA Iced Coffee
$2.25 off any 2 Starbucks VIA Instant Coffees
$1.00 off one Starbucks VIA Latte
$1.00 off one Starbucks VIA Instant Refreshers
$1.00 off one Starbucks VIA Black Coffee

Hurry and print these before they disappear!

(Note: The links in this post are affiliate links. Read our disclosure policy here.)

Amazon.com: The best online grocery & household deals this week

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Here are some of this week’s best grocery & household deals from Amazon.com, courtesy of Terry and Mandi from Jungle Deals & Steals. Many of these prices are higher than what you’d pay by combining coupons with sales, but they may be good deals for you if you live where there aren’t many stores or deals are scarce:

Beverage

  • Pepsi: Get a 12-pack of now, for as low as $9.75 when you combine the available coupon with Subscribe & Save!

Breakfast

  • Kellogg’s: This 32-count box of is available for as low as $5.95 when you purchase through Subscribe & Save!

Diapers & Wipes

  • Huggies: Get for as low as $27.94 ($0.18/size 4 diaper) when you purchase through Subscribe & Save with Amazon Mom & Amazon Prime.
  • Aveeno: This pack of 2 is available now for as low as $4.56 ($2.28/8-ounce bottle) each when you purchase through Subscribe & Save!

Health & Beauty

Household

Pet Care

Terry & Mandi are a busy mother-daughter team that. look for ways to save money without sacrificing a lot of time, and they share their love for all things Amazon.com at Jungle Deals & Steals.

Target: Clear Care Rinse & Go Solution for just $0.99

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If you wear contacts, you can get a great deal on contact solution at Target right now:

Buy Clear Care Rinse & Go Solution at $7.99
Use 25% off Cartwheel coupon
Stack with $5/1 printable
$0.99 after coupons

Thanks, Freebie Shark!

Free Meow Mix Cat Food and Treats

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Sign up for three free Meow Mix cat food and treats coupons. You’ll receive the following coupons by mail:

  • Free Bag of Meow Box Cat Treats
  • 2 Free Meow Mix Classic Paté Wet Cups
  • $2.50/1 Meow Mix Cat Food

Thanks, Freebie Shark!


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