How To Build A $1000+ Per Month Income Stream (And Grow It)

21 Jun How To Build A $1000+ Per Month Income Stream (And Grow It)

alt='Build a $1000 per month income stream'Goal: How To Build A $1000+ Per Month Income Stream (And Grow It)

I remember when I was sitting on a beach in Boracay, the Philippines a few years ago (great beach by the way, you should go) and thinking how cool it would be to make money online.

I was taking in the view, the water, the people and just dreaming about how cool it would be to have my own business online…

Fast forward a few years and I now do make enough money online to live off. I finally made that dream come true and it’s a great feeling!

But how do you actually build a $1000+ per month income stream?

Well I’ve learned over the years that it takes some persistence, hard work and determination but if you want it enough then you can have it.

I wanted to show you my recipe for what I believe to be one of the best strategies to make money online.

Of course there are tonnes of different strategies out there but I want to show you my way and how I’ve done it and hopefully you can take something from it.

First of all there are 3 stages to building and growing this income stream.

Stage 1 – Choosing your weapon and learning it

Stage 2 – Jumping in 100%

Stage 3 – Building, immersing yourself, owning it and outsourcing

So let’s go over each stage and the basic recipe for each one.

Watch the video or read the blog post below

Stage 1 – Choosing your weapon and learning it

The biggest key here I believe is to choose a platform to start selling on.

A platform is where the buyers and the credit cards are so you want to get in front of those people.

There are many platforms out there like Udemy, Amazon, Etsy, Ebay, itunes for apps etc.

You need to choose one that is best suited to you.

Maybe you want to develop apps on itunes or maybe you want to sell a physical product or ebooks on Amazon?

So choose something that is well suited to your personality, budget and what will resonate with you the most.

Stage 2 – Jumping in 100%

Ok so next step is to learn it, and when I say learn it, I mean 100% all in.

Join a mastermind, take some courses, read some books or hire a coach. The more you can do the better.

A lot of people skip this step and just want to jump in head first. Don’t do that.

Take the time and money to get some proper instruction first. If you do this you will actually save money long term and have more success.

And the quicker you have success, the more it will spur you on.

I highly recommend you hire a coach to, if you can afford it. Mainly because they can impart years of knowledge to you in a few hours.

It all depends on how you learn the best.

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Stage 3 – Building, immersing yourself, owning it and outsourcing

After you have taken in as much information as you can, you need to get started.

This is a spot where a lot of people actually do stop and get analysis paralysis.

It’s important you take action! Not just a little step, but take massive action.

Try not to worry about everything being absolutely perfect, just focus on getting something out there and adjusting as you go.

This is also a time where you will hit certain problems and get discouraged. Let it pass. Problems will always happen regardless of what you do.

At this time also, a lot of people get shiny-object-syndrome. This is where you see the next new shiny course or thing to make money and then start doing that.

Again, try not to do that!

Just focus on the one thing and really hunker down on it.

The great thing is once you do get going and you’ve built up some momentum then you can get some help with outsourcing.

People can be hired in the Philippines for as little $3-5 an hour and they can be quite competent.

This can be a great way to take away the jobs you hate and just focus on the things you know you need to do like all the creative stuff.

I heard some great advice at a seminar lately where the speaker said;

“Outsource your admin and you do the creative work.”

So make sure to put systems in place as soon as you can afford to, so that the business can run and grow if you aren’t there.

This is something that I didn’t do early on and wished I had…

Anyway so that’s the basic process of how to build your first $1000+ per month income stream.

This is exactly how I did it with Kindle books on Amazon.

I started small and just figured out how to make my first $1 and then I scaled it up.

Then I kept going till I made $2000 a month, then $3000, then $4000 and so on…

Of course this is just the beginning, there is much to learn as you go along but the point is that you just get started.

 

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