The Top Ways to Add Multiple Income Streams to Your Business

by D'Arcy Benincosa

Here’s a question for you… Could you be making more money in your business? The answer is probably YES. In this episode the owner of Refined Co., Marta Locklear joins me in a conversation about how many opportunities are out there for diversifying your income so that you’re no longer reliant on one industry, season, or clientele to make a living. We throw out a handful of ideas to get the gears turning in your mind about the possibilities of making more dolla bills (and some of these require little to no work on your end!) Hit play to discover the possibilities.

Some Ways to Add Income to Your Business:

Diversify your offerings – If wedding bookings aren’t coming in (hello off-season!), you can still make a living doing commercial or brand photography or another form of your craft!
Dabble in stock photography – This is a great form of passive income, and if you find your niche, it could increase your monthly income by 4+ figures!
Sell prints of your work to be used as artwork – don’t let your gorgeous photos collect dust on a hard drive. Either form your own print shop, or research the options for co-op print shops!
Affiliate Partnerships – Get paid to post about things you use and love! If you have a following and your audience wants to know what gear or business tools you’re using, there’s a good chance you could be getting a kickback for every sale made through your referral links.
Consider adding services such as editing, Pinterest, blogging, etc. – If you’re good at it and have the time, do it for others! Learning these skills and being good enough to do it for other people, is a great way to bring extra income into your life.
Do you have a problem in your business that you think others might be experiencing? Consider solving that problem and then offering it to others!

There are so many options out there for bringing more money into your life. It’s time to make a list of your skills and see where you can maximize them to their greatest potential.