My Passive Income Journey- The First Steps!
I read a quote once (I don’t remember where) that said a millionaire has at least 7 streams of income. That has lodged somewhere deep in my brain and refuses to budge.
It’s 4 May 2021 and I am currently at 2 streams of almost income.
The goal is to be completely reliant on passive streams of income by hte end of 2022 but we’ll see how that goes. In order to manage that I first have to make $1. And then $10. And then $100. And so on.
How will I reach that goal?
By having as many streams of income as possible, that’s how!
Print On Demand
In March I opened a RedBubble store and as of yet I have 74 designs uploaded and a whopping 16 sales. 6 of which were me buying stickers and the rest friends and family, so…technically my actual sales from actual people are actually zero!
I also signed up for a UK based fabric Print On Demand service today but had some trouble saving some things so I called it a day. I haven’t done much on there at all apart from make a basic profile and sign up for an account. Once I get some things sorted, I can repurpose some of my designs from RedBubble.
There are other sites like Spoonflower for fabric designs/ surface patterns. I love to sew, knit and crochet so I’m drawn to the fabric sites! I made a Spoonflower account too, but the same applies as above. I’ve just been focussing on RedBubble a lot lately.
And another site I joined is Shutterstock, not sure if that’s print on deman exactly. I uploaded a few photos, not a great deal, as I mostly wanted to have a look around the site, but now I’ve figured out how to do it, there’ll be more coming very soon!
However, since you only get a few cents per download per photo I believe, well, it might take me a while to make any meaningful money from Shutterstock. But it’s a start, right?
There are also other Print On Demand sites such as Teepublic, Society 6, Zazzle…there’s millions of ’em. I’ll have to see about which ones would be a good fit for me!