Did you know the average millionaire has seven streams of income? It’s wild because I think most of us think that the road to becoming a millionaire involves putting your eggs in one basket. The reality is that you need to diversify the ways you’re getting profit and that’s by ensuring you have multiple sources of income. I am so passionate about this topic that I could talk about it for days, but I am going to keep in short and sweet in this episode! I cover 4 streams of passive income, how to get into it and what some of the challenges can be! In this episode, we cover:
- Affiliate and brand partnerships as passive income [1:04]
- Leveraging products to sell on social media and Etsy [4:41]
- Instagram coaching journey and network marketing [8:39]
- How selling your own product yields a higher profit margin [12:27]
- My personal experience in network marketing [16:03]
- Where I make most of my income [22:33]
Connect with Mandy on IG: @themandyemerson @thefiercesocialsociety Website: https://www.themandyemerson.com/