How to build two $10,000+ per month income streams in less than a year?

Learn how you can build two $10,000+ per month income streams in less than a year, even if you’re starting with no money, no skills, and no connections.

1. Pick & Study A Skill

There are tons of skills to choose from, but you probably want one that creates profit.

Examples: - Copywriting - Media buying - SEO/blogging - Conversion rate optimization

Ones that save money or time are good too.

2. Build An Offer

Having a skill isn’t enough though.

You need to turn it into an offer with a specific audience, tasks, and deliverables. For example, copywriting could turn into writing and A/B testing landing pages.

Whatever you choose, it should probably recur monthly.

3. Do Cold Outreach

Getting leads with your content is awesome, but it’s not feasible for most beginners.

Instead, do cold outreach at the start. Email, LinkedIn, Twitter, and Instagram can all work.

It depends on your offer and audience.

4. Work For Cheap Or Free

Most businesses won’t want to give a total beginner $2k+ per month.

Sidestep this barrier by working for a heavy discount or for free.

This will get you case studies and confidence to build off of.

5. Raise Prices & Scale

Once you have skills and proof, it’s time to raise prices.

See if your cheap/free clients are willing to pay more, and do cold outreach to add to your clientele.

If you want, you can start hiring and scaling from freelancer to agency owner.

6. Build A Personal Brand

Next, build a personal brand around your skill.

This will attract more leads for your service business.

It’ll also get you an audience that you can monetize in different ways.

7. Monetize It

Some popular monetization options for personal brands…

- Courses - Cohorts - Communities - Software tools - Paid newsletters - “Done with you” services

Pick one or two and use them to build your second income stream.

Conclusion:

First, you get skilled.

Then, you build your first $10k/month income stream as a freelancer. Then, you build a personal brand and turn that into a second income stream. There you go.

Two $10k/month income streams in less than a year.

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Credit Source: Tim Stoddart