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-   -   Stuck with one stream of income (http://www.sowpub.com/forum/showthread.php?t=4279)

edesigner August 20, 2007 04:49 PM

Stuck with one stream of income
 
Hi,

This is my first post in this forum. I am sure I'll learn many things from the members in this forum & also share my experience with them.

I started my career as a designer. I have worked for different companies, as a freelancer and then started my own company. I joined the IM world to make some online income apart from my regular client jobs.

I am happy with my designing business and also find scope of growth in there. But I have also tried to expand into other IM streams like affiliate mkting, list building, adsense, but nothing did work for me. A big reason for this is meeting deadllines for my client jobs.

How can I set aside time for other income streams, prioritise and start generating some income from the IM? Also what should be the right streams for me to get into? Well I'm not a good writer so creating tons of content is not easy for me.

I would appreciate your suggestions.

Stephen

Ankesh August 20, 2007 04:56 PM

Re: Stuck with one stream of income
 
Hi Stephen,

Thanks for asking.

Here are a few ideas for you:

* creating and selling custom themes and templates
* creating videos while you design a website / brochure and sell the package - teaching others how to create websites
* reviewing designing softwares and making money as an affiliate

Before you do that and create another stream - evaluate your current stream. Can you increase your current designing prices? If you can - you'll increase your earnings without increasing your workload - which is the best solution.

Phil August 20, 2007 08:22 PM

Re: Stuck with one stream of income
 
Stephen,

Welcome to Sowpubs...

Grow your Design business to a point where you have Too much work and switch the Freelancing concept around into your own Creative Outsourcing division... :)

Multiple streams of income can work by Growing your current business Bigger and Wider...
http://www.allfreelance.com/

Make sure you're keeping uptodate within your industry and beyond on News, Technology...

Watch out for the low hanging fruit and those little micro niche ideas and be one of the 1st to Specialize... ;)

Brand yourself and make sure you have a Smart Marketing dept...
http://www.toddand.com/power150/

Designer Hotsheets comes to mind...

Read up on HOTSHEETS throughout Sowpubs and come up with a few Winners...

And let us know about your Specialties... Web address...

As you just Never know who may require your Services...

Phil

Garth August 21, 2007 10:57 AM

Dead Designs Don't Lie!
 
Stephen, you talked about how to design streams of income so here might be way of finding them and this comes from Deming a big shot in managment thinking ...

Anyway he said by far the best money streams come from jumping on unexpected successes and unexpected failures.

Most executives don't see them as opportunities instead they bury them and die away since in their mind it will appear to their peers they've lost control and prone to mistakes.

so start thinking about from your own experience in the design world about when the unexpected happened this is where your money making ideas will come to you.

Finally you are in a free plug zone so you asked a good question you get to include a signature line on something about you. Let us know where we can see your designs or other projects you are working on.

edesigner August 22, 2007 04:34 PM

Re: Stuck with one stream of income
 
Hi,

Thanks for your suggestions.

Ankesh - I like your idea of 'reviewing designing softwares and making money as an affiliate'. But not sure how can I do that. I am already designing custome templates & graphics. I'll also put some thought on the PRICING point. BTW I subscribe to your Marketing Hotsheets and they are really great.


Phil - those are some cool resources. The sites will really help me.
Since I am new to this forum I thought of adding my signature later. I have a site for designing custom graphics, ecovers, minisites, websites - http://ecoverexpert.com I am also launching a site focused mainly on designing Banner Ads - http://design4banners.com (under-construction) I plan to sale some ready graphics or related products thru another site. I'm working on it for quite sometime ... or stuck with it for further progress. Well DesignerHotsheets is a great way to brand .... i hope Ankesh don't mind :)


Garth - you are right, sometimes the most unexpected experience can open the floodgates of success. Identifying & utilising them is the toughest job.

I would appreciate more input from the other members.

Regards,

Stephen

Ankesh August 23, 2007 02:35 AM

Re: Stuck with one stream of income
 
Hi Stephen,

Thanks.

I don't mind the use of "Hotsheets" at all. Mainly because I was the one who stole the keyword from Dien in the first place. And I think Dien borrowed the word from Gordon Alexander :p :D

SimpleGlobalCash August 23, 2007 05:22 PM

Try Different Streams
 
Hello!

This is my first post in this forum.
Thank you for reading this.

I think that if you are starting to work online the best thing to do is to try some different programs that don't require to much money to start.

Affiliate Programs are ideal for that.

Thanks,
Alfonso.

edesigner August 24, 2007 03:17 PM

Re: Stuck with one stream of income
 
Hi,

Ankesh - oh its a 'Chain Name'. So Designer Hotsheet is not a bad idea. May be I'll do a JV with you and launch it someday :)

Alfonso - I'm not sure how good will be an affiliate prog for me bcoz i don't have any high traffic site or a big list to sell.

Thanks,

Stephen

Joetrevison August 27, 2007 07:19 PM

Re: Stuck with one stream of income
 
It is not hard to have several steams of income.

I have:

1.Accounting and Tax practice
2.I do work for a lawyer, doing letters and pdf files etc
3.I have an investment Income
4.I have a joint venture what an Avon partner
5.I have a shopping cart on the net that has my books, public domain books,
software and booklets.

Phil August 29, 2007 06:40 AM

Re: Stuck with one stream of income
 
Stephen...

And those into Doing and Focusing....

Since you were checking out that Pet idea thread...

Here's an idea that might be up your Designing alley... :)

A couple Designers make it Interesting!
http://www.citypetguide.com/index.php?link=contact

Gives you Multiple streams of income... Expandable into Unlimited market places...

A Money making Pet advertising idea... Using a Smart .25 cents Get-in business model...

Don't tell anyone... But Almost a “Free” City Pet Guide business ebook... ;)

Very little competition & Free! Works so well with Consumers...

http://www.citypetguide.com/
http://www.citypetguide.com/media_kit_2007.pdf

Phil


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