The Beauty of Multiple Streams of Income
I’m trying to remember a time when I only had one job.
You see, I’ve always worked a variety of odd jobs. I helped my parents flip houses from junior high through high school, then I worked in a coffee shop, a mall, my college, a restaurant, another restaurant and another restaurant, all while nannying and painting on the side.
And I think there’s something awesome about realizing that your money doesn’t have to come from just one place.
I think that’s pretty freeing as well.
And don't for a second think that I'm bragging, gloating about how rich I am.
I'm neither. (Gloating nor rich).
Even now that I have FemmeHead, my money I make through that doesn’t come from just one place either. And I think that’s a big misconception/confusion people have when wanting to start an online business.
I know I was really confused for a long time how people made money online.
So, I wanted to break down all the various places I currently have money coming from.
Let’s start with FemmeHead:
+ I make money when people take/buy one of my courses.
+ I make money when someone does 1-on-1 coaching with me.
+ I make money through affiliate codes (such as Amazon, Daysy, and RubyCup).
+ I make money from YouTube through ad revenue. It starts trickling in at a few cents a day, then a few dollars a day, and so on. It took me a year on YouTube before I had that cents to dollars jump. And over the past month YouTube has been struggling with advertisers so I've seen a 50% cut in my revenue from them.
None of these things on its own could even come close to being able to support me. With all of them combined I almost have enough to get by.
This is where you have to make the decision to find other sources of income. And when you’re starting off there shouldn't be that embarrassment of “Well, I work here."
For me this used to be waitressing. And I struggled talking to people about where I worked. I had a lot of internalized guilt and embarrassment when it came to this.
I absolutely dreaded the question, “So, Victoria. What do you do?"
We all want to have some super cool, super professional answer to this.
And the sucky part of this is that I actually really enjoyed working there. I just really got bogged down with the judgemental looks, and “oh, so where do you go to school?” (assuming that's the only reason I would work there). Things like that.
Now, that I quit waitressing, but I’m not quite to the point where I can fully support myself just with FemmeHead, I’ve had to look into other avenues of making money.
And yes, believe me this is a point of stress at times, but I try to look at it as a fun challenge.
This has involved both creating new parts of FemmeHead, as well as using skills I already have outside of FemmeHead.
I’m constantly creating new things for my business, (I’m currently working on merchandise and a workshop). And I have started painting houses on the side.
One of the perks of living in Des Moines is the cost of it all is fairly low in comparison to other parts of the country. I hear what people pay for just rent in some cities and I’ll just about choke on what I’m eating/drinking.
And because I live with someone, our costs are all pretty much split, which makes things like rent and groceries really manageable.
So I guess what I’m saying is that you have to look at the big picture.
What are your necessities? Are there certain expenses that you view as "must haves" but really could be cut back on a bit?
Don’t limit yourself to one “job". I know this is nothing new. People work two, three jobs all of the time.
Use the skill sets you have and build on them.
And don’t be embarrassed by what you do. I spent too long with a lot of anxiety built up around all of this. But as soon as I decided to "own it", life became much more enjoyable.
[Potentially sad news: I have been reassessing FemmeHead this week. At the end of the day it is my business and livelihood, so with the ad revenue issues on YouTube, I'm most likely going to have to take a step back a bit from videos, and focus more of my time elsewhere. But I don't want to stop making videos all together. I wanted to give everyone an opportunity to support what I do on YouTube. If this calls out to you, go check out my Patreon page to see how you can support the work done at FemmeHead.]