do you have multiple streams of income?
Let’s face it, there may be times when your revenue from your handmade business is not enough.
So what do you do?
In this episode we talk about different ways to add new income streams so you can continue pursuing your handmade business dream.
~ Jess, Mik & Deb
In this episode we cover:
- The assumption that if you’re not making a full time living from your handmade business means you’re not successful is entirely false
- It’s ok to have a different revenue stream that is different from your handmade business like a part-time job
- You are not defined by your work
- Do the numbers before deciding to do something
- Reasons why you need to think long term when deciding to run your handmade business before it becomes a success
- Examples of possible different income streams related to specific niches
- Different income revenues related to sewing: teaching online or offline, selling digital patterns, selling on different patterns, alterations
- Consider selling on several online platforms to get traction
- Why tracking where you sell on different marketplaces is a must
- What to consider when you want to add a new revenue streams
- Being clear on why your want to have multiple ways to bring income
- What to avoid when looking for different revenue streams
- The pros and cons of being a graphic artist offering multiple choices to customers
- Paradox of choice
- Different income revenues for graphic artists: custom work, creative market, templates for anything, brochures, create typefaces, tattoo flash
- Sign-up for freelance platforms
- Selling stuff related to your handmade products
- A few lists of unrelated income streams
- The importance of your keeping mental space free when choosing a part-time job that’s unrelated to your business