Anuj Iyengar

Top 9 Ideas to Build an
Additional Income Stream


Are you a person who is really looking forward to building an additional source of income for yourself? If yes, then you are in the right place! I have made a list of the top 9 methods by which you can create an additional stream of income for yourself, even if you are a student, employee, business owner, home-maker, or are in any other full-time profession.

Any of these could an be amazing, stable Passive Income Stream if pursued diligently. I have chosen these 9 methods due to the reason that the capital investment amount required in these is low and the returns are unfathomable. The best part is, you can work on any of these from the comfort of your house!

So, let’s have a look at what these are…


1. AFFILIATE MARKETING


Affiliate marketing is a process by which you earn commissions for promoting and selling other peoples’ products. It is the best way to earn money according to me, as you can literally earn millions by just sitting at the comfort of your house, and that too completely passively! Although, you have to be careful about one thing: IF YOU DO WHAT THE MASSES ARE DOING, YOU WILL GET WHAT THE MASSES ARE GETTING – EMPTY BUCKETS! You have got to be unique!

If you want to build an unshakable business just by doing affiliate marketing, there is one course that I would highly recommend – Affiliate Marketing Academy. I have purchased this course myself and I have completed it too. It truly has the potential to change your life!


2. NETWORK MARKETING


Network Marketing is a business model in which the person may earn money from both – direct sales to customers and by sponsoring new direct sellers and potentially earning a commission from their efforts.
It is an amazing way to earn income passively. This has such an extraordinary scope that you can quit your 9-5 job and do this full time! There is no cap on how much you can earn through network marketing. The best part is… you earn money completely PASSIVELY! 

I have some known associates who are very successful in this field and are full-time networkers. If you want to know more about this, get in touch with me via email – connect@anujiyengar.com or you can also contact me by sending a message through the Contact Me page.


3. DROPSHIPPING


A dropshipping store is an online marketplace where you can sell your own or someone else’s products according to your own will. Opening your own dropshipping store on Shopify is actually a piece of cake.
Click here to access a step-by-step program that will show you how to start your own dropshipping store. The investment amount is almost negligible and the profits are unlimited! This is an option I would definitely recommend trying out right now!


4. STOCK MARKET TRADING


Many of my friends and known associates are investors in the stock market and I can tell this hands down, YOU CAN LITERALLY EARN A FORTUNE BY BEING A STOCK MARKET TRADER OR INVESTOR. I strongly recommend you to learn how to trade, as there is no ceiling as to how much you can earn in the stock market. You have to be careful though. You can lose money as quickly as you can earn it too! Patience is the key.

 

5. STARTING A YOUTUBE CHANNEL


You can start your own YouTube channel completely for free and post videos to build a social following. Just chose a particular Niche about which you would like to make content. Chosing a niche is important because that is what you will be known for in the digital space! So, my suggestion is, pick a niche / topic that you LOVE to talk about. This will help you in the long run and will also keep you motivated.

YouTubers get paid through the way of advertisements. You just need to be careful about the content you are willing to offer. You must keep three questions in mind before you create your content:

  1.   Would I watch and recommend the content myself?
  2.   Can people relate to and understand my content?
  3.   Am I providing value or an amazing experience for my viewers?

To know the earning potential of your YouTube channel, visit the influencer marketing hub.


6. CREATING DIGITAL COURSES


The best way to make it big in the Digital Coaching Industry is to create your own Online Community and focus on providing value to them through your knowledge & courses. The digital coaching industry is going to experience a HUGE Boom in the coming years. After the pandemic, the world would never be the same as we know it to be. People will be more inclined towards online education and learning. You could ride this wave to make it to the top if you are willing to put in the efforts!

If you are interested in creating your own digital courses, I would recommend you to get in touch with Siddharth Rajsekar. He is a lifestyle coach who teaches people how to be digital coaches. He is also one of my mentors who has helped me in my journey.


7. WEBSITE CREATION

7. Website Creation


If you are a techie or have experience in creating websites, you are lucky. In the current generation, every company has to be on the internet! You can get paid as high as 1000$ for creating a website for a well-reputed company. But before you create an amazing website for others, you should have some experience yourself and you should have your own website! If you are a beginner and you want to create your own website, you can also use these platforms to build your own websites without a lot of hassle: 

  1. WordPress
  2. Wix


8. FREELANCER


A freelancer is someone who doesn’t work for one company full-time but is hired by different companies for certain jobs. For example, a magazine or website will have a core team of editors who hire freelance writers to write articles, or a TV production crew might hire freelance cameramen to work on one series of programs
. Freelancers are in high demand by the companies in today’s date. You just need to know your interests and develop them as skills. That is all you need to be a freelancer! One of the best ways by which you can start earning as a freelancer is by registering yourself on Fiverr.


9. AMAZON KINDLE PUBLISHING


Amazon kindle publishing is a way by which you can publish kindle versions of famous books on the amazon store and get paid a specific amount of commission for every sale. You can also publish your own book’s Kindle version here. The best part is that enrolling for this program is completely FREE of cost and you get to learn something new too. The pay is comparatively less but you can try it out. Try it out here:
Amazon Kindle Publishing

Which one did you find the most interesting and appealing? Let me know in the comments section below 😉  

Also, if you are not yet a part of my exclusive community, make sure that you join it by clicking on this link – Digital Entrepreneur’s Hub

17 thoughts on “Top 9 Ideas to Build an Additional Income Stream”

  1. Archana Iyengar

    Very useful information and definately required for now days a situation. You have given the choices for options to earn learn and own.

  2. Srikant Iyengar

    Amazing inputs. Very concise and to the point. Each of the 9 streams has the potential to build a fortune for someone who’s serious about making it big. Loved the resources given for each one, absolutely Gold.

  3. Pankaj Pandhi

    Awesome consolidation Anuj and great learning from each steps.A truely valued n defined path.kudos to you for fantabulous sharing.A must for one who want to bring change to 3%.

    1. Thank you soooo much Uncle! It means a lot 😀. I agree with what you said. To get into that 3% category, one must find a way to make money while they are sleeping. And these are some of the ways in which that can be achieved.

      1. This was really helpful! Great job! Especially like the amazon kindle publishing option. Have a lot of books which we dont read anymore, so that is a great of sharing it with others and earning returns on it! Thanks!

        1. That’s awesome Suniti. The number 1 key to success is reading books. And I have never seen you without a book in your hand. That’s just amazing!! Most happy to help 😀😀

  4. Yogesh Belekar

    Very well compiled Anuj.
    I strongly believe that everyone must have all of these 9 areas as earning sources and create MSI in true sense.
    You made the job much easier….
    Thanks a lot for sharing and all the best 👍

    1. Thank you soo much! Yes I completely agree with you. One income stream is risky, but having multiple of those is amazing! That’s the best way towards financial freedom. 😀😀

  5. Aryan Shrivastava

    Very well concised and explained. A great tool for college students who want to earn their own income while pursuing education.

    1. Thanks buddy!! That was he main aim of writing this. To provide tools for us college going students using which we could build an additional stream of income 😀😀

  6. Hrushabh Chaudhari

    All points very well explained!! Nice work.
    I would request you to speak something on eSports also that is also an exceptional idea to earn money. Many youths today are earning tons out of it. eSports is not that popular or not well aware compared to Sports career. I would like if youth now a days look this as a career option as well..😊

    1. I have not spent a lot of time on learning more about eSports Hrushabh. I will for sure gain more knowledge about it and will also provide value regarding the same. Thank you sooo much for your feedback and an amazing new opportunity and insight 😀😀

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