Q&A: Is It Time To Have Multiple Streams of Income as a Content Creator? | Minisode #7

Full-Time Influencer Podcast

Tina Lee

Education, Business, Entrepreneurship, Marketing, How To

5 • 673 Ratings

🗓️ 23 March 2023

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Every Thursday, I answer questions about anything and everything about being an influencer. Today, I am answering a question from a content creator about diversifying your income streams. In this episode, I share tips on how you can create new income streams as a content creator, when to know if it’s time to diversify, and common mistakes that you should avoid if you’re planning to develop a new income stream.

Welcome to the Full-Time Influencer Podcast. I'm your host Tina Lee (@tinalee) I'm sharing some of my expertise and industry information, to help you decode social media, and create content that helps aspiring creatives like you become full-time influencers so you can also do what you love for a living!

👉 Got a question you'd like me to answer? Submit yours HERE!

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Timestamps:

(1:15) Don’t put all your eggs in one basket

(5:25) Choose one income stream that is the most achievable for you

(14:34) When is it time to add another income stream?

(16:37) Common mistakes that you should avoid as a content creator

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Transcript

Click on a timestamp to play from that location

0:00.0	The beauty of being a creator is that once you've developed a tight-knit community,
0:04.7	no matter what size, you're able to monetize that in many different ways.
0:10.2	Diversifying your income stream as a creator, if you think about it,
0:14.0	is much more streamlined and easy because ultimately it's all because of your audience,
0:20.4	the platform that you have. It's all related
0:23.1	that one single source of traffic. Welcome to the full-time influencer podcast. I'm your host
0:29.2	Tina Lee and I'll be sharing industry knowledge and social media tips through weekly
0:33.0	interviews with established creators and Q&A sessions. Our goal is to help you decode social media,
0:38.7	become a full-time influencer, and do what you love for a living. Let's dive in.
0:45.6	Hello creators, welcome back to a minisode. Today we're going to answer a question that I got
0:51.9	in the DMs through a conversation with a creator. This creator
0:55.7	was telling me that they've already set up their brand deals, their main income stream, and they're
1:00.4	thinking of developing another income stream, but they're not sure what is the best income stream
1:05.9	to consider next. And so they were asking for advice. Now, I think this is a really important topic to discuss
1:13.1	because we all know that it's important not to put all your eggs in one basket, right? This same
1:19.5	concept applies for a creator's income streams. But how do we go about it? That is a question
1:25.9	that not a lot of people ask. And it seems like most creators are just going about it? That is a question that not a lot of people ask, and it seems like most
1:29.5	creators are just going about it through trial and error. As somebody with multiple income
1:34.4	streams, I can definitely offer some advice and some opinion on this matter. We all saw what
1:40.6	happened during COVID when the world shut down. Travel influencers weren't able
1:44.6	to travel anymore so they weren't able to work with hotels, tourism boards and get paid
1:48.8	that way, and even lifestyle influencers weren't getting campaigns like they used to. There
	...

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