In the past, a steady income was all that mattered. You worked at a stable job and that was it. Those days are long gone. Nowadays, with the rise of startups and freelancers, people are looking to generate income from all sorts of places.

It’s a good idea to have multiple streams of income so that you’re not just reliant on one. But how do you make this happen? The basic principles are to understand what you want to do, find your niche on social media or on marketplaces like Etsy, then build it and they will come! But let’s break it down!

1. Examine the Possibilities

For starters, you need to think about what could make you money. It’s good to brainstorm for at least 30 minutes here. Home-based entrepreneurs and side hustlers need to find ways to generate an income.

There are many ways that you could make money from the comfort of your own home. Some of the most common options are to;

-Start your own company: Starting your own company requires little more than a good idea, some creativity, and dedication. You can start with something as simple as running errands or pet sitting to pay for daycare, or supplementing another job as a freelancer. The opportunities are endless!

-Buy and Sell on eBay: eBay is one of the easiest ways to make money online. All you need is an account and things to sell and you’re good to go!

-Invest in stocks, crypto, and property: If you have funds to start with, investing can also offer you another income stream. Make sure you learn about crypto and blockchain first. Then get started.

2. Decide on One Goal

Next, you need to pick one goal and focus on it for 7 days before doing anything else with your time or energy. You need to really focus on setting a goal and going into depth with it. There are many ways of growing your income stream. But you need to work out what is best for you and what sort of approach is going to suit your skillset the most. So think about your goal and what you need to do to reach it.

The two most important things in any business are attention and focus. If you don’t have either one of these, your business won’t go very far. So make sure that you’re committed to making this income stream work.

3. Take Action

But then all that’s left for you to do is actually start. You know that you’re going to get an additional income stream from selling things online or offering your services. But you can only plan it out so much. You then need to take action and just get started. Stop focusing so much on the thoughts and actually get things going.

If you need to focus on different things to do it, then so be it. Order any items you need. Get your social profiles set up. Do what you need to do in order to allow for your income stream to grow and you get to where you want to be.