BEING A MULTI INCOME SPECIALIST

Having Multiple Streams of Income Without Stress

In a country like Nigeria where the rate of inflation is so high, you will agree with me that if you have only source of income then you are just one step away from poverty. So creating multiple income streams allows an individual to have various cash flow sources that are coming in, which puts you in a better position to be prepared if one source of income fails.

Hi there, friend. It's been a minute. You got value from my last post, right? Okay, in my last post we talked about getting our finance in order and I mentioned that having steady multiple streams of income is important in achieving your financial goals.

So today we are going to be talking about five ways to increase your income sources.

1. Get a Digital Skill

82% of online job vacancies require digital skills. Getting a skill doesn't have to be something grand like going to learn in a physical location, with good internet connection and your smartphone or laptop you can learn high paying digital skills like coding, designing, social media management etc. The beauty of getting digital skill is that you can get certified in weeks or less than 3 months depending on how committed you are to learning it.
So if you are looking to expand your income, get a skill today and start earning more. if you need further help on this, check out our series on digital skills, you'll find it helpful.

2. Get a Degree/ Get a Higher Degree

The importance of getting a degree can't be overemphasised, so if you are looking to increase your income get an online degree, if you don't have the luxury of attending physical lectures, you can tweak your lectures to the time when you will available for them and you will be done with your degree in no time.
If you are someone who loves the "9-5" working environment, you can get an higher degree in your career path and increase your salary.

3. Start a Side Business

Another way to rake in some cash is by starting a side business. Starting a side business doesn't mean you need to be available to control it all the time, you can just start it and get a trustworthy person to handle it for you. Some side business you can venture into are; POS business, internet data business, dropshipping etc.

4. Start Investing

Investing in high returns investment is another way of getting a passive income. A passive income is an income you get from something you are not actively involved with.
You can invest in stocks, bonds, mutual funds and so on. You can also manage your investment on your phone through mobile apps like Bamboo etc.

5. Sell for Someone

This is another popular way of making cool cash, here you don't need to have a product you are selling, all you need is your marketing and sales skill. Some people call it affiliate marketing but it simply means selling on behalf someone and getting paid a commission. You can sell using your social media platforms such as WhatsApp, Facebook groups or Twitter and you will be making your money in no time.
So if you are someone who can influence people's buying decision, you should consider this.

Okay, a bonus tip...
These are top 10 digital skills valued by employers
1. Business Data Analytics
2. Product management
3. Programming
4. Web App Development
5. Copywriting
6. Digital Marketing
7. Digital design and data visualisation
8. Email marketing
9. Social media management
10. Video marketing.
You can learn the skills online through free platforms like Hubspot academy, Google digital garage or on paid platforms like Coursera, Udemy, check out our post on recommended schools to learn from.

So that will be all for now, I believe you got value right from this and by this time next week you should be making millions of cash, right? so make sure to work on these tips and if you have any other tips or questions please share in the comment section, I will be happy to hear from you. One last thing before you go, i ask that you share this post if you really found it helpful, and follow us on our social media handles to stay in the know with latest updates.

See you soon.