You’ve heard it. Multiple income streams are king. Experts and finance professionals push multiple income streams as a way to help you generate more wealth and provide you more stability and peace of mind for an unexpected future.
If you’re like me you may read about people having four, seven, or maybe as many as 12 income streams!
It’s like a badge of honor really.
The more income streams you have, the better. And if one or two of those income streams fail you still have the remaining ones to keep you afloat.
I’m sure you’ve never heard of someone having as many as 70 income streams and making over $80,000 per month from them!
This is the story of blogger Adam Enfroy and how he has taken the blogging world by storm earning nearly 6 figures per month from 70 income streams!
I’m going to break down how he started, how he does it, and how you can be next to make over $80,000 per month and 70 income steams.
How to Make Money Blogging
I won’t bore you going into a deep dive about how you can make money blogging.
Basically, there are four or five different ways you can monetize your blog which can include:
- Placing advertisements on your blog
- Getting sponsorships
- Selling products
- Selling services, and
- Making money from affiliate marketing
How to money money from advertising
If you're a website owner, you can place ads on your site and make money passively any time a website visitor clicks on an ad.
Highly trafficked blogs earn thousands of dollars per month from ads alone.
It's a hands-off way to make money with your site, easy and free to get started.
FIrst, join an ad network, like Google Adsense. Then, create your ads. Lastly, place your ads on your website.
If you receive 50,000 monthly sessions or more from your website, consider joining Mediavine or Adthrive, which will help you earn even more than Google Adsense, according to reports from publishers.
How to make money with sponsorships
A sponsorship is an arrangement between a publisher and an advertiser. A publisher can be a social media influencer, blogger, vlogger or website owner. An advertiser is a company or brand that sells products or services. It can also include nonprofits.
An advertiser pays a publisher to promote them on their platform.
For example, a rug company might pay a home decor blogger to feature that company on the blog.
It's a win-win for both sides. The publisher gets paid to share an advertiser with their audience. An advertiser gets exposure to the publishers audience, given the opportunity to convert those visitors to customers.
This is how sponsorships work.
How to make money selling products
You can also make money blogging by selling products to your audience.
Examples of products you can sell include:
- Coffee mugs
- Consumer electronics
- Digital courses
- And, more!
First, create your product. Then, sell it to your audience.
How to make money selling services
Next, you can make money selling services, similarly to product selling.
Examples of services you can sell include:
- Design and development
- And, more!
How to make money from affiliate marketing
Making money from affiliate marketing means you will refer products to your audience and if your referral results in a sale, you can earn a small commission.
For example, you might refer your favorite grocery delivery service to your audience on YouTube. That referral could result in 10 people signing up to the delivery service, making you 10 commissions!
To make the most money with affiliate marketing, make sure you are referring products that you like and trust. Also, be consistent in your promotion efforts and join multiple affiliate programs to amp up your income.
Adam Enfroy is a professional blogger and he utilizes nearly all of these money-making avenues to generate over $80,000 per month from multiple income streams.
Meet Adam Enfroy
He started his blog a couple years ago and has seen tremendous success growing his traffic and income on his website.
His story is super interesting and if this article is piquing your interest so far you definitely want to go read more about him, how he started, his battles, and how he moved across to the country to the heart of small business central of the south, Austin, Texas.
He was putting in hundreds of hours per week when he first started.
When I first learned about him online I was really interested because he was a new blogger making as much as the most seasoned bloggers with nearly a decade of blogging experience under their belt.
His approach to blogging is different.
He’s all about treating his blog as a business and more specifically like a startup.
He does an excellent job of writing longform blog posts providing tons of value and then building authority backlinks to those posts.
If you visit his blog you’ll notice that the average post is in excess of 2000 words and I have found some that had as many as 9000 words or more. He’s all about strategically managing his blog, outsourcing work and truly running his website like a business.
It’s a fresh take that I haven’t found other bloggers are doing and talking about so it was really refreshing to learn about this new way of blogging.
70 Income Streams Over $80k Monthly
The bulk of his income comes from affiliate marketing.
He’s known for writing these really long, in-depth and valuable blog posts reviewing SAAS software, business products and tools and he’ll compare a ton of different products and services in each article linking each company with his affiliate link.
It’s really quite effective and if you think about it, if you were promoting 50 affiliates or 100 affiliates making $10 per month from each affiliate, it's possible to make at least $5,000 to $10,000 per month.
Not to mention, if you link to high-paying affiliate programs and recurring monthly affiliate programs, you can amplify your income even more.
Here are the affiliate programs from his August 2020 income report:
- Academy of Mine
- Acuity Scheduling
- Constant Contact
- Easy Webinar
- Final Draft
- LinkedIn Learning
- Script Reader Pro
- Swag Bucks
- WP Rocket
He made $62,825 from 67 affiliate programs.
Next, he made $11,550 from advertising on his site. And then the final two income sources include:
- Digital Product Sales: $1,691
- SEO Consulting for 3 B2B Clients: $6,800
How You Can Make Money from 70 Income Streams
There you go, a full accounting of his blog income in August 2020 at a total of over $80,000 for the month!
How can you do the same?
Well, you can see that the bulk of the income comes from affiliate marketing programs. It’s incredibly easy to break into affiliate marketing. Anybody can become an affiliate and it’s free to do so.
Affiliate marketing pairs well with blogging so if you’re interested in making potentially up to this much ($80,000) per month with dozens of income streams, look into starting your own blog.
What do you think?