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Artists Need Multiple Income Streams
| Guest post by: Toni Taylor |
Article Overview: Toni Taylor shares her thoughts on why artists should have multiple income streams to stabilize their income and cash flow as well as free up time and head space to create more work.
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Free Download - Branding In Spite of Yourself By Toni Taylor |
Artists Need Multiple Income Streams
Congratulations! You’ve had a great year, artistically speaking. Your work is well received, the grants are coming your way and presenters are responsive. You’ve worked long & hard for your success, but how confident are you that your momentum can continue. Artists need multiple income streams for lots of reasons. Three favorites of mine include: stabilizing your income between exhibitions or performances, freeing up time to make more art or seek inspiration, and partaking of the magic of passive income streams. These income streams can be from any combination of time for money arrangements (i.e. day jobs), getting paid for your art work, and investment (i.e. passive) income.
Stabilizing Your Income
While you’ve had a great run so far; funders and presenters are pulling back and your confidence in your momentum is waning a bit. Having multiple streams of income from the sources listed above will help tide you over the lulls between your successes.
Freeing Up Time to Make More Art or Seek Inspiration
You might already be doing some type of day job or freelance work that contributes to your success. Exchanging time for money, even doing something benignly interesting, can cut into your creative output. If you’re in between batches of work, taking a class, indulging in a bit of wandering, or simply sitting watching people go by is what is needed to launch you into your next batch of work. But the benign demands of your moderately interesting (though mentally intrusive) day job interfere with your need to take the class, the hike, or the sit-and-look to launch your next batch of work to the next level.
Passive Income Streams
After you’ve taken the time to set them up, passive income streams are truly amazing. Consider the possibility of generating passive income streams by creating an online business. You’re already skilled at creating things and have the entrepreneurial zeal to market & sell your work. Consider creating passive income streams to tide you over the slack times and to perhaps fund even more art. More sophisticated use of the internet can help you do just that.
Possible passive income (or residual income) streams might include creating and publishing detailed content about your work. Get involved in a effective, well supported network marketing or multi level marketing systems. The more successful network marketing organizations will be candid with you that a fair amount of hard work is required in the beginning to set up your business. But once you get your business up and running using the marketing skills you already, augmented by the powerful online marketing skills you can learn, your business can continue to be profitable. This can be done spending as much time and headspace available to you in any given week to build your business and lead your team. This work can also be done from anywhere in the world with a laptop, high speed access, and a cell phone.
All you artists and fellow creatives out there, consider how your art and creative process would benefit if you had multiple income streams to tide you over between gigs. So the time between gigs can be your most creatively productive.
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Article Tags: Multiple income streams, Passive income generation, Possible residual income
Referred by: http://jaykubassek.com
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About the Author: Toni Taylor RSS for Toni's articles - Visit Toni's website So go ahead, start a business. A few more thoughts for your consideration. Click here to visit Toni's website   Expanding the Definition of Success Ageless Marketing Principals for Start Up Entrepreneurial Types Taking the Leap Whilst Between Gigs Artists Need Multiple Income Streams Fall Seven Times Stand up Eight |
Related Forum Posts
Revenue Streams for Websites
- Too funny, I was just reading a book: Multiple Streams of Internet Income: How Ordinary People make extraordinary money on line, by Robert G. Allen. 2001
That's a misnomer, though - they're not ordinary people, they're people with established careers who can take their expertise and exploit it on the web.
Ways to generate income?
1) Sell your own material on the site. Ebooks, etc.
2) Join various affiliate programs that match what your website is about.
3) Google adsense - All my money comes from this... it's started out slow but as readership of my sites grown, the income has grown. Nothing to write home about yet...
4) Google adwords - the advertisers whose ads show up on Google Adsense. Unless you're selling big ticket items on your site you don't want to use it, your keywords can cost from 20 cents upwards.
Re: What are your success criteria?
- [quote="DwayneGarrett":1igrdgib]Out of curiousity, what has to be present for you to know that your business is a success?
The top three things for me are:
1. Maintaining a 6 figure income year in and year out.
2. Creating and promoting my own products.
3. Income not solely dependent upon my personal effort.
How about yours?[/quote:1igrdgib]
I would have to say mine were:
1. Monthly Residual Income that exceeds all expenses by 110%
2. Free time to create and promote my own products (relies on #1)
3. 5% of all revenues generated by my team going to feed starving kids
Now that is "feel good work".
Re: Bad SEO techniques?
- [quote="jacksonp":1y3g8bot]that is quite true.We all should avoid these kind of techniques.I am here sharing few more points which we should take in mind..As an experienced person of SEO I want to share here some facts which should be avoided by us.I hope that these will help some of the newcomers a lot..
Choosing a title that has no relation to the content on the page
Using extremely lengthy titles that are unhelpful to users
Using a single title tag across all of your site’s pages or a large group of pages
Stuffing unneeded keywords in your title tags
Writing description meta tag that has no relation to the content on the page
Multiple domains
Multiple identical sites
Cross Linking[/quote:1y3g8bot]
re: Cross Linking, how do you define that? I thought linking to other pages on your website (that are related) was a good thing...maybe that's not what you meant.
Home-based Business
- signed my first 200 customers while I worked from home. You can make it work. Many small businesses do, i.e. interior designers, AC/Heating Companies, moving companies, Plumbing companies, painters, landscapers, web designers, Mobile car mechanics, Computer Techs, online retail businesses, Pool cleaners, Home Repair, Telemarketers, electricians, Artists, etc
What are your success criteria?
- Out of curiousity, what has to be present for you to know that your business is a success?
The top three things for me are:
1. Maintaining a 6 figure income year in and year out.
2. Creating and promoting my own products.
3. Income not solely dependent upon my personal effort.
How about yours?
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