Top 7 Ways To Diversify Your Income As A Creator

Did you know that an analysis of recent data showed that the average millionaire has seven income streams? So when I first heard that stat, I was like, I got to get in on that. And one of the unique things about being a creator is you can and you should. So whether your goal is to make $1,000,000 or your first $100 with your creator business, the key to the success of a creator journey is Diversification.

You can use your creativity to produce multiple offerings to share with your community and develop multiple income streams, Digital products are booming more than ever, and can generate evergreen, passive income. Some top examples of digital products are e-courses, ebooks, templates, patterns, guides, exclusive videos, photos, and audio across many different creator types, offering services to your community,

This can be done through coaching, consulting, production, songwriting commissions, cameos, or anything else, selling physical merch, print on demand is the go-to option for many creators selling physical merch, Event Tickets and Fees Calling all entertainers, musicians, speakers, and influencers, events can be a primary revenue stream, etc. In this article, we have mentioned the Top 7 ways to diversify your income as a creator, Have a Look Below.

Top 7 Ways To Diversify Your Income As A Creator

Since the creator economy is always quickly changing, it’s also a wise strategy that gives you long-term power and stability.

Quick Tip: As we go through the list, know that you don’t need to go after all seven income streams immediately. Just take note of the ones that make the most sense for your business at this point in time. 

All right, so here are seven ways to diversify your creator income

Sell Digital Products

Digital products are booming more than ever and come along with huge benefits. They’re low-cost to produce, have potentially significant profit margins, can generate evergreen passive income, have no shipping hassle, unlimited supply, and the list goes on. Some top examples that creators are selling are e-courses, ebooks, templates, patterns, guides, exclusive videos, photos, and audio across many different creator types.

Woman Working Retouching Photo On Laptop At Convenient Workplace Selling Digital Products
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Offer Services

Whether it’s one-on-one, in groups, virtual, or in real life, offering services can be a big moneymaker. No matter the creator type, services range from freelancing, coaching, consulting, production, songwriting, commissions, cameos, and anything you want to charge for that brings value to your community. According to a recent study in “The Tilt,” serving 1,058 creators, coaching and consulting were creators’ number one revenue stream. 

Young Lady Typing On Keyboard Of Laptop In Living Room, Offering Services
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Sell Physical Merch

T-shirts, mugs, hats, stickers, you name it, fanbases love swag and love representing your brand through physical items. Print-on-demand is the go-to option for many creators selling physical merch. It’s easy to upload and sell a design in just a few minutes. No storage or upfront cost is required. 

A Man And Woman Sitting In Front Of A Laptop And Selling Physical Merch
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Event Tickets and Fees

Do you call yourself an entertainer, musician, speaker, and influencer? Then this is for you; Events, both Livestream and in-person, can be a primary revenue stream to focus your efforts on, You can either sell tickets or charge an upfront fee for offering your voice, presence, or performance at special events.

A Man Giving A Speach In A Seminar Hall
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Mint NFTs

You may love them or hate them, but NFTs are simply an entirely new way of generating revenue on the blockchain, and they can offer a wide range of benefits, including a deeper community connection and the ability to support community investment.

A 3D Rendered Art As Nft
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Royalties

If you’re an artist, songwriter, producer, or NFT creator, royalties can provide a major source of revenue, especially when your work is streamed or purchased often. The more your work is streamed or bought, the more passive income you generate. 

Tools Of A Artist
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Tips & Sponsors

Many creators utilize virtual tipping on social media and other tipping platforms. The more value you provide your community, the more they want to support you financially. These new contribution channels make it fun for everyone by gamifying the tipping experience. 

A Youtube Streaming Setup
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Also Read, Best Legit Ways to Make Money Online without Investment

And there you have it, seven ways to diversify your creator income. So which revenue streams are you using in your business today? And which new ones are you interested in trying? Leave a comment and let us know.


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