010: How To Diversify Your Income By Selling Digital Downloads
Dec 22, 2023
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Unlocking Different Types of Streams of Income
In this podcast episode, I sit down with Lauren Fulton, the creative force behind The Rebranded Teacher, who shares the secrets to her online success and the importance of developing different types of streams of income. Join us as Lauren shares her journey, offering insights and tips for those looking to venture into the world of selling digital downloads.
Lauren's Evolution in Online Success
Initially selling teacher resources, Lauren had to quickly learn how to navigate the challenges of owning a business during the pandemic and strategize on what she was going to do next. She then was able to build her online venture into a thriving success story.
Different Types of Streams of Income: Why Is This Important?
During our chat, Lauren passionately discusses the importance of having different types of streams of income, especially in the dynamic world of selling digital downloads. Drawing from her own experience during the challenging times of the pandemic, Lauren quickly learned the value of not putting all of your eggs in one basket. From memberships to courses and coaching, she explains how having multiple revenue streams safeguards your business from the unpredictability of the online realm.
Embark on Your Digital Download Journey with Lauren's Tips
For those contemplating the creation of online products, Lauren shares her valuable advice on getting started:
- Identify Your Audience and Carve Your Niche: Know your audience and find your unique space in the market
- Choose Your Ideal Platform: Whether it's Etsy or Teachers Pay Teachers, discover the platform that suits your digital creations
- Start Simple with User-Friendly Tools: Lauren recommends PowerPoint, Canva, or Google Slides as excellent starting points for creating digital products
- Evolve Gradually: Begin with simplicity and gradually work your way up to where you want to be
From selling digital downloads to teachers to establishing diverse income streams, Lauren's journey is an inspiring one! It shows the power of online businesses and the financial flexibility offered by diversifying your income.
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