Codie Sanchez: 17 Income Streams I Use — and You Can, Too — To Build Wealth

Core Insights - The article discusses various income streams that can be generated through social media influence and entrepreneurship, emphasizing the importance of trust and audience engagement in monetization strategies. Group 1: Income Generation Strategies - Influencers can earn between $250 to $500 per post or newsletter with a following of 5,000 to 10,000 [1] - YouTube creators can earn $3 to $20 per 1,000 views, translating to $500 to $2,000 for a video with 100,000 views [3] - Public speaking engagements can yield $5,000 to $10,000 for 30 to 60 minutes of speaking [5] - Affiliate marketing allows influencers to earn a commission, often around 30% of subscription fees, without handling inventory [6][7] - Consulting can be a quick revenue stream with minimal overhead, leveraging existing skills [9] Group 2: Diverse Revenue Streams - Codie Sanchez manages 17 different revenue streams, showcasing the importance of diversification in wealth building [4][30] - Income can be generated from home service companies, where ownership does not require day-to-day management [9][10] - Digital courses and online communities can scale income by serving multiple clients simultaneously [11] - SaaS (Software as a Service) models can provide continuous income through subscription fees [14] - Real estate investments, including Airbnb and multi-family units, offer stable monthly income [16] Group 3: Investment Opportunities - Stock portfolio dividends provide passive income with minimal time investment [21] - Bond investments can offer stability during market fluctuations, with higher interest rates available for small company debt [22] - Franchise royalties can be a lucrative income source, allowing for profit without direct management of multiple locations [22] - Licensing content can create infinite revenue streams by allowing others to use original work [23] - Angel investing presents high-risk opportunities with potential for significant returns, especially when starting with familiar industries [29]