In 2015, at age 26, I used to be laid off from my six-figure process as a copywriter. It felt like a big setback on the time. However taking a look again, it was once the inducement I had to turn into my very own boss.
In an instant after my layoff, I used to be requested to be a bridesmaid for 2 weddings. However fairly than feeling stressed out, I noticed a chance. I were a bridesmaid virtually a dozen instances sooner than, and now not best did I revel in it, I used to be additionally just right at it.
So I posted a bridesmaid carrier advert on Craigslist — and won over 300 inquiries. Some folks had shut buddies who could not make their wedding ceremony day, others did not want a full-service wedding ceremony planner, however sought after some lend a hand making plans logistics.
That is how Bridesmaid for Rent was once born in 2015. After serving greater than 125 weddings, I have been ready to make use of my logo to create 3 passive source of revenue streams that generate greater than $5,100 a month.
Here is a nearer take a look at each and every of the source of revenue streams:
1. Sharing merchandise I really like
Passive source of revenue profits: $3,000 a month
I’ve been running a blog about wedding ceremony making plans since 2011. I really like sharing behind-the-scenes seems at my lifestyles and industry with my 100,000 social media fans and 40,000 publication subscribers.
Remaining yr, after speaking to a couple influencer buddies, I began a brand new source of revenue circulate earning money as a logo associate thru platforms like Amazon Associate Program and RewardStyle.
The way it works is that I percentage merchandise — jewellery, attire, sneakers, handbags, make-up and attractiveness merchandise — that I’d put on to a marriage on social media, my site and weekly newsletters. Each and every time somebody clicks at the hyperlink and makes a purchase order, I earn a proportion of the gross sales.
I spend about 20 mins each and every week on the lookout for merchandise and growing content material round them. I stay a operating listing of things I if truth be told use and revel in.
3. Developing on-line classes
Passive source of revenue profits: $2,000 a month
In 2017, I created my first route to show folks methods to get started a marriage industry. Throughout the pandemic, I launched different classes on non-public branding, public talking and methods to get unstuck for your occupation. Now I be offering a complete of 5 on-line classes.
When creating a brand new route, I consider the spaces that I’m a professional in, and I ask my target market what they’re maximum enthusiastic about. I in most cases do that through sending them surveys and polls, both on social media or thru my publication.
Placing in combination the framework of the route can take any place from a couple of weeks to a couple of months, relying on how in-depth I’m going. I exploit iMovie or CapCut on my telephone to movie and edit the route movies.
I additionally use an e-mail advertising platform known as FloDesk that prices $228 a yr, and a website hosting platform known as Thinkific that prices $948 a yr.
3. Writing eBooks
Per month passive source of revenue profits: $100 a month
I’ve written 3 books. My first, “All My Buddies Are Engaged,” is set what impressed my industry. “At all times a Bridesmaid for Rent” is set my enjoy rising my corporate, and “In spite of everything the Bride,” is set what I discovered from making plans my very own wedding ceremony.
“All My Buddies Are Engaged,” was once launched thru an internet writer. I labored with a standard publishing corporate in 2018 for “At all times a Bridesmaid for Rent,” which paid me a flat charge to write down it, and I do not earn royalties from any gross sales.
With “In spite of everything the Bride,” I sought after to take extra possession of the method. I launched a brand new bankruptcy each and every month (a standard writer should not have been ready to fortify that), and I am getting to stay 100% of the income.
I exploit a unfastened platform like Reedsy to structure the e book, and Canva to design the quilt. I set the cost beneath $10 to verify it is inexpensive and out there to everybody.
As my industry continues to develop, I am all the time on the lookout for new and cutting edge techniques to make extra passive source of revenue. That approach, I will reduce what number of hours every week I paintings and maximize how much cash I herald each and every month.
Jen Glantz is the founding father of Bridesmaid for Rent, host of the podcast You are Now not Getting Any More youthful, and the author of The Select-Me-Up publication. Observe her adventures on Instagram @jenglantz.
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