As a nurse in business for yourself, likely you are interested in creating more than one stream of income. Fortunately, one of the privileges and opportunities of being in business for yourself is the fact that you can develop more the one stream of income. In fact, one should concentrate on doing just that.
An advantage of having an internet presence is the fact that you can create several income streams. There are five income streams that you can get started and, with effort, create powerful and continuous income streams that will not only support your main business but supplement it in a substantial way.
Here are 5 profitable income streams for nurse entrepreneurs that work well with any main business that you may be operating already or if you employed.
1. Affiliate Marketing and Sales
Affiliate marketing is the process by which an affiliate (a person or business) earns a commission for marketing another person’s or company’s products. The affiliate simply searches for a product they enjoy, then promotes that product and earns a piece of the profit from each sale they make. The sales are tracked via affiliate links from one website to another.
People end up buying thanks to your marketing efforts.
Here’s how it works. You show an ad or link to a product on your website, blog or through your social network connections.
When someone comes to your website, blog or connects on social media they see the link and click on it. They are sent to the company that wants to sell the product through the link you provide. That link is a tracking code as well.
When the person makes a purchase from the company holding the product, you get paid a commission based on the tracking link that identifies who you are and then you are paid a commission on the sale of that product once the sale is validated and paid for.
There is no inventory requirement for you to hold products, no shipping, and no paperwork. You get paid for your marketing efforts.
Affiliate marketing is a good way to make money as a nurse entrepreneur. There are opportunities to sell products that are related to what your main business is, and you can start part-time and full-time. The income potential is very good.
To get started earning money as an affiliate marketer, you only need to find a company or source that has a product that will allow you to sell their product and give you a commission on the sale of that product. It’s just that simple.
Some of the most popular affiliation sales opportunities may be obtained through affiliate arrangements with affiliate organizations like:
Amazon; ShareASale, Commission Junction (CJ); Clickbank. They provide support, keep track of sales and pay on a monthly basis.
2. E COMMERCE site
You can create your own online store and sell products, courses, and digital products right from your website. You will need to create an eCommerce account with an eCommerce provider to do this, but it is not difficult to do.
You can sell your own products or services or sell the products of other companies like affiliate sales. The difference is you control the process with an eCommerce site, and you put the products on your own site with pricing, pictures, and processing of payments.
There is no need for inventory if you sell products that are drop shipped by the manufacturer or distributor company. You simply sell the product on your eCommerce site and once the sale is made the order is fulfilled by the company and they take care of the shipping for you or drop it off to the purchaser. This concept is called drop shipping.
If you sell only digital products on your eCommerce site, you can simply provide for a download of the digital product once a purchase is made and your eCommerce system will collect the money on-site through a credit card sale.
There are some excellent eCommerce processing sites that can be used to create and operate an eCommerce system.
Platforms like Shopify, BigCommerce, WooCommerce, and Squarespace are a good place to review and get started. There are others for possible consideration as well. A google search for “eCommerce sites” will return several sites for your consideration.
3. Copywriting and content creation
Nurses are well suited to create an income stream by writing articles and getting paid for them or creating content for businesses that want to sell products.
Copywriting and content marketing skills are in big demand. As a nurse entrepreneur, you can get paid very well for writing content for publications, healthcare providers, associations and businesses that need content written to persuade prospects and customers to purchase their goods and services.
One of the best nurse entrepreneur opportunities in writing articles, blogs or emails is in the health industry. This industry has a high demand for content creation and copywriting.
Over 78 million Americans born between 1946 to 1964 make up the “Baby Boomers” — and THOUSANDS of these folks are turning 65 every day.
With a longer life expectancy — they’re looking for ways to stay healthy and get more out of life. These folks are not the “over the hill” gang — they’re your CASH COW!
Existing and NEW companies are creating health products like crazy — and they need copywriters. That’s a HUGE opportunity for YOU.
Demand is at a premium for health copywriters who can bring in new customers.
Alternatives to drugs and risky surgeries are a high demand topic and nurses can capitalize on this by writing articles, blogs, emails and other content creation for companies, organizations and people who are hungry for this information.
This market wants natural remedies that allow it to say goodbye to drugs that often have disastrous side effects and, in many instances, gets people hooked on drugs and make them become a drug addict.
4. Niche Blogging
Blogging is huge and is an excellent way to not only earn money but as a nurse entrepreneur, it is one of the best ways to brand your name, your company and what you do.
It is not a get rich quick system and requires a lot of work, but it is one of the mainstays of making money on the internet and it can be started with practically no money.
The best way to earn money with a blog is to establish a niche, a narrow-specialized subject that you are the expert in and provide valuable information to your chosen audience that solves a problem it is facing.
Blogs make money a variety of ways. Money can be made through affiliate sales. This is done by providing a link within any blog to products for sale by companies and organizations. This would typically be done by linking with a product that is related to the subject matter of the blog that is written.
Blogs may also be monetized by selling ad space to companies that want to advertise on the blogger's website through banners and ads.
Learn the basics of blogging and get started sharing your knowledge with the world, help some people and make some money along the way.
5. eBook Publishing
With all the noise on the internet, social media and otherwise, the world is fed up with the constant bombardment of information. It’s information overload. Now people want information in bite-sized pieces. Quick and informative yet chock full of value and problem-solving power.
Because of this, eBooks have become extremely popular. An eBook is a book publication made available in digital form, consisting of text, images, or both.
eBooks are generally created through self-publishing. As a nurse entrepreneur, you can publish eBooks and sell them on popular eBook publication platforms like Amazon, lulu press, Nook press and a host of other eBook sales outlets.
The great thing about eBooks is they don’t have to be very long. Some eBooks are as short as 30 to 40 pages and can have brisk sales depending on what the subject matter is.
The key to eBook sales is to find a problem that a target market is seeking a resolution to and write information on how to solve that problem. Give steps on how to remove or overcome the problem.
People want help with their problems. They will pay money to resolve those problems if the information that is offered gives value to them and is a reasonably quick resolution.
Conclusion
Any of these 5 income streams can be a business that you create and operate in a nurse business or you could do all of them at the same time from one online marketing platform like a blog.
You can begin with any of these on a part-time basis to supplement the income you are earning elsewhere or develop a full-time business on any of them as a platform.
The most important thing is to understand that becoming an entrepreneurial nurse can be an exciting, liberating and lucrative career.
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