How do you diversify your income streams and create passive income as a speaker?

3 License your content

A third way to diversify your income streams as a speaker is to license your content. This means that you allow other people or organizations to use your content for a fee. For example, you can license your speeches, slides, videos, or articles to other speakers, trainers, or media outlets who want to use them for their own purposes. Licensing your content not only generates passive income, but also expands your reach and influence.

4 Offer your services

A fourth way to diversify your income streams as a speaker is to offer your services. These can be consulting, coaching, mentoring, or speaking-related services, such as writing, editing, or designing. You can offer your services to individuals, businesses, or organizations who need your expertise, guidance, or support. Offering your services not only provides additional income, but also helps you build relationships, reputation, and referrals.

5 Join a network

A fifth way to diversify your income streams as a speaker is to join a network. This can be a speakers bureau, a mastermind group, a membership site, or any other community that connects you with other speakers, experts, or influencers. Joining a network not only gives you access to more opportunities, resources, and support, but also allows you to earn commissions, fees, or royalties from referrals, collaborations, or joint ventures.

6 Invest your money

A sixth way to diversify your income streams as a speaker is to invest your money. This can be in stocks, bonds, real estate, or any other asset that generates income or appreciation over time. Investing your money not only helps you grow your wealth, but also protects you from inflation, taxes, and emergencies. However, investing your money also involves risks, costs, and trade-offs, so you need to do your research, seek professional advice, and diversify your portfolio.