How I Built 5 Income Streams That Make $86,730 Per Month
Published on: November 27 2022 by Jordan Welch
How I Built 5 Income Streams That Make $86,730 Per Month
Table of Contents
How I Built 5 Income Streams That Make $86,730 Per Month
| startTime | durationTime | text |
| 00:00:00 | 00:00:04 | as someone who makes educational content |
| 00:00:02 | 00:00:05 | it is extremely important that i |
| 00:00:04 | 00:00:06 | practike what i preach |
| 00:00:05 | 00:00:09 | so in this video i'm going to be |
| 00:00:06 | 00:00:12 | breaking down my five income sources |
| 00:00:09 | 00:00:13 | that generate me over 80 000 a month and |
| 00:00:12 | 00:00:15 | i'll be sharing exactly how i built them |
| 00:00:13 | 00:00:17 | so you can learn to do it for yourself |
| 00:00:15 | 00:00:19 | if you're new here my name is jordan and |
| 00:00:17 | 00:00:21 | i'm currently documenting the entire |
| 00:00:19 | 00:00:23 | journey of building my online business |
| 00:00:21 | 00:00:24 | with as much transparency as possible so |
| 00:00:23 | 00:00:26 | if you're interested in starting your |
| 00:00:24 | 00:00:27 | own online business |
| 00:00:26 | 00:00:30 | make sure to subscribe down below for |
| 00:00:27 | 00:00:31 | new videos every single friday by the |
| 00:00:30 | 00:00:33 | way if you're curious about the |
| 00:00:31 | 00:00:34 | background change i'm in tulum mexico |
| 00:00:33 | 00:00:36 | for the week but you already know we |
| 00:00:34 | 00:00:44 | still gotta keep the uploads consistent |
| 00:00:36 | 00:00:48 | so without further ado let's get started |
| 00:00:48 | 00:00:52 | so since the age of 13 i've been on a |
| 00:00:50 | 00:00:54 | mission to become a full-time |
| 00:00:52 | 00:00:55 | entrepreneur so all throughout middle |
| 00:00:54 | 00:00:58 | and high school i tried and failed with |
| 00:00:55 | 00:00:59 | so many business ideas i tried to do it |
| 00:00:58 | 00:01:02 | all from starting a clothing brand |
| 00:00:59 | 00:01:04 | reselling sneakers making youtube videos |
| 00:01:02 | 00:01:05 | everything under the sun that i could to |
| 00:01:04 | 00:01:07 | make a dollar after graduating high |
| 00:01:05 | 00:01:09 | school i had nothing that was working |
| 00:01:07 | 00:01:10 | and i wasn't working a job so i had to |
| 00:01:09 | 00:01:12 | go to college during my first year of |
| 00:01:10 | 00:01:14 | college i followed the same path trying |
| 00:01:12 | 00:01:16 | so many different business ideas |
| 00:01:14 | 00:01:18 | and it wasn't until the summer after my |
| 00:01:16 | 00:01:20 | first year that i had my big break |
| 00:01:18 | 00:01:22 | and now at 23 years old i have multiple |
| 00:01:20 | 00:01:24 | streams of income that allow me to live |
| 00:01:22 | 00:01:25 | my life on my own terms |
| 00:01:24 | 00:01:27 | so let's break them down so my first |
| 00:01:25 | 00:01:28 | stream of income and my primary focus is |
| 00:01:27 | 00:01:30 | my shopify brand |
| 00:01:28 | 00:01:31 | this is pretty much what my entire |
| 00:01:30 | 00:01:33 | youtube channel is about so if you want |
| 00:01:31 | 00:01:34 | to learn more about shopify |
| 00:01:33 | 00:01:36 | make sure to check out some of my other |
| 00:01:34 | 00:01:38 | videos after watching this one so today |
| 00:01:36 | 00:01:39 | is april 21st we're a little more than |
| 00:01:38 | 00:01:41 | halfway through the month |
| 00:01:39 | 00:01:43 | right now it's around 1 pm and you can |
| 00:01:41 | 00:01:44 | see that my shopify store has done |
| 00:01:43 | 00:01:48 | around 3 300 |
| 00:01:44 | 00:01:48 | in sales and over 113 000 this month in |
| 00:01:48 | 00:01:50 | revenue |
| 00:01:48 | 00:01:52 | now sales and revenue literally mean |
| 00:01:50 | 00:01:53 | nothing the most important part is |
| 00:01:52 | 00:01:55 | profit |
| 00:01:53 | 00:01:56 | and that's what i consider to be income |
| 00:01:55 | 00:01:58 | so let's break that down |
| 00:01:56 | 00:02:01 | as you can see in the last 30 days my |
| 00:01:58 | 00:02:02 | shopify store has brought in around 38 |
| 00:02:01 | 00:02:05 | 000 |
| 00:02:02 | 00:02:07 | in profit which is around a 23 |
| 00:02:05 | 00:02:08 | profit margin now typically with a |
| 00:02:07 | 00:02:11 | shopify store you're going to see |
| 00:02:08 | 00:02:13 | margins from 10 to 25 |
| 00:02:11 | 00:02:15 | so in my opinion this is not bad but of |
| 00:02:13 | 00:02:15 | course there's still room for |
| 00:02:15 | 00:02:17 | improvement |
| 00:02:15 | 00:02:19 | this store actually started out as a |
| 00:02:17 | 00:02:21 | drop shipping store but over the last |
| 00:02:19 | 00:02:24 | year i've spent a ton of time and money |
| 00:02:21 | 00:02:25 | to really turn this into a full brand i |
| 00:02:24 | 00:02:28 | ship my products from the united states |
| 00:02:25 | 00:02:30 | we have a custom logo we've customized |
| 00:02:28 | 00:02:32 | our product and it even comes in a nice |
| 00:02:30 | 00:02:34 | fancy custom package i also have a ton |
| 00:02:32 | 00:02:36 | of custom photo and video content that |
| 00:02:34 | 00:02:36 | nobody else has so my goal is to |
| 00:02:36 | 00:02:38 | continue |
| 00:02:36 | 00:02:40 | investing and building this brand to the |
| 00:02:38 | 00:02:42 | point where one day i can sell it for |
| 00:02:40 | 00:02:43 | over seven figures i truly believe that |
| 00:02:42 | 00:02:45 | e-commerce is one of the best |
| 00:02:43 | 00:02:47 | opportunities in this time |
| 00:02:45 | 00:02:48 | and it has completely changed my life |
| 00:02:47 | 00:02:49 | but it's not easy |
| 00:02:48 | 00:02:51 | and it will take time for you to see |
| 00:02:49 | 00:02:54 | results okay so my second stream of |
| 00:02:51 | 00:02:56 | income is my youtube adsense so youtube |
| 00:02:54 | 00:02:57 | actually pays me every single time an ad |
| 00:02:56 | 00:02:59 | pops up on one of my videos |
| 00:02:57 | 00:03:00 | and thankfully you guys have been |
| 00:02:59 | 00:03:01 | supporting me so much which i'm |
| 00:03:00 | 00:03:03 | extremely grateful for |
| 00:03:01 | 00:03:05 | and my channel has been growing pretty |
| 00:03:03 | 00:03:07 | quickly so as you can see in the last 30 |
| 00:03:05 | 00:03:10 | days of my youtube channel |
| 00:03:07 | 00:03:13 | i brought in around 13 700 in |
| 00:03:10 | 00:03:15 | revenue which is pretty much 100 profit |
| 00:03:13 | 00:03:17 | on average the channel makes anywhere |
| 00:03:15 | 00:03:20 | from 300 to 700 |
| 00:03:17 | 00:03:21 | a day which is really good and in a way |
| 00:03:20 | 00:03:24 | it's sort of like passive income |
| 00:03:21 | 00:03:26 | that being said i put a lot of time and |
| 00:03:24 | 00:03:26 | effort into making these videos for you |
| 00:03:26 | 00:03:29 | guys |
| 00:03:26 | 00:03:31 | i have not missed a single upload all |
| 00:03:29 | 00:03:32 | year so it is not easy |
| 00:03:31 | 00:03:34 | i started my first youtube channel when |
| 00:03:32 | 00:03:36 | i was 12 years old making funny little |
| 00:03:34 | 00:03:37 | videos with my friends so in a way this |
| 00:03:36 | 00:03:39 | was all meant to be |
| 00:03:37 | 00:03:41 | if you look right here you can see the |
| 00:03:39 | 00:03:42 | growth of this channel in november i |
| 00:03:41 | 00:03:45 | only made two hundred dollars |
| 00:03:42 | 00:03:47 | in january i made a thousand dollars and |
| 00:03:45 | 00:03:49 | now in march we're past that five figure |
| 00:03:47 | 00:03:52 | a month level i hope one day to get to |
| 00:03:49 | 00:03:54 | graham stefan level revenue maybe 100k a |
| 00:03:52 | 00:03:55 | month from youtube but let's take it one |
| 00:03:54 | 00:03:56 | day at a time i'm grateful where i'm at |
| 00:03:55 | 00:03:58 | right now |
| 00:03:56 | 00:04:00 | my next stream of income and honestly |
| 00:03:58 | 00:04:02 | one of my biggest is my software company |
| 00:04:00 | 00:04:04 | so around three years ago i developed a |
| 00:04:02 | 00:04:05 | product research software called viral |
| 00:04:04 | 00:04:06 | vault |
| 00:04:05 | 00:04:08 | so essentially it is a tool that |
| 00:04:06 | 00:04:09 | delivers you two products every single |
| 00:04:08 | 00:04:11 | day |
| 00:04:09 | 00:04:13 | that are ready to sell on your shopify |
| 00:04:11 | 00:04:14 | store basically i wanted to create the |
| 00:04:13 | 00:04:16 | all-in-one |
| 00:04:14 | 00:04:17 | toolkit for a beginner looking to start |
| 00:04:16 | 00:04:19 | their online store we provide you with |
| 00:04:17 | 00:04:21 | everything that you need to sell the |
| 00:04:19 | 00:04:22 | product so we give you the description |
| 00:04:21 | 00:04:24 | the price the video ad |
| 00:04:22 | 00:04:26 | copy and everything else that you would |
| 00:04:24 | 00:04:28 | need and it's been a really rocky |
| 00:04:26 | 00:04:28 | journey there have been many highs and |
| 00:04:28 | 00:04:30 | lows |
| 00:04:28 | 00:04:32 | but this year we're off to a great start |
| 00:04:30 | 00:04:34 | so as you can see with this software i |
| 00:04:32 | 00:04:36 | generated around fifty six thousand |
| 00:04:34 | 00:04:37 | dollars in cash and as it currently |
| 00:04:36 | 00:04:39 | stands we're doing around fifteen |
| 00:04:37 | 00:04:41 | hundred to three thousand dollars a day |
| 00:04:39 | 00:04:42 | in revenue which i am extremely grateful |
| 00:04:41 | 00:04:43 | for |
| 00:04:42 | 00:04:45 | i would say hands down this is the |
| 00:04:43 | 00:04:47 | hardest project i've ever embarked on |
| 00:04:45 | 00:04:49 | i spent over a year without making a |
| 00:04:47 | 00:04:50 | single dollar from this company and |
| 00:04:49 | 00:04:52 | invested over a hundred thousand dollars |
| 00:04:50 | 00:04:54 | of my own money to build this thing but |
| 00:04:52 | 00:04:56 | now it's doing pretty well |
| 00:04:54 | 00:04:58 | we have a very active community and a |
| 00:04:56 | 00:05:00 | ton of people are getting results with |
| 00:04:58 | 00:05:02 | our app each month this app cost me |
| 00:05:00 | 00:05:04 | around ten thousand dollars to maintain |
| 00:05:02 | 00:05:06 | so our profits are around forty to fifty |
| 00:05:04 | 00:05:08 | thousand dollars a month so from just |
| 00:05:06 | 00:05:09 | those three income sources i'm making |
| 00:05:08 | 00:05:10 | over eighty thousand dollars a month in |
| 00:05:09 | 00:05:11 | profit |
| 00:05:10 | 00:05:13 | now i have two more streams of income |
| 00:05:11 | 00:05:15 | that are a little more inconsistent |
| 00:05:13 | 00:05:18 | but i'd like to grow them even further |
| 00:05:15 | 00:05:20 | the first one is brand deals and |
| 00:05:18 | 00:05:21 | affiliate marketing since my channel has |
| 00:05:20 | 00:05:23 | been growing there have been a ton of |
| 00:05:21 | 00:05:24 | companies reaching out to promote their |
| 00:05:23 | 00:05:25 | apps and |
| 00:05:24 | 00:05:27 | product now i'm not the type to just |
| 00:05:25 | 00:05:29 | promote anything and everything i |
| 00:05:27 | 00:05:31 | only like promoting stuff i use myself |
| 00:05:29 | 00:05:33 | so it's pretty rare that i take a brand |
| 00:05:31 | 00:05:35 | deal these days though in the last month |
| 00:05:33 | 00:05:36 | i have promoted two companies i promoted |
| 00:05:35 | 00:05:38 | shopify |
| 00:05:36 | 00:05:41 | and alibaba so as you can see in the |
| 00:05:38 | 00:05:44 | last month shopify has paid me 290 |
| 00:05:41 | 00:05:45 | and 435 dollars for promoting their |
| 00:05:44 | 00:05:47 | partner program |
| 00:05:45 | 00:05:49 | and legally i can't disclose how much |
| 00:05:47 | 00:05:51 | money alibaba paid me but i did a video |
| 00:05:49 | 00:05:53 | for them a couple weeks ago and they cut |
| 00:05:51 | 00:05:54 | me a decent check for that video |
| 00:05:53 | 00:05:57 | and my last stream of income that i've |
| 00:05:54 | 00:05:59 | honestly been slacking on is investing |
| 00:05:57 | 00:06:01 | every single month i invest around 10 to |
| 00:05:59 | 00:06:03 | 20 of my income |
| 00:06:01 | 00:06:04 | into index funds now i know there's so |
| 00:06:03 | 00:06:06 | many people that are out there doing |
| 00:06:04 | 00:06:09 | these major dogecoin |
| 00:06:06 | 00:06:10 | and gamestop swing trades but for me i |
| 00:06:09 | 00:06:12 | just haven't been able to get into it so |
| 00:06:10 | 00:06:14 | i've just been slowly dumping a small |
| 00:06:12 | 00:06:15 | percentage of my money into these |
| 00:06:14 | 00:06:17 | long-term investments |
| 00:06:15 | 00:06:19 | and i hope that it'll pay off in the |
| 00:06:17 | 00:06:20 | long run with this strategy my |
| 00:06:19 | 00:06:22 | investment accounts make me anywhere |
| 00:06:20 | 00:06:24 | from one to five thousand dollars a |
| 00:06:22 | 00:06:26 | month in fully passive income |
| 00:06:24 | 00:06:27 | i'm sure if i put more effort into day |
| 00:06:26 | 00:06:30 | trading and crypto trading |
| 00:06:27 | 00:06:32 | i could probably be making 50 to 100k a |
| 00:06:30 | 00:06:32 | month just off that alone but as you can |
| 00:06:32 | 00:06:34 | see |
| 00:06:32 | 00:06:35 | i've got a pretty full plate there's a |
| 00:06:34 | 00:06:37 | lot of stuff i work on each day |
| 00:06:35 | 00:06:39 | and like i said i've kind of been |
| 00:06:37 | 00:06:40 | slacking on it like i said i've been on |
| 00:06:39 | 00:06:43 | this journey for years i've had so many |
| 00:06:40 | 00:06:44 | sleepless nights so much failure so much |
| 00:06:43 | 00:06:45 | rejection |
| 00:06:44 | 00:06:47 | and it just built up to where i'm at |
| 00:06:45 | 00:06:49 | today so if you're on your journey right |
| 00:06:47 | 00:06:49 | now and things don't seem to be going |
| 00:06:49 | 00:06:51 | your way |
| 00:06:49 | 00:06:53 | just understand that god has a plan for |
| 00:06:51 | 00:06:55 | you and things will work out |
| 00:06:53 | 00:06:57 | i'm blessed to be in tulum right now for |
| 00:06:55 | 00:06:58 | the week still making money every single |
| 00:06:57 | 00:07:00 | day with my business |
| 00:06:58 | 00:07:02 | and able to create content that inspires |
| 00:07:00 | 00:07:03 | you guys to go get your own if you guys |
| 00:07:02 | 00:07:05 | want to know more about my back story |
| 00:07:03 | 00:07:07 | and how i got started in this game |
| 00:07:05 | 00:07:09 | let me know in the comments down below |
| 00:07:07 | 00:07:09 | and i can make a full video sharing my |
| 00:07:09 | 00:07:11 | come up story |
| 00:07:09 | 00:07:13 | which by the way is still being written |
| 00:07:11 | 00:07:14 | your boy is just getting started but |
| 00:07:13 | 00:07:16 | that's all for today's video |
| 00:07:14 | 00:07:18 | if you liked it give me a thumbs up and |
| 00:07:16 | 00:07:19 | subscribe for new videos every single |
| 00:07:18 | 00:07:20 | friday |
| 00:07:19 | 00:07:22 | if you have questions about anything i |
| 00:07:20 | 00:07:24 | mentioned in this video feel free to |
| 00:07:22 | 00:07:25 | drop it down below i always try my best |
| 00:07:24 | 00:07:27 | to answer everybody's comments and |
| 00:07:25 | 00:07:28 | that's all i got hopefully you have an |
| 00:07:27 | 00:07:45 | amazing weekend |
| 00:07:28 | 00:07:45 | tok to you guys soon peace |
| 00:08:00 | 00:08:02 | you |
