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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

How I Built 5 Income Streams That Make $86,730 Per Month

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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