In 2015, at age 26, I used to be laid off from my six-figure job as a copywriter. It felt like a significant setback on the time. However wanting again, it was the motivation I wanted to develop into my very own boss.
Instantly after my layoff, I used to be requested to be a bridesmaid for 2 weddings. However slightly than feeling harassed, I noticed a possibility. I had been a bridesmaid virtually a dozen occasions earlier than, and never solely did I take pleasure in it, I used to be additionally good at it.
So I posted a bridesmaid service advert on Craigslist — and acquired over 300 inquiries. Some individuals had shut pals who could not make their wedding ceremony day, others did not want a full-service wedding ceremony planner, however needed some assist planning logistics.
That is how Bridesmaid for Rent was born in 2015. After serving greater than 125 weddings, I have been ready to make use of my model to create three passive earnings streams that generate greater than $5,100 a month.
This is a more in-depth take a look at every of the earnings streams:
1. Sharing merchandise I really like
Passive earnings earnings: $3,000 a month
I’ve been running a blog about wedding ceremony planning since 2011. I really like sharing behind-the-scenes appears at my life and enterprise with my 100,000 social media followers and 40,000 e-newsletter subscribers.
Final yr, after speaking to some influencer pals, I began a brand new earnings stream creating wealth as a model affiliate by way of platforms like Amazon Affiliate Program and RewardStyle.
The way it works is that I share merchandise — jewellery, attire, footwear, purses, make-up and wonder merchandise — that I might put on to a marriage on social media, my web site and weekly newsletters. Every time somebody clicks on the hyperlink and makes a purchase order, I earn a share of the gross sales.
I spend about 20 minutes every week trying to find merchandise and creating content material round them. I preserve a working record of things I really use and luxuriate in.
3. Creating on-line programs
Passive earnings earnings: $2,000 a month
In 2017, I created my first course to show individuals methods to begin a marriage enterprise. Through the pandemic, I launched different programs on private branding, public talking and methods to get unstuck in your profession. Now I provide a complete of 5 on-line programs.
When growing a brand new course, I take into consideration the areas that I’m an professional in, and I ask my viewers what they’re most keen on. I usually do that by sending them surveys and polls, both on social media or by way of my e-newsletter.
Placing collectively the framework of the course can take wherever from just a few weeks to a couple months, relying on how in-depth I am going. I take advantage of iMovie or CapCut on my telephone to movie and edit the course movies.
I additionally use an e-mail advertising and marketing platform known as FloDesk that prices $228 a yr, and a internet hosting platform known as Thinkific that prices $948 a yr.
3. Writing eBooks
Month-to-month passive earnings earnings: $100 a month
I’ve written three books. My first, “All My Buddies Are Engaged,” is about what impressed my enterprise. “At all times a Bridesmaid for Rent” is about my expertise rising my firm, and “Lastly the Bride,” is about what I realized from planning my very own wedding ceremony.
“All My Buddies Are Engaged,” was launched by way of a web-based writer. I labored with a standard publishing firm in 2018 for “At all times a Bridesmaid for Rent,” which paid me a flat price to jot down it, and I do not earn royalties from any gross sales.
With “Lastly the Bride,” I needed to take extra possession of the method. I launched a brand new chapter each month (a standard writer would not have been capable of help that), and I get to maintain 100% of the earnings.
I take advantage of a free platform like Reedsy to format the guide, and Canva to design the quilt. I set the worth beneath $10 to verify it is reasonably priced and accessible to everybody.
As my enterprise continues to develop, I am all the time trying to find new and modern methods to make extra passive earnings. That means, I can decrease what number of hours every week I work and maximize how a lot cash I herald each month.
Jen Glantz is the founding father of Bridesmaid for Rent, host of the podcast You are Not Getting Any Youthful, and the creator of The Choose-Me-Up e-newsletter. Observe her adventures on Instagram @jenglantz.
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