Codie Sanchez: 17 Income Streams I Use — and You Can, Too — To Build Wealth

Building wealthiness looks antithetic for everyone; but, for self-made millionaire Codie Sanchez, it means juggling an awesome 17 gross streams.

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The concern influencer and laminitis of Contrarian Thinking broke down her attack successful a caller YouTube video, revealing precisely however she diversifies her revenue.

Here’s a person look astatine Sanchez’s strategies for creating sustainable income — and however you tin use the aforesaid mindset to your ain fiscal journey.

Many judge you request a large pursuing to marque wealth from YouTube, but that’s a misconception, according to Sanchez. You besides don’t request to spell viral.

“You conscionable request consistent, watchable content,” she said. “When you deed 1,000 subscribers and 4,000 hours connected YouTube, they unlock thing called the YouTube spouse program. That means YouTube starts showing ads connected your videos and gives you a chopped of that money.”

You tin marque anyplace from $3 to $20 per 1,000 views. An illustration she gave was if you station a video and it gets 100,000 views, you tin pouch $500 to $2,000 for conscionable 1 portion of content.

Sanchez earned $360,000 connected YouTube successful 2024, and her favourite facet of this income root is that it’s casual and enables her to marque wealth portion she sleeps.

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It’s nary concealed that brands and companies volition wage influencers to beforehand their products connected societal media channels oregon successful newsletters. According to Sanchez, you don’t request a monolithic pursuing to get paid, but you bash “need immoderate spot and an assemblage that cares astir what you say.”

And it’s casual to gain a bully fig if you cross-promote.

“For example, you bash a YouTube video and notation a sponsor successful the archetypal 60 seconds, that’s typically a level fee,” Sanchez explained. “You constitute a newsletter and see their merchandise arsenic a featured link, that’s different check. You station connected Instagram with a merchandise you already use, aforesaid deal.”

Here’s however overmuch Sanchez says you tin earn:

• 5,000 to 10,000 followers:  $250 to $500 per station oregon newsletter

• 50,000 to 100,000 followers: $1,000 to $5,000

All you request to bash is recognize your audience, make a media kit that showcases your scope and don’t instrumentality each the deals. Build spot with your followers.

Public speaking isn’t for everyone and it’s not thing Sanchez acceptable retired to do, but she switched her mindset.