Published & Black Podcast

7 Income Streams Authors Need to Unlock Their Financial Freedom Part 2 (Rejoice102.com)

Tiffany A. Green-Hood Season 1 Episode 13

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0:00 | 28:14

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We explore how entrepreneurs and authors can create multiple income streams by leveraging their existing knowledge into high-value digital products, particularly focusing on selling to corporations rather than individuals.

• Digital products represent one of the most accessible ways to create passive income
• License your ebooks to corporations, schools, and organizations for $2,500-$7,000 instead of selling for $17
• Start thinking at a higher level by pursuing government contracts and institutional buyers
• Change your mindset and stop having "broke conversations" that limit your potential
• Set up professional systems like Stripe payment processing and Stan's Store to be ready when opportunities arise
• Focus on building an email list of people who want your solutions, not just social media followers
• Create multiple income streams within your existing expertise: coaching, courses, licensing, speaking, merchandise
• Be selective about opportunities and partnerships - everything isn't about money

Book a discovery call at PublishWithTiffany.com or catch replays of this show at PublishedInBlackPodcast.com.


Welcome to Published in Black Radio

Speaker 1

Black the go-to radio show for black authors , creatives and entrepreneurs ready to turn their stories into success . Hosted by publishing expert and brand strategist , tiffany A Greenhood , each show will deliver real talk , powerful strategies and insider knowledge on self-publishing , brand building , wealth creation and making an impact with your voice , whether you're writing your first book , growing your business or scaling your influence . Hey , it's good to be back .

Speaker 2

How are you guys today ? This is Tiffany A Greenhood . This is Published in Black Radio , so I hope everybody enjoyed their holiday . I want to hop right in and I'm doing a part two on what we talked about last week . Last week , we talked about income streams , having seven income streams and just some different ideas that you can implement that are not hard to start , you know , don't cost a lot of money and all that . So , in the one main thing that I really really focused on was digital products . Okay , digital products . If you have not created a digital product for whatever kind of business you have , you are definitely leaving money on the table . I want to encourage you guys to stop sitting on money . That's my entire goal , okay , for last week and for today . Stop sitting on money , and so that's one way that you definitely are sitting on money .

Speaker 2

When it comes to digital products , any industry that you are in can definitely use a digital product . You're teaching someone how to get from step A to step B . Right , people are looking for information . We talked about how the world is revolved around information , okay , and so a lot of times , you don't even know the information that you need until you encounter somebody like me , or you know , podcast , um , spend some time on youtube . It's all kind of how-to videos out here . You can download canva I talked about that canvacom . Well , I don't know what that is . Go on youtube and find out , okay . And so , um , and you can create your own digital product within minutes .

Speaker 2

Okay , so today I want to kind of do like a part two and talk about some of the other things that surround you know , creating your digital product , creating those seven streams of income , because what I don't want you to do , and what I see often , what I've seen often over the years , is that we create seven streams and only one is making money , or none of them are making money , especially if you still work a nine-to-five . So it's not an urgency right until something happens . And so we're not waiting until something happens . We're going to be prepared for whatever happens . That will still be good , okay , and 2025 is definitely the year to tap into that . So I want to tap into outside of digital products . We also talked about coaching courses .

Speaker 2

Okay , one thing I don't think I mentioned was licensing .

Licensing Your Ebook for Corporate Contracts

Speaker 2

Licensing what does that mean , tiffany ? Do you know you can license your ebook out ? I'm sure you didn't know that you can license your ebook . You can create an ebook , right , and it ain't got to be nothing real deep , but you can create an ebook showing someone how to do something and you can sell it , see , see , we don't think , I don't think on a low level , okay , so you know .

Speaker 2

The normal process is you know , you create an ebook , you sell it $17 . Again , like I said last week , I've seen people make six figures , five figures on a simple $17 ebook , right ? Well , how about you created an ebook showing how to do X Y Z , seven steps to X Y Z , or how to do this , this and that ? Right , again , you're showing them how to get from one step to the next , okay , them how to get from one step to the next , okay , how about , instead of you selling that for $17 , how about you get paid $2,500 for it ? Right , because you're selling it to a corporation , a business , a nonprofit , a college , a university , a school .

Speaker 2

People are looking for information all the time and they need the tools to continue to do what it is that they do . So don't ever sit on . Well , ain't nobody , really ? Ain't nobody looking , you have no idea ? Okay , that can be your next . I mean twenty five hundred . It took me an hour to create it and then I sell it for twenty five hundred . I've seen five thousand , I've seen seven thousand .

Speaker 2

One e-book , because what it becomes is it becomes a curriculum for the company or the school or the nonprofit organization , whatever it is . Right now we think in corporate and see , that's what I really , really want to tap into today . Is this seven streams of income . Just take one , okay , and not just focus on selling to people , because a lot of times we start our businesses , we selling to people , we are trying to sell to people and individuals . Stop thinking on that level , start thinking on a higher level . You say you want to think big , you want to go to the next level . Then start doing things on the next level . Next level is government contracts , local contracts , state contracts . Hello , did you know you could tap into a website , your state procurements website , and see what local , state , local and state contracts that they have available that you can bid on ? Yes , absolutely so . Yes , you can sell one ebook for $2,500 , $7,000 , $5,000 , maybe $10,000 .

Speaker 2

Okay , information is powerful and I need you not to sit on the information that you have in your head . I need you not to sit on the gift that you have that you did not go to school for . This is all in that circle . Okay , everybody ain't got to go to school for everything the stuff I do when I get paid for . I did not go to school for Nobody's school

Digital Products: Stop Sitting on Money

Speaker 2

Period and , if I can really be honest honest I couldn't stand filling out applications , couldn't stand it . And I had some good jobs , what they call good jobs . Let's say that I had the state job , the government job . I had all that right .

Speaker 2

But when you tap into the realm of utilizing your own gifts and not , um , depending on someone else to pay you , you want to tap into your own gifts . It's a whole different lifestyle , it's a different mindset and that's it's powerful . If you , if you can handle it , if you build for it and you stick in there , it's going to pay off , okay , so even if you still work another nine to five , a nine to five , one or two , whatever you got going on , tap into your own gifts , your side hustles , and turn them into legit businesses . Okay , getting paid for 2,500 , 5,000 to 7,000 for one ebook is powerful . Don't let nobody tell you that . Okay , and I always say you cannot have voices around you .

Speaker 2

Stop letting everybody in your ear , okay , cause that'd be a lot of times why you don't fall through with your goals and the things that you want to do , because you around the people that you can't even discuss that stuff with . I know I'm stepping on some toes right now and I'm meaning to do that because you need to cut off them dead conversations . Stop having broke conversations , stop letting people tell you competition is out here and all this old crazy stuff . No , let me tell you something until you tap in and you get by yourself and you tap into that power , tap into the way of the word of God that you go into church every Sunday evening , hello , then that's when you can experience building wealth , you can experience that increase that you've been praying for . It's right there . All you need to do is tap into it , okay .

Speaker 2

So , whether it's taking a course , whether it's connecting with me and doing a consult with me , I'm very resourceful . Ok , go to publish with Tiffany dot com Book , a call Book , a discovery call . Ok , I have e-books on there that can help you in your position , your situation right now . They can teach you how to do X , y , z without you having to go and take a $10,000 course or paying a motivational speaker $50,000 to show you what you could have went and got yourself . You need a motivational speaker . Tap into some of my videos . Tap into your favorite motivational speaker on YouTube .

Speaker 2

It's too many avenues out here that we're looking over and steady saying I'm just , I guess for me , I'm just tired of people hearing people say , oh , I don't know nobody , I don't know . Well , I didn't know . Well , I don't , I don't really have that . Oh , you got to have this , go get it , go get it . I wrote down . I was going to title this , this , this episode . Um , I was going to title this episode Shut Up , sit Down , do Something or Shut Up . That's what I was going to title this show , because we at that point either do something about it or shut up and sit down , period , okay . So I guess y'all say she fussing today . I'm always fussing because I want to see people do better , especially when it comes to authors . That's my lane , but in that lane I have business .

Speaker 2

You know people that just have businesses and stuck and don't know what to do , and this could be something simple as creating a digital product . You know , setting up your account on Samgov

Mindset Shift: Think Different, Think Bigger

Speaker 2

and start looking for contracts in the industry that you have experience in . That's all it takes . Start conditioning your mindset , start thinking different . Some of y'all just need to start thinking different .

Speaker 2

When you think different , different opportunities open up . You start to connect with different people . Sometimes you got to get out and go to different little events . It's all kind of free events . I was just on Eventbrite two days ago . It's so many free events out here going on that you can attend and meet people , have your business cards or your digital card or however you have your contact information ready , because people are out here looking for people that have what they need . Okay , and you want to be right there to have what they need and connect . And you never know what kind of big contract it can turn into Partnership , all that stuff . And we're going to take a break real quick question is will I ever leave you ?

Speaker 3

the answer is no , no , no , no , no , no , no , no , no no no no no no no no no no no no no no no no no no no no , no , no , no , no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no , no , no , no , no , no , no , no no no no no , no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no no .

Speaker 2

The question is when you going to do something different . How about that ? When you going to do something different , it's time to do something different . We are in July . We have five months left . Wait , wait , wait . Yeah , we got five months . We hit the five-month mark . And so what are you going to do different ? It's time to do some things different .

Speaker 2

Okay , and see , this show is only roughly 28 minutes , so I never have time to say absolutely everything I want to talk about . But now I just told y'all about thinking different , thinking on a different level . Right , about thinking different , thinking on a different level . Right , being able to create a manual or a blueprint for a company and sell your ebook for $2,500 , $5,000 , $7,000 . Don't say what can't happen , okay , that's why you got to change your mindset . But what I also want to tap into today is having the platforms , having your platform set up so when the people do show up this is for all those business owners Listen have your systems in place . When the people show up , when they're ready to sign the contract , pay the invoice . We're not doing cash apps and sales . I talked about this before . Okay , set you up . I'm not gonna recommend PayPal . Okay , but set you up a Stripe account , stripe . I'm not totally against PayPal , but we we backed off of PayPal for reasons that they don't look out for the business owner . But but Stripe is very powerful .

Speaker 2

Okay , you don't have a website . You can set up a one-stop shop like Stan's Store . They have Linktree Stan's Store . I prefer Stan's Store . That's where you can have all your links in one place . When you go to publishwithtiffanycom , you go to a website that has all my links in one place . Okay , and I still have websites in place . But for those that are just starting out , it's 29 bucks a month . You get 14 days free on stand store . Okay , and link tree used to have a um free um package . I'm not sure if they still offer , but there are simple ways to be ready .

Speaker 2

When the people show up and as you grow , as your business grows guess what ? Then you grow , then you can invest in something big . Then you can invest in a full website . But let's not have um a website as a reason that you cannot sell or you cannot do this or that . That's crazy . That's absolutely crazy .

Speaker 2

If you're launching a book and your book is not releasing until another month from now , that don't mean you can't have nothing on your link . You should be collecting emails , you should be going live or when you post your content on social media . That's a whole , nother conversation . But as you're posting and communicating and building relationships , whether online or in person , you still should have a place for people to come and join your email list . That is your audience . That's your real audience . Followers they are not your audience , they just follow you , for whatever reason . That doesn't necessarily mean that they need what you have or they want what you have or they want to work with you . You want to start building an audience that's attracted to the solution that you provide .

Speaker 2

Okay , we providing solutions out here . We providing solutions and answers and consultations . We trading our time for money on our own time ? Okay , so , not not the time that we was trained to do with the nine to five , but on our own time . Like I say , book a call with me . That means you get on my calendar . You pay to get on my calendar . So now I'm in control of how much I charge per hour . Right , right now it's 400 today's price , not tomorrow's price , just fyi . Okay , so , but you got control of that .

Speaker 2

So building seven streams don't necessarily mean you got to have brick and mortars . Five brick and mortar . Seven brick and mortars . No , it could be simple . Things like digital products . I'ma always go back to that . So we got digital downloads , bulk sales , um subscriptions . They got even on social media . When you get to a certain level on your account , you can offer subscriptions for people to get different little perks and stuff and it's like I clicked on one . It was like $2.99 a month . That money add up . You know you have um other membership sites that you can set up , as opposed to a website . You may not want a website where you're selling your products and services , but you may want a membership site where

Setting Up Professional Business Systems

Speaker 2

you can build a community and charge $20 a month , $30 a month , $47 a month and you're providing , you know , a platform to where you have different videos , different e-books or whatever the topic is . It's a community where you can go live with them once a month and they people pay for that . When you are giving them exactly what they need to get to the level that they want to get to , people will pay for that okay . So don't just think this seven streams is just something to talk about . It's definitely a goal , it's definitely something to build up to , but you can start exactly where you are . So that can be as simple as a digital product . That can be as simple as releasing your book and selling it .

Speaker 2

Doing more than one book signing . I've seen authors who I don't know why it's been the norm that you just do a book signing when the book releases and then you don't do anything else . I don't know where that came from , but you could do as many book signings as you want to . You could do a book signing every month , you can do one every two months , four per year . Whatever it is that you want to do , you have to understand that when you have your own business and you're building your own wealth , you are in control . That's the power of it . At least , that's the part that I like . You in control . You set the price , you set the tone , you set the time . You determine who you partner with and who you don't . You know what I'm saying .

Speaker 2

Use this armament can't connect with everybody . Everything ain't about a dollar either . So you have to make sure what's in it for you . You gotta , you gotta , think about it like that . What's in it for you . Just because they spending ten thousand dollars don't mean I want to work with them . Come on for real . I will turn down money period .

Speaker 2

Some folks is headaches , so you have to be mindful . But guess what ? I'm in control . So every opportunity is not going to be for you , but be prepared when the opportunity shows up . Be prepared to accept or decline . How about that ? Be prepared to accept or decline opportunities that are presented to you , because everything is not for you . People are out here scamming and doing all kinds of crazy stuff . So you definitely want to connect with integrity and you want to make sure that it's a benefit for you and the barter system . Be careful with that . It's not always a benefit for you and the barter system be careful with that . It's not always a benefit for you . So just look , some little tips you can , you know , set to the side , write them down , but remember them when it's presented .

Speaker 2

Okay , so , um , I do want to talk about um authors . Real quick , with the bulk sales , don't forget you can sell your books to schools , corporations , churches or programs . That's powerful . That's another powerful tip . I hope y'all be writing this stuff down and remember , if you miss the show , live on Rejoice 102 , you can always go to PublishingBlackPodcastcom . That's where I post all the replays at Okay podcastcom . That's where I post all the replays at okay and so you can go through and listen and get your notebook and start applying some of this stuff . We are in july . July gonna be over within five minutes , okay , so I'm gonna take a real quick break and we'll be back .

Speaker 3

Bye much fine gold . I can't help but say it's all true . It was some time ago since the day that I met you . And if it wasn one thing I know I could never forget you . It was like the sun had risen and shone through my soul and all the wrongs and hurts were given . Love had taken control .

Speaker 2

All right . So today was part two of the seven streams of income Building income streams . Why you sleep things that you don't have to put in physical work for

Building Your Audience and Value

Speaker 2

is kind of what my focus was for today and last week , and again you can catch the replay at publishedinblackpodcastcom . Okay , so I wanted to remind you guys the simple websites I did mention Stan's store you also have when you're ready for full websites . You have Wix and you have Shopify . Both of those allow you to sell digital products or physical products , okay , and they're kind of user-friendly .

Speaker 2

Shopify is kind of difficult for those who are not tech savvy , but I do design Shopify websites , so you want to get at me if you are looking to get a Shopify website done . But listen , the thing is is to sit down and stop procrastinating . That is the whole , my whole thing about this . Stop procrastinating . Okay , coaching courses , licensing , speaking merch Some of y'all got t-shirts and stuff that you sell and nobody know about it Cause you just selling them to your church members or you just selling them to your friends and family . Get you a website up , or it could be a one page . You know what I mean .

Speaker 2

But , um , and for those that are opposed to social media . Stop doing that . You leaving money on the table . You are leaving money on the table and you don't have to . So you want to examine all these ? And social media is free . Let's just be honest it's free . It's free , so why not use it ? It they're not charging us to post , you know .

Speaker 2

So , um , because there's some of y'all still out there don't want to utilize social media , but , um , it's a benefit . It have helped me . Um , that's why I started my business on social media , literally going live on Periscope . Some of y'all don't know what Periscope is , but , um , I started there and um broke in Atlanta . I've mentioned that a few times and , man , I just stayed consistent . I stayed consistent , I studied my craft , I studied how to present it and that's what I did and I started . I got my first $5,000 client I keep calling her $5,000 , but she ended up spending like $8,000 with me . She published two books with me and it went from there back to back to back , and that was just publishing . We're not even talking about when I started offering consulting and graphic design services and websites and all the other things that I do . So what I did was I created my seven streams . Thank y'all for following on TikTok . Y'all can follow me on TikTok and Black Writer Space . I was

Take Action: Creating Your Seven Streams

Speaker 2

able to create my seven streams right inside of my lane .

Speaker 2

Okay , and that's what you want to do , because it's nothing different . Not saying you can't do nothing different , but you want to master what you already know , how to do the gifts that you already have . You want to master those ? Okay , and then , that way it's not . It's not so difficult to pivot when you need to pivot because it's all surrounding everything that I offer Client services , products , digital products , whatever . All of that is surrounding what I already do . So coaching came naturally Offering courses , webinars .

Speaker 2

I've done webinars . I had a group on Facebook where I was teaching women how to create their own journals on Canva right ? So these same resources that I give out to you guys on air . This is real life for me . This is absolutely what I do . I'm just now tapping into the selling the eBooks to the corporations and now focusing on local and state contracts and things like that . I'm just getting to that level , but y'all , I'm surrounded by people who are already doing it . That's the power of surrounding yourself with the right people . Ok , because if you around everybody broke guess what ? Not going to happen . Nothing's going to happen . You're going to . You're going to stay broke . So you have to get around people who know more than you whether it's sitting in on a videos , going to watch some of their videos , all of that Take notes .

Speaker 2

I set in on free webinars and I took notes and I wasn't applying and one day I decided to apply it . I didn't get nobody's approval . I decided to apply it and it worked and I started posting on Instagram consistently for 30 days and I got an email . The girls said I've been following your page and stalking you for 30 days . And I got an email . The girls said I've been following your page and stalking you for 30 days and I'm ready to publish my book . I already saw your prices . I mad you . I had just increased my prices from 3,000 to five grand . She wanted the five grand . It's always been like that . So when I tell you mindset is powerful , it's powerful . I just need you to apply it and I'll see y'all next time .

Speaker 1

You have been listening to , Published in Black with publishing expert and brand strategist , Tiffany A Greenhood . Listen next week for real talk , powerful strategies and much more . Again , we thank you for listening .