BUSINESS | August 27, 2021

by Stephanie Ritz

How To Build A Business And Tap Into A Second Income Stream

I want to ask you a few questions…. have you ever thought about what it would be like to run your own business?

Would you love to be in charge of your own schedule? And how does an unlimited potential of income sound to you?

Before you let your mind wander too far on all the unanswered questions above, I want to instead challenge you to think about what it would be like to set your own schedule and earn money on your terms. I’m talking about 100% your own business, selling your own services or products, and scaling on your own terms.

Does the idea of that terrify you because you’re still working within the familiarity and comfort of your full-time job?

You can have all of the above, and you don’t have to quit your job to do it. That’s the power of a second income stream.

If you’re working a full-time career at 40-50 hour weeks, it doesn’t always feel super flexible or accommodating to building your own business at the same time. But I’m here to help you break through those barriers. Because the thing is – it’s 100% obtainable, and something I’ve helped many clients do while still working their 9-to-5.

So let’s take it back to the heart of the matter: What would a second income stream look like for you? What would you do with that extra money? How would your life change if the work you were doing was personally fulfilling? What options would have a second income stream provide you? Would you feel differently about your corporate job if you never had to worry about being laid-off or terminated because you have a safety net with your second income stream?

Now that we have all of that out of the way, let’s look at three ways you can start earning a second income stream today:

Become A Service Provider Or Consultant

Done for you services are an easy way to build a business and tap into a second income stream, on your own schedule. In this space, you could choose to either be a contractor for services you currently provide in your 9-to-5 (for example, a computer programmer may choose to take on contractor work for computer programming outside of their 9-to-5) or you could offer support for new services that are unique to the role you have in your career, such as a passion you’d love to pursue (for example, a high-level sales manager may choose to be a graphic designer).

Examples of a service provider could include: Travel Planner, Copywriter, Virtual Assistant, Online Business Manager, Social Media Manager, etc.

Become A Coach Or Educator

You’ve been in your industry for years now, you know what you’re doing and you’ve had success in your field. Teaching or coaching others based on your experience is another way to tap into a second income stream. In this example, you could choose to sell resources, courses, programs, or even group coaching by leveraging the knowledge and experience you’ve built up over the years in your career. I’ve helped many clients transition out of their 9-to-5 and take their second income stream to the next level full-time in this space, and it’s one of my personal favorites to tap into.

Examples of a coach or educator could include: Health Coach, Mindset Coach, Business Coach, Leadership Trainer, Course Creator, Speaker, etc.

Open An eCommerce Store

You could choose to open an online boutique, you could opt for dropshipping, etc. You could also choose to sell handmade goods, such as selling the finished product or templates so others can create their own finished products. This is a fantastic second income stream business that you can grow while you work in your career, and it’s one you can choose to scale up or scale down as you need.

Ideas for crafts & hobbies you could leverage here: Custom Made Products (such as t-shirts), Handmade Products (such as crocheting or pottery), Templates, Stationary, etc.

Ideas for an eCommerce store could include: Dropshipping, Wholesale, Handmade Goods, Online Boutique for Clothing, Amazon Store, Digital Goods or Physical Goods.

You Don’t Have To Do It Alone

I know how overwhelming all of the above is, especially when you’re first starting out. But, you don’t have to figure out all of the things alone – we are in this together! Our work together includes proven business strategies and creating impactful routines so that you are spending quality time and not ALL OF THE TIME, building your business.

And to help get you started, I’ve developed a FREE guide that walks you through the 6 steps to a sustainable and profitable second stream of income. One that doesn’t involve taking on a part-time job that requires 20+ hours of your time each week. Click here to get your hands on the free guide today.

 

About The Author

Stephanie Ritz is a business strategist and mindset coach who empowers women to tap into their strengths, skills, and desires to build a second income stream while in their full-time job. Her unique approach combines mindset coaching with business strategy to help professional women create a second income stream through building a coaching, consulting, or online-service business. 

Stephanie developed her coaching and mentoring skills through training as a Certified Coach and an NLP Master Practitioner and drawing on her own life experience. Starting as a single, teen mom, she put herself through school and went on to corporate leadership roles in multiple industries while starting two successful businesses.

For more information or to work with Stephanie, please visit www.ClaimYourCareer.com.

6 Steps To Your Second Income Stream

Grab my free guide that breaks down the 6 steps you need to start creating a profitable second income!