The new way to create wealth is via multiple income streams. This presentation shows various ways to increase your income streams based on the authors experience in creating wealth. Check out www.inventorsworkshop.us for FREE info on ways to make money on your inventions.

2. The new way….
• Working for the same company for 30 years
and living off a company pension and social
security in retirement is the old way of life.
• The new way is to live off multiple income
streams to increase wealth and improve your
lifestyle.
• This short presentation details some methods
I have used to achieve multiple income
streams.
Bob Schmidt REV OCT 2016 Copyright 2016

3. Keep your day job (for now)
• Everyone has dreams of working for
themselves but don’t leave your job until you
are receiving enough income from your
multiple income streams to replace your
paycheck.
• Also make sure you figure in the employer
benefits into your income calculation (like
insurance, 401k, etc.)
Bob Schmidt REV OCT 2016 Copyright 2016

4. Take your passion to the Web
• Obtain a domain name from
www.GoDaddy.com.
• Use a hosting service like www.hostgator.com
to host your website.
• Learn WordPress and develop a website
around your passion.
• Your passion could be a hobby or based on
your industry knowledge.
Bob Schmidt REV OCT 2016 Copyright 2016

5. Become an Amazon Affiliate
• Sign up to become an Amazon affiliate (its
free). This allows you to add links of Amazon
products on your website and if someone
clicks on the link and purchases something
from Amazon, you get a percentage.
https://affiliate-program.amazon.com/
• Check out some of my affiliate pages.
– www.hitch-n-plow.com
– http://inventorsworkshop.us/books
– http://inventorsworkshop.us/amazon-
inventor-tools
– http://bobsbeerblog.com/amazon-beer-
essentials/
Bob Schmidt REV OCT 2016 Copyright 2016

6. Invent Something
• Invent a product. Everyone has great ideas but few people
make money off their inventions. Develop and patent your
product and try to license (to collect royalties on items sold),
sell the design outright, or start a business selling the product.
• I have done this and you can learn how to do this too at
www.inventorsworkshop.us.
Bob Schmidt REV OCT 2016 Copyright 2016

7. Write a book
• Anyone can self publish these days. Amazon Kindle
is the biggest. Search for books on Kindle
publishing to get started and write about
something you know. Self help books are real
popular and allow you to make money in your
sleep. Go to: https://kdp.amazon.com/signin for
more info.
• Other options are www.smashwords.com and
Barnes & Noble (www.nookpress.com) but I would
start with Amazon.
• Go to www.schmidtproducts.us for more details on
my “Inventor’s Workshop” eBook or
www.marnieschmidt.com for more details on my
wife’s book “Tribal Knowledge”.
Bob Schmidt REV OCT 2016 Copyright 2016

8. Teach People a Skill
http://inventorsworkshop.us/inventing-101
53 page eBOOK + 103 PRESENTATION SLIDES
+ 1 hr WEBINR TRAINING VIDEO +
PATENT/MARKETING PRESENTATION
EXAMPLES OF 3 OF MY INVENTIONS FOR
$20. Includes the eBook “Inventor’s Workshop – How
to Develop and Market your Inventions”. This package
also includes a 1hr. training webinar video and slides
that support the eBook. These slides further clarify the
process and provide additional tools and resources to
help develop, market and make money from your
inventions. Also includes patent application and
marketing presentation examples for 3 of my inventions.
MONEY BACK GUARANTEE. If you are not completely
satisfied with the info after you receive this package
then just email me your receipt and I will refund your
purchase price.
Bob Schmidt REV OCT 2016 Copyright 2016

9. Sell Something
• Selling products for commission or for profit is a
great way to earn extra income.
• You can become a sales rep for a company to
market products on your website or through
direct sales marketing.
• Most of my income comes from my independent
sales rep business where I market products and
services from Australian and German companies
for the UAV/Drone market. My website for this is
www.uavpropulsiontech.com.
Bob Schmidt REV OCT 2016 Copyright 2016

10. Create a following
• Use social media to create a following to build
credibility in your product, service or knowledge.
• I use Twitter to promote my UAV business.
• Create a Group on LinkedIN. My wife created
LeanISO waste warriors to promote her Lean Six
Sigma consulting business.
Bob Schmidt REV OCT 2016 Copyright 2016

11. Start a PodCast
• A PodCast is another great way to create a
following, build credibility as well as monetize
your knowledge.
• I have not done this yet but do listen to PodCasts
and follow John Lee Dumas who does a daily
PodCast “Entrepreneur on Fire” and he makes
over $100k/month. Check out www.eofire.com
• He is now marketing his podcast expertise via his
podcasters paradise product:
http://podcastersparadise.com/
Bob Schmidt REV OCT 2016 Copyright 2016

12. Rent out Real Estate
• Do you have a second home (vacation property) that
you don’t use as much as you would like? Try renting it
out to help cover your costs and make a little extra
money.
• We have a property in Michigan that we are now
offering weekly rentals on during the peak summer
season. Check out the website at www.sandy-
spring.com. We set this up on our own but you can
also use a service like www.Airbnb.com. Here is our
listing on there:
https://www.airbnb.com/rooms/11548109?checkin=0
5%2F19%2F2017&checkout=05%2F26%2F2017&s=X5E
heHub
Bob Schmidt REV OCT 2016 Copyright 2016

13. Start a YouTube Channel
• YouTube is a great resource to drive traffic to your
website.
• Create content that gets viewed and add your
website links to the video that allows people to
click and go to your website for more info.
• Search YouTube for instructions on “annotation”
which allows you to add website links to your
video.
• Check out my YouTube Channel:
https://www.youtube.com/user/schmidtproducts
Bob Schmidt REV OCT 2016 Copyright 2016

14. Sell Content While you Sleep
• Create content that you can sell automatically
using a “buy now” button 24hrs a day.
• This could be an eBook or some other content
(like an Excel Spreadsheet).
• Use a service like www.ejunkie.com where
you upload the content and create the “buy
now” buttons for your website. Payment and
delivery of content happens automatically.
Bob Schmidt REV OCT 2016 Copyright 2016

15. Create an on-line course
• You can do this on www.teachable.com.
Check out my Inventor’s Workshop Class.
http://schmidt-products-
llc.teachable.com/p/inventors-workshop-how-
to-develop-market-and-make-money-from-
your-inventions
Bob Schmidt REV OCT 2016 Copyright 2016

16. Summary
• These are some methods I have used to create
multiple income streams.
• They won’t generate income overnight but
over time they can provide supplemental
income to your “day job” and depending on
your success you can potentially quite your
“day job”.
• Good luck in generating multiple income
streams.
Bob Schmidt REV OCT 2016 Copyright 2016