What a buzz.
This is going to be a goody today because it kind of fits in the theme that we've had
on my channel recently, which is how I can help you get some cash flow now... now, because
I know that it's a little challenging when we're all at home but lucky for you, I put
my thinking cap on, I've been doing my research and I've come up with a ton of creative ways
to create cash flow and some income in your life and your business.
I'm really excited to dive into this.
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And before I move into the deets of this video, I did want to let you know we just recently
passed 400,000 subscribers on this channel, which is wild, it's crazy and I'm so grateful
to you.
I want to start supporting you back publicly in these videos.
I'll be doing a viewer shout-out in pretty much every one of my videos moving forward,
and today I want to start with Regina Renee Williams.
Thank you so much for watching and being a part of this community.
Some of you have been with me for a years and it is not lost on me.
So everybody let's go and show Regina some love.
You can check out her channel right here and we'll also post her Instagram handle as well
so you can go and say, "Hello," and we can build this little Sunny Squad across all the
platforms.
So thank you Regina for being here and thank you for all of the good and helpful content
you're putting out into the world, I hope that I just sent a few more people your way.
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leave a thoughtful comment under my videos and that will help you get considered.
All right, so let's get into some creative cash flow ideas.
The first thing that you're going to want to do is take an audit of what you have and
what you need.
This time is giving us so much perspective on what do we actually need in our home?
And there's a bunch of crap that I don't need in my house.
The first thing that I'm kind of thinking about doing is selling my stuff.
And we've, I mean, my fiance and I have been doing this for years.
We're pretty minimal, and so we like to ensure that we are giving away or donating or selling
our things when we don't need them.
Are there things in your house that you really just aren't using anymore and you're probably
never going to use again?
Like that old workout bike in your basement or those snowboards and skis.
Maybe you want to upgrade next year so to create some cash flow you can sell them now.
Maybe you have a TV that you don't use or a computer that you don't use.
Take an audit of your house, just walk around and really take note of anything that you
could sell, that's immediately going to make you feel more abundant because you realize
that there's things that you don't need that you could be selling for cash.
That's the first thing.
The next thing is to sell your skills.
I recently made a video on how to start your work from a home job today and step-by-step
walk you through how to create an online education business.
Whatever it is that you do or good at, you can turn that into an online course or you
can sell it digitally or virtually.
That's a really big trend right now you want to check out that video if you can.
But I also know that some of you sell physical products.
So my soon to be sister-in-law inspired this idea and you can actually check out this little
clip right here.
She has an amazing skill for baking and she was selling her baked goods.
And unfortunately due to everything that's going on, she wasn't able to do that anymore
so she got creative.
And you can see that they were dropping off baked goods to their friends and their family.
And of course she wasn't charging for this at this time, but this is something that she
absolutely could be charging for because so many people are in need of some snacks in
their house and some good home-cooked food and meals.
There are a lot of bums out there that will thank you a lot for making meals for them
and they will pay for them.
Because you have to think about the fact that we are still having to go grocery shopping,
we're still having to buy food.
If you can take that off, that's filling a need and that's what entrepreneurs do.
That's one thing.
And then the biggest thing is to go back to your past clients or anybody that you've worked
with in the past and ask them how you can help.
And if you've never had a business before, ask your family and friends, is there anything
that you need help with right now?
Because I definitely would love to help you guys in any way I can and honestly I am in
need of cash flow.
So if there's anything I can do that I could trade for some cash, that'd be great.
And that's just being humble and honest and humility is a key right now to ensuring that
you can have some cash flow in your bank.
You don't need all the things, you don't need your ego attached to a bunch of things and
you don't need to be so egotistical that you can't ask for help or tell people that you're
in need of some extra cash.
Because people will pay you if there's a big enough need.
That's one thing.
So ask, ask your clients if you had a physical location before, is there a way that you could
help them now?
I know I've mentioned my trainer is doing online classes and yes, people are paying
for online virtual classes, fitness classes because people still need to work out.
People are paying for things, they're just mainly paying for things online.
Think about how you can get creative and how you deliver what you do online or get creative
and how you deliver it in person like my soon to be sister-in-law did.
And some creative ideas that I've seen that have been so inspiring to me are things like
painting classes that people are doing via Zoom and they're dropping off the little kits
at people's houses, just leaving them out in front of their front door.
There's also things like cooking classes.
You can do that via Zoom and again, you can even package up exactly what people need,
do the grocery shopping for them, deliver them at their door.
There's so many things that you can do to be creative right now.
And with so many people home with kids, things like home decor sets or craft supplies or
crafting kits or even photo booth supplies are things that people are buying.
If you go on Etsy there's a ton of things that are flying like hotcakes right now, are
selling like hotcakes because parents are in need and just people in general are in
need.
I actually just heard from a friend of mine that their lingerie store is booming at the
moment.
So you want to just think about what people are doing at home and how you can help.
And the next thing that I've seen that I absolutely love is if you're a photographer or a content
creator, this is a strange time and some people are going to want to capture and remember
this because it's a little bit bizarre and everybody's together.
People keep talking about how excited they are because they're with their family or they're
with their loved ones, so capture those memories for them.
And you can do that from a distance.
People are doing things like stoop photography where families will just sit on the front
steps of their stoop and have their photos taken or have a little video taken.
If you're a content creator, you can absolutely still find ways to monetize what you do right
now.
The next thing you can do, so we've soldier stuff, soldier skills, and now you're going
to sell your sweat equity.
What do I mean by that?
This is the time to position yourself as an expert and an influencer because you can invest
in yourself and you can put yourself out there.
You've got the time to do it.
One prime example of this, and keep in mind this is going to pass, so the more that you
can show up right now, the more people are going to want to come to you after this is
all over and hire you for different things.
I've said this before and I said it in this video about how to start your work from home
job today or work from home business today, repetition equals revenue.
The more you repeat what you do and talk about what you do, the more people are going to
know what they can actually pay you for.
D-Nice, who is incredible and I'm obsessed with Club Quarantine if you haven't done it
on Saturday nights, he does these Instagram lives where he DJs.
And he was a well known DJ before, had like a couple 100,000 followers, but overnight
when he did the first Club Quarantine, just doing a live DJ show from his house on Instagram
live, he grew by millions of followers, millions.
And he's continued to do what any did it just to show up and share his skillset with the
world.
Can you imagine the opportunities that are going to come his way?
After this he had Oprah and Michelle Obama at his very first Club Quarantine live DJ
session.
People now know who he is because he showed up and that's going to pay off in dividends
after this is all over.
How can you show up and position yourself as an expert?
Whether that's putting on free classes right now or showcasing your skillset online through
social media, that is building your sweat equity and it's going to pay off.
And if you want to find a skill set that you should invest in to create profitable skills,
make sure you do watch this video on The High Paying Work From Home Jobs that I recommend.
They do take some time to build up your skillset so use this time to do so.
The next thing is to create cash flow.
You're probably thinking to yourself, "If I could do that I wouldn't be watching this."
But I mean it, it's just like time.
Do you know the amount of time that we waste on social media or doing things we really
don't need to be doing just because we're trying to avoid doing the thing we need to
do?
It's a lot.
When you take a time audit you realize just how much time you actually have available
but you're not using.
Same thing with money.
I can guarantee you that you have an opportunity to create more cash flow you're just not sure
how to do it.
I had The Budgetnista on my podcast recently and she's an acclaimed financial expert, she's
amazing at what she does.
And she talked about the fact that right now is not the time to be paying off debt entirely.
Just be making your minimum payments because you don't want your cash flow going towards
debt.
You want to keep cash liquid so you can actually use it during this time and then you can go
back to making bigger payments after this is over.
But for right now, don't pay your debt in full at the moment because that's going to
free up some cash.
Also, are there expenses that you're paying for that you just don't need to?
Again, it's auditing the things you're paying for that you don't need.
Look at your past credit card statements and realize that you've got so many subscriptions
that you've signed up for, or apps that you've signed up for that you just don't need right
now.
And that's going to free up 10, 20, 50, 100, several hundred dollars for you on a monthly
basis to create more cash flow.
If you watched this video on how to build financial freedom, I broke down the concept
of runway.
And runway is understanding what are your bare minimum costs on a monthly basis to just
be comfortable and to be able to live.
And that's all you need to be putting aside right now and ideally you have three to six
months put aside.
In order to do that you need to free up that cash flow and that does mean cutting out any
unnecessary expenses and anything that's not bringing you a return.
When I say invest in profitable skills and invest into yourself, that's something that's
going to pay off in the long run.
But that random email subscription that you signed up for that you never use is not going
to pay off for you.
Anything that's not going to have a return on your investment, cut it.
The next idea to create some cash flow is being an affiliate, and this is something
that I've talked about a lot and especially I talked about it recently in this video on
high cash flow, passive income ideas.
And being an affiliate is a great way to create cash flow without having to build something
yourself.
Is there a product or a service that you can actually sell on behalf of somebody else right
now and take a cut from it?
One really creative idea that I actually heard from The Budgetnista on my podcast was about
this woman who's a hairdresser and she's actually selling wigs to other hairdressers to help
them style them, et cetera.
Then when those hairdressers sell them they're getting a cut of those wigs.
That's a really creative way to help women right now, or men, who are having issues with
their hair.
My roots are going to be down to here by the end of this, I can't even...
That's a great way, that's thinking outside the box for a service and a need that people
have right now that they really want to still look good but their hair might be a hot mess
express like mine is going to be shortly.
The next thing is a flash sale.
I'm not usually a huge proponent of doing flash sales cause I think it can devalue your
product or service, but during these times it makes sense.
One, because you're helping other people by giving them access to your program or service
that actually is really valuable, and two, it creates an influx of cash for you.
Think about Black Friday sales, Cyber Monday sales, kind of the same thing right now.
Do a big discount so you can get people in the door and to create some cash flow inside
of your business.
And then the next thing is buy one, donate one offers.
There are a lot of people in need right now, health care workers, underprivileged families
that really could use some help.
Businesses that are creating offers where it's you buy one of these and I'm going to
give X amount to this person in need or I'm going to give this same thing to this person
in need, that encourages people to buy from you as opposed to anybody else.
Think about a charitable aspect as well that you can use to donate your products and services
to other people while still bringing in cash flow to keep your business afloat.
If this was helpful for you I'm so excited to hear your creative ideas, so put them in
the comments below.
Put some comments of what you're going to do right now or maybe something that you know
you can already sell, whether that's your things or your knowledge in the comments below.
Be sure to subscribe and hit the bell to be notified every single time I post a new video,
and up next you should definitely check out these videos on, The High Paying Work From
Home Jobs, and How to Start Your Work From Home Business right now.
Thank you so much for watching as always, and I'll see you in the next episode.
Bye.