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Episode 441: How to Think About Diversifying Your Income – Sam Hurd

We live in an entrepreneurial space where our income options are limitless when we decide to diversify our revenue streams!

In episode 441 of the Bokeh Podcast, Sam Hurd joins us to  share how to approach a diversifying your income and the questions to consider when planning for a a potential revenue stream.

The Bokeh Podcast is brought to you by Photographer’s Edit: Custom Editing for the Professional Photographer and Miilu: The Simplest Way to Create and Manage Timelines and Shot Lists for the Events You’re Photographing.  You can also subscribe to the Bokeh podcast on the Apple podcast app, follow on Spotify, add to your playlist on Stitcher, or listen on Overcast.

Winner of 0 Awards (8:07)

Brand Position: Emphasizing the creative, most strange, least expected couples of the couple (17:01)

Photo Mentioned in Episode (22:15)

Everything you need to know to have a virtual wedding in 2020

Book Recommendations: I Will Teach You to Be Rich (27:35)


Diversifying Income (31:20)

Questions to Ask Regarding a New Revenue Stream: (39:47)
1. Is there a demand?
Ex: Do people actually ask you questions about your talent/photos?
2. Are you capable of executing this new revenue stream?
Ex: Teaching – breaking things down and explaining it thoroughly?
3. Can this additional stream be generated efficiently?
4. Is this sustainable?

Creating Patreon (44:35)

Approach to Adding Value (55:34)

Being Honest with Yourself (59:55)

Mentioned in this Episode:
Ben Thompson of Stratechery.com
Jack Conte of Patreon