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My Multiple Sources Of Income

4/30/2012

25 Comments

 
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When I meet people for the first time and they ask me what I do for a living I say that I am a NYC photographer who specializes in headshots, portraits and architectural photography.  However that is not exactly the full truth. Yes I am a photographer but the only reason I say that is because it is too difficult to say... 

PhotographerRetoucherVideographerLogoDesignerBloggerInvestorSalseroEbayerLandlord
So in case you ever wondered or I ever meet you in the future and during our conversation you ask me what I do for a living I can easily point you in the direction of this blog post to save us both a heck of a lot of time. 
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Photographer
For the last 5 years I have taken my photography hobby and turned it into a nicely growing career. I usually charge anywhere from $200 to $500 a job (sometimes more) and every so often that number doubles due to the after work load. Word of mouth has been spreading and I am working more and more consistently. This is my main source of income but the 7 below are all competing for my undivided attention which makes me wonder when I should hire an assistent. ent. . 

Retoucher
All of those hours upon hours of learning photoshop has paid off and nicely. I usually negotiate and touch up a certain amount of pics per photo session but nearly 100 percent of the time my clients want many more photos to be touched up. Although retouching photos is time consuming I am really efficient and can turn around a photoshop before and after job faster than Superman can save Lois Lane. I charge $25 a photo and can sometimes see a $200 pay day from one job even if I was not the photographer.
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Videographer
Aside from my personal Youtube channel, winning the Secure Denture Adhesive video competition, or going viral on my Doritos Crash The Super Bowl video I make money doing video work for various clients. I don't necessarily promote myself as a videographer because editing is a bitch. However, I can make $100 to $500 on a job and throw that income into the pot for my kids to eat out of.  

Logo Designer
I was a graphic designer for 15 years and was part owner of a tee shirt company with my step father but I left that lifestyle behind me after my salsa career BOOMED and took me all over the world and back. Recently, since I started the Yakezie challenge, I have been commissioned to create logo designs for both challengers, members and outsiders. I can make anywhere from $25 for a touch up to $200 for a full logo design and avatar. 

Blogger
I wish I could say I make a ton of money on blogging but I would be lying to you and more so to me. There are so many people that make a decent amount of money blogging but the fact of the matter is I am probably not the most niche blogger in the blogosphere. However and this is a big HOWEVER, if it weren't for my blogging the 4 income sources I mentioned above wouldn't be a real subject to talk about. In fact, had it not been for blogging I wouldn't have started logo designing, made money on adsense, or had a venue to brag about how great of a photographer I am with a portfolio to match. :). Putting the before stated aside, on average I would say I make about $50 a month blogging. 
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Investor
Yes I have saved some money over the years but because of lack of interest I haven't touched my investment portfolio since ET phoned home... To a large degree that is a good thing because I was able to fully recover from the HUGE market dip of 00 and 08. However that being said, ever since I joined Yakezie I have been influenced by all of the personal finance bloggers that I have befriended. In fact, in the last 2 months I have spent several hours a week being mentored by my step father who is a seasoned investor. My portfolio is starting to get diversified and I can honestly say that I am starting to see a little light at the end of the investment chart tunnel. I would say, aside from capital growth and my risk tolerance, I will be looking at an annual return of 5 to 6%. 

Salsero
At one time I was one of the most successful salsa dancers in the world. Fortunately I made a career turn in 2004 and have found successes along the way but I have always had my foot in the salsa scene. If you remember, I stopped teaching salsa in December 2011 because my family life along with my  PhotographerRetoucherVideographerLogoDesignerBloggerInvestorSalseroEbayerLandlord life were taking up so much of my time. I felt it was the best decision for my students and me because I was no longer able to give 100%. However, I still have a salsa dvd series and a salsa timing cd which I wholesale and retail monthly. On average I can bring in about $75 a month and that's without lifting a foot. :)    
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Landlord
Being a landlord was a major source of income for many many years, however, after the housing bubble burst lowering the equity of my home and the tax abatement expiration I have been in the red ever since. Recently the housing market has seen a pulse and I applied for a tax appeal. If all goes according to plan I will be able to get back into the green. You might be wondering why it's on my list. The reason is I can offset any losses with some of the gains I have achieved from what you have read above and if my calculations are right I can be looking at an additional $100 a month by years end. Yes this is speculative but very noteworthy. (Keep your fingers crossed).

Ebayer
Even though this is the last income source on my list and the least profitable it is nothing to sneeze at. I not only liquidate some of my personal stuff monthly but I sell for other people as well. I make about $50 a month. It might not sound too impressive but it takes no time at all and recently I sold a ring on Ebay for $580. Although that's not the norm it might be just the right amount of bling to add in to this post.   

How do you make money?

Until tomorrow,

Jai
25 Comments
maria@moneyprinciple link
4/30/2012 03:13:34 am

Good one, Jai. For many years I relied solely on my job and when asked what I do my answer was: 'I write rubbish for money.' And this is technically correct - I write quite a few consultancy reports. I have been trying to go for a 'patch work' income but regretfully have been keeping in a similar zone. And my blog just started making a bit of money and this month - nothing! But watch this space!

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Jai Catalano link
4/30/2012 03:18:39 am

Luckily for you you are very niche or at least more niche than me... :)

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Angelo
4/30/2012 04:03:39 am

One of the coolest landlords I've ever had!! Still wish I could've stayed longer, but I was chasing that promotion for good reason lol

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Jai Catalano link
4/30/2012 04:05:04 am

You rock Angelo. Wish you were back too. Hope all is well.

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Maurice link
4/30/2012 06:23:04 am

damn... no wonder u look so stressed.. doing so much!

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Jai Catalano link
4/30/2012 06:42:25 am

Some talk. Some do. I had this one friend who ask me to put together a proposal for a dance site. I worked effortlessly to put all the different genres on it and once I handed it in he flaked and I haven't head from him since. Some talk. Some do.

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Maurice link
4/30/2012 01:07:58 pm

over whelmed man!!!!! projects after projects after projects... see... i do a lot too + a 9-5 ;-)... it will happen!

Modest Money link
4/30/2012 06:58:12 am

That's a lot of different responsibilities. You must keep yourself very busy with all of that. Normally I make most of my money doing a website marketing daytime job, but I've been out of work for a little while. So I've been relying on my affiliate website business and some freelance work. It's not much money and definitely better as a side business. I'm also hoping to build my blog up into something profitable though. Time will tell how that goes. In the meantime hopefully I can land a new daytime job.

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Jai Catalano link
4/30/2012 07:54:14 am

Some days I am VERY BUSY. Others I am not. It is a lot of responsibility but as they all grow I will filter out some and add help to others.

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Newlyweds on a Budget link
4/30/2012 10:57:25 am

It's great to diversify! i make extra money through my blog, as well as staff writing for other people's blogs, and mystery shopping

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Jai Catalano link
4/30/2012 11:11:40 am

Mystery shopping sounds fun.

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AverageJoe link
4/30/2012 11:45:20 pm

Like you, my own "how do you make money" would be a whole blog post. One growing source of income is my writing. It doesn't pay what I'd hoped yet, but I enjoy watching it grow over time (nearly every week it's a little more).

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Jai Catalano link
5/1/2012 02:02:50 am

I look forward to reading it when you post it. Glad to know you are growing every week.

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Invest It Wisely link
5/2/2012 05:31:43 am

Hi Jai, at the moment, I make money from my mobile business and a little bit from the sites. ;)

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Jai Catalano link
5/3/2012 01:16:12 pm

Why did I think you made more?

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SB @ One cent at a time link
5/2/2012 03:22:40 pm

Many may feel this is too much diversification, I would think this is just right. So, what's you roughly income from the photography source alone? Sorry for being so direct :)

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Jai Catalano link
5/2/2012 03:28:23 pm

Good Question. I will answer that question towards the end of the year as this year has tripled for me.

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Marissa link
5/2/2012 07:44:11 pm

Holy crap, Jai. When do you sleep?

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Jai Catalano link
5/2/2012 11:38:42 pm

Last night I slept. The last 3 night before that I did not. I don't even know how to answer that I am so tired. :)

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Daisy link
5/3/2012 03:29:22 am

You have a LOT of skills - I have not even a fraction of the amount of income streams as you do (blogging, day job, that's it!).

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Jai Catalano link
5/3/2012 04:25:31 am

I am sure you have more skills than you think. :)

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Van Beek @ Stock Trend Investing link
5/5/2012 04:19:31 pm

Nice to have this diversification of income sources. And the beauty is that you'll never know what in 2 years your major source will be. My main sources of income are coming from my investments, the members of my online investing information service and my job (when I have one).

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Jai Catalano link
5/5/2012 11:42:21 pm

That's great. I just started investing again. I lost years of not doing it but in the last 2 months I have started to put more of my foot in the water. What is your job? "When you have one."

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Jon Rhodes link
5/6/2012 08:59:43 pm

Interesting post Jai. I make the majority of my income from my hypnotherapy sites. I am also a landlord and make a little there, plus a tiny amount blogging. I am thinking of maybe investing in an offline business, such as a restaurant. Just gotta weigh up the risks!

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Jai Catalano link
5/6/2012 10:44:38 pm

What kind of restaurant?

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    Jai Catalano

    There are 3 things I can't change... my 2 kids, my 1 wife and my 0 rights.

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JAI CATALANO - Photographer | Videographer | Editor
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