In this post, I wanted to talk about the Indie Stack. What is it, why we need it, and a few examples of indie stacks.
What is an Indie Stack?
That's a question that's been on everyone's mind. What is an indie stack? First, let's start with what stack means in this context. If you're a developer you'll be familiar with a stack. In development terms, a stack is a set of technologies that are used to build a program. If we apply that to business and entrepreneurship, an indie stack is a set of businesses and income streams that are combined to create an individual's income. An indie stack could be one income stream (not recommended) or 10 income streams (very awesome, but very hard to achieve). The more income streams an individual owns, the better off they will be.
Why we need it?
So you're reading this and thinking, why do I need to know what an indie stack is and why do I need it? Let me start with the number one driver one why individuals become entrepreneurs. They want to be independent! They want to own their own lives, not have a boss, do what they love! Another way to look at is, a job is risky. Working for a company and that income being your sole income is very risky. This is why you need an indie stack. More income streams equate to less risk.
Examples of Indie Stacks:
There are almost an infinite amount of examples of indie stacks an individual could build. Below are a few examples.
- Freelance designer ($2000/month) + paid newsletter ($300/month) + stock dividend portfolio ($500/month)
- Real estate rental income ($2500/month) + SaaS business ($1000/month) + podcast ($200/month)
- Twitch streamer ($500/month) + YouTube Channel ($300/month) + Course ($200/month) + eCommerce Store ($1500/month)
Attached is a visual example!
Post below your indie stacks! 👇