Creating Revenue Streams

There are many different ways to create revenues streams

from what you do, whether you have a physical product, virtual product, service based industry, are a speaker, or a combination of things.

One thing that you will want to do over time is creating multiple REVENUE streams.

This is important because your product or services can be presented and marketed in different ways for different needs.

For example, someone that makes jewellery can make money selling their jewellery online, but they can also sell their expertise about :-

– how to make it,
– how to buy it,
– how to use specific materials,
– and how to sell it.

Every product or service has many different dimensions to it and the reason
that you want to look at those streams is because it allows you to have money coming in from different directions, which allows you to have more FREEDOM and FLEXIBILITY.

Remember: 👇
There are many ways to create add-ons to your current offerings.

One good way to generate ideas for additional revenue streams is to look back at the Problem/Solution.

If you’re already solving a problem, ask yourself if they still have a lingering problem, and if they do (which they do) create another solution for them.

Make the most out of each product or service.

I don’t know about you, but my time is valuable. In fact, MY CURRENCY IS MY TIME.

When I put things together I try to find different ways to utilize the same content—making the most from my efforts.

There is no need to continuously try to reinvent the wheel. If you create something it is in your best interest to find different uses for it.

A perfect example would be if you create and present a teleclass or a workshop and you record it.

From that recording you can have it transcribed, which would give you a written document that you can sell or give as an incentive.

You can also use it for newsletters, blog posts, content to place on other websites (article marketing), short mini videos, an audio program, or you could even package it with other content to create bigger products.

By doing things like this you can leverage your time to create multiple streams of revenue out of one thing that you did.