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Creating Multiple Streams of Income

  • Broadcast in Business



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Here is how you can create multiple streams of income from just one business. For a professional speaker when they write a book about their specific date and topic they can take that one product and create multiple products. For instance, you can develop teleseminars, webinars, and coaching programs. Here is another example of how an individual can be in the same profession but have multiple roles. An actor for instance can be in front of the camera, he can also direct episodes TV show or a movie, and he can also write for the show. When you have your own business to start with you may very well where all the hats, although you may not do everything well, to either barter out services if you can't pay, joint venture with someone who complements your business so you can help each other, and also joint venture with someone else who has a product that complements yours and pay commissions on each other's sales. People who should listen to the show are entrepreneurs, home based business owners, executive coaches, career coaches, etc.