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Smart entrepreneurs (small start-up and big business archetypes) notably understand the undeniable financial benefits for establishing multiple revenue profit channels. Most business beginners myopically see only what is in their face, while seasoned entrepreneurial influences operate increased profit streams by seeing the world and all its opportunities from a panoptic perspective. Did you know that every product and service contains more than a single surface of profitable possibilities? What might you be missing as you examine and reflect upon your current product- or service-line offerings that can open up new profit stream potential for your business? That is our focus on this edition of, “The Strategist Radio LIVE."
Did you join an mlm? Do you make jewelry? Are you an online marketer? No matter what you do for your main home business, you need to create multiple streams of revenue. We will talk about why and we'll give real world expamples of how you can add other revenue streams to what you already do.
Doing four totally different businesses with different target markets is the wrong way to establish multiple streams of income. Why?
1. You appear schizophrenic to everyone you meet.
2. You waste time and energy working to capture the attention of multiple markets.
3. Your mind has to keep track of systems and information for four companies.
How to Create Multiple Streams of Income – The Right Way
There are two ways to create multiple streams of income that make sense:
Same target market, multiple offerings.
Same offering, multiple target markets.
Starbucks does have a number of multiple streams. In their stores, they sell coffee machines, mugs, chocolate covered coffee beans and lunch items. You can also purchase their coffee and bottled frappucino in grocery stores and I’m not sure if it’s nationwide yet, but Starbucks just launched a line of ice cream.
Any online business has set up multiple streams of income. The second way to create multiple streams of income is to market the same product or service to multiple markets.
Ex. Zukul--mention all their different products and how how have access for 1 fee instead of multiple companies paying a fee to each and you can sell the products separately.
People who should listen to this show are career coaches, entrepreneurs, affiliate marketers
answer is yes. The benefits of having of several sources of income include:
1. It’s easier to create several small income producing streams over one large one. For example, it’s easier to create three streams that earn $1,000 than one stream that earns $3,000.
2. It reduces the risk of being left without any income. If you’re laid off or one source of income drops, you have other sources to help you get by. Especially in home business, which has an ebb and flow, you can offset the ebbs through having more than one source of income.
3. It helps you avoid boredom in work by having different things to do every day
4. You can create income streams based on your interests, talents and passions.
1. Take out a piece of paper and write your main business product or service in the middle to start a mindmap. If you’re a virtual assistant, you’d write VA in the middle of the paper.
2. Create four spokes titled “Products,” “Services,” “Advertising/Affiliate,” and “Other” off of your main product or service.
3. Create spokes off of each of these options with ideas on how you can make money at them.
People who should listen to this show are home-based business owners, entrepreneurs, under-employed, coarre coaches
Intuition is an innate spiritual gift that you can use to create multiple streams of income you are passionate about or love to do. In this Launch Talk conversation, Darlene Pitts shares how to use your intuition to achieve success with new and existing businesses.
Our Guest: Darlene Pitts is an Intuition Consultant, Speaker & Author of Let’s Talk Intuition and Discover Your Intuition. She teaches intuition development courses and uses her intuition in consulting with individuals, businesses, and law enforcement. She is also an Inspirational Photographer, a Graphic Designer, and a Senior Information Security Analyst for a global corporation.
Your Host: Tai Goodwin is a Launch While Working coach, speaker and author of the upcoming book: You Don't Have to Quit Your Day Job: How to Pursue Your Passion, Start a Business and Still Take Care of Home. Co-host of #smallbizchat, she blogs at at www.taigoodwin.com and is editor-in-chief at Launch While Working.com.
Join me Boundless Lola This Saturday morning to talk about Multiple Streams of Income and what that means to you! Every person should have at least 7 Streams of Income flowing into their lives from various different sources to make the both recession proof and lay off proof. How is this developed? Does that mean getting 7 jobs? Do I have to have seven different businesses? What are you talking about Boundless Lola??
Well, jum pon the line with me tomorrow morning and lets have an enjoyable time sharing and breaking down how you too can stay afloat with Multiple Streams of Income!
Leverage Your Network for Multiple Sources of Income
In this episode of Own Your Career host Rod Colon will answer your career management and job search questions plus ...
9:00 PM: Leverage Your Network for Multiple Sources of Income:
What do you do if you have one main client and for some reason the work from that client dries up? Perhaps the client goes out of business or goes in a different direction or just has a lull in business? Your main source of income is then gone. Which is why it's crucial as the CEO of Me, Inc. to have multiple streams of income. That's easier said than done. Tonight Rod will discuss several options for the CEO of Me, Inc.
9:25 PM: Author’s Corner with Kathleen Brady on Get a JOB!
9:45 PM: Live Coaching … taking your questions and comments 347-857-3320
See you on the radio …
Own Your Career and Keep Networking alive ...
Host Jeanette Aro, welcomes Crystal O'Connor to her show episode, How to Create Multiple Streams of Income from your Passion.
Crystal O’Connor has spent 20 years mastering sales and marketing skills in 4 major industries. She’s helped hundreds of small business owners develop razor sharp marketing campaigns and break sales records.
As a sales executive she consistently broke sales records and landed accounts others deemed impossible. She now teaches women how to start a business from scratch while taking them to six figures and beyond fast. In three short years alone Crystal launched 3 businesses that are making money every day.
Her coaching business, The Moxie Entrepreneur surpassed six figures in just 9 months. Often referred to as the ‘closer’ she knows what it takes in sales and marketing and isn’t afraid to spill the beans on what works and what doesn’t for small businesses wanting to take leaps in revenue.
Join Mocha Soul™ & Chino (Patrick Prevost) for an intimate, yet fun, discussion about the highs and lows of Sex and Multiple Sclerosis. Get ready for plenty of laughter, advice from your friends and suggestions from an expert! Can't wait to talk to you on the radio. ?#MS?. ?#Love?. ?#Friendship?. ?#GoodMusic?. ?#ChocolateWine?. ?#MochaSoulRadio?. --- CALL IN #: 646-478-5265.
Psalm 51:9-11 says Hide Your face from my sins And blot out all my iniquities. 10Create in me a clean heart, O God, And renew a steadfast spirit within me. 11Do not cast me away from Your presence And do not take Your Holy Spirit from me.…And its a verse of scripture I should pray each day God allows me to rise from my sleep. To both start and end the day with acknowledging to the Lord we constantly and daily need to be purified of our hearts and minds. What does it take for God to clean our hearts? What must we come to an understanding of? First, we must confess we can not clean our hearts through human effort. We need to allow the Holy Spirit to have access to all of our hearts and navigate to those areas we don't want to reveal. Confessing our sin and short comings afterall is no fun. But it does lift a very heavy burden and weight we could not carry ourselves. For without a clean heart how can we worship the Lord in spirit and in truth, how can we love others in purity, love and respect, as well as having right attitudes. If left unchecked, we can miss out on Gods very best for us when we don't allow him to continue what he started....a potential masterpiece when we allow him free reign to create in us a clean heart which frees us from the bondage of sin.
Peter Mingils explains how $1 Promo generates income on Building Fortunes Radio. www.buildingfortunesradio.com
Peter Mingils owns PM Marketng and it's popular domain is on www.networkleads.com . On this readio show, Peter Mingils discusses the topics related to building a large and successful home based busness and how that can happen starting with the Dollar Promotion. If you're looking to get past all of the hype and BS out there, Peter will help you.
Peter owns NetworkLeads http://www.networkleads.com
http://www.buildingfortunes.com is an affiliate program.
For previous Building Fortunes Radio Shows, go to: http://www.buildingfortunesradio.com
For questions, always call (386) 445-3585
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