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Create Success in Your Business with Multiple Streams of Income

In order to have a successful business, you should create a business plan that includes multiple streams of income. The reason for this is to avoid being dependent upon one option for the survival of your business. As we know, with recent economic conditions, there can be a downturn on any one venture. As well, having multiple streams of income opens your business up to achieving a higher level of financial success. I addition, you can reach a wider audience and expand your networking and message delivery. Here are some ways to add additional streams of revenue and expand your business:

  • Creating membership/Continuity programs
  • Group Masterminds
  • VIP Programs
  • Multi-level Coaching programs
  • Speaking Engagements
  • Hosting Live Events
  • Record and package backend products that include audio and visual components
  • Book Publishing
  • Social Media Management for Individuals and Organizations
  • Article producing for magazines and online venues on subjects in which you are an Expert
  • Creating “Done for You” services for fields in which you have expertise
  • Paid Tele-seminars
  • Paid Tele-summits
  • Quick Cash VIP “days” at hotels in large Metropolitan areas
  • Networking Tours where people pay to attend and you give Expert Mini Coaching

These should get you started as well as put you in the right mindset for creative thinking on how to create additional revenue in you business. Remember, creating multiple streams of income are key to your business and income success.

I invite you to leave your comments or any other ideas you may have for multiple streams of income. Here’s to you business success…

WANT TO USE THIS ARTICLE FOR YOUR EZINE, BLOG OR NEWSLETTER? FEEL FREE, BUT YOU MUST KEEP THE ARTICLE INTACT INCLUDING THIS STATEMENT AND CREDIT.  NISHA JACKSON, IS THE “REVENUE MAXIMIZATION EXPERT” A SOUGHT AFTER BUSINESS CONSULTANT,  SPEAKER & AUTHOR HELPING COACHES, ENTREPRENEURS & SMALL BUSINESS OWNERS CREATE WILDLY SUCCESSFUL BUSINESSES BY MAXIMIZING BUSINESS REVENUE. WHILE EARNING MORE AND WORKING LESS SO THEY CAN LIVE THE FREEDOM BASED LIFESTYLE THEY DESERVE. SIGN UP FOR MORE INFORMATION & THE  BUSINESS UNLIMITED (TM) NEWSLETTER @ WWW.NISHAJACKSON.CO OR EMAIL SUPPORT@NISHAJACKSON.CO FOR MORE INFORMATION.

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Posted in business, passive revenue, Profit, Revenue, sales, Startup, UncategorizedTagged , , , , , , , , , , ,

13 COMMENTS

Jyll Hoyrup - posted on

These are great ideas, Nisha! (weird, I cannot use caps)

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NishaJ - posted on

Thank you Jyll! Yes, it is weird, I can see the “caps” and correct usage of punctuation fine on the backend from which I am replying to you. I have put in a ticket to both WordPress and the theme creator. Thanks for making me aware.

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Gwen Serrotti - posted on

Some really Great tips here. Thank you. As an Entrepreneur you need to ensure that you have consistent income to not only grow your business but to also support those around you.

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NishaJ - posted on

Thank you Gwen. So true!

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Martha - posted on

Very extensive list of helps!

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NishaJ - posted on

Thank You Martha, I hope they come in handy for you.

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Anita Wells - posted on

Thank you for these ideas, I have been looking into different ways to get some income streams.

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NishaJ - posted on

You are most welcome Anita.

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Sundra Taylor - posted on

I love the tips. I have always wanted to start implementing the speaking engagements. I am just not comfortable getting in front of people. It’s something that I plan on doing before the end of the year.

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NishaJ - posted on

Sundra, start small with Facebook, Instagram live or mini events in your community. You can still give great value, sell your products and services. Also,charge a fee for in person events. These are the best ways to get used to speaking. Also, don’t forget about toastmasters.

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Yvonne A Jones - posted on

This is a great list of income streams. Many are quite easy to do but we often get stuck in our comfort zone and believe they’re not for us. Thank you, NishaJ.

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NishaJ - posted on

You’re welcome, Yvonne. You are right, consistency, activation and implementation are keys to maximizing revenue!

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Maria - posted on

Lists are always helpful and I devour them. My problem always comes down to the nitty-gritty, behind-the-scenes, implementation stuff, as what you see in the list is not what you always get. Thanks for this. Noted! 🙂

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