Tag: streams

Developing Multiple Streams of Income for Your Home-Based Business

Many home-based business owners have a single service or product they provide. They may sell e-books or crafts or speech-writing services. Specializing in one area is good for many reasons. For one, it makes marketing easier and helps that business build a solid reputation in one area.

Although specialization has its benefits, businesses who derive all of their profit from a single area are overall more susceptible to economic fluctuations and less profitable long term.

How to Turn Hidden Assets into New Revenue Streams

When business owners develop revenue sidelines, they are creating revenue safety nets. Though they may not know it, they are also creating an inexpensive means of expanding their businesses. Having alternate revenue streams can also produce unexpected sales treats, like icing on a revenue cake. In fact, occasionally the sidelines become mainlines!

“Okay,” you say, “In theory this makes sense. But how do I create sidelines?” Here’s how.

* Find new uses for your existing products. Take the case of.

Multiple Income Streams: avoiding Starving Artist Syndrome

If you’re a creative, the chances are high that if someone is making a buck from your talents, it’s not you. We writers, artists and designers aren’t good negotiators. We love our work, and we’re happy that someone wants to pay us for it. It takes us a while to realize that while everyone else is doing nicely from our work, we’re not.

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