How to leverage your current ideas and products into multiple
revenue streams
Diversify - to make diverse, give variety, to balance, to divide
securities in different industries, to produce variety, to
engage in varied operations.
Diversification is a wealth building strategy; it is also an
excellent method for becoming more profitable. By working on
your business instead of in it you can remain focused on the big
picture and clearly see the best options for creating multiple
revenue streams.
If you sell products you can offer them in different sizes,
combine them with other products of yours or with complimentary
products and sell the value added package at a higher price
point. If you have a service business you can offer different
services and programs at different price points.
By developing multiple revenue streams you spread out your risk
and the costs of marketing and customer or client acquirement
and boost your profits. It