In episode #1261, we discuss why and how you should go about building different income streams within your business. It’s not about having multiple businesses, but about knowing how to monetize the various aspects within your sphere. Tune in to hear how you can optimize the low hanging fruit in your business!
TIME-STAMPED SHOW NOTES:
- [00:25] Today’s topic: How to Build Multiple Income Streams At Once.
- [00:37] Why you should attempt to build multiple income streams, and examples of what we do.
- [01:13] Developing a course that consistently makes you money.
- [01:39] Think of creative ways to monetize what you are already doing.
- [01:55] Taking one asset and putting multiple income streams around it.
- [02:20] Avoid starting too many things and keep streams related to one another.
- [02:47] The importance of having laser focus and when to expand.
- [03:40] Be careful of shiny object syndrome and jumping from one thing to the next.
- [04:30] Looking for low hanging fruit in areas that you have already invested in.
- [05:11] Establish your product and audience before trying to generate income from it.
- [05:37] To stay updated with events and learn more about our mastermind, go to the Marketing School site for more information.
Links Mentioned in Today’s Episode:
Leave Some Feedback:
- What should we talk about next? Please let us know in the comments below
- Did you enjoy this episode? If so, please leave a short review.
Connect with Us:
Discover Latest Episodes
In episode #2631, We discuss the unconventional success of YouTuber Sam Sulek, who gained 2.31 million subscribers in just one year. Despite defying conventional wisdom, Sulek's daily, long-form worko...
In episode #2630, We discuss the concept of "what's old is new again" in marketing. We highlight the importance of considering industry-specific strategies and adapting them to the current market cond...
In episode #2629, We discuss how to deal with ad fatigue in the ever-evolving world of marketing. We define ad fatigue as the decline in performance due to repetitive ads. Signs of ad fatigue include ...