Multiple Streams of Income For A Service Business
Do you want to stop exchanging your time for money, and make money without working 70 hours every week?
If that is your goal for your service business, you should look into using a multiple streams of income business model for running your business. To me this is the ultimate business model for those who are looking to not exchange time for money, but to still earn a good living.
The idea is to create products (books, e-books, reports, audio recordings, seminars, etc), with each product being a new income stream. Now you are not just earning money from your services, but you are also earning them from each one of your multiple income streams.
Many of my income streams are completely automated – my buyers can buy my reports, e-books and audio recordings without any involvement on my part. My shopping cart processes the payment and allows the buyer to download the product after the payment is processed. I just get e-mail notifications of a sale.
With seminars I still teach them, record them and they turn into another product, audio recordings.
I find that selling my products is an additional great way to make money with my expertise. My clients receive the information they need at a lower price point, than if they were to engage my services. I am able to sell many products, because I do not spend any time on the sales/delivery/fulfillment process. A win-win for all.
Since starting to create my products, I have been decreasing the number of service clients I work with, while increasing my revenues.
If you’d like to learn how to create your own products, get my FREE recording, How To Create And Sell Your Own Information Products Audio at
https://www.avocadoconsulting.com/rlinks/zbusiness
Biana Babinsky