Advertisement Ideas: Creating Multiple Revenue Streams
I am often asked JDOGG How do you always seem to have enough money for what you want? The answer is simple I have created several ways to generate revenue. In todays economy it is important to have diversify and have many streams that produce revenue. There are several ways to create multiple revenue streams, some of them are:
1: Do a skills inventory coupled with your assets and your passion, then answer the question what problem or challenge can this solve and how can it be monetized. An example of this is an elderly women who was living on her social security check and barely making it each month. She looked inside herself and knew she was an excellent typist, she owned a fairly new computer with an up to date word processing program, she lived near a college and she began to put up fliers Bea’s Typing Service you write I type $5 per page call_______________. After a few months she began to get many clients from the college and was able to supplement her income not to worry about whether or not their would be enough money to make it. During the summer she would approach local professionals to see if they had any typing/word processing needs and would pick up more clients.
I first used this formula at age 12 when I formed ODD JOBS BY JONATHAN. I went to my neighbors and offered to wash their cars, walk their dogs, and do their grocery shopping. Between that and my paper route I did okay. Today I offer my skills as a voice talent, a PA Announcer, an emcee, and a marketing and media relations specialist. I help business to maximize their message.
2: Look at how you can create products with your knowledge and how you can create a demand for the information that you have. For example I have an mp3 called Getting The Word Out that I offer to help those seeking to maximize their message. There is a pitching coach that developed a DVD Pitching basics that he sells to augment his coaching fees. Information products can be done relatively inexpensively if you have a good microphone, decent audio software, and a good cd burner. The great thing about information products are they can be done one time and then duplicated.
Be a problem solver by utilizing your skills to help others and you will create additional revenue streams.
3: Look at creative ways you can be of service and value to others. For example a solopreneur is looking to promote his/her business and doesn’t have time to attend chamber events and other networking functions or they would like to have a booth at a trade show and are unable to man it. You could propose to be their spokesperson at events and charge a fee to so and thus create revenue for yourself.
4: Seek to partner with charitable causes as you will be able to network at their events and in many cases for a small donation you can have a table to promote your business. People like to do business with those they perceive as giving back to the community. You can even sponsor a day of giving at your location if you have a retail location or physical office.
The key to creating multiple streams of income is to create a plan and to work that plan and tweak the plan accordingly. There are many ways to generate revenue:
1: If you have a you tube channel you can use google Adsense and monetize your videos
2: If you have a blog that has large traffic you can sell banner ads and sponsorships
3: You can offer to give away welcome bags with a variety of items from vendors who will pay you to distribute them
4: You can host tele-seminars
5: You can develop items to sell on your website
6: Offer Affiliate Programs on your blog
7: Comment on other blogs with your link
The possibilities are endless when you begin to be proactive and creative in the marketplace. The biggest thing to remember is to ask people what services they might be seeking and to fit the bill to deliver those services.
Advertising Ideas: Examples of Revenue Stream Builders
People say many things about Donald Trump, however if you are looking for someone who has built a brand and created multiple revenue streams he is a prime example. His real estate ventures helped to build his reputation and then he branched out into a clothing line, then perfume, then TRUMP University, and then The Apprentice. By being diverse Donald Trump has become one of the most recognizable people in the world.
Nancy Matthews is a woman referred to as The Visionary With Guts, she has been helping business people to exceed their goals for over 20 years. She has a book, cds and dvds, hosts teleseminars, and speaks internationally.
Robert Kyosoki is best know from his series Rich Dad Poor Dad in which he teaches people about creating revenue streams and how to maximize their investments.
By looking at those who have created multiple revenue streams you can garner information to build multiple revenue streams for yourself.
Money can be generated is several ways. What are you doing to use it effectively?
