Why You Should Diversify Your Revenue | Ep. #1474

<p>In episode #1474, we discuss why you should think about diversifying your revenue. If you rely on a single revenue stream, you risk getting into trouble when the economy takes an unfavorable turn. Tune in to hear when the best time for diversification is! </p> <p><strong>TIME-STAMPED SHOW NOTES:</strong></p> <ul> <li><strong>[00:25]</strong> Today’s topic: Why You Should Diversify Your Revenue. </li> <li><strong>[00:49]</strong> The problem of having only one revenue stream. </li> <li><strong>[01:08]</strong> If you are in an agency, think about how you can expand your services. </li> <li><strong>[01:39]</strong> LegalZoom could charge people for setting up their corporation and renewing it.</li> <li><strong>[02:00]</strong> Don’t diversify your revenue stream until you begin making some good money.</li> <li><strong>[02:24]</strong> A drop shipping business is a great way to launch or start.</li> <li><strong>[02:47]</strong> Consider the people in the restaurant business who put all their eggs in one basket. </li> <li><strong>[03:15]</strong> It is easy to get into panic mode if your only income stream is hampered.</li> <li><strong>[03:31]</strong> Think about what your existing customers can also be buying from you. </li> <li><strong>[03:52]</strong> Take one step at a time and don’t compare yourself to the billionaires. </li> <li><strong>[04:38]</strong> To stay updated with events and learn more about our mastermind, go to the <a href= "https://marketingschool.io/live" target="_blank" rel= "noopener">Marketing School</a> site for more information or text us on 310-349-3785!</li> </ul> <p> </p> <p><strong>Links Mentioned in Today’s Episode:</strong></p> <p> </p> <p><a href="https://www.legalzoom.com/" target="_blank" rel= "noopener">LegalZoom</a></p> <p><a href="https://twitter.com/awilkinson?ref_src" target="_blank" rel="noopener">Andrew Wilkinson</a></p> <p><a href="https://www.tinycapital.com/" target="_blank" rel= "noopener">Tiny Capital</a></p> <p> </p> <p><strong>Leave Some Feedback:</strong></p> <p> <