TAS 248 : 5 Ways to Add More Revenue to Your Current Business (Untapped Opportunity)

There is no argument with the statement that we’d all love to see more revenue coming into our business. But there are tremendous disagreements about the best ways to create that revenue. Scott is convinced that the “how” is not important as long as you are increasing your revenue and he wants to see everyone who listens to his podcast do so as soon as possible. On this episode, Scott walks through 5 ways to generate more revenue that you may not have considered, and many of them are able to be attached to your existing brand by going for a market, not just a product. You can hear it on this episode.

The importance of multiple streams of income for everyone.

Think this through for a moment. If you put all your eggs in the “selling products on Amazon” basket, and Amazon changes things in a way that impacts your success, you’ve just lost all of your eggs. That means the money you were once making dries up overnight. Scott’s a great advocate of creating multiple streams of income to support your business and personal life. The more you have your income spread out the less vulnerable you are to the changes in any one platform. Today’s episode is filled with Scott’s insights into the ways you could launch some additional streams of income and support your life and business even more successfully.

Is there a book opportunity you could build off of your current products?

You probably haven’t thought of it this way but no matter what your product niche is, there are people who need to know more about that niche. There is probably an opportunity for you to create a digital book that you could sell on Amazon that covers some of the most important elements of the niche. You’d be providing a great service to would-be customers and creating an additional stream of income for yourself. Listen to Scott’s ideas about how to understand your market so that you can come up with ideas for additional streams of income.

If you have physical products is there a way to create a digital version of it?

It might require some creative thinking but many physical products can be pivoted into a digital version or a related product that is digital. There are so many ways you can create helpful things for people who are using your existing products and offer those items for sale. Creating additional streams of income is not as difficult as it might sound. You can do it - and this episode is full of ideas for how you can rethink what you do to increase your revenue.

You probably have a video course inside you. Yep. It’s true.

You may not be a technically oriented person. You may not know a thing about video. But you can be assured that there’s something you know well that others would pay money to learn. And more importantly, they would pay money to learn it in the WAY that you teach it. Scott’s got lots of ideas to give you about how you can create additional streams of income, and one of those is a video course that you can offer online or via DVD. You don’t have to be the expert on video, you can still create the course. Scott’s going to tell you how, on this episode.

OUTLINE OF THIS EPISODE OF THE AMAZING SELLER

• [0:03] Scott’s introduction to the podcast!
• [0:53] Scott’s invitation to you: Subscribe to the podcast and share it!
• [1:55] The international TAS connections.
• [4:39] The importance of multiple revenue streams for everyone.
• [6:53] Have you considered a digital product version of your physical product?
• [16:31] What about a video course? Do you have something to offer?
• [21:48] Special downloads that relate to your product.
• [24:27] Content creation that can be repurposed for additional revenue.
• [29:46] A story from Scott’s experience: GarageBand and music loops.
• [33:40] Scott’s tips to wrap up the episode - and a bit of homework.

RESOURCES MENTIONED ON THIS EPISODE:

• www.TheAmazingSeller.com/FB - Facebook group
• Entrepreneur On Fire Podcast
• www.ejunkie.com
• www.Etsy.com
• www.NichePursuits.com
• ww.TheAmazingSeller.com/workshop