EP 30: How to Create Multiple Streams of Revenue (+ What to AVOID!)

Being an entrepreneur and supporting yourself with your own business can mean that your income can fluctuate a LOT from one month to the next—and that can be scary and stressful, making it NO FUN to “be your own boss.” BUT! There are things that you can do to create a stable cash flow month over month so you can work less and earn more. You can diversify your income and develop multiple streams of revenue to really stabilize things. This also ensures that you’re earning a consistent amount of money every month and ultimately getting rid of the stress and enjoying the process of actually running your business a whole lot more. However, there are some traps you can fall into as you try to create multiple streams of income. These mistakes can prevent you from successfully developing your multiple streams, keeping your business small, and ultimately wasting a lot of your time—and, in some cases, you might end up working MORE and earning LESS which is not what we want! Listen to the full episode to hear: * Types of income vs revenue streams * A simple, step-by-step process you can follow to start developing multiple streams of revenue * Big mistakes to AVOID so you don't waste your time on efforts that won't pay off * Best revenue streams for people who are just getting started Links: * EP 19: Courses VS Membership Sites & How to Decide Which Is Right for YOU (https://gillianperkins.com/19/) * Attract Paying Customers Action Plan (https://gillianperkins.com/attract-paying-customers-special-offer/) * Join Startup Society (https://www.gillianperkins.com/startupsociety) (promo code: earnmore) * Startup Society (https://www.gillianperkins.com/join-startup-society/) * Profit Planning Challenge (https://www.gillianperkins.com/plan-your-business-for-profit/) * Get in touch! (https://gillianperkins.com/contact-podcast-form/)

Om Podcasten

Work Less, Earn More is the podcast that explores how to get the most out of every hour you work. Gillian Perkins brings more than a decade of experience as an entrepreneur and educator to help you design a business that's not only flexible and fulfilling, but highly profitable. She shares strategies that are working in her own business to save time and maximize profits. She also features interviews with successful business owners on how they’re achieving big things in their businesses with crazy-little time investment. Share Work Less, Earn More with an overworked entrepreneur you know who could use a change of pace!