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Why Multiple Streams Of Income From One Business Is The Way? | My Online Business Empire
Home > My Top Tier Business > Why Multiple Streams Of Income From One Business Is The Way?

Why Multiple Streams Of Income From One Business Is The Way?

A while back, there was a very popular way of making money and it hit mainstream mainly because of a book called Multiple Streams of Income.  The author created another book called Multiple Streams of Internet Income.  For a while, this worked like magic.  You could go and create a little money site and you’d be profiting pretty handsomely.  This used to work in the past but not so much today.  There’s just way too much competition in every niche to be able to pull this off today.  Unless you have a huge team of talented people to run each site full time, it’s a failing business plan.

A much better plan today is to create multiple streams of revenue from the same business.  You can do this by offering different products, services and other opportunities to your customers at different price points ranging from low to high.  Here your leveraging multiple streams of income but the big difference is it’s coming from the same customer base.  This is what a winning business model is in today’s online economy.

A good way of doing is to think about the lifetime value of each customer and to keep increasing it over time.  If an ideal customer bought each offer you had out there, what would the lifetime value of the customer be:

  • $47?
  • $500?
  • $2,000?
  • $9,0000?

This is what you should be thinking about each day.  You should be asking yourself; “What can I do to make this business more profitable?”  Don’t take this stuff lightly.  If you’re serious about building a profitable online business, this should be literal gold to you and can save you years of wasted efforts.  It’s a small shift in your mindset but it creates a very powerful result in your profits and how you run and set up your business for the long haul.

Watch the presentation from the link above and you can immediately have setup a business with a customer lifetime value of $1k, $3k and $5k.  ($9,0000+ per customer LTV).  All you have to do is watch the presentation and then start building your new revenue streams in this one business.
If you have any questions, feel free to leave a comment.
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