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! 

TIME-STAMPED SHOW NOTES:
[00:25] Today’s topic: Why You Should Diversify Your Revenue. 
[00:49] The problem of having only one revenue stream. 
[01:08] If you are in an agency, think about how you can expand your services. 
[01:39] LegalZoom could charge people for setting up their corporation and renewing it.
[02:00] Don’t diversify your revenue stream until you begin making some good money.
[02:24] A drop shipping business is a great way to launch or start.
[02:47] Consider the people in the restaurant business who put all their eggs in one basket. 
[03:15] It is easy to get into panic mode if your only income stream is hampered.
[03:31] Think about what your existing customers can also be buying from you. 
[03:52] Take one step at a time and don’t compare yourself to the billionaires. 
[04:38] To stay updated with events and learn more about our mastermind, go to the Marketing School site for more information or text us on 310-349-3785!



Links Mentioned in Today’s Episode:



LegalZoom

Andrew Wilkinson

Tiny Capital



Leave Some Feedback:


What should we talk about next? Please let us know in the comments below
Did you enjoy this episode? If so, please leave a short review.



Connect with Us: 


Neilpatel.com
Quick Sprout
Growth Everywhere
Single Grain
Twitter @neilpatel
Twitter @ericosiu



Learn more about your ad choices. Visit megaphone.fm/adchoices

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!  TIME-STAMPED SHOW NOTES: <ul> <li>[00:25] Today’s topic: Why You Should Diversify Your Revenue. </li> <li>[00:49] The problem of having only one revenue stream. </li> <li>[01:08] If you are in an agency, think about how you can expand your services. </li> <li>[01:39] LegalZoom could charge people for setting up their corporation and renewing it.</li> <li>[02:00] Don’t diversify your revenue stream until you begin making some good money.</li> <li>[02:24] A drop shipping business is a great way to launch or start.</li> <li>[02:47] Consider the people in the restaurant business who put all their eggs in one basket. </li> <li>[03:15] It is easy to get into panic mode if your only income stream is hampered.</li> <li>[03:31] Think about what your existing customers can also be buying from you. </li> <li>[03:52] Take one step at a time and don’t compare yourself to the billionaires. </li> <li>[04:38] To stay updated with events and learn more about our mastermind, go to the <a href="https://marketingschool.io/live">Marketing School</a> site for more information or text us on 310-349-3785!</li> </ul>   Links Mentioned in Today’s Episode:   <a href="https://www.legalzoom.com/">LegalZoom</a> <a href="https://twitter.com/awilkinson?ref_src">Andrew Wilkinson</a> <a href="https://www.tinycapital.com/">Tiny Capital</a>   Leave Some Feedback:   <ul> <li>What should we talk about next? Please let us know in the comments below</li> <li>Did you enjoy this episode? If so, please leave a short review.</li> </ul>   Connect with Us:    <ul> <li><a href="http://neilpatel.com/">Neilpatel.com</a></li> <li>
<a href="https://www.quicksprout.com/">Quick Sprout</a> </li> <li><a href="https://growtheverywhere.com/">Growth Everywhere</a></li> <li><a href="https://www.singlegrain.com/">Single Grain</a></li> <li>
<a href="https://twitter.com/neilpatel">Twitter @neilpatel</a> </li> <li><a href="https://twitter.com/ericosiu">Twitter @ericosiu</a></li> </ul> Learn more about your ad choices. Visit <a href="https://megaphone.fm/adchoices">megaphone.fm/adchoices</a>

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Marketing School - Digital Marketing and Online Marketing Tips

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...

Why You Should Diversify Your Revenue | Ep. #1474

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/19f582d9-c7e6-4be9-8e06-b0d20031fb32/transcript

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