How to Diversify Your Revenue Streams
As an independent business owner, diversifying your revenue sources can expand your earning potential. Doing so can be as simple as taking the expertise and resources you already have and transforming them into online courses, speaking opportunities, digital products, and more.
In this month’s guide, you’ll learn tips for how you can grow and diversify your revenue streams. Empower yourself to leverage the whole range of your abilities, hobbies, and interests to create a thriving business.
This month’s guide covers how to:
How to Diversify Your Revenue Streams
Create an online course that drives impact
Learn everything you need to know to create an exceptional online course. Steph Woods shares her best tips that are a surefire way for you and your students to be successful. Ditch the typical online course launch strategy. Amanda Warfield teaches you how to build momentum and hype before your launch that brings in hot leads.
Explore speaking opportunities:
Learn four key actions to start diversifying your income with speaking opportunities from Bailey Thibodeaux. She teaches you tried and true practices that will help you secure speaking opportunities and grow your income in no time. Want to learn how to sell digital products using automation so you can generate passive income on the side? Claire Bough teaches you how to transform part of your services into a template, online course, workbook, or other offering and allows customers to purchase them on their own time.
Monetize Digital Products:
Selling digital products on autopilot has never been easier since the rise of short-form video. Elise Darma shares everything independent business owners need to know to sell digital products on autopilot. While most independent business owners depend solely on Instagram, there are other ways to get in front of your ideal clients. Molly Ho teaches you how to create digital products that provide value in multiple ways. Ready to market your upcoming product launch? Aleya Harris outlines six effective ways to market your upcoming launch. She shares everything you need to ensure a successful roll-out that’ll have your ideal clients eager to make a purchase.
As an online course creator, you never want your students to walk away from their experience feeling disappointed. That can happen when expectations are misaligned or the curriculum isn’t designed to engage and excite learners. Don’t let this happen to you. Steph shares her most effective strategies to help any independent business owner create an outstanding online course.
Are you waiting until launch week to begin marketing your new course? Ditch the traditional launch plan and check out Amanda’s tips for how to generate momentum, leverage your waitlist, and drive sales for a successful launch. You’ll have the tools you need to launch a successful course this time and every time.
With these actionable tips from Bailey, you’ll be well on your way to booking your first speaking engagement within a few months! Start diversifying your income with speaking opportunities at conferences and other events with her tried-and-true method for securing speaking engagements.
Check out best practices for automating the sale of digital products so that you can earn income without lifting a finger. Offer an on-demand service such as an online course or workbook that clients can access at their convenience. Claire shares everything that independent business owners need to ensure success!
It should come as no surprise by now that video is a powerful marketing medium that can help you reach your target audience. And when it comes to selling digital products, short-form video content should not be overlooked. Elise explains how to create engaging video content so that you can kick-start your diverse income strategy and sell your digital products with ease.
Aside from Instagram, there are a number of additional ways to get your brand in front of your ideal clients. Molly teaches you how to design digital products that have numerous uses and deliver multiple benefits for your business. The most important thing you can do for your business is to create digital goods that benefit your clients and drive success for your business.
No matter how far along you are in your empire-building path, your next launch is imminent and you need a well-thought-out marketing strategy to support your goals. Aleya provides six tips for promoting your impending product launch. She gives you all the information you need to make sure your launch is a success and that your ideal clients are excited to purchase.
Disclaimer: The advice featured in this guide and on the blog was sourced from our community members for sharing general information and knowledge. For specific legal, financial, tax, mental health and professional advice, please consult an authorized professional.