Lesson Info
9. Key Takeaways
Lessons
Lesson Info
Key Takeaways
So here are my key takeaways on how to start building your next revenue stream. First of all interview, asked talk to your current customers, they are going to be able to tell you what they miss most about your business or service. Number two, Once you know what people want, ask them what price they are willing to pay, set your price, right. Number three. Look for ways to fund this new business or service and don't feel like you have to go to the bank. You can literally just start by pre selling your new product or service to your existing audience and for most people that's going to give them the exact or if not more right amount of capital that they need to get going and last, but not least take some time and make sure that all of the new revenue streams that you're creating aren't bringing your business down. But instead they are taking your business to the next level. That your profit margins are good, that you know, your numbers, you know, your net income, your gross profit, your ...
profit margins that you are on track, and that you know that these new revenue streams are going to help you hit that next level and reminds her you are not a failure for things that have happened, right, things happen in life and it's okay. True entrepreneurs know how to bounce back, figure out what to do next or what they need to do to take their career to the next level or to just take their business to the next level. And true entrepreneurs, we are great at pivoting. So this is just the beginning of something amazing.