In an early post I shared that everyone will be an affiliate of something, but that won’t be enough. The day of a single revenue source are behind us, we will need more than one revenue stream in order to survive in the new business landscape. Just selling real estate won’t be enough, or providing one consulting service, you will need to provide value added services, provide other products that are useful to your clients.
Most entrepreneurs are always looking for that next thing to sell, that next problem to solve, because they know that if they don’t keep solving problems, consumers will use the first person or business they find. The bigger issue would be, how do I stay top of mind, how do I ensure that I am found, and how do I know I’m being heard. You’ve read it here many times, make more than you consume. make more of whatever you are selling or whatever solution you are providing.
Now, it’s not enough to just slap some ads on your site, or sell more stuff than you used to, and call it multiple revenue streams. You need to think long and hard how these value added services or products will be incorporated into your business, into your marketing, and how you will handle orders….there is much to consider. You can’t willy nilly it for the sake of making a buck. Although there will be many who do just that, unfortunately I don’t have the power to make those individuals stop.
There many ways to go about finding multiple revenue streams, some simple, and some, not so simple. I like simple to be honest, here on owengreaves.com you don’t see too much complication here. I promote Headway Themes, why? I think it’s the best, if not the best theme for WordPress. So I can’t recommend the product enough. I even have a page dedicated to it, with a list of over 400 sites using the theme, I list them so you can see what others are doing with it.
What you may not know about owengreaves.com is, I also have my own webhosting company, I use it for clients and friends mostly, why? That’s another blog post, but, there are another 3 Billion people coming, many will need webhosting, I just want to be able to provide that service, and….solve that problem.
I spend the majority of my time studying trends, tons of data, and look for interesting things in human behaviour, why? So I can share with you my findings on the future of business, much is changing and most people in this space aren’t really paying attention to it. You would think, if that’s true, why do I spend so much time there? Simple, most aren’t, and I can help business owners and entrepreneurs create new ideas to adopt that future I’m talking about.
I do consulting work in many areas of my studies, think-tanks sessions, workshops, and I do alot of public speaking to ensure my message is heard. All are different kinds of revenue streams, all have a slightly different way of generating income. One or two will be your primary money shakers but, you will need a handful of ways to fill the bucket with coin.
If you haven’t given this much thought, if you haven’t sat down and looked at your business from this perspective, if you haven’t considered different products and services around your single revenue stream, you will have a difficult time surviving in coming years. The next 3 -5 years, not 10 or 20, the business landscape is changing faster than you think, and people aren’t going to tolerate you dictating, they won’t come to you, you will have to go to them. How, through a mobile device’s and virtual reality.
What ideas do you have to enhance your one revenue stream, have you considered having multiple revenue streams, 5 or 10 different revenue streams. And will these products and services be yours, most likely not, you will be an affiliate of most of them, but you will have your own. That’s where the profit margins will be greater, in your own products and services.
How do you see the landscape of business in the next 3 – 5 years from this perspective? Thoughts?
I was having this conversation and the topic became very clear, one revenue stream will not be enough in the future to make a living. Everyone will become an affiliate of something. I found this to be true here on owengreaves.com, I do workshops, public speaking and I have links to affiliate products and services. I also own a webhosting company called Billyhost.com, as you can see I don’t rely on just one for cashflow or a primary source of income.
The younger generations get this, they have multiple passions and want to experience them all. They do something different for each one to pay for those said passions. They find a product or service that is in-line with that niche or passion idea. We all must adopt this theology if we are going to insist on doing business on the Internet. Yes there will be a few exceptions but for the most part, most of us will need to leverage multiple revenue streams to be able to do the things we dream about. But survival will require us to think outside the box and align our passions with those niches that will help us make the most money.
In my workshops I help you find those alignments, show you examples of those who have gone before you. I’m trying to plug the workshop, I’m sharing that there many of us out here that are doing it, and doing it well. We want you to learn and grow, that’s why we share here on the Internet.
If you have read many of my blog posts, you will have found an affiliate link or two along the way. You will also notice that I have a page for Headway Themes, I am an affiliate of that product, it’s the best WordPress Theme on the market in my opinion, and based on the sales, many seem to agree. I sell Headway because I run a WordPress Blog, and I run a Webhosting Business, which means I build a site or two. It’s in-line with my interests and it helps me make money.
Simple right? Not really, but you get the idea. So if you were going to align yourself with an affiliate product, what might that be, how does it relate to the passion you are wanting to experience, how will it make you money to experience it?
When the other 3 Billion People get online, you will have a whole new market to leverage, and with 5.1 Billion here on the Internet, everyone will need to be an affiliate of something. What do you think?
I have been using Headway Themes here since January 2010, I have yet to find anything better when it comes to design and ease of use for a WordPress Site. I am providing the sneak preview video of 3.0 for you here, if you think Headway is for you, do two things:
1.) Watch the video first, then go to number 2.
Now many of you know I use Headway Themes here on Owengreaves.com, I’m a huge fan of the product, and the support community, it’s the best. I was going to put this on my Headway page but I thought everyone should know about this first hand, on my homepage, in your face so to speak.
I began using Headway Themes over a year ago, and I’ve met some savvy people in the Headway community, one in particular stands out, and is a young, sharp entreprenuer named Corey. Corey built a website dedicated to helping others use Headway Themes, and now Corey has gone a step further by developing a series of tutorials on video. The low cost of these video’s could possible save you hours of work. Be sure to checkout “How to build a Community Run Website with Headway Themes and Gravity Forms”. You can find these videos on HeadwayHub.com.
These videos will allow you to design and build effective community driven websites, there’s no need for programming knowledge, just follow Corey’s instructions….point, click, drag & drop, and SHAZZAM! Each tutorial is less than ten minutes long and contain simple instructions on how to build your community website.
You will love Corey’s gentle voice, leading you through each process, and they are simple and easy to follow, no fuss no muss. I highly recommend you get the series, Corey has wrapped it up in an easy to use package for you. Get it here.
I thought I would share this deal with you, Today Billyhost.com launched a promotion of Headway Themes, you get 25% OFF Headway with any purchase of webhosting from Billyhost.com. Headway is the Premier Theme for WordPress, I use it here on Owengreaves.com and I love it! In fact, I also started a list of sites using Headway Themes, see Headway in action, here is the list of almost 300 sites.
Here’s glimpse of the promotion, be sure to go to Billyhost.com for more information:
Ummm, a disclaimer, I host all my sites at Billyhost.com, why, because I own Billyhost.com! To take advantage of this deal, go to Billyhost.com!