How to Create Multiple Revenue Streams for your Home Business

Written by Daegan Smith


Continued from page 1

5.Sell ad space: Try selling ad space to advertisers who are interested in your target market. A site that sells specialized pet services like a kennel or a pet hostel might be interested in advertising to pet owners since it is usually a big question for a family going on a vacation to leave their pet in safe hands.

6.Create a joint venture with like-minded businesses: Another option would be to create a joint venture with other businesses. Align your services with, say, a dog-training agency. You could set up an arrangement where you earn a portion ofrepparttar profits on any sales you send his way. Then, write a quick e-mail promotion about his service and send it to all of your customers who live in his area.

7.Start an affiliate program: Finally, start an affiliate program to promote your site. You could do all your selling yourself . . . but why would you? Think about it--you boost your visibility when your affiliates start publicizing your site, you gain credibility with your affiliates' customers, and you simply make more sales! You can get some more ideas at:

http://developers.evrsoft.com/article/web-development/miscellaneous/how-to-leverage-your-curr.shtml

This is not all. You can pull additional sales from existing customers by investing in customer relationship management and data mining. Data mining systems allow companies to target a broad range of customers with common buying characteristics as well as narrowrepparttar 100459 target down to individual customers. Targeted e-mail, for instance is more effective than broadcast email. Companies such as Amazon.com do a great job of suggesting choices based on past product purchases.

Another major source of new revenue for an online company is “Digital Content”. Digital content is basically kind of information that can be downloaded byrepparttar 100460 user for a certain fee. Digital content ranges from music, movies, photographs, news and information, interactive multiplayer games, books magazines and almost anything else that can be digitised. Revenues may come from pay per use of subscription or purchase for downloads.

For an imaginative business ownerrepparttar 100461 possibilities for creating new revenue streams are limitless. Diversifying is great; diversifying is fun, but a word of caution here. You must make extra sure that your revenue channels are complimentary to each other and that you never, never forget your core customer base. These wererepparttar 100462 first people to buy from you and these arerepparttar 100463 ones who are still most likely to come back with repeat orders.

Generating multiple revenue streams isrepparttar 100464 most logical solution to turning your online investments into a profitable and sustainable business. Let your imagination run lose, plan in detail and be prepared to work real hard; having 3 sources of income compared to one never hurt anybody!

Also see:

http://www.powerhomebiz.com/vol116/revenue.htm

Perfect Home Based Business Opportunities - The Net’s Top Growing Source for Home Business Information.Attention:Free Web Site Content


Tough Times Never Last, But Tough People Do!

Written by Carol Oon


Continued from page 1

Yes, I finally foundrepparttar secret to my crazy "Internet success" and, once you find it, your business will bring you unspeakable joy. You'llsee thatrepparttar 100458 nightmare of trying to make your business work was just a passing breeze ~ nothing compared torepparttar 100459 satisfaction and achievement success brings you.

Persistence is one ofrepparttar 100460 most important keys to success ~ onrepparttar 100461 Internet or in life. Don't give up easily, especially when you're just starting out. Giving up is one ofrepparttar 100462 main reasons why many people don't achieve financial success. Success could be just aroundrepparttar 100463 next corner but you'll never know if you stop before you get there.

Worthwhile goals don't come easily. But, are you content to live a life of disappointment and frustration rather than go that extra distance to achieve them? Henry Ford and Thomas Edison were just like you and me. The quality that set them apart was persistence!

It's persistence that will lead you torepparttar 100464 fulfillment of your dreams. You may need to struggle through times of disappointment and even ridicule but if you stick with it . . . dreams do cometrue!

And so, my friend, through all of life's struggles, pain and frustration, never think of giving up. I encourage you to berepparttar 100465 "tough" one who won't allow quitting to be an option.

Asrepparttar 100466 saying goes, "you are never a failure until you fail to try" ~ so just keep trying. Remember, "tough times never last, but tough people do".

By Carol Oon, Marketing Coach with http://www.businessreviewsnow.com. Now, you can download a free copy of Instantly Gain Master Marketing Rights to an Arsenal of 100% Profit Software Products!


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