How do you diversify the revenue streams of your company?

[Reedex]

It is important to diversify the revenue streams of companies in order to make the business grow very quickly. The diversification could be offering Consulting services and some other things.

 

[cherry123]

it might be possible if you are an employer but as an employee it might not just be possible.

 

[Shavkat]

It is a brilliant idea to have this. I am sure target clients can able to know more about the company and its products or services.

 

[IB D]

You can also diversify by offering new products or services to add with your established product/ services. In that way, you get Income from two sources which is a good thing for any business.

 

[cherry123]

Yeah it is good to diversify ones income so that one can have different avenues of making money.A lot of people need to know diversifying ones income is very important.

 

[Springtime]

I don't own a company. I am a freelancer working on translation. I am currently working on diversifying my revenue streams by offering business consulting service to start-ups and SMEs. I am getting pretty good feedback from a few potential clients.

 

[Passiveearner]

I do not run a business. However, if i were to run any kind of business, then I would try as much as possible to diversify my investments and invest money in the right kind of project.