In a nutshell, multiple streams of income means your business has more than one way to make money. For example, sell products and services you sell. These are the different revenue streams. But that's just the beginning. Here are 10 ideas of different income sources you can use to improve the profitability of your business:

1. Selling a variety of services. Or they can combine their services into packages depending on what your typical customer is seeking. But be careful with this. Not too much. You want to offer different services or a choice of packages, but do not want too many choices, it is very difficult to market itself effectively.

2. Sell ??your own products. These may be products (books, courses of study in the home, CDs, special reports, etc.) or can be physical products. You can also group similar products in the product lines. Then you can increase sales, downsell or cross-sell products to different customers on your list.

3. Selling other people's products (or services). This is where you become an affiliate. Basically it works is once you are approved as a member, you get your own link. Every time someone uses that link and buys a product, can a percentage of sales. This percentage can range from 10 percent (most services) to over 50 percent.

Which brings me to my next tip:

4. Build your own affiliate program. Now you can get others to market their products and services, and the only time they get paid is when you actually sell something! Is not it great!

5. Create a teleclass, seminar, workshop or other event. This may be a contract for a class or series. (But if you do this, be sure to record it so you can sell those later.) The good thing about this advice is that it is a good mix. You can reach groups of people at the same time, while at the same time providing a personal touch.

6. License one of its programs or services. This is a neat idea if it works in your business. (For example, a coach may leave tools or program to other coaches.) Do not know much about this, but Suzanne Falter-Barnes sells a program that can teach you how.

7. Create a paid subscription site. Not only will you be getting regular income each month, but also building its customer base - people who are interested in purchasing your products and services. It's much easier to sell to people who are already customers to find new ones. People also like being part of a community, and become a member of something that is a good way.

8. Start a continuity program. This is similar to a membership site that charges a monthly fee for a product or service. Perhaps establishing a paid subscription newsletter or offer monthly training calls or interview successful people. Whatever it is, is something that people find valuable enough to pay a small but regular fee monthly.

9. Sell ??ads on your website or e-zine or whatever. This is probably not going to get rich, but could become a nice little source of income depending on how many people are looking for in your e-zine or web site.

10. The use of Adsense. This is when you allow Google to place their pay per click ads on your website or blog. In return, each time someone clicks on one of those ads, Google will pay you a percentage. Very ingenious program, eh? Anyway, I think this is one that has to be a bit careful. Most times I do not think people click away from your website is a good thing (especially because they will go to one of its competitors). But sometimes this is very appropriate. For example, perhaps you have developed a website or blog about a hobby. Or maybe create a website or blog to express the reason for the sale of Adsense. Once set, you just ca ^ SH controls.

Creativity Exercise - Find time to create multiple income streams

Probably the most difficult to create multiple income streams is to find the time, especially when its main activity is based on services. So, now you know how important it is, how can you find the time to start doing?

Here are some ideas to get you thinking:

* Hiring a Virtual Assistant (VA) or bookkeeper to take over some tasks that have nothing to do anyway.
* Create systems for your company so you can complete business tasks faster and more efficiently.
* Raise your prices so you can take on fewer clients and make more money.
* Spend a Saturday or Sunday to work on your business. (Be careful with this as it could end very quickly to burn.)

Get a pen and paper and do some brainstorming to see how you can find more time to start creating more revenue.

Thank you for this article, honestly is very informative.