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#20: Top Ways to Diversify Your Income in 2024
Manage episode 397211062 series 3511640
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In today's episode we discuss the importance of diversifying income for health and wellness & soulful entrepreneurs. I share my personal experience with burnout and the realization that a one-to-one business model was unsustainable. We explore various ways to diversify income with practical tips for overcoming tech challenges and pricing digital products. We also introduce the concept of offer mapping and building a business model that includes multiple revenue streams. The episode concludes with a reminder to choose revenue streams that align with expertise and the needs of ideal clients.
Chapters
00:00 Introduction and Personal Experience with Burnout
01:22 The Importance of Diversifying Income
02:18 Moving Beyond a One-to-One Business Model
03:13 Identifying Opportunities for Diversification
04:17 Creating Online Programs and Digital Products
05:17 Exploring Membership Programs
06:01 Overcoming Tech Challenges in Creating Online Programs
07:28 Considerations for Program Length and Support
08:57 Determining Pricing for Digital Products
10:49 Benefits of Membership and Subscription Services
12:43 Utilizing Affiliate Marketing
15:33 Offer Mapping and Building a Business Model
19:21 Summary and Conclusion
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Empowered Marketing Unleashed, the podcast dedicated to empowering online entrepreneurs to unleash success through effective online marketing, savvy social media strategy and adding new revenue streams using your amazing skills. I’m Cass Duffill and I’m excited to share this journey of empowered marketing success with you!
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