Business Tip #5: How To Gain Multiple Streams Of Income [An Owners Guide To Not Screwing Everything Up]
Lessons I've learned along the way, so you don't have to.
Hello Steemers,
Welcome to my fifth post. If you are looking for the BEST business content, how to read and analyze your market, write the perfect business plan and steps to properly make your first million, YOU HAVE COME TO THE WRONG PLACE. Instead, I will teach you things I've learned along my way to get where I am now. Things that if I would have done right the first time or would have known, would have shaved days, months, or even years off my journey. Along with a ton of headaches!
Tip #5: How To Gain Multiple Streams Of Income
A common similarity between most of my successful mentors, is the fact they have several sources or streams of income monthly. Some big, some small, but they all add up in the end
Here's how you can build an empire using multiple streams for yourself, just by selling your products.
Website - Most of the other channels will funnel through your website, so make sure its clean, crisp, easy to understand and up to date. The majority of your sales will come through here. Wordpress, Square Up and Shopify are all great platforms for your website and allow for easy sales conversions.
Your Facebook Page - Once a day, post a link to your website where people can purchase your products. Include any and all promotions here.
Facebook Ad - If your Facebook Page doesn't have many followers, consider placing ads on this platform that lead to your website. You will be able to narrow down who see's these advertisements by using Facebook Ad Targeting filters, which is very valuable.
Your Instagram Page - An up and coming platform for sales and underutilized. Post your sales ads up to 3 times a day for maximum results, spacing them out every 4-5 hours starting at 10am Pacific Standard Time. Each time you post a new ad, delete the previous ad posted hours earlier. Captions should include the text "link in bio" as well as your website. Link in bio refers to the website link you put in your profile. Customers will click this link to purchase.
Instagram Ad - Similar to Facebook Ads, but slightly unorthodox. Keep your ads clean and easy to understand. You will have roughly half a second to get someones attention while they scroll down their feeds.
Youtube - Post Buy Now links in your captions for all videos and keep them consistent. After watching the videos of your product in use, it will be the place customers will go to purchase. Youtube is a great platform because once your video is posted, in theory, it never dies. People will continue to see it daily.
Steemit - At the bottom of your Steemit posts include links where customers will be able to find you.
In House - Have a physical office location? Allow local customers to come in and purchase during your office hours.
Amazon.com - Perhaps one of the best online platforms. User friendly with tons of exposure. If you don't have your product up on Amazon yet, your'e definitely missing out. Potential for massive gains.
Ebay.com - The older generation still loves ebay and should be able to pick off a decent amount of sales. Buy It Now and Best Offer features are preferred, as listing in auctions are hard to predict.
Retail Stores - Brick and mortar locations are a great way to move a lot of product consistently. A lot of work, but well worth it. Contact the buyers of the stores your'e looking to get into and set up a meeting to show your products.
Ad Revenue - If your Social Media pages are 50,000+, you have something very valuable. Consider offering other companies ad rates to advertise their product onto your pages.
Affiliates - Give commissions to your Team Members for every sale they get for you. Giving each Team Member a unique coupon code to your website is a great way to increase sales overall. Win Win situation for both of you. A discount code for each member for 10% will also give their customers an extra reason to purchase through them. Industry standard commission rates typically fall around 10-15% of the final sale.
Comment below with Topics you'd like hear next!
Hope you enjoyed!!
Bryan
About The Author:
*Bryan F., 33 years old, CEO of Lip RipperZ inc (Brands Lip RipperZ and Bass Dynasty).
*Fishing tackle products sold to 1200+ locations around the USA.
*Sole Proprietorship 2004-2008. Incorporated 2008-Current
*Instagram: @BassDynasty @LipRipperZinc @wolves_of_fishstreet (personal)
*Facebook: @BassDynasty @LipRipperZinc
*Youtube: @LipRipperZinc