Identifying revenue streams involves understanding your target market and the value your product or service provides. Entrepreneurs can explore various revenue models such as:
- Sales: Directly selling products or services. - Subscriptions: Offering a recurring service for a regular fee. - Freemium: Providing basic services for free while charging for premium features. - Advertising: Generating income through ads placed on your platform. - Affiliate Marketing: Earning commissions by promoting other companies' products.