Entrepreneurs can explore a variety of revenue streams to diversify their income:
Product Sales: Selling physical or digital products directly to customers. Service Fees: Charging for services provided, such as consulting or maintenance. Subscription Models: Offering products or services on a recurring basis, creating a steady stream of income. Advertising: Generating revenue through advertisements on platforms like websites or mobile apps. Affiliate Marketing: Earning commissions by promoting other companies' products. Licensing: Licensing intellectual property or technology to other companies for a fee. Investments: Investing in stocks, real estate, or other businesses to generate additional income.