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Multiple Revenue Streams – the Benefits, and How to Build them Successfully

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Money. Whether you have a lot, a little, or just enough to get by, most of us would like to increase our financial resources. You can do that through working hard and saving every penny or you can think outside of the box, ask questions, and create the multiple revenue streams that would allow you to increase your money with less effort and more ease.

The purpose of money is to change people’s realities. How many realities would you like to change? Are you willing to create the multiple revenue streams that would allow you to do that?

Here are my top three tips on creating multiple revenue streams successfully:

  1. Educate yourself about money

Educating yourself about money can be as simple as doing a Google search such as “What is wealth?” Or, “How do wealthy people get wealthy?” Or, “What are the assets that create revenue?” If you are willing to educate yourself on anything, you will know more than 99.99% of the people out there. People aren’t often interested in increasing their knowledge and if you are, you will know a little more about something and will be able to see the value that others are not.

  1. Use the money you have to create more money

There is a book by James J Hester called the “Penny Capitalist.” This was a revolutionary book for me. It’s all about using the money you have to create more money. After I read this book, I started doing what he said. I went to garage sales and estate sales and started finding things that were worth more than I paid for them. I built a portfolio of things that were worth something that I had paid pennies for, quarters for or dollars for. For example, I bought sterling silver earrings for 25 cents. Once I bought them, I stashed them. Two years ago, I traded them in and got $300 for what I paid $50 for. You’ve got to start to ask, “What are the choices I have that I haven’t considered.”

  1. Ask questions

 When it comes to money and creating multiple revenue streams, most of us immediately use our logical, linear way of thinking to try to come up with what will work. We look at research that has been done. We choose which direction to go based on logic. While there is nothing wrong with research and logic, they can only take you so far. Questions on the other hand, take you beyond your logical, thinking mind and open the door to possibilities you have never considered.

Rather than jumping to the “how” of creating multiple revenue streams, start asking questions. Here are a few questions you can start with:

  • How many revenue streams would be fun for me to create?
  • What other revenue streams are available that I have never considered?
  • What are the unlimited ways money can show up for me now?
  • Am I willing to give up having to compute, define or calculate how money will show up and allow it to come into my life in random and surprising ways? 

There is no limit to the amount of revenue streams you can create. Educate yourself about money. Use the money you have to create more money. Ask questions every day and allow multiple revenue streams to show up.

This guest post is courtesy of Gary Douglas. He is an internationally recognized thought leader, bestselling author, business innovator and founder of Access Consciousness®, a set of simple-yet-profound tools currently transforming lives in 176 countries. He has authored or co-authored 17 books including the Barnes and Noble #1 bestselling novel, The Place. An avid investor and entrepreneur, Gary is a vocal advocate of Benevolent Capitalism and conscious leadership. He co-hosts a weekly radio on Voice America and has featured in numerous TV shows, print media and online publications around the world. He is renowned for his unique insights on love, relationships, money, business, aging, leadership and emotional freedom.

About Gresham Harkless Jr.

Gresham Harkless is a Media Consultant for Blue 16 Media and the Blogger-in-Chief for CEO Blog Nation. CEO Blog Nation is a community of blogs for entrepreneurs and business owners. Started in much the same way as most small businesses, CEO Blog Nation captures the essence of entrepreneurship by allowing entrepreneurs and business owners to have a voice. CEO Blog Nation provides news, information, events and even startup business tips for entrepreneurs, startups and business owners to succeed.
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