WEB MARKETING SCIENTISTS

How To Tap The Online Revenue Streams Lying Waiting In Your Business

There are new ways of making money online popping up all the time. Can any of these create new online revenue streams for you?

Before you click away, thinking this page is not for you (you're in a service industry, you don't make products, you have nothing worthwhile to sell online), pleaser reconsider!

Information is a key saleable item online in this knowledge based economy. What 'intellectual property (IP)' do you have lying around gathering dust in your organisation? Whether you are a builder, a gardener, a graphic designer, a counsellor, a financial planner or a travel consultant - you have IP - and probably lots of it.

What Are Your Customers, Friends And Family Always Asking Your Advice About?

Whatever this is, it represents valuable IP and potential online revenue streams. Can you create a course? Write a book or CD? Make a video or movie? Print t-shirts with your artwork or designer rugs?

Test the waters and find out what gets a bite

There is a burgeoning market for on demand production of almost anything. Yes - one off copies of these items created after the order is placed. So you don't need warehouses full of books you can't sell, or CDs that are now out of date.

You can set up a system on your website where customers order a product, the order goes straight to a customised production house. Your customer receives their product. You have just joined the world of online revenue streams.

Look At What Is Already Happening Out There In Online Revenue Streams

Check out these websites. You can publish your own books, make your own CDs and DVDs and these are just the beginning of the online revenue streams pool.

Check out:

www.cafepress.com.au/index.aspx http://www.zazzle.com/

Don't Be Put Off If This Does Not Feel Right For Your Business

These methods might not be relevant for your business. But you are much better off knowing about them than not! And before you dismiss the notion of online revenue streams completely, take a few minutes to dig a little deeper into your own business.

You are a Top 4 accounting firm. There will be stacks of IP in your organisation which could be turned into reports to sell to your clients or on the open market. There will be a book in the head of one of the firm's partners just waiting to get out, which could be the next best seller in the consulting space (the next Blue Ocean Strategy).

This applies to most industries.

A mechanic can sell all sorts of accessories to his clients online without having to hold anything in stock. The only limit to your success with online revenue streams is your imagination.

Please get in touch if you would like advice about how best to tap the existing IP and online revenue streams in your business. It's a world of real, profitable, growing business opportunity - so find out how you can be part of it.