The 3 Revenue Streams Every Small Business Should Have (Podcast Episode 9)
Mar 28, 2025Episode Summary
If you're relying on just one revenue stream in your business, you're taking a huge risk. What happens if that revenue suddenly stops? In this episode of Hobby to Profitability, Jacqueline Green shares the three essential revenue streams that every small business should consider to create financial stability and long-term growth. Plus, she shares a bonus revenue idea that many business owners overlook!
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What You’ll Learn in This Episode:
- Why relying on a single revenue stream is dangerous for your business
- The three essential revenue streams every business owner should have
- How to create scalable income streams that don’t rely solely on your time
- The real truth about passive income—what works and what doesn’t
- A bonus revenue stream that can boost your income with minimal effort
- How to determine the right revenue mix for your business
Key Takeaways:
- Service-Based Revenue Alone is a Trap – If you trade time for money, your income is capped by the hours you work.
- Digital Products Provide Scalable Income – Sell templates, guides, or courses that generate revenue on autopilot.
- Licensing Can Expand Your Reach – License your intellectual property (e.g., courses, designs, templates) for passive income.
- Memberships & Subscriptions Provide Recurring Revenue – Build a loyal community while securing predictable income.
- Affiliate Marketing Can Be Lucrative—If Done Right – Partner with brands and tools you trust to earn commissions.
Resources & Links Mentioned:
- Marketing Momentum Workshop – Book Your Free Marketing Health Check
- Recommended Reading: Who Not How by Dan Sullivan
- Watch: The Founder (Movie about McDonald’s growth through systems)
- Follow Jacqueline Green on LinkedIn: LinkedIn Profile
- Subscribe to the Hobby to Profitability YouTube channel: YouTube Channel
Next Episode:
“How Your Childhood Money Mindset Impacts Your Business Growth”
Entrepreneurship is not all freedom and easy money. In this next episode, we’ll get real about the toughest challenges that no one warns you about—and how to overcome them. Don’t miss it.
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