Here are some examples I’ve observed where income channels, were created without too much time or damage to your original channel. And this way is quite a common way where many spring board to other business.
Many people think competitive vs. collaborative. They way to go is collaborative. Most clients need services that your company does not offer. Say if you are in the IT industry or any other industry. You could be supplying high end hardware but don’t do the lower end hardware or software.
You could unofficially partner up with companies that do supply it and get a referral fee or commission of out it. There by creating a separate income channel from the ground work that’s been laid. You don’t start from square one.
If you are into selling houses, think of partnering with bankers, renovators, landscaping contractors, alarm specialist, insurance agents and others. Plenty of potential here.
Bottom line. More money, less risk of losing money or customers from you first channel. You get to work less too.
By the way, read why I use the term multiple income channel vs. multiple income source.
Read Alternative Income Channel – Part 2
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