What’s The Secret? Multiple Streams of Income More Important Than Ever

 

The scariest number in business is one, as quoted by Dan Kennedy. A lot of people have been sent home due to the ongoing virus. Some are fortunate enough to be able to work from home while others are temporarily not receiving a paycheck since they rely on only one job. In this episode, Tom stresses the importance of having multiple streams of income, and it doesn’t have to be coming from different sources. He explains how you can develop several means out of one business. By the end of this episode, you can start moving forward.

“There’s no need to go out and start multiple businesses. You can just build off what you’re currently doing.”

Tom Gaddis

In This Episode:

  • How Tom developed multiple streams of income from one business
  • Why you should start thinking of other ways to monetize your business
  • The importance of developing other skills now
  • The advantage of having several streams of income
  • The benefit of mapping out your business

Connect with Tom:

Tom Gaddis

Tom Gaddis

Attended the School of Hard Knocks. A former restaurant manager in Oklahoma, Tom always wanted to be self-employed and free from the butt-smooching of the corporate world. He wanted success bad enough that he picked up his family, including two small children and moved to beautiful Maui, Hawaii. Starting from zero, Tom embarked on building a local marketing consulting business. And promptly fell on his face! It seems Hawaiians were lovely people, until you tried to sell them something! But he persevered and learned from his mistakes. Today he's arguably one of the most successful in his niche and expecting to grow over 100% this year alone.

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