Creating New Revenue Streams

The pandemic and the subsequent shutdown wreaked havoc on many small businesses, oftentimes, eliminating their primary source of revenue. While some brick-and-mortar businesses and service providers were able to pivot quickly, many others were left wondering how to create new income. Creating new revenue streams is a powerful tool to weather the uncertainty associated with small business owners but how do you determine which product or service will resonate with your existing customers? How do you determine the right price to charge? How can you finance your new product especially when cash flow is tight? And if you manage to launch your new product how do you determine if it's successful or not?

Join award-winning personal finance coach Dominique Broadway as she walks you through the process she employs each time she launches a new revenue stream for her business. In this course you will learn how to:

• Leverage your existing customer base to both ideate and test new product or service ideas
• Strategy to fund your new potential revenue stream through pre-sales
• Determine the right price of your new product or service
• Determine profit margin to gauge the success of new revenue stream

Dominique Broadway, a HoneyBook educator, is an award-winning Personal Finance Coach, Speaker, Finance Expert, and the Founder of Finances Demystified & The Social Money Tour. Dominique has received various accolades such as the Top 30 Under 30 in Washington DC, the DC Future Business Leader of America Businessperson of the Year, and the Top Financial Advisor for Millennials in the US.

Dominique’s demystified financial advice has been highlighted on Yahoo!, Huffington Post, Forbes, USA Today, Black Enterprise, Marketwatch.com, Ebony Magazine, Levo League, Refinery29, and other media outlets. She has a strong passion for working with young professionals, entrepreneurs, and people of all ages to bring their Dreams2Reality.