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23 ways to generate income

If you own a small business (not solely based on the Internet), you should always be looking for ways to increase sales. Whether you’re focused on marketing one product, a series of product groups, or services of any kind, here are 23 ideas to stimulate your own thoughts to generate more income:

1. Sell a product one by one.

2. Sell similar products packaged together.

3. Sell a “license” to use your product for a defined period of time.

4. Sell a “subscription” to your product for a defined period of time.

5. Sell a weekly or monthly flat rate service.

6. Sell relevant advertising space on your products, in your catalogs or on your company vehicles.

7. Sell digital information for download.

8. Sell products one by one, but on an automatic replenishment schedule.

9. Sell some or all items on a minimum purchase basis.

10. Sell discounts on products or services of others.

11. Bundle your products or services with similar offers from another company.

12. Sell someone else’s things.

13. Sell refurbished or used versions of your products and services.

14. Allow others to resell or co-market your products and services.

15. Sell a disposable version of one of your products.

16. Lease your product(s) for a defined period of time.

17. Sales time: bill for hours a service related to the products you sell.

18. Sell your products in smaller packaged quantities (if it’s normally 25 per person…sell 10 per person with a higher markup).

19. Sell your products in large packaged quantities.

20. Sell your products on your website.

21. Sell your products on multiple specific websites focused on individual product groups and customer solutions.

22. Sell access to a seminar where you educate customers about your industry and the solutions you provide.

23. Sell training on your products or those of others.

Of course, this list is just a start. With experience in your field, think of ways you can differentiate yourself from your competitors by providing products and services in a way that is uncommon in your industry.

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