Something your Accountant Should be asking you ...
How often are you reassessing your monetization strategy?
In this week's episode, we go through three questions every small business owner should be asking themselves when it comes to monetization:
1. How do I make money? - what % of my revenue comes from each service or product I offer?
2. Does my pricing strategy still make sense for my business?
Watch This Episode:
Listen To This Episode Anywhere:
Episode Show Notes :
Elon Musk Twitter purchase
Moving to a subscription model - developing a recurring revenue stream that is not dependent on ads.
What this means for you -
How often are you looking at how your company makes money
Are you reviewing your pricing strategy and asking does this still make sense for your business?
Importance of diversification of your revenue portfolio
Facebook seeing a dive in revenue with increased competition from TikTok.
Higher reach for lower cost
Organic reach vs. Paid reach
Opens up space for small business advertising.
Need to learn how your customers consume information?