A Guide and Workbook for Planning Your Most Profitable New Revenue Stream
Whether you are trying to plan a profitable new revenue stream or the next BIG business development vision for your fitness practice or facility, The Business Movement’s ‘Plan Your Next Revenue Stream’ Do Work[sheet] will help you gather your thoughts and assist with making the best decision for guaranteeing ultimate success.
How to use the ‘Plan Your Next Revenue Stream’ Do Work[sheet]:
1
Using the diagonal boxes across the top, list each possible new business venture or revenue stream (i.e. Online Training Programs or Fitness Retreats or maybe even Selling Protein Powder).
2
Using each of the categories on the left hand side, rate each venture using the instructions below:
INVESTMENT
(Rating 1 = Large Investment Needed to 5 = Small Investment Needed)
Time/Staff – How much time and/or personal assistance will you need to build this new venture?
Money – How much money will you need to build this new venture?
CUSTOMERS
(Rating 1 = Low Priority to 5 = High Priority)
For Current – Would this new venture be a valuable asset and priority for your current customers?
Bring in New – Would this new venture be a high priority and selling point for bringing in new customers?
RETURN ON INVESTMENT
(Rating 1 = Low Return to 5 = High Return)
Profit per Product – For each product/service sold, would you have a low or high profit margin?
Volume Estimate – Are you likely to have a low or high volume of purchasers?
JOY
(Rating 1 = Low Enjoyment to 5 = High Enjoyment)
Your Enjoyment – Is this a product or service that you would have a low or high level of enjoyment in producing and offering?
3
Sum your total scores for each venture column in the bottom row and use this data to help you in determining which direction will bring you the most success, the most profit and the most joy!
