There Are 3 Ways A Business Can Make Money In This World

There are only 3 ways a business can make money in this world.

Written By 

John-Paul

It can sell products.

It can sell services.

Or it can sell both.

But is there any advantage in selling a product instead of a service?

Or is it easier and more profitable to sell services instead of products?

This is a question most entrepreneurs must consider before investing time, energy and money into a business.

And if you already have a business, will your next revenue stream come from a new product or a new service?

In today’s episode, you’re going to learn some interesting things about the two types of businesses.

What you’re about to hear could change how you think about your business and what you’re offering to your customers.

But first...

A quick announcement! 

On Thursday, we had a great time with our special guest on the Insider Mastermind.



Mr. Ayuli Jemide spent almost an hour sharing his insights and experience on how to negotiate business deals.

Did you know he was part of the deal for Heineken BV's purchase of 5 breweries in Nigeria and the $80-million equity raise for Beloxxi Industries, the biscuit manufacturing company?

During the session, he taught us about the 3 types of value and how entrepreneurs can use this insight to price their products better.

He also explained the key differences between haggling, bargaining, and negotiating.

It was indeed a very mind-blowing session.

If you missed it, I have just uploaded the video recording in the members’ area.

If you’re an Insider, please follow the link at the bottom of this email to login and watch it.

In this episode of the Smallstarter Business Podcast, I explain how what you sell can make a big difference in your business.

I also share interesting insights on product-based and service-based businesses.

You’re going to learn something from this.

Happy learning!

John-Paul

 Which One Makes A Better Business, Service , Produts or both?