Feras Alhlou explains why consultants shouldn't rely only on billable hours. He covers white labeling, reselling services, products, software, and affiliate programs as ways to diversify income and increase profitability.
When it comes to revenue generation, most new consultants only think in terms of billable hours, project work, and client work. That's a trap. There are several revenue streams that you can employ right away to help you grow faster, reduce risk, and build a consulting business that lasts. These include white labeling, reselling services, products, software, and also joining affiliate programs. I cover this topic in detail with examples, pros and cons, and gotchas in a long and detailed Live stream. Check it out and let me know if you have any questions about how to increase your revenue streams and how to increase your revenue and how to become more profitable.
