Developing a product can create a new revenue stream from "summary" of Multiple Streams of Income by Robert G. Allen
Creating a new product can open up a whole new avenue for generating income. By developing a product that meets a specific need or solves a particular problem, you can tap into a market that may be currently untapped. This can result in a steady stream of revenue that you may not have had access to before. When you create a new product, you are essentially creating a new asset for your business. This asset has the potential to generate income for you over an extended period of time. By selling this product to customers who are willing to pay for it, you are effectively creating a new revenue stream that can complement your existing sources of income. Furthermore, developing a new product...
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