Different Types of Corporate Revenue Streams - Ep. #29

The Profit Scale

🎯 Top Takeaway from Today's Episode

Whether you're a candle maker, a personal finance coach, chef, Diversity, Equity and Inclusion (DEI) consultant, or anything in between, there is a corporate contract available for you.

📌 Key Points from the Episode

Three Major Categories of Revenue Streams

1. Services: are anything that requires your labor and expertise in real-time to deliver results for your clients.
2. Licensing: refers to something you've already created and you're permitting your clients to use.
3. Products: This is when you provide a physically manufactured product to a corporation in exchange for money.

📊 Statistics You Need to Know

• There's a projection for the global professional services market to increase from $6040.91 billion in 2021 to $6697.56 billion in 2022. It is also anticipated to reach $9651.77 billion in 2026. (Source: Professional Services Global Market Report 2022)
• The largest market for professional services is in North America. It represents 33.4% of the global market. (Source: Professional Services Global Market Report 2022)

💡 Take Action

Find an example of a company that provides similar or the same services as you that serves a corporate audience.

🔗 Links

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