thread Re: How have you diversified your business? in Community Corner

How have you diversified your business?

Bronze_Palms — Mon, 16 Dec 2024 20:18:45 GMT

I own a couple of tanning salons. I started a product line and am working on growing that so we see consistent revenue during slower seasons.

What do you do to diversify your business?

Re: How have you diversified your business?

TCSlaguna — Tue, 17 Dec 2024 23:11:18 GMT

We have diversified into:

Retail

Services

Events

It's great because one will see a dip, but another picks up.

Re: How have you diversified your business?

CareyJo — Wed, 18 Dec 2024 17:16:39 GMT

We diversified into preventative maintenance contracts years ago. We maintain the equipment in commercial properties and then when it needs to be replaced, we're in a position to offer a bid to replace. it not only creates consistent income but pads our bread and butter - installs.

Re: How have you diversified your business?

StevenCheech — Wed, 18 Dec 2024 21:30:59 GMT

I own multiple coffee shops; we've diversified by niche'ing into a wellness and sustainability focus. As consumers learn more about the health effects of conventional coffee, tea, and food, they realize that their daily habits arent as clean as they once thought.

Other ways we've diversified:

Creating our own native product lines
Vertical integration
Collaborations with local makers
Popup events
Hiring a social media manager that knows what they are doing!