Add New Revenue Streams for your Brick and Mortar for 2021

As we head into a new year and plan our our big goals and budgets for 2021 I want to put something into your mind so you don’t leave money on the table.

Let’s dive in into extra ways to help your creative retail shop bring in extra revenue.

I get this question a lot by my retailers:

“How do I decide what to sell or offer in my store?”

I have three simple questions:

  • Does it light you up?
  • Does this product or service get you excited? 
  • Is there a profit margin?

Your answers are telltale.

In your business you have to decide what you are selling or what your service to customers is going to be.b I don’t mean lumping your sales into: “giftware” “paint” or “decor”. There are so many different revenue streams out there and you can’t do everything. I have some revenue stream examples for active income to get you started. 

Don’t just look at our industry — learn from what online business owners in other industry and niches are doing successfully.How can you make their revenue streams work for you?

Add Services to your Creative Shop
  • Pinterest
  • Facebook

Multiple Revenue Streams to Add to your Creative Shop

Online Income

  • Get your products listed on your website using an e-commerce solution or a platform like Etsy or Amazon Handmade
  • Get scalable digital products and downloads that customers can by over and over again – like custom SVG files or “how to” tutorials and workshops

Services Income

  • DIY workshops
  • Custom Design Work for Clients: like furniture & cabinet painting
  • Custom Design Services to other business owners, there’s plenty of seasonal decor
  • Bring services in house, like: Upholstery, Refinishing Furniture

Affiliate Income

  • Earn commissions from products referrals (for what you don’t sell in your store)
  • Set up an Amazon Influencer shop
  • Create content: web pages or blog posts that links to affiliate products

Ad Network Income

  • Set up Google Adsense or another ad networks on you website so that you get paid per webpage view (This works so with with blogging!)
  • Partner with local businesses to sell or “rent” ad space on your website

Subscriptions Groups

  • VIP Club where members get perks and bonuses and discounts
  • Put together kits for purchase so customers can recreate things at home. 

Wholesale Income

  • Use your current shops’s assets to produce

Private Label Income

  • Work partner with another business to sell your own signature products

Event Income

  • Host Vender Markets
  • Workshops
  • Private Events

 

Download my freebie:

7 Retail Secrets for Creative Shop Owners: Foundational Pillars for Retail Success

Drop your email below and I will send you my free resource.  It has 7 foundations and action steps for you to consider that will help you grow your retail business and position your store as the go-to DIY & creative place to buy one-of-a-kind decor items and speciality products and paints in your market. Work on your foundations and you will be on your way to less stress and more predictable profits in your store!

Don’t waste time, build the foundation of a beautiful and profitable business. Grab your copy here:

Facebook Live on Additional Revenue Streams:

If you’re more of listener or multitasker, click below to watch my 20-min FB live

You are running a real business. 

You are a retailer and an entrepreneur doing all the hard work. This is not a hobby store and you aren’t just playing arts and crafts. I want to encourage you to continue to follow you passion and be successful. 

 

If you’re not already part of my free Facebook group: Rockstar Creatives, join us here. Every Tuesday you can ask me questions about running a successful creative shop! I’d love to see you online!

Running a retail business doesn’t have to be so hard, you’ve got this!

Thanks for popping in!

Xo, 

Wendy

For more tips to creative shop owners, make sure you get on my email list to get next week’s blog.

Save this pin to your Pinterest board so you don’t forget!!!

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