revenue-streams

Vocabulary Word

Definition

'Revenue-streams' are the various sources from which a business earns money. These could be from selling products, offering services, or other sources. It's like the multiple channels bringing water into a larger river.

Examples in Different Contexts

A clothing brand may have multiple revenue-streams: sales from physical stores, online purchases, collaborations with other brands, and licensing of their designs.

Practice Scenarios

Academics

Scenario:

While tuition is a substantial part of our income, we should also focus on securing more research grants and promotions from our alumni community.

Response:

Exactly. Diversifying our revenue streams should be a priority. We can work on encouraging alumni donations and actively seek more research funding.

Tech

Scenario:

We're ahead with subscription income, but advertising revenue needs improvement. We should think about better ad placements to attract more advertisers.

Response:

I agree. If we can optimize our ad placements, it could significantly boost our advertising-based revenue streams.