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

Creative

Scenario:

This film is likely to do well at the box office, but let's not forget the revenue potential from merchandise sales and streaming platforms.

Response:

Right, maximizing our revenue streams will require us to strategize on merchandise sales and secure profitable streaming deals.

Business

Scenario:

Our company has strong product revenue, but we're not capitalizing on service-based income. It might be worth considering expanding our service offerings.

Response:

Great idea! By expanding our services, we can create additional revenue streams and also give more value to our customers.