Phone 02476 654321

Utility Warehouse Partner

Top Tips to Add a New Stream of Income to Your Business

Relying on one source of income in business is like having only one client, risky!

Creating additional income streams doesn’t have to mean starting from scratch. Whether you choose to earn more through linear income (time-for-money), passive income (money while you sleep), or a hybrid of both, diversification is possible.

1.

Turn What You Know into a Product

Package your expertise into a digital product e.g. an e-book, checklist, or mini-course and sell it online.

✔️ Examples:

Accountant: Cash flow templates or bookkeeping guides

Marketing Consultant: Social media planner or strategy kit

Wellness Coach: Meal plans or 4-week reset guides

Business Coach: Goal-setting workbooks or business roadmaps

🔄 Income type: Passive

2.

License your knowledge

If you’ve built systems or processes in your business, package them for others in your industry to use.

✔️ Think “business-in-a-box” it saves others time, and you earn a fee.

🔄 Income type: Passive or hybrid

3.

Set up a subscription

Offer clients a monthly service package, retainer, or access to exclusive resources.

✔️ Recurring revenue brings predictability even when sales slowdown.

🔄 Income type: Linear or hybrid

4.

Affiliate marketing

Promote tools, software, or platforms you genuinely use and value and earn a commission when others sign up through you.

✔️ Choose partnerships that fit your niche, not just what pays well.

🔄 Income type: Passive

5.

Join a referral-based programme

Partner with a reputable brand (like Utility Warehouse) where you earn recurring commission for every new customer you refer.

✔️ Works well if you already have a network or existing client base.

🔄 Income type: Passive

6.

Invest time, not just money

Passive income isn’t truly passive at first. It takes consistent upfront work. Treat it like a proper business project not a side hustle.

7.

Test, tweak, and stick with it

Your first attempt might flop. That’s normal. Learn, adjust, and try again. Passive income is built, not wished into existence.

8.

Build before you need it

Don’t wait for a crisis to start diversifying. Create your second income stream now, while you have the energy and control.

 

You don’t have to give up what’s working already. Just don’t bet your entire future on it.

💸 Earn beyond the hours you work

🕒 Regain time and flexibility

🛟 Create a financial safety net

💪 Build something that keeps paying even when you step away

What could you create once that pays you repeatedly or adds stable, extra income month after month?

Top Tips supplied by

Utility Warehouse Partner

Utility Tariff Analysis

Phone Number: 07962 532241

Email Address: [email protected]

Website: https://partner.uw.co.uk/partner/susan-hearn-570664

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If you have a question you would like to ask, please use one of the following contact methods below:

Phone 024 7665 4321
Fax 024 7645 0242

Coventry and Warwickshire Chamber of Commerce

Chamber House, Innovation Village

Cheetah Road

Coventry, CV1 2TL

 

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