EP 272: 3 Types of Revenue Every Spa Needs
Mar 21, 2022We all know that revenue is critical to running a successful, profitable, and sustainable business, but what’s often overlooked is that some revenue has a higher value to your business’ bottom line than others.
Yes, a dollar is still a dollar and that won’t change, but what *can* shift is the flow of cash in your business based on the various revenue streams you’ve built.
And when it comes to the bottom line (and how your revenue makes its way there), the key to success for your spa lies in diversification.
That’s why in this episode of Spa Marketing Made Easy, I’m covering the three key types of revenue you’ll want to have working within your spa and how they work with and flow together to give your business the strongest financial ground to stand (and grow) on.
In this episode, you’ll learn:
- Why having diversified revenue is important for your business’ financial cash flow
- The ultimate goal of having multiple revenue streams and what it can help you achieve in your business growth journey
- A breakdown of the three types of revenue streams every spa needs
- How to weave together and leverage all three to give your business the best financial ground to stand on
References Mentioned in Episode #272: 3 Types of Revenue Every Spa Needs
- Learn more about Growth Factor Framework
- Learn more and enter for a $10,000 Grants for Female Entrepreneurs in the Beauty Industry
- To watch more trainings like this and to keep the conversation going, as well as connect with other like-minded aestheticians building thriving careers, click here to join the free Spa Marketing Made Easy Podcast community.
Episode Transcript