Definition of «additional revenue streams»

The term "additional revenue stream" refers to an additional source of income that a company can generate through its products or services. This means finding new ways to monetize existing offerings, expanding into new markets, or introducing new products and services that can bring in more money for the business. Having multiple revenue streams helps companies become less dependent on one particular product line or market, making them more resilient during economic downturns or changes in consumer demand. In summary, "additional revenue stream" is a phrase used to describe any effort by a company to increase its income through new sources of business.

Sentences with «additional revenue streams»

  • Both will provide additional revenue streams for the company, in addition to its subscription model. (cnbc.com)
  • The challenge is to make center court space functional and create additional revenue streams while cutting costs. (nreionline.com)
  • This social media presence allows clubs to not only broaden their global fan bases, but also acquire additional revenue streams from advertising deals. (manchesterlalala.com)
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