Sunday, July 24, 2011

Additional revenue avenues

Every business and person should have additional avenues of making money. Leaving everything to one source of income is not optimal.
In his book , Robert kiyosaki said many times for people to develop their investment income vs money from salary only. If you haven't read his book "rich dad, poor dad" please do it immediately.

If you look at the picture in this post, this is a view of the passenger in the back seat of a meru cab. An amazing way to get some additional revenue from their cabs.
They have also been testing their model. Looks like they have increased the convenience charge of rupee 25 to rupee 50 ( was asked to pay 50 in my most recent trip). Not bad- this would give them some good bottom line impact.

But coming back to the point, evaluate alternate means of income generation. This is a must in the coming future.

Happy investing.
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