One of the best ways to grow your web hosting business is to add additional revenue streams. Adding additional revenue streams provides more value to your clients and is a great way to grow your business. There are lots of related revenue streams to choose from, making it easy to start with a few and add more as you grow. Revenue streams include recurring revenue, one-time revenue, and even passive income. In this post, we’ll look at the best additional revenue streams for hosting resellers to help you decide the best for your needs.
Why Additional Revenue Streams
Reselling website hosting is one of the best revenue streams on the web. So, why would anyone need more revenue streams if they’re already reselling hosting?
Firstly, it’s a great way to grow your business. The more services you can provide, the greater your opportunities to make sales and increase your revenue.
Secondly, many clients prefer web hosting companies that offer related services. So, the more value you can provide by adding additional revenue streams helps draw customers to you. You’ll become a one-stop shop where customers can get everything they need to run a successful website. Your hosting business would include value-added services, which increase the value of your business to your customers.
Thirdly, hosting resellers, or any sales for that matter, will never have control over their customer’s situations, plans, or circumstances. Websites close for various reasons. People change their minds about running a website, or maybe they don’t make the income they expected, no longer have the time to run their websites, don’t get the traffic they wanted, or reduce their plan to a smaller hosting plan. These are just a few of the many possible reasons that someone would close a website. They could cause someone to drop their website hosting plan. These types of issues can cause variations in revenue. To even out the revenue, it’s best to create multiple revenue streams. When one revenue stream is slow, another revenue stream can take up the slack.
How Many Revenue Streams Do You Need?
In general, the more revenue streams you can manage, the better. The key here is “manage”. I don’t recommend adding so many that you can’t manage them well. It’s better to offer a few services you can perform well than a lot of services that you can handle. Having more than you can handle will likely result in streams that don’t get enough attention to be successful. Many recommend running seven revenue streams.
Some recommend revenue streams in unrelated fields while others recommend staying in your current field. I recommend building additional revenue streams around website hosting. There are enough revenue possibilities around website hosting and each revenue stream will help build the others. A client for one revenue stream can potentially become a client for all of your revenue streams.










