Prompt

Imagine you are an innovation consultant for [Your Business]. Brainstorm new revenue streams or business models that [Your Business] could pursue beyond its current sources of income. Begin by considering [Your Business]’s existing assets: its products/services, customer base, brand strengths, or any underutilized resources. Generate a list of at least 5 creative ideas for new revenue streams. These ideas can include launching new products or services (related or adjacent to current offerings), creating subscription or membership programs, forming strategic partnerships or affiliate programs, targeting new customer segments or markets, offering premium upgrades or add-ons, monetizing data or content, etc. For each idea, provide:

• Idea Name or Title – a quick label (e.g., “Premium Support Subscription” or “Online Course Offering”).

• Description – 2-3 sentences explaining how the revenue stream would work and why it could be profitable. (For example, “Offer a monthly subscription for premium support where customers pay a fee for priority service. This leverages our existing support team and generates recurring revenue while increasing customer satisfaction.”)

• Considerations – one sentence on what would be needed or any challenges (e.g., “Requires developing new content monthly” or “Needs marketing to existing customer base”).

Ensure the ideas are feasible and relevant to [Your Business]’s domain, but don’t shy away from including at least one unconventional or innovative idea that could set the business apart. The goal is to highlight opportunities for monetization that the business hasn’t tried yet.

How to Use

1. Replace [Your Business] with your company name or a brief description of what your business does. Include details about your current revenue model and customer base if possible (e.g., “we sell one-off hardware products to consumers” or “we are a consultancy with project-based fees”). This context helps the AI tailor suggestions that make sense (e.g., a consultancy might consider productizing a service into a subscription).

2. The prompt is asking for multiple ideas. Expect the output to be a list (likely numbered or bulleted) with each idea’s name, description, and considerations. To guide the AI, you can mention any constraints or goals – for example, “we have a tight budget” (so ideas should be low-cost to implement) or “we want to leverage our strong online community” (so ideas might monetize community engagement).

3. Use the brainstormed ideas as a starting point. Evaluate each idea’s potential impact and feasibility for your business. The AI’s "considerations" for each idea will hint at what’s required to execute it. You might find some quick wins (e.g., an add-on service that can be launched easily) and some longer-term plays (e.g., entering a new market). This exercise should expand your view of how your business can make money. You can then research the most promising ideas further or even ask the AI follow-up prompts to develop a specific idea into a plan.