We all know that when we were just starting and had a single client for our new agency, that was a perilous position. And even later, when we added more clients, many of us still found ourselves with just one or two clients who were bringing in the majority of the revenue. If ever they left, our agency would be in a world of hurt. Along the same lines, having just a single source of revenue keeps our income and our livelihood at risk. Offering different kinds of services or establishing other sources of revenue sounds like a good idea, but it’s harder than you think! How do you figure out which income streams to pursue? How do you balance it or find options that can complement each other? That’s what Phil Pallen is here to help us with. As a brand strategist, Phil has advised hundreds of brands from over 30 countries, including a Shark on Shark Tank, a Nobel Peace Prize winner, politicians, and some of the most important names in entertainment. His non-conventional approach to digital marketing and talent for social media has built him a global audience, and he frequently appears as an expert contributor in media outlets around the world, including CNN, Access Hollywood, and The Daily Mail. Social Pulse Podcast host Mike Allton asked Phil Pallen about: ⭐ Why income diversification is critical today ⭐ What income streams worked for him, and which ones didn’t ⭐ How to approach new revenue streams for your agency Learn more about Phil Pallen Connect with Phil Pallen on Instagram Connect with Phil Pallen on Twitter Resources & Brands mentioned in this episode PhilPallen.co Phil’s upcoming book: http://philp.al/ai-sm Learn more about Agorapulse with a free demo J29 Creative Uscreen Adobe Express Brand24 Google Alerts Sessions (An alternative to Zoom) ChatGPT AnyWord Adobe Firefly Adobe Stock  Gary Vee Daymond John Show Notes & Transcript: https://www.agorapulse.com/blog/how-agencies-can-diversify-income-and-avoid-cash-flow-issues Brought to you by Agorapulse: the #1 rated social media management solution. Produced and Hosted by Mike Allton, Head of Strategic Partnerships at Agorapulse. If you’re interested in being featured on an upcoming episode, reach out to Mike.