Are Form 8655 Revenue 2024

In this video, we're going to talk about different types of revenue. In last week's video, I talked about revenue, and so in this video, I want to go a little bit deeper and talk about the different types of revenue. Now, if you've ever been involved in creating a marketing plan or a sales strategy, you know how complicated it can get. In fact, people spend their entire careers becoming experts in marketing. I don't claim to be a marketing expert here, but I have expertise in accounting. So, I want to talk about revenue from an accountant's perspective. There is one concept when it comes to revenue that is very powerful, and that concept is that not all revenue is equal. So, what this is basically saying is that there are different types of revenue. For every $1 of one type of revenue, it is not necessarily equal to one dollar of another type of revenue. Now, just stop and think about this for a second. What I'm saying is that one dollar is not equal to one dollar when it comes to the sales that are coming into your business. Now, that's a very complex idea, and I want to explain a little bit what I mean by this. So, let's start by breaking down some of the different types of revenue. I'm going to talk about three different types. First, we have first-time customers. These are people who are purchasing things from your business for the first time. Second, we have repeat customers with variable revenue. This means that the revenue goes up and down every quarter, and we don't know exactly how much revenue it will bring in. Lastly, we have repeat customers with fixed revenue. These customers have signed long-term contracts, so we have...