Tip - Rick Spence: Are there any opportunities for spinoff products and services?

According to Rick Spence, the potential for expansion based on spinoff products is a good indicator.

Your best customers are your current customers. Great businesses provide numerous opportunities to sell accessories and spinoff products to the market that already loves your brand. Creating a family of products will give you many more opportunities to serve customers, with lower barriers to market entry.

You can read more by Rick Spence on the blog listed below.