This is something I hear from entrepreneurs and business owners frequently. “I need to make more money in my business right now.”
Back in 2010, 5 years into my business, I had made a lot of high priced investments in my business by that point on coaching, coaches, business trips and workshops, etc. I found myself really “tapped out” to say the least.
I was super scared and not even sure of what but I knew that I couldn’t pay all my bills. It was the month before my 40th birthday and I’d never been in that position before of not being able to pay all my bills. It was scary.
I remember, as I sat cross legged on my carpeted office floor, with all my bills surrounding me on the floor, I cried, wondering which bills I shouldn’t pay this month and which I should. Which companies it would matter and which I could hold off.
My live-in boyfriend at the time was pretty scared too because he didn’t make enough to support my business and lifestyle too. In fact, I think this moment is what played a big part in him making the decision to break up with me the month following. He had an employee mindset and was used to regular paychecks coming in each month whereas I was used to the roller coaster cash flow of an entrepreneur lifestyle.
I still didn’t rationalize it well however as I normally do and how I do now so I’m sure if he saw me scared, it meant devastation for us in his eyes, whereas deep down, I do always know that “it will work out in the end”. But I’m sure I didn’t show it.
So, I had to make a few changes. I took a very close look at my monthly and annual expenses and saw that I could literally cut out $1000 per month of unnecessary expenses or expenses that I could temporarily cut out until I had more consistent revenue coming in; things that weren’t critical to the marketing and sales activities of my business (because I desperately needed those still – you don’t want to cut this!).
Luckily, I don’t have to worry so much about the monthly bills now as I’m making a very good, consistent income. It can always be better and I’m constantly marketing more to build on what I make now. But, because I’ve set my business up for ongoing revenue streams, the right business models and rates, a ton of marketing to reach an expansive amount of prospects each month and I’ve automated, systematized or delegated the majority of it… l can enjoy a less stressed life.
This is what I want for you too! I can show you how to make a LOT more money doing what you love in your business, that’s for sure.
Let’s face it, making more money in your business is a very important thing to focus on. However, it’s not only about making money that can help you “make more money” in your business.
There are two other ways more money can go into your pocketbook, or “stay” in your pocketbook each month if you take a few moments to see what you can do to maximize them.
1. Earn Cash Back Rewards when you buy things!
- Do you have a credit card that gives you cash back or reward points you can use to buy things with or use for hotel stays, etc.? If not, get one!
- Do you use Ebates when you shop online? If not, get it, it’s free! Then on most websites you shop on online, you engage the Ebates link when you’re there (it’s easy to do) and you can earn anywhere from 1-15% cash back on each purchase!
- I’ve earned almost $200 this year by doing nothing special more than I would, just shop online like I would anyway.
- Here’s my affiliate link – you make money and so do I when you join! https://www.ebates.com/r/KATRIN7687
- Do you create profiles when you shop on sites like Southwest.com and Hotels.com? If not, make sure you do. Don’t just book your travel without using such tools because not only could you SAVE money on the reservations, but you can also earn free nights and free flights. I earn 2-4 free one way flights each year and earn 1-2 free hotel nights each year too!
2. Save money on things that you’re spending on – do an audit of your monthly expenses!
- Are you still using those memberships that you have and are paying monthly on?
- What about the software or online services you may be paying monthly on?
- And check your personal household expenses too, chances are you could go without cable, DirectTV or Dish and just use Netflix, or the opposite might be true depending on your TV watching habits.
- Evaluate coaching programs, groups, memberships that you signed up for, for professional development. Many of them may be totally worth the investment but don’t continue to pay for something you’re not using. Check the agreement and get out of it if you can and it’s not directly helping you.
See how you can change the course of your income today by taking action on a few of these that make sense for you!
Then to ramp up your revenues and jumpstart your business, you want to sign up to speak with me or attend one of my live events! These are your fastest paths to learning what YOU need to do to tweak what you’re doing in your business to make more money.
You can also check out a whole host of my do-it-yourself products, programs and even free video tips and resources, but that’s the slower way to get where you want to go.
Either way, take action today! You deserve a less stressful, more profitable business and life as soon as possible!
Talk To You Again Soon!
The Jumpstart Your Biz Coach, Speaker &
Author of the book, Love Yourself Successful
“Kicking YOU and YOUR Business Into High Gear Making a LOT More MONEY Doing What
P.S. Get your FREE Entrepreneur’s Success Kit at www.JumpStartYourMarketing.com/freegifts!
Do you want to start speaking in your business but not sure what to do to get started or what you need to do to get booked? Check out my “Speaker Success Webinar” to learn my 6 Simple Steps to Make Money From Speaking. Get free access to the webinar recording here: http://livebigevents.com/webinar-speakersuccess/
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