Do you need to increase your cash flow right away? Sometimes as entrepreneurs, we need a quick “cash infusion.” Ideally, we don’t want to operate from a “feast or famine” mode, but life isn’t perfect. And, neither are our businesses.
The following four tips to increase your business income are practical and do-able, the kind where you roll up your shirt sleeves and get to work. Keep an open mind and see which ones resonate with you, okay?
#1: Make a follow-up list and start reaching out
If you don’t already have a list of people to follow up with, it’s time to write one. You want to include the names of anyone who expressed an interest in working with you.
Once you have the list made, it’s time to reach out. If you are in an urgent situation, emails will not do here. You need to call each person. It’s harder for your sales prospect to ignore a phone call.
#2: Create a new program and start marketing it
Depending on the type of business you have, creating a new program may be the fix you’re looking for. Create a boot camp, or a challenge, or a mastermind. Find something that your ideal client really wants. Load it up with features, and make sure you can explain the results (why your ideal clients should buy this program).
Then, you can market this new program to your email list, through a webinar, and/or on your follow-up phone calls.
Don’t worry if you don’t have the entire program created. You can sell a program without creating your modules first. You can build out the modules as you go.
#3: Reach out to your referral partners
Your networking peers, mastermind colleagues, and other referral partners are your unpaid sales force. Why not activate them more?
Make sure to arm each referral partner with information on who you’re trying to attract (your Ideal Client Persona works best here). Meet your referral partners over coffee, or call them on the phone, and ask for their help. Your referral partners are natural “connectors” who love to bridge two people together. Allow them to help you find your ideal clients.
#4: Find a side gig to help you increase your cashflow
There’s no shame in having a side gig or job. If you need an increase in income, and your business hasn’t taken off yet, then find a contract, temporary, or part-time job to help you. Revenue sources are always a good thing!
It’s important to understand that getting a side gig doesn’t equal business failure. It equals smart financial decision making. If that’s the route you need to take, then take it.
Now that you have four ideas on how to increase your cashflow, which one of these ideas will you be implementing? Or, perhaps you’ll implement all four?
The more action you take, the better the results. It’s time to roll up your shirt sleeves and become singularly focused on one thing: Getting more clients. You can do this!
Here are some other resources that will help you with your marketing and mindset:
My book, That First Client, which will teach you how to create an effective marketing system that will always attract clients to your business
My book, Loud Woman, which will inspire you to get Louder in your life and business
Check out my latest blog post about marketing, networking, getting clients, and the Law of Attraction
Virtual Networkers, my global online networking organization for women entrepreneurs
Get More Clients Track, a year-long program that will teach you how the fundamentals of marketing so you’re always attracting clients
Manifest More Clients Track, a year-long program that will teach you how to use the Law of Attraction in your marketing
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