Posts Tagged ‘multiple streams of income’

So, what IS your business model? Every business has one, including yours.  The key here is does your business model pump you up or suck the life out of you?

If your model is based on your time, then I am here to tell you it’s sucking the life out of you. If not, well you are on the right road to a profitable, happy business.

Unfortunately, most self-employed business owners have adopted the 1-on-1 model and no other. Problem is, with this model you’re always limited by one key factor:  your time. When you’re out of time, you’re not making money and you’re exhausted and frustrated too!

The good news is that you can completely eliminate the 1-on-1 frustration by redesigning your business model the right way! A great business model ensures that you have plenty of free time, creates great income for you even while you sleep and grows with you not against you.  You work less hours but make more money!

So in order for you to start shifting your business model from  a life sucking 1-on-1 model to a model that pumps you up, I’m sharing some simple tips from my proven business model system I teach my clients using the marketing pyramid…

Tip One:  Don’t Put All Your Eggs In One Basket

When working with new clients one of the first things that we evaluate is how to create multiple streams of income so they are NEVER reliant on just one.  We create several different options and price points so that more clients can be served AND for them to receive more ways to be compensated for the work they do.

Creating income streams is easier than you think if you use the repurposing method.  You have a signature system you take your clients through which you can repurpose into several different formats.  For example, you can offer a teleseminar, Virtual VIP Retreat Day or other product.

By creating this signature system and offering it in a variety of ways it provides you with income streams you can tailor to your clients and helps you from getting burned out by having to develop new content all the time.

Tip Two:  Design It Correctly and You Will Always Know What Comes Next

When you design your business model correctly it creates leverage – the kind of leverage that gives you big results with very little effort of your time, energy or money.  To get this great leverage you must design your model so each income stream flows into the next.

When you fail to create your business model so that each stream flows into the next you have a scenario that looks like this:  business owner creates an offer, gets a few clients, and completes the work…with no next step.  There are countless ways to serve your clients again and again.  Just keep asking yourself “what’s next” and you will be able to create the next offer with ease.

Tip Three:  You Don’t Need To Give Up 1-on-1 Work

Just because you have created multiple streams of income which allows you to serve more people doesn’t mean you have to give up 1-on-1 work.  You just need to know where it falls in your business model.  This is your most valuable, exclusive, highest ticket offer so treat it as such.

Tip Four:  Focus Your Time On High-End Offers First

Focus your attention on your highest priced programs or services first so that you don’t run out of cash!  Most new entrepreneurs make the mistake of focusing on free offers and low-end programs first and then find themselves out of clients and out of cash – which by the way is a sure way to leave you panic stricken.

The best time to redesign your business model is today. No time like the present to design your multiple streams of income business model.  So don’t put it off another second!  Your financial freedom is waiting!

Are you interested in learning how to establish multiple streams of income?  Well then you won’t want to miss the Maximizing Success Wealth Retreat this March 20-21, 2010 right here in Boston!  Thousands of people have attended Robert Allen’s seminars and now you can too.

Read on to learn more about Robert Allen.

His colossal bestseller Nothing Down established Robert Allen as one of the most influential investment advisors of all time. He has followed that success with three other best-selling books including Multiple Streams of Income, as well as the audiocassette programs “The Road to Wealth” and “Multiple Streams of Income”.

A popular talk-show guest, Allen has appeared on hundreds of programs, including “Good Morning America” and “Larry King Live.” He has also been featured in the Wall Street Journal, Newsweek, Barron’s, Money Magazine, and Reader’s Digest.

Join me and hundreds of other success minded business people on March 20-21st to learn from the best minds in the business of wealth and wealth creation.  Hope to see you there!

To learn more and to register go to: http://tinyurl.com/maxsuccess

If you haven’t noticed it has been several days since I posted anything on my blog.  That’s because I was the recipient of a negligent driver smashing into me at 40 mph while I was at a dead stop.  I have been spending the last several days getting better and recovering.  Although nothing too serious resulted from this accident it does take longer to get back to normal the older I get.

Because I have had a tremendous amount of time on my hands (I have been spending my days sitting around icing my neck and back) to think about self care.  My thoughts during the past few days have been a combination of thinking about my business and thinking about the importance of taking care of myself.  I know I should have put the business thoughts aside but it was terribly hard to completely let go.

What is it about women entrepreneurs that makes us feel that we can’t or shouldn’t take care of ourselves?  Although all the women business owners I know sent me messages about “resting” and “taking good care” I know that most if not all where thinking about what they would do if they were derailed for a few days or longer.  Thoughts like: “How long will I be unable to work?” and ” What will I do about money?” can often fill our heads when we are self employed or worse yet the soul provider for our families.

After thinking about this for days I firmly believe that part of “taking good care” means having a business plan that doesn’t solely rely on you to physically “work” all the time.  This means creating a solid plan with multiple streams of income so that when you are “down and out” the money is still flowing in!  My business plan does have multiple revenue streams and I continue to develop other possible streams of income for my business.  What does yours look like?  Let me know.

Be well and thanks for the well wishes!