How To Generate $5000 In Your Business This Month
How To Generate $5000 In Your Business This Month
BDMCreates What would an extra $5000 this month do for your business? You could do more marketing, buy better systems, and more. What about your family? How could it impact your lifestyle? In this post, my new internet buddy, Jalynn Jones, Vision to Profit Business Coach and Founder of Black Pretty and Paid University (and her glowing spirit!) spills the beans on ways you could generate the extra income you need.
Did you know that 80% of people report that they abandon their New Years Resolution(s) by February 15th according to CNN? Not you, though. I have put together 5 of the easiest ways you can inject cash into your business that will help you generate a minimum of $5,000. This post is reaching you one day in advance to ensure you have the mindset paired with highly profitable strategies to help you knock your revenue goals out of the park this month and beyond.
5 WAYS TO GENERATE $5,000 THIS MONTH
The good news is that you have everything you currently need. When my clients and members come to me, their goal is to typically make their first $5,000-$10,000 in one month.
When we sit down together and strategize, on average, my clients hit their goal within 60 days or less which is a positive revenue disrupter for black-owned businesses.
Why? Because statistics show us that 8 out of 10 Black-Owned Businesses fail within 18 months due to lack of planning and capital.
The greatest ode to honor Black History Month is to slash this statistic by doing both the proper planning and money-generating activities to hit our financial goals with more ease.
FOCUS ON ONE PRODUCT
Focus on one product, even if you’re a service-based business. Instead of sending people to your site to check out your catalog of services/products, consider adding the direct link to your best-selling product to your link page, in your social media bios. Curate all of your content around educating your audience on the benefits/features of purchasing your offer. You can focus on bulk orders of this product and as a service provider, your lead generation activities can have strong calls-to-action that get people to inquire about this service. If you commit the next 30 days to one product or service, you will find yourself saving money, energy, and brain cells. I’m excited to see how this works for you. If you want free training on this, all you have to do is message me 5K.
SELL 1-5 SEATS TO YOUR SERVICE, PROGRAM, OR COURSE
SELL 1-5 SEATS TO YOUR SERVICE, PROGRAM, OR COURSE, even if it hasn’t launched yet. Yes, you read that correctly. It only takes 1-5 clients for you to reach your revenue goal as a service provider if you have your pricing strategy mathematically aligned. The math must make sense! If Johnny had 2 happy customers at $2,500, how much money has Johnny made while still managing a low capacity of work? PS you don’t have to spend hours and hours Building things you haven’t tested in the marketplace. As long as you are confident in your framework, results, and delivery of service, open enrollment to your offer and fill it by reaching out directly to your ideal client.
HOST A VIRTUAL CONFERENCE ON CLUBHOUSE
HOST A VIRTUAL CONFERENCE ON CLUBHOUSE, even if you don’t have a lot of followers on social media. Brands and people aren’t necessarily worried about how many followers you have; if you have an area of expertise, a social media profile, and structure to how you want to deliver highly transformational content in the form of a virtual event, this is a very strategic method of closing clients in recording timeline with the power of verbal content.
BUNDLE PRODUCTS TOGETHER TO INCREASE YOUR AVERAGE CART VALUE
BUNDLE 2-3 PRODUCTS TOGETHER TO INCREASE YOUR AVERAGE CART VALUE. For both product and service businesses, if you have lower ticket offers that pair well with each other, bundle them which will enhance the experience or value of your order. Do the work for your customer and position 2-3 products to be highly irresistible! Increasing the cart value of each purchase helps you reach your goal quicker and increases your customer lifetime value.
HOST A 1-2 DAY INTENSIVE OR VIP DAY
HOST A 1-2 DAY INTENSIVE OR VIP DAY, make it exclusive with less than 5 Seats available. Decide what you want to help your customer accomplish before the end of the 2-6 hour session, what type of experience they adore, and what will solve an immediate hairy problem for them. Remember to make that math, math! If you want to double your revenue goal, prepare to present your clients with an offer at the individual or group session to tell them how they can continue working with you beyond the days’ festivities. Make the big ask and gather their deposits!
For the love of intentional productivity, please Focus on ONE strategy and stick to it.
One more time for my hard-headed ambitious woman: Pick one idea and FOCUS on it! Don’t try to sell multiple things this month. FOCUS on ONE PRODUCT or SERVICE and GO ALL IN! You will totally thank me later.
Warning! You may hit your goal in less than 30 days, especially if you book a call with me. Trust me this stuff works. I’ve helped my clients reach $5,000 months in record timing over and over again. You are NO different; you will be tripling this goal in NO TIME. I need you to step in your power and unlock the ultimate belief key to multiple six-figures in your purpose-driven business.
These tips were so good! Are you going to try any of these tips? Make sure you book a call with Jalynn and tell her how her tips helped you. Tell us what you think of this post in the comments!
