A high percentage of people who opt to run their own business find themselves working longer hours for less money than the job they worked so hard to escape from. That’s not all bad news, though, because they at least have the freedom that they craved. They don’t have to answer to anyone. But is that all there is? Isn’t there a way to have that AND increase your profits?
It Could All Be So Different
If you started a business of your own, and within a year it was making twice the salary of your current job, you would be pretty happy, right? But what if, in addition to that, you were only working half the hours of your current job?
So, now you’re working half the hours for twice the pay. Nobody is telling you what to do. Plus, there’s no commute. How would that feel to you? Pretty good, right? How would that go down in your social circle? Do you think your friends would be a little envious?
You would have time to take your kids to school, learn new skills, get in shape, make new plans, and the money to fund them. THAT is what most people would call a fantastic business!
Most people would find this a very attractive proposition. But is it possible? Of course, it’s possible! Thousands of people are already doing exactly that and more, and so can you.
How Can I Do Better?
If you want greater profits from your business, it’s important to perform regular and specific reviews of all aspects of your business.
You’ll want to know what’s working, what’s working the best, and how you can do more of that.
You’ll want to figure out what’s not working, too, so you can determine why that doesn’t work or how you could improve or replace your process. If neither is possible, just stop doing that.
Finally, ask yourself the question, “How can I do better?”
Albert Einstein once said, “It’s impossible to solve a problem with the same kind of thinking that created it.” So, you might need some help on this one. Your best resource is to talk with someone who has faced these issues before and found effective solutions for them. Click here to contact us now – we would love to help you hash out these issues.
True entrepreneurs never waste time or energy re-inventing the wheel. They just go and talk with the guy who created the wheel in the first place.
Here’s a tip that seasoned business owners use:
When reviewing business strategies, most people come from the “What’s wrong and how can I fix it” perspective.
Here’s a better idea:
Start from “What’s right about this issue?” When you come from a positive perspective, your creativity for problem-solving is switched on and in alignment before your start.
This creativity could very well transform your business from a good business into a fantastic business!
Let’s look at how.
The Five Right Questions
Asking yourself these questions will lead you to the answers you seek:
- What’s right about this issue/situation/strategy? Get clarity on the task at hand.
- What makes it right? Get specific. What is it about those things that make it an effective process for this situation?
- What would be ideal? Get creative. What would be the absolute ideal strategy/solution for this issue?
- What’s missing that could bring about the ideal situation? Get resourceful. What do we need to find, create, add, or invent to reach this ideal?
- What will it take to put in what’s missing, so we can bring about the ideal? Get busy. What is it going to take to make this issue/strategy/situation ideal?
Using the “What’s right?” perspective will, over time, change your complete mindset for everything – not just your business, but your personal and family life, too. Just think of how many conflicts occur each day in the home where the words “What’s wrong” describe their mindset.
Try it yourself the very next time a conflict shows up in your life and see how different your whole attitude becomes immediately.
30 Day Reviews
It would be good business practice to sit down every 30 days and review the answers to these questions:
- What action did I take this month to support my business?
- What action did I take this month to grow my business?
- What action did I take this month to improve my effectiveness?
- What action did I take this month to improve my efficiency?
- What specific results have I created this month through my efforts?
- How can I do better next month?
Onward and Upward
The truth is, the more decisions you make, and the more action you take, the more efficient you become. And the more efficient you become, the better results you’ll create. Plus, it will take you progressively less time to achieve those results!
This is why seeking the advice of seasoned professionals is a key strategy in creating a fantastic business! Talk to fellow entrepreneurs and ask for their advice.
The really smart ones will suggest you hire a Coach. All the most seasoned entrepreneurs have at least one Coach. Ask for a referral if you can.
A Coach can help you make profitable decisions, take effective actions, and streamline your thinking. It’s like having a business partner that you don’t have to split the profits with. Or having a high-value employee without having to pay for taxes and medical benefits. It will save you more money than it costs!
So, making greater profits in your business comes down to these important questions: What’s working? What’s not? How can I do better? Answer these on a regular basis and reap the benefits!
We would love to know the answers to those questions in your own business: what’s working? what’s not? how can I do better?
Share with us on Facebook or Twitter.
More Important Than Money: Understanding Your Real “WHY” to Achieve Real Success
/in Business Owners, Success LifeWhat do super-successful coaches and small business owners all have in common?
It’s not experience.
It’s not extraordinary skills.
It’s not even a powerful drive.
Although all of these things can definitely help your business grow, they’re not a prerequisite for success. After all, no one is born with experience or skills, and plenty of successful people lack drive.
The one thing that does make a difference, though, is your “why.”
Why did you decide to start your own business?
Why do you spend too many hours in front of your computer every week?
Why do you stay up too late and get up too early, just so you can work on growing your business?
The “why” is what ultimately drives us to success, but here’s the thing: it’s different for everyone. Your why is not my why, and my why is not someone else’s why. It’s a deeply personal choice that can have great meaning…or not.
What is a Why?
Let’s look at some examples. A survivor of domestic abuse might happily spend 60 or 70 hours each and every week mentoring other victims of abuse, or counseling couples on how to break the cycle. Her big why is a strong desire to prevent other women from suffering in the same way she did.
A mother of small children may be saddened at the thought of sending her kids to daycare just so she can go to work to (barely) pay for it. Her big why is a drive to spend as much time with her kids as she can, while still supporting her family.
A young, fresh out of school entrepreneur might resist taking the same path her parents took, working for a corporation for 40 years, only to retire and find themselves with barely enough to live on. Instead, she dreams of having the income (and the time) to see the world while she’s still young enough to enjoy it.
How to Find Your Why
So what’s your big “why”? It might be the freedom to travel, the option to spend time with your family, the ability to take weeks off at a time to care for a sick family member, or even to earn enough money to support a charity that’s close to your heart.
Whatever it is, your “why” is the driving force behind every action you take. When you’re deciding whether or not to take on a new client, ask yourself if it’s aligned with your “why.” When you’re setting goals for the year, ask yourself if those goals are moving you closer or further from your big why. Thinking of branching out into a new business venture? Make sure it’s in alignment with your big why, and success is suddenly much more attainable.
The Art of the Soft Sell: How to Get the Click on Your Sales Page Without (Really) Asking for It
/in Advertising, Business Owners, WebsitesWe’ve all seen those old-style sales pages filled with yellow highlights and screaming red text and lots of “BUY NOW” buttons, and when we think of copywriting, that’s often what comes to mind. While that style of sales page can be effective, it’s not the only way to make sales.
In fact, by taking a more subtle approach, you might even find that you generate more interest—and potentially more sales.
Stories Sell
One effective way to entice readers to click through to your sales page is with stories. These can be your stories or those of other people, with the goal of helping your readers to see themselves in the same situation.
Did you help a client turn her chaotic household into a calm oasis with better organizational skills? Her story on your sales page will get more clicks than all the yellow highlights you can buy.
What about that time you trashed your entire business plan and started over because you simply weren’t passionate about your work? Your potential business coaching clients will be anxious to learn more and will click through without you even asking.
That’s the power of stories, and you can use them everywhere: in your blog posts, in your emails, on your sales pages, and even in videos and on social media.
Be Genuinely Helpful
Want to build a reputation as the go-to person in your niche? All it takes is to help people. Answer questions on social media, volunteer to speak to groups who need your advice, write blog posts that address the most common issues your readers face.
By volunteering your time and knowledge, you’ll attract a wide audience of potential customers who may need your services in the future. Who will they turn to? That very helpful person who went out of their way to offer assistance in the past.
Now we’re not saying you have to give away all your time, but if you really want to show off your expertise, you can’t do better than a little volunteer work. Not only will you make an impression with the person you help. But chances are good they’ll share with their friends as well, further expanding your audience.
Of course, this doesn’t mean that there is no place in your business for a strong call to action. “Click here to buy” and “Learn more right now” are still useful (and even necessary) on sales and opt-in pages. The key is to know when to make a subtle offer, and when to offer a bit more hand-holding.
Quick and Easy Tweaks to Automate Your Sales Funnel
/in Advertising, Business Owners, Marketing, Productivity, WebsitesDisclosure: This post may contain affiliate links, meaning I get a commission if you decide to make a purchase through my links, at no cost to you. Please read our disclosure for more info.
When it comes to leveraging your time, automation is the sharpest tool in your toolbox. It allows you to get more done in less time, and to smoothly move people through your sales funnel.
For many small business owners, though, that’s one area that’s often overlooked is your website.
Use Your Blog to Build Your Mailing List
Like any smart business owner, you likely have opt-in forms on your website. They’re in the sidebar or maybe the footer, and you might have a pop-up to capture attention as visitors are about to leave. (If you aren’t using pop-ups, you should be! Here’s my favorite WordPress plugin for pop-ups.)
But do you have a solid call to action at the end of your blog posts? When a new reader is finished consuming your posts, are they primed to learn more? Give them the opportunity by offering an opt-in at the end of each post.
Even better, make it a logical next step by creating a related offer for each post. Called a content upgrade, these offers typically consist of a simple checklist or worksheet and capture attention by providing even more information about a topic they’re already interested in. You can even customize the forms on each blog post with tags so you can target them further in your sales funnel.
Keep Them Reading With Related Links
How often do you revisit old blog posts to link to newer content? This is an important maintenance job that will help provide visitors with the information they’re looking for by linking related posts together.
Not only is this strategy good for keeping visitors on your site, but Google approves as well. Posts that link to each other encourage search engine bots to crawl your site more thoroughly and help boost the rankings of your most relevant posts.
[Hint: This is a perfect job for your VA.]
Make the Best of Your Download Pages
Whether you’re giving away a free report or paid product, your download pages can pull double-duty by offering visitors a “what’s next” option. For free download pages, a related, low-cost product is best. It gives readers the chance to learn more about you with a small investment.
For paid products, consider offering a complementary product instead. If you’re protecting your download pages with a membership script, you can even offer upsells based on what they already own, making the choice even easier for them.
And if you’re using a double-opt-in mailing list, make use of that confirmation page, too! That’s the perfect place for a quick upsell or an invitation to join you in your Facebook group or weekly Periscope.
Here’s a good rule of thumb to follow on your website: Whenever a reader lands on a page, she should be offered the next logical step. When you write your blog posts or create your download pages, keep that in mind, and your sales funnel will practically fill itself.
3 Unusual Places to Find Affiliate Partners
/in Business Owners, Marketing, ProductivityNo matter how proudly you embrace the “solopreneur” title, there comes a time when you absolutely must reach out for help. And for savvy business owners, that help often comes in the form of affiliate partners.
Also called JV partners, affiliates act as your own private sales army, spreading the word about your products and services to a whole new audience—theirs. Not only do you reach people who might otherwise never encounter you, but you also benefit mightily from your affiliate’s existing relationships. By promoting you, an affiliate is endorsing you to their audience. They’re saying, “I know this seller; I trust them, and you should, too.”
But even with all those many benefits, coaches and product sellers sometimes struggle to find great partners. Sure, lots of people will register for your affiliate program, but the Pareto Principle is alive and well when it comes to affiliates: 20% of your partners will do 80% of the work. That means your goal is to recruit higher-performing partners.
The only question is, where do you find these great partners?
Pick Your Virtual Assistant’s Brain
Chances are good that your VA works for other business owners in similar niches. If you’re a business coach, they very likely work with several other coaches and they’re in a position to know…
Look to Your Best Clients
Especially if you’re a business coach, your clients might just be your biggest fans—and they’re in a position to recommend you to friends, family, social connections, and elsewhere.
Be sure your clients all know that you offer a referral/affiliate program, how to sign up, and what the benefits are.
Your Competitors
It’s true—your competitors might just be your biggest affiliates if you give them a chance.
In some circles (such as business and relationship coaching) clients tend to “graduate” from one coach and move to another. This is normal and to be expected. And when you’re on good terms with your competitors, the coach their ex-clients move to might just be you.
Don’t be afraid to look in unusual places for your next affiliate partner. You really never know who can connect you with potential clients and partners. Think about all your relationships—from your team to your social circles to your competitors and colleagues—and consider all of their relationships and how far that might stretch. Then pick up the phone or draft an email and start leveraging your contacts!
6 Easy Ways to Energize Your Workday
/in Business Owners, Productivity, Success LifeWhile you’re at work, it’s common to feel overwhelmed with all the projects you’re juggling. Concentrating for a long period of time can be taxing both emotionally and physically. This often results in a tired mind, aching muscles, and a complete lack of energy. What can you do to revive and energize yourself during your workday while still being productive?
Check out these suggestions for incorporating short breaks into your daily work routine:
Although work can be tedious, you have some choices in what you can do to relax, revitalize, and energize yourself throughout the day.
Use music, deep breathing techniques, walking, cool water splashes, power napping, and scenery changes in order to keep yourself alert and focused. These methods will help you embrace that next big project with optimism and renewed energy.
Eliminate All But The Essential Tasks: A Guide to De-Cluttering Your Life
/in Business Owners, Productivity, Success LifeIf you have an endless list of tasks that need to be done, and most of us do, it can be overwhelming. The list just gets longer and longer each day because you can’t get today’s list completed, and more tasks just keep coming at you.
If you can pare your list of to-dos down the most important tasks, you can keep your planning and time management system simple. A simple list of the 3-5 most important things is all that nearly anyone needs to be very effective and successful.
Follow these steps to manage your time and make success your reality:
We have a tendency to do the things that are the easiest; what’s important is to do the critical few items each day. Simply ask yourself what the advantage is to getting an item done and what is the disadvantage to not getting it done. Don’t choose tasks based on what is the quickest or most enjoyable; that’s what average people do. Be exceptional and do the most important items. If you spend all day on important tasks, your life will be remarkable.
Life doesn’t have to be an endless list of obligations. The key is to recognize that only the most important tasks really matter. When you can see that, you feel free to start chopping obligations.
Most of us major in minor things. Focus on the most important stuff and feel comfortable letting the rest slide. You’ll have more free time and your life will change for the better.
What is Success?
/in Business Owners, Success LifeHow do you define success? Would you consider yourself successful to be at a C-level position in a big organization or to be your own boss in a small business? To many, success is obvious. It’s a life that includes a nice car, a fine home, an impressive job, and an attractive spouse. Yet, people with all of these things aren’t any happier than those with less impressive lives. It’s because all of those achievements only serve to impress others. They do little to enhance the quality of your life.
Those with large homes still spend 80% of their time in just a couple of rooms. A $20,000 car provides just as reliable transportation as an $80,000 car. Even the most attractive people can become tiresome after a short period of time.
Success in the western world is too focused on showing off to your friends, family, and neighbors. It doesn’t focus on what will make you happy. You can’t find happiness by trying to impress others. You only show yourself that your own interests aren’t important.
Redefine success with your own definition:
Truly, a successful life is one that allows you to accomplish or experience those things you consider to be most important. Those accomplishments won’t be the same for everyone. Avoid allowing society to determine the definition of success. Decide what is most important to you and then create a life that supports those things.
Pursuing society’s definition of success will result in confusion, resentment, and disenchantment. Be brave enough to find your own path.
A Remote Worker’s Guide to Balancing Home and Work
/in Business OwnersRegardless if you do remote work and punch a clock or if you’re a business owner that works from home, balancing your home and career can be a challenge. As a remote worker, how do you allocate your time between personal and professional responsibilities? How can you focus on conference calls when you’re surrounded by dirty laundry?
Learn how to set priorities and reduce distractions whether you’re new to remote work or you moved out of your cubicle years ago. Use these tips for staying peaceful and productive when you work from home.
Steps to Take by Yourself:
Steps to Take with Your Family, Friends, and Colleagues:
You don’t have to give up life balance when you give up your commute. Enjoy more health and happiness by drawing sensible boundaries between your personal and professional activities.
Entrepreneurs: 3 Crucial Questions That Can Increase Your Profits
/in Business OwnersA high percentage of people who opt to run their own business find themselves working longer hours for less money than the job they worked so hard to escape from. That’s not all bad news, though, because they at least have the freedom that they craved. They don’t have to answer to anyone. But is that all there is? Isn’t there a way to have that AND increase your profits?
It Could All Be So Different
If you started a business of your own, and within a year it was making twice the salary of your current job, you would be pretty happy, right? But what if, in addition to that, you were only working half the hours of your current job?
So, now you’re working half the hours for twice the pay. Nobody is telling you what to do. Plus, there’s no commute. How would that feel to you? Pretty good, right? How would that go down in your social circle? Do you think your friends would be a little envious?
You would have time to take your kids to school, learn new skills, get in shape, make new plans, and the money to fund them. THAT is what most people would call a fantastic business!
Most people would find this a very attractive proposition. But is it possible? Of course, it’s possible! Thousands of people are already doing exactly that and more, and so can you.
How Can I Do Better?
If you want greater profits from your business, it’s important to perform regular and specific reviews of all aspects of your business.
You’ll want to know what’s working, what’s working the best, and how you can do more of that.
You’ll want to figure out what’s not working, too, so you can determine why that doesn’t work or how you could improve or replace your process. If neither is possible, just stop doing that.
Finally, ask yourself the question, “How can I do better?”
Albert Einstein once said, “It’s impossible to solve a problem with the same kind of thinking that created it.” So, you might need some help on this one. Your best resource is to talk with someone who has faced these issues before and found effective solutions for them. Click here to contact us now – we would love to help you hash out these issues.
True entrepreneurs never waste time or energy re-inventing the wheel. They just go and talk with the guy who created the wheel in the first place.
Here’s a tip that seasoned business owners use:
When reviewing business strategies, most people come from the “What’s wrong and how can I fix it” perspective.
Here’s a better idea:
Start from “What’s right about this issue?” When you come from a positive perspective, your creativity for problem-solving is switched on and in alignment before your start.
This creativity could very well transform your business from a good business into a fantastic business!
Let’s look at how.
The Five Right Questions
Asking yourself these questions will lead you to the answers you seek:
Using the “What’s right?” perspective will, over time, change your complete mindset for everything – not just your business, but your personal and family life, too. Just think of how many conflicts occur each day in the home where the words “What’s wrong” describe their mindset.
Try it yourself the very next time a conflict shows up in your life and see how different your whole attitude becomes immediately.
30 Day Reviews
It would be good business practice to sit down every 30 days and review the answers to these questions:
Onward and Upward
The truth is, the more decisions you make, and the more action you take, the more efficient you become. And the more efficient you become, the better results you’ll create. Plus, it will take you progressively less time to achieve those results!
This is why seeking the advice of seasoned professionals is a key strategy in creating a fantastic business! Talk to fellow entrepreneurs and ask for their advice.
The really smart ones will suggest you hire a Coach. All the most seasoned entrepreneurs have at least one Coach. Ask for a referral if you can.
A Coach can help you make profitable decisions, take effective actions, and streamline your thinking. It’s like having a business partner that you don’t have to split the profits with. Or having a high-value employee without having to pay for taxes and medical benefits. It will save you more money than it costs!
So, making greater profits in your business comes down to these important questions: What’s working? What’s not? How can I do better? Answer these on a regular basis and reap the benefits!
10 Steps to Improve Your Search Engine Ranking (SEO)
/in MarketingSearch engine optimization (SEO) is a great addition to any online marketing effort. Proper implementation can lead to amazing results, with a higher search engine ranking leading to an increase in traffic (website visitors) and sales.
The opportune place to be when someone is looking for the types of products, services, or information you offer is at the top of their search results. This is what SEO is all about.
Let’s look at the factors that affect on-page and off-page SEO and how these can impact your search engine ranking.
On-Page SEO
Off-Page SEO
Now that you know what on-page and off-page factors affect your SEO efforts, you can make any necessary changes to your website, leading to a boost in rankings and sales.
Just remember that SEO takes time to work. It won’t happen overnight and may take many months for you to see the fruits of your labor. However, this effort will be worth it once you’re continuously getting targeted traffic from the search engines, with the sales that come with it!