What It Feels Like To Make More Money
If you are like most people who read my stuff, then you are someone who is looking to either make your first income online ever… or looking to INCREASE YOUR INCOME even higher. Well, if you are one who wants to make even more money and believe you should and can make more money… lots more money… then I think you’ll dig what I have to say here.
When you take a strong look at your income/revenue, you’ll notice that you have a system that is working. That system is producing income. You’ve got the system down and it’s nice. You see many more people out there struggling to even believe this online marketing thing is real or not. But make no mistake about it, you’re making some cash and you are starting to really want to make even more than ever. But how?
This past weekend I went to the pen and notebook to just think. I like doing that in the quiet and many times I get some really big breakthroughs doing that. However, what’s really weird is even if I spend an hour consumed in my thoughts, the really big breakthroughs come later one when I’m doing something else… like taking a shower, or jogging (ok walking)… or driving… or cleaning… or watching a movie. Weird huh?
Well, I took a strong hard look at the past few years of making money online and tried to identify the true “money sources”… and narrow-in on those sources… and think of how I can increase those money sources even more. Mo Money!
Weird thing is, it’s not rocket science at all, but it is indeed powerful. Lets take a look at the main areas real fast:
MORE CLIENTS/CUSTOMERS
Sounds like common sense doesn’t it? Wrong. It’s not. First, do you even think of your customers as clients? Do you cherish them? Do you love them? I know we all hate the haters we get, so ignore them to an extent (your attitude wise)… and only use haters to improve your game. Do not let them distract, limit, or persuade you to slow your roll.
But customers (clients)… do you cherish them enough? In the world of quick transactions and automated income, and outsourced Filipinos, and ebooks, and software, it’s easy to ignore them and forget they even exist as people. But, if you cherish them and love them, and give so much they are blown away by you, how can you help but to make a crap load more money? A happy customer (client) is much easier to sell other stuff than it is to gain a brand new customer (client)… right?
Therefore, one avenue for more revenue to your bank account is to cherish your clients, treat them better than anyone else does, give, give, give… and keep giving. Because, if you love them… they’ll love YOU!
Get more clients. How? Well, look at all the resources and areas and distribution avenues and opportunities available to you. Chances are, if you’ve mastered one system/model for making money online, you ONLY have one or maybe two avenues for generating new customers.
Perhaps, your only way of getting new customers is through SEO. That would mean there’s an abundance of opportunity for you to gain more new customers through Paid Traffic… Solo Ads… List Swaps… Banners… etc. Or, perhaps you have TWO avenues (SEO and paid traffic). What else could you do? Affiliates maybe? Joint Ventures perhaps? Referrals possibly? Direct mail even? Integration you think?
Adding just one other avenue of “getting clients” can severely increase your overall income deposited into your bank account. This alone can double, triple or more… your cash!
(you’re welcome).
LTV BABY!
Want even more cash? Increase the lifetime value of your customers (LTV). If you’re making some money online, chances are you have a system that’s working for you. If your system involves gaining “customers”… then this is a solid gold mine waiting for you to do something about it. However, if your system is just making money off of people clicking links (Adsense for example)… then perhaps your tripled income will come from changing your business model and increasing your chances for even more income.
Let’s assume you have an info product, and if you don’t, then you need some. That move alone can change your life. So, you have an ebook or video course or something. Now, focus on increasing the LTV of those customers you have and get. Sound like common sense? NOT EVEN!
Millions and millions of online businesses have no backend, have no up-sells, have nothing else they sell their customers other than their main product. These businesses could easily add products (more expensive products)… and could even add other people’s products (as an affiliate or Joint venture partner).
If one customer buys from you at around $50 per sale, just adding a couple other products… even a high ticket one that’s much more expensive, could increase your income 8 times or more!! And, if you are a consultant, or someone looking to make their first bucks online, then HELLO?! Did you catch the part where I said millions and millions of online businesses have no backend? BINGO and money in da bank my friend!
In fact, I heard of a business here in Austin, TX that has generated millions of dollars very quickly by just doing THAT… increasing the revenue for online businesses that are already established. They have no backends brotha’
or sista’
OTHER!
There are some other areas identified for increasing income big time. I’m not going to share them on this post, but might in the next post or future posts. However, I’d love to hear what you think of. If you come up with some other areas, let’s hear them. What are some ways to increase your income? I’ve got a list and I’m checking it twice!
Those 6 or 7 of you who read my blog, post your comments and lets see how they shake out.