Posted by Steven Teo under Sales & Marketing,
November 28, 2009

What may be holding you back from reaching 6-figures (or even more) isn’t lack of ambition or desire, it may simply be your business model.
Think of your business model as the design of your various services, info products and programs. Too many entrepreneurs offer a bunch of “stuff” without any real thought as to how each offer will best leverage their time, plus create the maximum amount of revenue.
Naturally, they end up disappointed with the results, which is really a shame because anyone can create a winning 6- and 7-figure business model once they know a few simple tips.
Here are 4 simple tips to ensure your business model doesn’t have you making common blunders that will keep your income from growing.
Tip #1: Create a Plan for Moving Clients from 1-on-1 to High-End Programs
The blunder most entrepreneurs make is filling their time with lots of 1-on-1 clients (and often at a low price point), which leaves them feeling burned out. Treat your 1-on-1-client time as the most precious service you offer so that you’re only working with a few clients at a high dollar amount. You’ll love your clients more, you’ll make more money and you’ll free up tremendous amounts of your energy.
Tip #2: Include Life-Long Recurring Revenue in Your Model
It’s exhausting to constantly look for new clients. That’s why savvy entrepreneurs have at least one “continuous” revenue stream in their business model. Ideally, this income stream is one clients never want to give up, giving you consistent monthly income.
There are many creative ways you can design continuous revenue into your business. I recommend looking at what support your clients wish they had for your inspiration.
Tip #3: Think in Terms of a Series Rather than “One-Off” Programs
Every program, product or service you offer must include an option to upgrade to a next level. Waiting to figure this out will cost you a ton in lost revenue and ramp-up time!
For example, your free teleseminar can roll participants into a paid group or teleseminar program. In that program, upgrade a certain percentage of participants to a private virtual retreat day with you. Your virtual retreat day clients can then upgrade to a longer term coaching program. Never let your relationship with your clients end because you don’t have anything more to offer them.
Tip #4: If You Can’t Leverage It, Don’t Offer It
Once you shift your mindset to the leveraged business model, you’ll never again be tempted to offer a stand-alone program or service. It just isn’t worth your time and effort! Even something as simple as an ebook should consciously leverage your clients to upgrade to a higher-end service or program.
If Your Cash Flow Stops and Starts, Then Take a Critical Look at Your Business Model For the Solution
Unpredictable, up-and-down cash flow is frustrating to deal with. By redesigning your business model so that every offer flows effortlessly into the next, you’ll not only even out your income, you’ll dramatically increase it as well.
About the Author:
Kendall SummerHawk, the Million Dollar Marketing Coach, is an expert at helping women entrepreneurs at all levels design a business they love and charge what they're worth and get it. Kendall delivers simple ways entrepreneurs can design and price their services to quickly move away from 'dollars-for-hours work' and create more money, time, and freedom in their businesses. For free articles, free resources and to sign up for a free subscription to Kendall's Money, Marketing and Soul weekly articles, visit www.kendallsummerhawk.com.
Add your own comments
Digg it
Save This Page
Subscribe to GetEntrepreneurial.com
Leave a comment
Next Article: Firing Clients: How Three Types of Female Entrepreneurs Handle it When Things Just Don’t Work Out »
Previous Article: Owning A Restaurant Franchise »
Steven Teo is a GE Network Expert. View Steven Teo's profile or read more articles from Steven Teo. Learn more about the GE Experts Network.
Have an expert opinion on issues entrepreneurs and small business owners face
everyday?
Join the GetEntrepreneurial.com Experts Network and share your
expertise with the community!
The new
GE Experts Network is inviting seasoned entrepreneurs and small business
owners to come on board and contribute small business advice to our community of
aspiring entrepreneurs. If you have an effective way of generating sales or you
know how to use social networking to connect with your customers,
join us in
providing wider entrepreneurial content that would benefit small business owners
worldwide.
5 Capable Methods Of Social Media Marketing
Differentiation: Smart Marketing Strategies for the Solo Entrepreneur
Educate Your Customers
Tell Them About Quality
Fighting the Saw-Tooth Effect
Tips For The Gift Of Gabs
Emotion-Stirring Marketing
This article was posted to the category: Sales & Marketing. Click here to read more articles in this category.
Ooh Local Activities » If you can find and do great, local stuff at home, why not do great local stuff that’s run by local people...
Necktie Reuse » New Startups: Narwhal Company is the inspirational idea of an everyday person that was looking to move away from the 9-5 lifestyle...
Dog’s Collar Comes with Tweets » "Puppy Tweets" dog’s collar allows dog owners to follow their dog on twitter. This plastic tag (introduced by Mattel), comes equipped with...
Friend of Trends » Trend Friend is an online (and smartphone accessible) gift idea database that allows users to quickly find the trendiest gifts based on...
Need more brand new promising business ideas and innovations around the world you wish you'd thought of? Visit CoolBusinessIdeas.com now!![]()


Ever wanted to be the CEO of your very own Starbucks or Amazon.com? Fire your boss and be your own boss? Now you can, with BIZNESS! - the free biweekly business newsletter about new business ideas, opportunities and innovations from around the world. More than just new business trends, BIZNESS! helps the aspiring entrepreneur (you!) with small business advice, business tips, and entrepreneur resources and opportunities.
Subscribe for free now! 
![]()
• Top Ways to Get a Fresh Business Idea Off the Ground
• What Is A Solo Entrepreneur?
• Four Ways to Save Time When Working From Home
• Selling the Customer What the Customer Needs
• Things to Consider before Starting a Business

Browse Canada’s best Franchise Opportunities Now
Get cash now with a payday advance - Cash Converters can help you get on with your life.
Business Holiday Cards
Outsourcing Services
Roberts Dab Radios from Go Electrical
Top Franchise Opportunities
TV Brackets, TV Wall Brackets,TV Brackets Wall
TV Bracket, TV wall Bracket, TV Bracket Wall
LCD TV Brackets, LCD Wall Brackets, TV Brackets Wall
TV Wall Mounts, LCD Wall Mount, TV Brackets Wall
Digital Scales, Digital Scale, Pocket Scales
Online payday loans from Lending Stream
Payday Loans
Custom Floor Matting
Customized Business Gifts
Franchise Opportunities Free Search
Join Bettertrades to improve your life and increase your financial freedom. Watch Bettertrades video to learn more.
Uk payday loans deposited directly into your account today. QuickQuid serves the millions who have a poor credit rating.
Small Business Insurance from Aon