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3 Places you’re Leaving Money on the Table (and How to Fix Them Today)

Affiliate Disclosure
This Blog contains Affiliate Links which lead to outside Resources and make the Author of the post money (a percentage of the sale price) when you purchase an offer through these links. You will not pay more when purchasing!
3 Places you're Leaving Money on the Table (and How to Fix Them Today)
Good business coaches are able to look at a company objectively, ask pertinent questions and Guide the Owner through the Process of Creating a Plan for Future Growth.

Consider a business coach your objective third party, the one who can sort through the processes that work and those that don't and help mould your company into a profitable entity.
For any business owner with an online presence (and EVERY business should be online!), there are many passive ways to build income streams into your website and products that will bring in extra money while you focus on serving your current customers.

Passive income is good and will help your bottom line while you actively market your business. You've invested good money into your business and your website; why not make it work harder for you?
1. Affiliate Marketing
  • A simple way to make Commissions by Recommending products or services to your Audience that are Complementing your own Offers
This process is similar to telling your friend or neighbour about the great pizza place where you just ate dinner.

Simply sign up for the product's affiliate program and place a unique link within a product review on your blog or on a web page listing all the business tools you recommend.

Every time someone clicks on your link, they are brought to the product's site and if they make a purchase, you get a commission.

Affiliate links can also be added to eBooks or other digital products you sell. However, review the Terms of Service for all the social media platforms before posting an affiliate link.
2. Creating Upsells in your Sales Funnels
is another overlooked place where you can bring in extra money.
Do you have a basic sales funnel in place, where you make an offer to your broad audience and then have more focused, more expensive offers for them to choose from over time?

These additional offers bring your customers down the funnel toward your most expensive offer.

Now, for each main offer in your sales funnel, think of an upsell your customer would find valuable. This may be free admittance into your private Facebook group or maybe it's a report, checklist, form, or eBook for a nominal fee that is a no-brainer add-on to their order.

For your more expensive offers, add a more expensive upsell, like a trial period in your membership site. The key is to choose relevant upsells that will benefit your customer and that makes sense to couple with the initial product purchase. In other words, don't create an upsell that doesn't make sense.
3. Back-end Efficiency
is important to any business, whether it's strictly online or whether you also have a physical location. A business coach can objectively assess whether you're working most efficiently and can offer solutions to make customer service, billing, and customer fulfilment (just to name a few areas) quicker and more accurate. Very often business owners are too close to the situation to see how everything flows (or doesn't flow) together, similar to why having someone else proofread your sales copy is ideal because they are more likely to pick up typos, strictly because they didn't write the copy.

If you need more help deciphering which passive income streams you're wasting, call me to schedule a discovery meeting.
Author: Monique Parker
She helps New & Struggling Entrepreneurs, Coaches, Speakers, Service-Based Biz Owners and Professionals Build Their Sustainable Information Businesses through her Program " Business Breakthrough Accelerator".

So your Ideal Clients Find you and you can Finally Free Up Your Time and Get Off the 9 to 5 Hamster Wheel!

You'll do this by Discovering your Client Attracting Story & Message, Product/ Service Creation/ Improvement, Streamlining Client Enrollment and More!



https://www.doneforumarketing.co.uk
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Meet your Mentor
 
Monique Parker
Monique is the CEO of Monique Parker Mentoring - Done4UMarketing LTD.
 
New & Struggling Entrepreneurs, Coaches, Speakers, Service-Based Biz Owners and Professionals hire her for support in Building Their Sustainable Information Businesses through her Program "Experience to Income Accelerator".
 
So your Ideal Clients Find you and you Finally have more Time in your  Day and Get Off the 9 to 5 Hamster Wheel!
 
You'll do this by Discovering your Client Attracting Story & Message, Create your 6 Figure Program or Service, Streamline Client Enrollment and More!
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