3 Tips To Creating Predictable Monthly Income In Your Online Business
One of the best things about being an entrepreneur is the only thing you are limited to is your imagination… and that includes the amount of income you generate too!
But there’s always a flip side to every situation and as a business owner you also will experience the inconsistency of your monthly income.
However, when you want to create predictable monthly income there are a few things you can do to ensure that you have more than enough money coming into your business on a monthly basis!
Create Predictable Income By Focusing On These 3 Things…
#1 Pay Attention To Your Daily Actions
Remember what you don’t pay attention to, doesn’t get measured. So if you’re trying to create predicable monthly income you must really focus on your daily actions to determine where and when you can add in the activities that will help you build consistency in your business.
The best way to accomplish this is to ask yourself the following questions at the end of the day:
- What did I accomplish today
- How many people say my offer today
- Where did most of my time get spend on
If you find this difficult to remember back during the entire day, look back through your calendar and categorize your actions throughout the day.
Which activities did you spend most of your time on…
- Operational tasks?
- Coaching calls?
- Responding to emails?
- Advertising or prospecting?
Most people spend time in “busy mode”, and that won’t bring in the predictable monthly income that you need.
#2 Focus On Money Generating Activities
Once you’ve figured out what activities you’re spending your time on during the day, it’s time to identify what specific activities YOU spend your time on that actually bring in the money for your business.
And now that you are aware of what those specific activities are, it’s time to really figure out how much time you need to dedicate to those activities.
When you have that equation figured out, and you create your schedule so you are actively working on your money generating activities… then you will start to generate predictable monthly income.
So where do you start?
You will need to reverse engineer your numbers to get you to your desired monthly income.
For example… if you want to earn $10k a month – what specifically will you need to get you there?
- How many sales will you need to get a month?
- How many people need to see your presentation before you get a sale?
- How many leads will you need to get for someone to finish the presentation?
- How many videos, social media posts, or ads do you need to place to get that amount of leads?
- How long does it take you to create the posts and ads?
Once you’ve figured out these numbers, you can create a realistic daily schedule that when implemented will bring you directly to your monetary goals.
And that will bring you to the next thing you must focus on to get predictable monthly income…You Must Know Your Conversion Numbers If You Want To Create Predictable Monthly Income! Click To Tweet
#3 Know Your Numbers
It’s impossible to know what daily steps you need to take to create predictable monthly income, if you don’t know your conversion numbers in your business.
If you aren’t aware of the numbers mentioned above, that is your absolute first step. Otherwise you are spending your time spinning your wheels and just throwing stuff out there and hoping that it works.
Yet, when you get systematic in your daily activities and you are focused on money generating activities AND you know your conversion numbers… you’re absolutely on your way to consistent, predictable income!
I created a brand new training that walks you through this exact process and gives you everything you need to have to create a successful online business.
You can see a sneak peak inside the screenshots below:
If you’re not having the results you want in your business, and you’re not creating predictable monthly income…
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