5 Strategic Ideas to Make More Money
Ready to make a lot more money this year? Whether your goals to make $20k, $30k or $50k month or even just reach your first $10k month… here are five strategic ideas on how you can increase your income.
I’ve included ideas for both business owners and people who work for a company. Make sure to pick one strategy and take action on it.
List 100 Ways to Make More Money
This is one of my favorite money exercises. Take a piece of paper and begin listing ways that you can make more money right now:
Can you…
Sell the old couch that’s sitting in your basement?
Sublet your home while on vacation?
Host a three day in-person VIP retreat for your clients?
Offer a pay in full or VIP version of your offer?
Have a conversation with HR on how to grow in your profession and qualify for a higher paying position?
Take on a weekend shift and get paid overtime?
…
List any and all ideas that pop into your mind. List the good ones and the bad ones too. Sometimes a bad idea leads to a good one! You’re also welcome to ask your friends and family to help you with your list.
Once you’ve got your list of 100 ways to make more money, circle the ideas that you want to take action on. And then go do it! Always remember that you only get results from what you implement.
This exercise is amazing! It will teach you to always be on the lookout for new, creative ideas on how to make more money.
It will also teach you resourceful and turn you into an amazing action taker who can make money on demand. So cool, right??
Shop Around For A Higher Paying Job
If you're working for a company, start a habit of always shopping around for a higher paying position. You want to have a realistic and attainable plan on how to reach your financial goals.
If the company you currently work for offers a pathway for you to grow financially, then think about ways that you can speed up the process.
If it doesn’t, get into a habit of shopping around for a better paying position elsewhere. Make sure you’re always networking and connecting with recruiters, as well as continuously applying for new positions. Don’t be afraid to get the help of a career coach to help you perfect your resumé and master the interviewing process.
You will likely spend a third of your life working. That’s why it is worthwhile to find a position that you enjoy and that brings you the compensation you want.
Market Ten Times More
If you're a business owner, make sure you have an easy YES offer that sells and sells and sells.
Once your offer is selling well, you can throw some gasoline on your marketing. Make sure to market ten times more than you usually do!
Here are three ways you can enroll more people into your offer:
Reach out to 100 people in your network and offer them to be a beta tester for your offer at a reduced rate
Pitch to ten podcasts per day. When you are being interviewed, share about your offer and invite listeners to book a call with you.
Post on social media daily. Talk about the transformation your provide and invite people to book a call with you.
Think about how you usually get clients and do a lot more of that. More marketing always leads to more sales, leads to more money!
Create A High Ticket Offer
How many sales per month does it take for you to reach your income goals? Make sure to price your offer in a way that 5-10 sales per month easily brings in the revenue you want.
In addition, always offer a pay-in-full option for your offer. And consider offering a VIP upgrade at a higher price point.
What you sell, sells. So make sure to sell the type of offer that lets you make the amount of money you want!
Keep Your Expenses Low
While it’s fun to see your income increase, make sure to keep your expenses low. Remember the saying: “Income is vanity, profit is sanity, cash is king.”
Too many business owners “upgrade” their lifestyle once they make more money.
Instead, keep your profit and let it grow and compound over time. This is how you turn your income into a wealth-building asset!
About Hanna Bier:
Money Coach Hanna Bier has helped over a thousand women from across the world heal their relationship with money and step into a world of financial freedom. Known for her bestselling book Wealth From Within and her client-favorite program Money Bliss, she supports ambitious women in becoming the powerful creators they are here to be.
Ready to be in touch? Claim one of the few free strategy calls Hanna offers each month.
