Guest Post: Avoiding the Hit or Miss In Your Business

Guest blog post from Monica Shah.






Recently, I wrote a blog post on the three numbers that you must track in your business.

I received this comment:

“Hey Monica, any advice for someone who’s already tracking revenue and expenses numbers, but it’s still hit or miss all the time? I used to avoid it, but now I’m avid about tracking it, yet my consistency doesn’t seem to be yielding the results I’d like .” – Angela Minelli

What an amazing question. This used to happen to me all the time. I would make clear goals, keep track of money and know my numbers, but I just wasn’t filling my practice, selling enough products, or filling my groups. Furthermore, bringing in consistent income was also incredibly hard. I found the whole thing royally frustrating. Now that my business has matured, I can clearly see what was causing these results. If you’re out there, creating your goals and dutifully following your numbers, but you still seem to be missing the mark, then I’d like to offer a 5-step clear action plan that will bring you more money and more clients.

1. Avoid “magical money thinking.” 

Figure Out Your Numbers. Let’s say you want to fill your practice with 10 new clients by the start of July. That means you need to get about 3 new clients every month. Please avoid assuming that if you think about that number hard enough or clear your emotional blocks long enough, the clients will just flow in – that is what I call “magical money thinking.” The first step is to make a clear action plan around how you are going to meet 3 new clients this month. It’s all a numbers game. Let’s assume for every 2 sales conversations, you sign one client. Let’s also assume that for every 3 people that you ASK to do a sales conversation with, 1 says YES. That means you need to get yourself out and about so that you can meet or interact with at least 18 people this month who you’ll ask to do a sales conversation with you. And you will do six sales conversations in order to hit your 3 client goal.

2. Create an action plan to connect with new people. 

Ok, now you need to decide how you are going to meet at least 18 people new people this month. Don’t worry, it’s not as hard as it seems. First start with follow-up from your own list and other business events that you haven’t done yet. This is what I call a low-hanging fruit list. Make a list of people that you can contact that you’ve already met or who have expressed working with you in the past. Ask them to do a free meeting or initial session with you. Let’s say you find 3 people to ASK.

Second, plan your networking events. Let’s say you meet on average 4 people at each networking event. That means you’ll need to go to at least 3 networking events this month. That is 12 new people to ASK.

Third, plan a workshop. Let’s say you get an average of 3 free initial sessions after you do a workshop. That means you’ll do 1 workshop this month. That is 3 new people to ASK.

Now you know how you are going to meet your 18 new people to connect with this month.

3. Calender Your Events. 

This is the most important step. Now find 3 real networking events and put them on calender ahead of time. It may be helpful to put six on the calender, just in case you can’t make some of them. Also, locate a place to do a workshop on your topic area and get that on the calender. Commit to these events. No getting tired or shy when the day comes to put yourself out there. The more consistent you get about doing this kind of plan and actually following through on it, the more consistent your income will be.

4. Follow this Plan, no matter how advanced you are in your business. 

For those of you out there that are planning group program launches, product launches and the like. You can use this same plan. Here are the differences. For a launch, you want to start planning 8 weeks out from the launch. That way you can get your copy written and get the pages up on time. Next, use the same steps to determine your numbers. In this case, you want to add some online joint ventures, social media marketing and teleseminars to your connecting efforts. I think it is important, especially for new business owners with small lists, to combine offline marketing like networking and workshops with online marketing like teleseminars and joint ventures. You’ll connect with more people that way. Put everything on the calender and stick with it.

5. Stick to the plan. 

Please realize that consistency is important. The first time you create an action plan like this, it may not work so well the first month, even though you follow it to a T. However, by the third month, seeds that you planted in the first month will start to sprout. This is even true with your first launch of a group program or product. Sometimes it takes two times through before people start to notice you. Just stick with it – consistently making action plans and following through on them. When I do a VIP day with my clients, where I work intensely with them for 6 hours, we create a 12 month action plan so that they know exactly what to do each day, each week and each month. I highly suggest everyone has a plan that they are following that goes out at least 60 days.

As you can see, knowing the numbers is only 50% of getting results. The other 50% is creating a smart action plan and sticking to it. I hope this helps you to see specifically HOW you start to create such a plan. Leave me a comment and let me now how this lands with you.


Monica Shah, MBA, is the Breakthrough Business Specialist. Her M.O.R.E M.O.N.E.Y system effectively teaches women to take their passion-based business to six figures and beyond. Would you like to learn how to run a business that you love while creating the lifestyle you deserve? Check out her website http://www.RevenueBreakthrough.com, for free articles and resources and to sign up for her free report "5 Simple Steps to Double Your Income in 60 Days or Less."

Advantages of Blogging -- Part III

The first two posts in this series outlined the advantages of a blog to drive traffic to your website and helping brand you as an expert.

The third advantage has to do with your website making you money directly.

3. Money making potential: There are going to be lots of people who come across your blog who don't turn into resume or career coaching clients. You can make money from your blog by getting them to purchase your affiliate offers -- but you can also make money from them just by virtue of them visiting your site -- through advertising revenue.

If you are getting a lot of traffic to your blog, you can sign up for a service like Google AdSense which will place relevant ads on your blog posts.  Every time a person clicks one of these ads you will be paid.  There are also tons of affiliate offers out there.  On a site like Clickbank, you can sign up and promote other people's products on your site.  This works especially well if the product is relevant to your content. 

You might even get the opportunity for selling your own ad space. You can sell ads directly on your blog -- you might partner with a local service provider (for example, a mental health therapist who offers career assessments) and sell them ad space on the blog.

Blogs have moved beyond the realm of an online diary and yes it seems like everyone has a blog.  Those aren't reasons for you not to do it, especially if you want to succeed as a professional resume writer and/or career coach.  More traffic, brand yourself as an expert and make some money...who wouldn't want that?

Advantages of Blogging -- Part II

In yesterday's blog post, we looked at the first advantage of blogging, feeding traffic to your resume writing or career coaching business website.

The second advantage has to do with positioning yourself as an expert.

2. Brand yourself as expert on a topic:  This is also a great benefit for professional resume writers and career coaches.  If you are constantly blogging helpful advice about a certain topic -- you will eventually begin to gain followers.  If your information is high quality, people will begin to look at you as an authority on your subject. Once you are looked at as an authority on the subject, you will instantly gain the trust of your blog readers.  They will come back and be loyal visitors.  Loyal visitors means you can funnel them to become clients or even tempt them with affiliate offers.

Next up in the series: Making money directly from your blogging efforts.

Advantages of Blogging -- Part I

For a resume writer or career coach, there are a number of advantages to having your own blog. Lots of people have blogs -- they're used for online marketing (promoting your resume writing and career industry services) by small business owners (just like you!). There are also a number of "hobbyist" blogs out there, focusing on specific niches -- giving you the opportunity to connect with other blog publishers (and drive traffic to your own blog!)

Despite what many people think, blogs aren't just "teenage diaries." While there are a number of blogs out there these days in the career industry field, the market certainly isn't saturated.  Competitiveness in a market just means there is traffic to be had and money to be made...if you want it.

Creating a blog in this day and age could not be easier.  There are literally hundreds of completely free blogging platforms available to people.  So why not give it a shot? 

If you are shaking your head right now thinking about how you said you would never blog, check out these three advantages. We'll look at advantage number one in today's blog post:

1. Feed traffic to your resume writing business website:  If you have a website for your career industry business (resume writer, career coach), adding a blog to that site or even on its own domain is a smart move. 

Blogs are based on dynamic content -- meaning the content is fresh and regularly added.  Google likes fresh dynamic content.  If you are blogging constantly about things related to your business you will naturally begin to start ranking in Google for some long tail keywords. This means you will be picking up web traffic that your static business site wouldn't have.

If your blog is part of your business site then that will mean more traffic directly to your site.  If you have your blog on another domain -- you can use links and banners to direct the traffic to your business or "money" site.

Tomorrow: Using a blog to showcase your expertise.