Three sources of income that are key to maintaining a stable cash flow in your online business
Many female entrepreneurs do not know how to generate stable income for their online businesses and work excessively, spending unnecessary time on activities that do not pay them income. To give you more clarity when creating your sources of income, I teach you three simple ways to maintain a stable cash flow in your online business.
Content
As an entrepreneurial woman, the number one priority is to maintain a stable flow of income entering your business at all times.
However, I have seen that many female entrepreneurs working online are easily distracted by thousands of other activities before regularly focusing on creating sources of income for their business.
That is why I recommend to my students to dedicate the first hours of their day-minimum half an hour a day-exclusively to the generation of new sources of income.
How is it done?
First of all, you have to stop believing that there is only one way to put money into your online business.
There are several different ways to generate income for an online business and you should plan your business in such a way that you have them all implemented to stabilize your income and put aside the roller coaster of the constant ups and downs of money that causes so much drama in the businesses of enterprising women who want to help many, but don't know how to successfully monetize their mission.
Basically, there are 3 different sources of income that you can implement as you progress with your online business:
1. Accelerated income:
They are income that you generate by working directly with your clients. The advantage they have is that you can implement them quickly, even without having a list or website.
The disadvantage is that they require your direct intervention, that is, you exchange your hours for dollars. This will limit the growth in your business and you risk falling into the fatigue and the burden if you only work with this type of income.
2. Stabilizing income:
They are recurring income and liabilities that flow to your business continuously.
You no longer work “one on one” with your clients, but rather adopt group service modalities, which allows you to leverage your time and earn much more money with the same effort.
This type of income has the great advantage of stabilizing your business and giving you the freedom you need to continue growing in it.
Its disadvantage is that you need to have a list of subscribers and some positioning to be able to be successful with these sources of income.
3. Magnifying income:
They are sources of income that do not necessarily contribute substantially to your annual income, but they do generate a constant flow of new leads to your business.
Magnifying revenue streams help you fill in the previous two programs and allow you to have a continuous flow of new customers to your business.
Change your mindset
The most important thing you must do in order to create these 3 different ways to deposit money into your business, is to change your mindset.
You must put aside the trap into which so many enterprising women fall - that of thinking that you must work hard to earn money.
Remember that the most important thing you should always keep in mind is that you should focus primarily on generating sources of income for your business, before wasting your energy on opening your email or getting on Facebook.
Regardless of where you are in your business, your cash flow is the most decisive!
When you expand your mind and focus on including the 3 different ways to generate income for your business, you will dramatically increase your income, and significantly reduce the stress you are experiencing in the day to day of your online business.
Best of all, you will become the online businesswoman you always dreamed of being.
You will make a difference by affecting many lives, as you thrive in your business with confidence and confidence, manifesting your feminine power in all its glory!
