3 Places you’re Leaving Money on the Table (and How to Fix Them Today)
Good business leaders and coaches are able to look at a company objectively, ask the pertinent questions, and guide the owner or their team 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 work and help mold the company into a profitable entity.
For business owner with an online presence (and ALL businesses should be online!) there are tons of passive ways to build income streams into your website and products that will bring in extra money while you focus on serving your current team members and customers. Passive income is good and will help your bottom line while you actively market your existing business. You and I both know you have invested good money into your business and your into your website; why not make it work harder for you?
1. Affiliate Marketing this is one of the easiest ways to make commission by recommending products or services to your audience. So many Companies have affiliate programs like Amazon, Etsy Paparazzi Jewelry or even high end brands like Apple and Nike. This process is as easy as telling your friend or neighbor about the amazing pair of shoes you just got or the unique find on Etsy. Simply sign up for the product’s affiliate program and place a unique link within a product review or a shopping guide on your blog with all the things about it you recommend. Every time someone clicks on your link, they are brought to the product’s site and if and when they make a purchase, you get a commission. Affiliate links can also be added to eBooks and other digital products you sell. However, make sure to review the Terms of Service for all the social media platforms before posting an affiliate link, most are very flexible and easy to understand and use.
2. Creating upsells in your sales funnel is an awesome yet overlooked place where you can bring in extra money. If you are creating a recipe that calls for certain bakeware or measuring cups, you can easily place links to sell those items.