How to Make Money as an Entrepreneur: 9 Crucial Steps for Your First 100K YearJan 19, 2022
Are you ready to take your soul-aligned business to the next level and make 100K this year?
You know the saying—if it were easy, everyone would do it. I’ll tell you, friend to friend, it isn’t necessarily hard work. It is consistent work. I’m sharing how to make money as an entrepreneur and the 9 crucial steps that you need to take in order to multiply your profits this year.
Don’t Settle for Mediocre
Remember when your parents told you that you can be whatever you want to be when you grow up and do whatever you set your mind to? I’d like to think they genuinely believed that but as you got older you realize there isn’t much support for the dreamers. Bills don’t pay themselves.
So, you found yourself pushing your ambitions of being the president, an inventor, or a professional baker to the side to hit the 9-to-5 grind.
You settled... for a job that is vaguely related and you work for little money. It’s not your fault, really.
Society’s Bad Influence
As adults, our desires and ambitions are heavily moderated by society. Slowly and unbeknownst to us, the dreams we had when we were young have turned into fantasies.
The people that you were brought up with turn from comrades to critics, paralyzing us with judgemental and unsupportive questions like: You want to do/make/be what? And how do you think you’ll make money doing that?
As if you hadn’t thought of that already, right?
This discouraging round of questioning leaves you feeling lost. The innocence of dreaming and believing we can fly when we stretch out our arms quickly fades (the latter might be for the better).
Modern day society has poisoned our minds and forced us to doubt ourselves. It is cruel, frankly.
This is not what you were made for, my friend! My vision is for you to be all that you can be and make money doing it! When you are following these 9 steps, trust the process and you’ll never look back.
How to Make Money as an Entrepreneur Step 1: Focus on Vision
The #1 way to make more money is to focus on your BIG vision. Why are you doing the work you’re doing? What do you hope to achieve (other than making lots of money)? Who do you hope to help?
Your big vision should be your singular focus as a business woman. Invest in it fully and reap the benefits.
Make Money Step 2: Live into your Potential
You, brave sister, have the potential to light up the world. Start believing it and live up to it. There are people who need you and your skills to help them in their lives so, be there for them.
How to Make Money as an Entrepreneur Step 3: Adjust your Mindset
Repeat after me: I am a successful female entrepreneur. I can do this.
Transmute your limiting beliefs and money blocks. In order to make money, you need to nurture a prosperous mindset. Also, read my blog on wealth creation tips here. It discusses 6 types of toxic money habits that are holding you back and #5 touches on how to make your money work for you.
Make Money Step 4: Streamline your Offerings
Having a strong client base is fundamental to running a successful business. So, when you are offering your services/products to your clients, you need to streamline them so that one leads to the next. This will eliminate any potential client confusion.
Make them easily accessible and intuitive and don’t ask them to download 7 different things at once. Try offering 1 service/product at a time and grow it into 3. You do not want your clients to feel the smallest bit of frustration when figuring out what to download first.
Also, start with offering complimentary services/products for two reasons:
- Everyone loves receiving a “freebie”.
- You will love offering one too because you’ll fill it with really useful information that will actually help your clients and entice them to stick with you for more great advice.
The second and third offering that you create can be for purchase.
How to Make Money as an Entrepreneur Step 5: Chart the Path to Generating Leads
How do you currently find your dream clients? What channels are working and what aren’t? Where are you investing your energy? Analyze the statistics. Whether it is word of mouth, digital media or elsewhere, this information will help you immensely.
Find out where your clients are coming from and use that information—focus your energy there and generate more!
Make Money Step 6: Income-Producing Activities
This is a big step—there is a lot that happens here. As we established in step 4, your clientele needs to be strong. Maintaining a healthy clientele list is one of the most important things for an entrepreneur and when you give it a little bit of attention, it will absolutely take your business to the next level.
I want you to concentrate on income-producing activities each and every day.
If you are struggling to attract new clients or keep up with your current ones, this money making step will force you to confront those weaknesses.
For attracting new clients, I encourage you to leave your house and speak to people! Get out there and make it a point to speak to 3 people a day. Another idea is to ask your current clients for referrals. Your current clients already like you and trust you. Their friends feel the same way about them. That’s an easy transition to adopting them as clients.
CRM (Customer Relationship Management)
If you struggle with maintaining your current clientele, look into CRM software to help you follow up with them. Following up with people manually is time-consuming. So, outsource this task. You’ll be surprised at what computer systems can do—including: send personalized emails, track birthdays/anniversaries, keep notes organized per client, etc.
Create an email template that it can send to your current clients to ask for referrals.
How to Make Money as an Entrepreneur Step 7: Delegate
While you are busy with money making step 6, engage outside help for the non income-producing tasks. You only have so many hours in the day and a good majority of that will be spent on focusing on those income-producing activities I spoke about.
Other responsibilities like organizing your office space, grocery shopping and picking up the house—they can all be delegated.
Make Money Step 8: Align with Like Minds
Align yourself with others who have achieved what you desire. Seek out people who want the same thing or have achieved it already. Avoid groups that aren’t taking inspired action, and aren’t willing to take risks.
How to Make Money as an Entrepreneur Step 9: Choose Success
DECIDE! Decide with every cell in your body that you will create the success you envision for yourself.
If you are feeling butterflies, that is expected. It’s a mixture of excitement and nerves. Just know that you can do this and trust the process. You can make as much money as you would like to.
Did you know that very few people are actually born into wealth? Most people earn it. Now get out there and earn it, sister!