5 Ways to Make 5 Figures Every Month
Are you a woman entrepreneur investing a lot of time in your business, yet, feel you earn too little money for this effort?
If so, you’re not alone. To get your income to the break through 6 figures—where you’re consistently earning 5 figures of income per month— all you need to do is make a few simple changes.
1. Raise Your Fees
There are three ways you can make more money in your business:
1) Serve more people
2) Increase the number of buying transactions per person
3) Raise your fees
The fastest way to increase your income is to raise your fees.
How much can you raise them? I advise my clients to initially raise their fees 20% to 40% immediately. How much you raise them depends on your current fees, as well as your own comfort level.
Here’s a great tip: if you raise your fees 20% right now, no one will probably notice, and you’ve just given yourself a 20% raise!
2. Package Your Services into High-Value “Platinum Style” Programs
There are still many women coaches and consultants selling their time ‘by the hour.’
Granted, some services are commonly sold this way. However, from my experience, there is an opportunity to sell your services as a high value package 80% of the time. This moves you away from charging by the hour, and increases your fees and income.
3. Design a New High Income Business Model
I promised you 5 ways to make 5 figures every month.
Here are 5 examples of business models you can use to earn 5 figures (or more), getting you to the 6 figure yearly income mark (while making more money per hour and working less time)
1) Get 5 new VIP Day clients @ $2,000 each
2) Host a VIP Day Workshop and enroll 10 clients @ $1,000 each
2) Get 2 new 6-Month Private Platinum Clients @ $5,000 each
3) Get 1 new 12-Month Private Platinum Client @ $10,000 each
4) Get 2 90-Day Private Platinum Clients @ $2,500 and 1 6-Month Private Platinum Client @ $5,000 each
These are examples of business models that are perfect if you are just starting out offering high-end programs. The fees are also extremely doable! Very quickly, you will want to raise your fees from the guidelines I’ve given you.
As your business grows you can leverage your offers, help more people, and increase your income even higher.
Which is your favorite model?
Choose one and implement it today to begin earning 5 figures in your business each and every month!
