Wouldn't it be great if you had a product that generated a nice level of income for your business without you having to put in any effort? Seems too good to be true doesn't it? This is what we call a magic money maker and it is something that can be applied to just about any industry or business. With just a little bit of ingenuity you can make your business work for you. Then you can sit back and focus on doing the parts of your job that you love, without having to worry about how you are going to pay the bills.
The Value of a Magic Money Maker
Many entrepreneurs start out as one person businesses. Even though they can be highly successful there is always a point where they reach their personal capacity. They are then faced with the dilemma of whether to expand or turn away business. Both of which can have potential risks for the business if implemented in the wrong way. A magic money maker strategy provides you with a third option. It is a way of generating revenue for your business that requires very little fulfilment on your part. Because it doesn't impact on your capacity there is no limit of how many of those products you can sell. It can be a way of generating revenue for your business for many years to come.
Steps to Implementing a Magic Money Maker Strategy
• Create or find a product or service that will sell for between $1000 and $2000. It can be cheaper than that but should not be less than $250 as a guideline. Rather pitch the price a little higher and see how your customers respond than pitch it too low and lose out on valuable revenues.
• Make it a product that is packaged and ready to sell with very little or no fulfilment on your part. For example: In my business I have an Attract Corporate Clients Program selling for $800 that gives clients tools to land some nice big corporate clients for their business. It is a detailed program that gives steps to follow and examples of how to go about it. But it is a product that is complete without me having to add any personal time or input. The idea is that it must generate money for you without creating extra work for you.
• Make your product very specific and target a specific audience. In my example I targeted small business owners and provided them with a product that can make a huge difference to their business.
• Offer your customers something that is of real value to them. Don't skimp on the product offering. Add in details and extras so that it is a comprehensive product that can stand on its own. In this way you can justify the price that you charge.
• Find an easy way to get this product out to your customers that doesn't demand your time or energy. The internet has provided a convenient and affordable way to market products to a global audience. Use this as a platform to distribute your magic money maker to your clients.
A magic money maker is a tool that you can use to generate easy and consistent revenue streams for your business. It can free you up to explore new business opportunities and focus on other areas of your business without having to worry where your monthly income is coming from. It is an essential strategy to implement if you want to have a business that works for you, rather than you having to slave away. A magic money maker can in time become the core of your business revenue streams.
Want to Implement Your Own Magic Money Maker Strategy? Want to have a Big income Leap? It's about doing biz a WHOLE NEW WAY. I'm revealing my secrets for FREE on this webinar. Please join me by registering here: http://www.clientmagnets.com/bigincomeleaps/
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