Wednesday, March 10th, 2010 at
3:01 pm
I’m in the process of completely rethinking my business model, and that will be my primary focus as I plan this year’s business retreat for myself. Your business model doesn’t have to be at all complex, but should provide the guiding force for all that you do, like guiding you to the opportunities to accept (and those to decline), the joint ventures and strategic alliances to pursue, and the new ideas you should retain and develop, as well as those to let go of.
Here’s are the 4 steps I’m following as I create the blueprint for my business model:
1. Make clients pay well for your most valuable commodity — your time. I see many service business owners tying themselves up with (and tying themselves down to) far too many 1:1 clients. You have only so many hours in the day, and at some point you’ll hit the wall and not be able to expand the number of 1:1 clients you see. Sure, you can hire and train additional staff to handle the overflow, but in many cases, you make less money in this model while tripling your headaches. Make your 1:1 time with clients your highest-fee service, charging a premium fee to dispense your expertise.
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Tuesday, July 14th, 2009 at
9:28 am
You know how often I get asked about how effective social networking is for someone’s business, from my clients or when I’m out networking from random business owners?? Hundreds a month.
It’s amazing. It’s amazing how many of us are on the social sites but also how many are not!
I think if you’re an entrepreneur, no matter whether you do business locally or globally, you should be doing some amount of social networking as ONE source of lead generation in your business.
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Monday, October 13th, 2008 at
6:54 am
Yes. A megapreneur does know something that other infopreneurs, especially newbies, don’t know. One simple, little secret that makes a huge difference. What is the secret?
Leverage! Megapreneurs leverage other people’s money, status, time and resources.
Most infopreneurs, including veteran and newbies, go into joint ventures without any leverage and end up not getting very good results. Because of this, they tend to think joint ventures don’t work very well. They simply don’t understand the concept of leverage sufficiently.
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Saturday, May 31st, 2008 at
6:13 pm
There are basically two types of bloggers in the world – reporters and experts – and some people perform both roles (usually the experts, it?s hard for reporters to become experts, but it?s easy for experts to report).
If you have ever taken an Internet marketing course or attended a seminar specifically for beginners, you have probably heard about the two different methodologies. Whenever the business model is based on content, and if you blog for money then the model is based on content, people are taught to either start as reporters, or if possible step up as experts.
I?ll be frank; you want to be the expert.
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