Discover the Secret to Avoiding the Roller Coaster Income Syndrome
If you’re like most small business owners, when you need business you run out and do lots of marketing; then you get so busy working you get have no time to seek out new clients. The money’s flowing and you get complacent. However, then you finish up your projects and clients and guess what! There’s no business again! And the income drops! You’re riding the roller coaster income syndrome and there’s only one way out: consistency. You need to create an ongoing marketing engine that runs whether you’re busy or whether you’re bored!
Preparing a marketing plan is your first step. You’ll need to conduct some market research to determine who your ideal client is, what their needs are, how you can meet their needs, where you can find them, how you will reach them, and the daily activities you need to do to keep your pipeline full. Some of these activities may include networking, speaking, seminars, teleclasses, and e-zines. All of these are active forms of marketing that take your time, unless you can delegate some of the activities or automate them. You can also count on a steady stream of income when you have in place various sources of passive income, such as from products sales, affiliates, or referrals fees.
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