Tweet

3 Steps to Leveraging Your Business for Easy Growth

Guest post by: Anne Bachrach

Article Overview: A business that cannot operate without the presence of its owner isn't being managed in the most efficient manner and cannot grow. Learning to leverage your business will allow you to grow your business. Below are 3 Steps to Leveraging your Business for Easy Growth.

3 Steps to Leveraging Your Business for Easy Growth



A business that cannot operate without the presence of its owner isn't being managed in the most efficient manner and cannot grow. Learning to leverage your business will allow you to grow your business. Below are 3 Steps to Leveraging your Business for Easy Growth.

Build a team: Taking the time to build a reliable team will allow you to focus your energy on the high payoff tasks. Delegate normal to low priority tasks to your team of employees or independent contractors.

If your business is operating on a limited budget, hire virtual assistants on an as-needed basis. Then once you have the steady revenue to hire someone on a more consistent basis, consider hiring a dedicated virtual assistant. It's all about leveraging your time: the sooner you can delegate, the sooner you can focus your energy on only high payoff tasks.

Action Step: Explore employee and virtual assistant resources. Good starting points are Elance.com or AssistU.com. Virtual assistants are ideal because they can be hired on an "as-needed" basis.

Charge a Fee: You can create a stream of passive income by adding a paid membership option to your website. If you're providing valuable information that will help readers make money or solve a problem in their lives, they'll have no problem paying a reasonable fee for access to your website.

If you have ideas for website content, but don't have the time to write it - hire a writer! A library of valuable articles and resources is the one the best ways to increase the perceived value of your site - and justify membership fees to clients. Add even more value to your website by adding niche web tools. For example, if your website is about real estate, add an online "rent vs. buy" calculator.

Establish incentives for annual membership fees paid in full and up-front. And if a client opts to pay on a monthly basis, that provides your business with consistent, monthly revenue.

Action Step: Most entrepreneurs fail to see the value in their information or think they must offer their information for free to attract new clients. Websites can be huge monetizers, if you employ two simple rules: 1) provide information your clients are looking for and 2) employ an element of scarcity.

Hire a reputable website optimizer or marketing expert from Elance.com to: 1) Research the market and find a demand point 2) Create content or information products to offer for free and for sale on your website 3) Track the results.

Create an Information Product: Creating information products is one of the easiest ways of making money for your business. You can create eBooks, CD's, DVD's, workbooks, and more.

Once your product is created, be sure to highlight it prominently on your website, like the landing page. Be clear about why someone should purchase your product by outlining the content, as well as listing the benefits the client will receive as a result of purchasing your product.

Action Step: Turn your knowledge into information. Keeping these points in mind, start writing down what you know and the strategies you employ to make it work to your advantage. If you don't want to write it, then buy an affordable voice recorder and record your thoughts. You can hire someone to transcribe that recording into a document that can be turned into a product.

If you're not sure about what to create, start asking your clients. What do they need? What are the biggest obstacles? When you know what your customers need, you can provide it - and they will buy it!

Related Articles
  The power of leveraging a system
  Leveraging Time How To Avoid Being Busy and Broke
  How to Limit Business Growth in 2011
  Get Rich in Network Marketing on the Internet by Learning to Leverage Your Time
  Mastering The Secret and Create Success!
  GUERRILLA SOFT STEPS
  Action For The Sake of What?
  Personal Growth – Take Control of Your Future
  What Is Business Networking, Anyway?
  Invest in New Customers or Existing Ones?
  What You Do Best
  Building From Your Core
  Consistency is Key
  5 Ways to Redefine Your Focus
  12 Steps to Implementing Anything in Your Business: Overview
  5.2 Growth, productivity and diversification: Economic Report on Africa 2007
  Success at the Speed of Light
  Why Indian Call Center Services?
  The Essence of Sales Effectiveness
  What Is A Sales Process, And Why Should I Care?

Article Tags: easy growth, entrepreneurs, leveraging your business, virtual assistant



Related Forum Posts
My entry - 1. The Best Business Books Ever: The 100 Most Influential Business Books You'll Never Have Time to Read - this is a fascinating book about the history of Business theory, and I'd recommend it to anybody. 2. The Big Book of Small Business: You Don't Have to Run Your Business by the Seat of Your Pants, by Tom Gegax. Ditto. 3. PADI: The Business of Diving Book Okay, so this book won't be of use to anyone who doesn't want to start a scuba store, but I did, and this book was of course invaluable to me in reaching that goal.
Re: e-Commerce and e-Payment providers - When I came back to Japan in 1999 I sometimes used to ask my students if they would buy anything on the Internet and at that time most thought it was too risky. I'd encourage them to try by using well known sites such as Amazon.co.jp and also pointed out that using a credit card on a reputable site was safer than using it at a restaurant. I can't remember the last time I had that discussion or when the "tipping point" occurred in Japan. To answer your other question, I use Paypal for several reasons: 1. Brand familiarity 2. Easy to use 3. Free to withdraw 50,000yen+ to my Japanese bank account - a huge benefit (but maybe other systems also offer that...?) 4. Easy to cancel subscriptions On the down side, their transaction fees are quite costly, they are difficult to contact and when disputes arise you can sometimes lose even when you can prove via your tracking service that the disputed item was "delivered" to the customer's address!
Re: Domain name sugestion - Hi Anelly, Support-Box.com sounds very good to me. Easy and catchy.
Delegating - Good info and interesting list. Easy to see how the authority or power is slowly passed to the person - the secret would be knowing WHEN to move to the next step. I like to avoid people who are stuck at the #1 level. Chris
Exclusive: Interview with Results - Hi Forum Members, I'm helping start up a Business Coaching and Consulting company here in Toronto, Ontario, Canada (a Subsidiary of RSC Business in Los Angeles). As a Research and Development Intern I am required to practice my listening and interview skills by surveying Small and Medium Businesses on thier Business. This Survey is designed by RSC Business to also assist the Business being interviewed more insight into their own business. I am looking to interview about 30 businesses across North America over the span of 3 months. At the end of these interviews I will be publishing a report of the results and they will be made available for free to the Interviewees. The Report data will include responses from a minimum of 100 interviews. I would like to extend this opportunity to members of the Forum. If you would like to have this short 20-30 minute interview conducted on your Business and you reside in North America please send me an email or PM. Please contact me at andy[at]jvprosperity[dot]com to arrange our interview and to get free access to the results when they are published.


Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.

Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!

Name:
Email:

Popular Articles

Getting The Media Attention You Deserve

You Have A Website What Now

Using Social Media Marketing

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.