ONLINE BUSINESS BOOTCAMP
Revenue Generation
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REVENUE GENERATION 101
➤ Understanding how your business makes money ➤ Vital for utilizing your time appropriately
➤ Set better prices ➤ Know which product/services to expand
Revenue Generation l Module Two
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REVENUE GENERATION
➤ Product
➤ Service ➤ Expertise/Talent
➤ Ad Revenue
➤ Affilate Promotions ➤ Mix & Match
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HOW DO YOU MAKE MONEY
➤ Physical Product ➤ Digital Product
➤ Scheduled Service ➤ Individuals ➤ Groups
➤ Content Development
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HOW DO YOU MAKE MONEY
➤ Stand alone ➤ Add-on
➤ Single session ➤ Package sessions ➤ Per Event
➤ Evergreen or close cart
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HOW WILL YOU ACCEPT PAYMENT
➤ Prior to service or credit card to hold “appointment” ➤ Point of service
➤ Invoice/bill ➤ Payment plans ➤ Insurance
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Revenue Generation l Module Two
YOU NEED TO SET REVENUE GOALS FROM DAY ONE OF
YOUR BUSINESS
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What gets measured, gets done!
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REVENUE GOALS
➤ How much money do you want to make? ➤ Being an entrepreneur means you have the ability to
make more money, then you do working for someone else
➤ Your profit goals are personal…and perfect!
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3 PART PROFIT GOALS
➤ Startup ➤ Growing
➤ Peak
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STARTUP
➤ Find ways to maximize your profit with the time you have
➤ When should you change course ➤ Be realistic & kind to yourself!
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GROWING
➤ Streamline your process ➤ What works?
➤ Focus more time on revenue generation
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PEAK
➤ Steady profits ➤ Business at or close to revenue goals
➤ What’s next?
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IF YOU REACH YOUR GOALS
➤ Maintenance or expansion?
➤ Go back through the process
➤ Do this for each revenue stream
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TRACK THE MONEY & TIME SPENT VS REVENUE
GENERATED
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PRODUCTIVE TIME
➤ What are you spending time on? ➤ Write down revenue vs non-revenue generating
➤ How can you free up your time? (Time spent on non-revenue generating tasks vs revenue generating tasks)
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TRACKING
➤ How much time & money spent developing? ➤ How much time & money spent delivering?
➤ How much time & money spend marketing?
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Revenue Generation l Module Two
REVENUE TRACKING
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UP NEXTSetting Your Prices
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