50 | How to Uncover the Most Profitable Activities in Your Business
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How to Uncover the Most Profitable Activities in Your Business
As a business owner, profitability is your ultimate goal. And identifying the most profitable activities within your business is key to driving growth, maximising you revenue and ensuring long-term success.
In this episode, we talk about:
Why you need to focus on revenue-generating activities
How to identify which tasks you need to let go so that you can focus on the tasks that are actually going to make you money
The activities guaranteed to generate income in your business
LINKS & RESOURCES MENTIONED:
There is a very practical shift you can make that is guaranteed to make you thousands of dollars. And yes, I can actually say that this is a guaranteed strategy and I can wholeheartedly promise you that if you do actually implement this, and stay consistent with it, then you will 100% increase your revenue and make a lot more sales than youโre currently making.
Are you ready for the strategy?
You need to focus more of your time on revenue-generating activities. Iโm going to say it again. You need to focus more of your time on Revenue. Generating. Activities.
That is how youโre going to increase your sales, increase your profit and grow your business. By focusing on revenue-generating activities. It really is that simple.
But what exactly does that mean? Well, not all tasks within your business are created equal. If you were to look back at all of the tasks youโve completed for your business over the past week, Iโm sure youโll find that youโve spent a lot of time on things that donโt actually drive revenue or move the needle forward within your business.
In fact, letโs do an activity right now.
ACTION STEP: Uncovering your most (& least) profitable business activities
Over the next week, I want you toโฆ
1. Write a list of every business related activity you do throughout the week
Include absolutely everything! Even down to the 5 minutes you spend checking and responding to emails each morning.
2. At the side of each task, ask yourself how that specific task is contributing to your business growth.
Is that task making you money? If that task is directly making you money then that should be a number one priority.
For example, a task that directly makes me money is creating valuable content that educates my audience on what they need to know, understand and believe about my offers before they purchase. This is a number one priority within my business because I know that itโs going to convert to sales.
As the business owner, founder, CEOโฆ whatever you call yourselfโฆ the majority of your time should be spent on activities that are going to make you money. Any task that doesnโt directly make you money should be lower on the priority list.
An example of the activities that are going to bring you revenue are things likeโฆ
Creating high-value content thatโs going to serve your audience
Building your email list
Collaborating with other business owners to reach a wider audience
Creating an affiliate or referral programme
Nurturing and connecting with your current audience
Optimising your offer suite
Creating an order bump or tripwire product
Sharing behind-the-scenes content about your offers and processes
And, of course, actually SELLING
There are sooo many things that are going to generate revenue for your business.
Now that youโre aware of what a needle moving activity is and whatโs going to generate profit for your business, make sure to go back and do the earlier activity.
Remember, you will never get the results you want without taking action. Without completing tasks like this. Without actively committing to working on your business growth.
And this isnโt about adding more to your plate. This is about identifying where youโre wasting time with activities that arenโt moving the needle forward and arenโt generating profit, and replacing them with actual revenue-generating activities.
As entrepreneurs, we get so caught up in the busy work. We want to feel productive and so we find more and more things to add to our to-do lists. But a lot of the time, the activities we fill our to-do list with are just busy work. Theyโre things that distract us from focusing on the revenue-generating activities and actually moving the needle forward.
If you can commit to focusing more of your time on revenue-generating activities over the next quarter, I guarantee that you are going to increase your profit. You are going to make more sales. You are going to sign more clients.
ACTION STEP: Carve out time each morning for your business boosting activity
If youโre a regular listener of the podcast, you might have heard of something I do in my own business called a Business Boosting Activity. If youโve never heard me talk about this before, this is basically a section of my day where I commit to doing at least one activity thatโs going to move my business forward.
I carve out at least 60 minutes every single morning, before I do any client work, before I start working on my to-do list for the day. And during this time, my sole focus is on revenue-generating activities.
This is a daily non-negotiable within my business and it has helped me grow my business so much over the past few years because I am prioritising my business growth every day. Iโm not getting distracted by other tasks or running out of time for the most important tasks because I havenโt prioritised them. I am committed to getting 1% closer to my goals each and every day because itโs the first thing I do when I get up in the morning.
This is something I encourage all of my clients to do - itโs also something I want to highly encourage you to do! I promise, when you commit to this, you will see so much growth.
The revenue-generating activities you should be focusing on.
If you donโt feel like you know what activities actually drive revenue for your business, then, then my Revenue Generating Activities Dashboard is going to be your saving grace.
This is a dashboard that contains 50+ revenue-generating activities guaranteed to increase your profit and move the needle forward in your business everyโฆ singleโฆ day.
The power of these Revenue Generating Activities is that you'll finish every day feeling super productive and accomplished because you've focused on the tasks that actually generate income and move your business forward.
And I promise you, these Revenue Generating Activities are not fluffy prompts that youโll look at once and never implement because they donโt tell you how. If youโre a student of mine, you know I put my all into every product I put out there.
When you sign up for Revenue Generating Activities, you willโฆ
โ Recieve 50+ actionable prompts with in-depth instructions on how to implement.
โ Learn how to structure your quarters, months, weeks and days for maximum profit.
โ Build a solid reputation that allows you to attract (and close) your dream clients.
โ Sell in an authentic way that allows you to make consistent sales that you donโt have to chase after.
โ Have so much more time for the things you love
Click here to get your hands on the Revenue Generating Activities Dashboard.
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WORK WITH TISH
If youโre an ambitious entrepreneur looking to create more time, freedom & profit in your online business and finally start building your business in a way that feels good to YOU, click here to learn more about how Leticia can support you with Private Voxer Mentorship.
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Hey! Iโm Tish!
I'm a marketing mentor for ambitious entrepreneurs who want to create more time, freedom & profit in their online business, in a way that feels good to them!
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