(And It Definitely Won’t Cost You A Fortune To Do So!)
Take a look at the professional nail stylist in the picture. Let’s say she or you! Has a shop. And she’s the owner. And she has four other nail stylist working in her shop with her.
And all of them have a steady local customer base. Which means entrepreneur. Your service business. Can and definitely should not be totally dependent, on one form or source of income. Don’t you agree?
Here’s Why Creating Multiple Streams Of Income Could Help!
Sadly, here’s the all too typical situation. For your average nail or hair care service provider. A customer sits in their chair. They get X, Y and Z service done. they leave. They tell a few friends, neighbors, co-workers, relatives, siblings, employees and or in-laws etc.
A percentage of them. At least try the provider at least once, right? maybe X% of them convert into reliable, long term repeat customers, right?
But if no one sits in their/your chair. Or your chair. How do you consistently generate a steady income? If your primary income is based on doing nails or hair!
Like for instance. When your shop is closed, the traditional two out of seven days per week. Or on any given national holiday. You basically don’t earn an income, correct?
Why Not Monetize The Different Components To Your Business And Or Service?
And most of what you see, hear or read on or offline. As it pertains increasing the income in your nail or hair salon business. Is 97 plus percent. On getting your current and future customers to spend X% more, correct?
Which definitely makes sense. Using upsell/add on sales to generate more front end income. Definitely makes sense!
But having a reliable back end marketing/promotional process in place. Where you and or your local competitors.
Routinely get paid. As commissioned only, affiliates for various local, non directly competing vendors.
Like say, a local women’s cosmetic distributor. Of some really popular women’s fragrances. Local upscale women’s hair and nail salon boutiques clientele.
Are made to order for them! Coming up in part two. Let’s do a deep dive. So you can better appreciate. How and why! Your service business should be creating multiple streams of income producing opportunities!
If Your Service Business Only Focuses On The Initial Front End! (You’re Definitely Leaving A Ton Of The Money On The Table!)
P.S. Now as is customary during this part of our show. Please share your extremely valuable comments (in the comments section below) that you can apply to your business, product or service in the next 30 days or less!
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And they’re pro-actively looking for potential guest speakers. Please don’t hesitate to-either- pass their name and contact information directly to me or vice versa! Thanks!
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(Click the link just below, and watch the first video at the top of the page, if you’d like to see the entire 33 minute replay, of a guest podcast on marketing your small business or service. I Recently appeared on.)
(And speaking of you consistently generating some type of reliable passive income. This may just be what you need right now. Click the link to “discover” the real secret of the ultimate insiders.)
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And help you master your effective communication in marketing skills.(No matter what your particular niche market is.) It’s a $97 dollar value and it’s FREE! Please note some links on this page are affiliate (income producing) links.
