There is only one situation that I am aware of that seeing double is a good thing. That one situation is seeing your income double! This article is entitled "Doubling your Network Marketing Income." In order to do this it takes vision to visualize yourself and taking calculated action to grow your income to double from where you are right now. If your income is at 20,000, 40,000, 50,000 or more it would be great to double that amount. What if your business was generating 60-70,000 per year and you could double that level of cash flow. Think for a moment... doubling your income would immediately improve your life on fiscal level. People everywhere are having financial troubles and struggles. Setting a goal of doubling your finances means doubling opportunities. If there ever was a time to double your income it is now.
During economic downturns there are many hit hard by the economic slowdown. It takes vision and It takes thinking "out of the box" to speed up during a slow down. A natural reaction is to think from a position of lack and scarcity which causes us to make decisions that goes against increasing our income. We should be focused on growth, progress, profits and multiplication but we get stuck in thinking reduction and cutbacks. This mindset is what kills the business not the economy. Stop hoping prices will decrease. Stop wasting energy wishing the economy will get better envision ways to increase income. Hard times can be combated by marketing, exposure and maximizing revenues.
Entrepreneurs with vision find opportunities to capitalize on during recession and economic problems. However those without vision try to avoid losing money rather than building income. They see increasing revenues as risky because they have become fixed on the economic conditions. There are too many entrepreneurs who focus on not losing the business rather than building the business. Tragically many entrepreneurs develop a self employed mentality rather than a business owner mentality. as an entrepreneur you are in control of our income not any factor outside of yourself.
In order to see double we must rid our self of the employee mentality and develop the business owner mindset.There are several things that should be done regardless of tough economic times:
Reinvent the business model.
Implement efficient strategies for advertising and promotion. Maintain a presence that caters to customer base needs as well as their pocket book. Increasing prices and/or increasing sales are a key in doubling income.Improving the quality of products to add value.
Utilize leverage.
Joint venture, trade services to minimize spending cash to generate more cash and profit margins. The focus should be on profitability.Joining forces with others to build a bigger list and to improve conversion rates.
Improve value and increase perceived value.
Customers invest in value even in tough economic times. Get the message out remind your market of what you offer. Monitor results of these efforts and calculate return on investment. If your product or service is not the very best improve it or discontinue it.
Take advantage of technology.
Consider internet marketing to reduce cost. This strategy can increase reach exponentially. Utilize online presentations and commercials to get the word out. Publish articles and other valuable information throughout the net.
Go with the vision not the economy.
Your competition is cutting back this creates a window of opportunity for growth. This is the time to expand find a way to get it done quickly. Business owners who "stick it out" can obtain increased market share. This will create greater opportunity and a head start once the market rebounds.
Join forces with great talent.
The other companies are laying off employees this is a great time to make them an offer. Great employees translates into great money.In addition recruit talented partners.
Don't put growth on the back burner.
Set growth goals that revolve around sales and income. There should be a conscious effort made to increase revenues. Pursue growth despite the economic downturn.
Create products and irresistible offerings.
Provide customer focused promotions that will position the company for double success as the economy rebounds. Follow up with establish customers to find out what they need to achieve their goals. Implementing these strategies are not garaunteed to double your income but they are steps that will increase revenues. The amount of income generated will depend upon your individual efforts.
During economic downturns there are many hit hard by the economic slowdown. It takes vision and It takes thinking "out of the box" to speed up during a slow down. A natural reaction is to think from a position of lack and scarcity which causes us to make decisions that goes against increasing our income. We should be focused on growth, progress, profits and multiplication but we get stuck in thinking reduction and cutbacks. This mindset is what kills the business not the economy. Stop hoping prices will decrease. Stop wasting energy wishing the economy will get better envision ways to increase income. Hard times can be combated by marketing, exposure and maximizing revenues.
Entrepreneurs with vision find opportunities to capitalize on during recession and economic problems. However those without vision try to avoid losing money rather than building income. They see increasing revenues as risky because they have become fixed on the economic conditions. There are too many entrepreneurs who focus on not losing the business rather than building the business. Tragically many entrepreneurs develop a self employed mentality rather than a business owner mentality. as an entrepreneur you are in control of our income not any factor outside of yourself.
In order to see double we must rid our self of the employee mentality and develop the business owner mindset.There are several things that should be done regardless of tough economic times:
Reinvent the business model.
Implement efficient strategies for advertising and promotion. Maintain a presence that caters to customer base needs as well as their pocket book. Increasing prices and/or increasing sales are a key in doubling income.Improving the quality of products to add value.
Utilize leverage.
Joint venture, trade services to minimize spending cash to generate more cash and profit margins. The focus should be on profitability.Joining forces with others to build a bigger list and to improve conversion rates.
Improve value and increase perceived value.
Customers invest in value even in tough economic times. Get the message out remind your market of what you offer. Monitor results of these efforts and calculate return on investment. If your product or service is not the very best improve it or discontinue it.
Take advantage of technology.
Consider internet marketing to reduce cost. This strategy can increase reach exponentially. Utilize online presentations and commercials to get the word out. Publish articles and other valuable information throughout the net.
Go with the vision not the economy.
Your competition is cutting back this creates a window of opportunity for growth. This is the time to expand find a way to get it done quickly. Business owners who "stick it out" can obtain increased market share. This will create greater opportunity and a head start once the market rebounds.
Join forces with great talent.
The other companies are laying off employees this is a great time to make them an offer. Great employees translates into great money.In addition recruit talented partners.
Don't put growth on the back burner.
Set growth goals that revolve around sales and income. There should be a conscious effort made to increase revenues. Pursue growth despite the economic downturn.
Create products and irresistible offerings.
Provide customer focused promotions that will position the company for double success as the economy rebounds. Follow up with establish customers to find out what they need to achieve their goals. Implementing these strategies are not garaunteed to double your income but they are steps that will increase revenues. The amount of income generated will depend upon your individual efforts.
Harold is a passionate and skilled multipreneur. If you you have questions about building multiple streams of income through the combination of several interelated businesses find out how here: haroldteemarketing@gmail.com.
By Harold Thompkins
By Harold Thompkins
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