(ThyBlackMan.com) Whether you are a business owner or a marketer, in both positions you try to get fit into many roles. You probably help out with product development, sales, finance, and everything that you can manage. The reason you’re working too much is because you want to do many things but not each of them is helping you grow. If you want to double your revenue in the New Year, stop wasting time on work that is non-productive.
Here’s a 7-step guide which you can follow to double your revenue in 2018.
1. Create something
Increasing revenue means making certain changes in the way your business works. You can’t generate more income unless you’re ready to make some changes. You need a killer product or service to stand out, you need a killer website to promote it. It doesn’t necessarily mean that you have to create something news from scratch. You can just think of ways you can make your offerings different and more appealing. Successful entrepreneurs know that revenue growth comes from multiple streams.
2. Learn from customer insights
If you’re not learning, you’re not growing. Technology has given many opportunities to track your business growth, if you’re not utilizing them, don’t expect good things to happen with your business. Your existing clients can tell you more about what your strategy for the New Year should be. See who is happy with your product and who is not.
3. Check the data
Know the reason why some people are not satisfied with your products or services. Take help of digital tools to learn about how people interact with your website. Do they really stay on your lead generation pages or they just go away after looking at your homepage? Does your website load fast? Are the lead-capturing forms and call to action buttons easily reachable? If you’re not paying attention to the data, you’re losing clients.
4. Take chances
Every day, many of us read about getting out of the comfort zone. What does it actually mean? Is it about losing all the comforts and working like donkeys? It’s not, but most of the people take it in that way. People don’t want to take chances, they want to play safe. They want to protect themselves from small problems and as a result, they never keep the doors open for big opportunities. Don’t limit your work on a day-to-day basis just to keep the business safe from problems. Take calculated risks and see what works and what doesn’t. If you find something that’s not bringing you results, stop doing it, no matter how much you like it.
5. Overcome failure
If you’re not overcoming failure, it means that you’re not moving forward. You’re losing. Entrepreneurship is not always about spending a lot of time on decision making. It’s hard. You have to fight and face failure after failure. But whenever it happens, have the courage to get over it. Even if you lose a short-term game, it’s fine as long as you’re learning and winning the long-term game.
6. Aim for moon
Why 98 percent business plans go into the dustbin because the companies don’t plan to go beyond the limits. Nobody wants to do more than what they have decided. They are happy with less, and when it comes to doing something extra, nobody comes out. If you’re planning something to double your revenue in 2018, make a plan and also write down a strategy to exceed it. Keep both the plans separate, but focus more on exceeding because when you aim for more, you at least end up getting the minimum.
7. Envision and believe in yourself
See where you’re going. Having a clear idea of where you are going will help you believe that you can actually double your revenue in 2018. Ask yourself where you want your business to stand in 2018. If you can’t decide, think in a very realistic way. Just think what would you do if your revenue goes up by 2x today. Imagine the same and practice it.
The more you’ll convince your mind to believe that your revenue will grow in next year, the more effectively you can focus on your plan and realize that what you are thinking is taking a shape.
Staff Writer; Corey Shaw
Have any Tech Tips? News? Hit up our Tech Guru at; CoreyS@ThyBlackMan.com