What I'm about to tell you will shock you! If you are a consultant, a coach, or a professional service provider who charges by the hour, you will never be successful. That’s right! Even if you charge $250 or higher per hour, your income will always be limited. You will earn good money, but you won’t make a fortune. If charging by the hour is your business model, you have built a job—not a business. The right way to structure your business is to have systems and processes that will enable you to earn money even while you sleep.
Today, I will walk you through an illustration of how much money you can earn if you charge by the hour and what you should do instead. Then I will share how you can change the way you run your business and give you the exact blueprint I have been using to build multiple 7-figure businesses.
So join me in this episode of Smart Businesses Do This and learn how to package your product and build your business the SMART way!
“If you charge by the hour, you will never be successful.”
- Adam Lyons
In This Episode:
- Do you know the three steps to make money, and are you doing them diligently?
- What is the 80/20 rule, and how do you use it for your business? Why should you price your products in two tiers (over $500 and under $500)?
- The three key elements of a product that people will want to buy. Remember OMG (Outcome, Mechanism, Guaranteed Results). Pay attention as I go through each element.
- This is how The SMART Blueprint (Staff, Marketing, Audience, Revenue, Testimonials) can help you reach your business goals
- Here are some profitable business ideas that do not need much capital to start
- How to find a good business partner and why you need someone who is not like you
- Two ways to finance your business (it is not advisable to borrow money when you’re just starting)
- Tracking your finances (why it’s essential to have good bookkeeping practice)
- How to leverage social media for small businesses and why it's important to focus on a niche
And much more…
If you're interested but haven't joined The SMART Blueprint or have questions, TEXT +1-818-441-8002 and let us know.
Connect with Adam Lyons:
- Website
- YouTube