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When I was first starting out, I dreamed of achieving a six-figure business. My first endeavor, C & M Cleaning, achieved six-figure status in less than twelve months and by the end of the second year was raking in 350K. I went on to repeat this process with subsequent businesses.
As I work on growing my blog, I again dream of achieving six-figure status. I understand many people are afraid they’ll never realize the dream of a six-figure blog or any other business for that matter, but what I know is it takes five key elements to create six-figures and beyond in ANY business.
If you’re just getting started, it may seem like a dream and completely out of reach but it’s not.
The First 5 Steps To Six Figure Blogging
When I was starting out in business, I had hundreds of ideas swirling around in my head. All these ideas kept me unfocused. The more unfocused I was, the less I seemed to achieve in my business.
Once I got clear about who my target market was all that confusion changed into clarity. The reason I was able to find my niche and get clear about my target market was because of what I learned in Elite Blog Academy. EBA helped me develop my avatar, so I knew who I was writing too and what problems I was solving.
Gaining clarity was as simple as that!
Decide who your target market is, what problem you are going to solve and in an instant, you will have changed your circumstances so that you can begin attracting readers like a magnet.
If you need help with this, get on the waitlist for Elite Blog Academy so that when the doors open you’ll be able to start the program right away. This new-found clarity will help you gain confidence.
Can you feel the confidence swelling up inside of you now that you have identified your niche?
When you get clear and focused, you gain a lot! Nothing makes you feel more confident than knowing exactly what problem you solve and who your readers are that are in need of this information.
Next time you feel your confidence slipping away, ask yourself if you are unclear about some aspect of your business. I would be willing to bet that you need a little fine tuning.
Once the tune-up is complete, check in with yourself to get a handle on where you are on the confidence scale.
Your confidence level has a direct impact on how you attract readers.
Now you’re probably saying, “No kidding Maureen, of course, I need readers.” But some blogs seem to get readers quickly while others – well, not so much. Why is that?
The blogs that have a ton of readers have a lot in common because they have these key factors in place. While any one of these factors can help propel a blog, more than one can result in impressive growth.
Here they are:
• Found an undeserved niche with a group of hungry readers
• Found readers who had money to spend and were willing to spend it
• Found a niche where competition was minimal or manageable
• Developed a repeatable system for connecting and selling to these readers that worked again and again.
• Developed a compelling, benefit laden marketing message
• Developed joint ventures and strategic alliances to dramatically increase sales and readership
• Developed a strategy to get repeat business.
• Protect their time
• Outsource simple tasks
No secret here, just some simple ways to build your reader and buyer base. Now measure your business against this list and see what changes you need to make.
4. Cash Flow
If cash is king, then cash flow is whatever is better than being a king!
Without consistent cash coming into your business, it will be impossible for you to grow into a six-figure or more company.
Don’t make the mistake that many bloggers have made – and who consequently can no longer afford to support their hobby of blogging. Good cash management is simple and involves:
• Knowing when, where, and how your cash needs will occur
• Knowing the best sources for meeting additional cash needs
• Being prepared to meet these needs when they occur, by keeping good relationships with bankers and other creditors.
Don’t be one of those blog owners who hangs back, waiting and wondering to see how it’s all going to work out. Sorry, it doesn’t work that way in business or life.
Sometimes you just need to be courageous.
The more frequently you take a leap of courage by networking, attending an event, hiring more employees or team, or hiring a coach to help you, you get to flex and strengthen that courage muscle.
Eventually, it becomes easier and easier.
Isn’t There More to Having a Six-Figure Business Than This?
These are the first five specific action steps that any business owner needs to take. Take them, and you’ll be half way there. Take Elite Blog Academy Couse, and you’ll get the rest of the way there!