9 Ways You Can Make More Money in Your Business

Start making more money in your business, but you feel like you're already doing everything. You're not sure what else you could do that could bring profit into your business. Well, in today's video, I'm going to share with you 9 Ways to make more money in your business that you might not have thought about before. Hi, my name is Trena and on this channel I help creative entrepreneurs just like you figure out how to use YouTube and your business strategy. Strategy. Now let's just talk about how to make more money. We have bills to pay and sometimes we get inside our own heads about we need to create this significant thing to sell to make money. But I'm going to tell you that's a giant mistake I made at the beginning of my business. So here are nine ways you can start making more money in your business. The first thing is a mini course. Now this is something I wish I would have done at the very beginning of my business because I decided to jump all in on this giant course. And I thought this was the answer to all my prayers, right? But what I wanted to do or what I should have done was created a smaller price point course, say 50 or $100 to get my audience to have an instant win. Maybe it was a course on how to create a YouTube banner or how to create a YouTube thumbnail. Anything that would have got that instant win for a smaller price point. Because the hardest dollar you're going to get from somebody is that very first dollar. Make that first purchase something small or something like a mini course. That's kind of a no brainer to buy. The second way to start making more money as your business is start offering coaching packages. Now this is another thing I wish I would have done. I decided to go all in, I said, with this giant course. But coaching would have allowed me to understand the thought process of my clients. I would have been able to understand the workflow and what goes on in their mind to better create programs and courses for them by working with them one on one. It also isn't as much time because once you start systemizing it, it's a lot of just answering their questions and getting on the phone with them. And so that's one great way to start injecting more money into your business. The third way is consulting. I like to do one hour strategy calls. These are very quick one hour jump in, give them the suggestions that I have based on what they're struggling with, what their YouTube channel currently looks like, and from there I could potentially sell them into a coaching position. But sometimes we don't think about just having this one hour consulting call that could be really valuable for that other person that doesn't necessarily know what they're doing, but isn't ready to jump all in with you. And then once you tell them all the things that you could do to help them, they may be actually more willing to wanna work with you more. If you were helpful in that one hour strategy call. And it's not a lot of time, right? Like I said, it's maybe an hour and a half extra of your time. 30 minutes of really understanding that person's channel or what problem they're having and then having that call with them. The fourth way is having a group coaching program. Now this is what I've done with that big course that I talked about that wasn't making me the massive money. I turned it into a group coaching program. So this allows more people to actually buy because I can make it at a cheaper price point than the individual coaching program. I'm able to work with people, they're able to gain synergy off of one another, ask each other questions, and it just becomes a really valuable asset to those in the that program. And it allows me to work with more people, not to just make more money, but to really help them grow and understand their YouTube channel, which is what I love doing. This group program doesn't have to be massive. You can start with 5 people in your group program or 25 in your group program. This is just a great way to start thinking about how you can change your mindset of making money and find different ways to increase your revenue in your business. Another way to make more money is through affiliate sales. So, so one place that I'm affiliate of is these powersheets. So you hear me talk about these every single week here on my YouTube channel. But I actually have an affiliate link with them. So if you buy through my link, I get some money on that. I also have different programs like Tailwind and Amazon Links. I'm also an affiliate of what are some things that you're using all the time and see if they have an affiliate link. If you're already talking about them, you should sign up so, so that you could make some money when you do talk about them. Now it's not going to be massive income, but it's a little bit more extra income, right? Another way to make more money is to just take on clients. Now it doesn't have to be coaching, but for me, one of my ways was to actually map out my client Strategy. So telling them what videos to do, editing their videos. What are some services that you could take off of your ideal client's plate and do for them? And client services, sometimes again, we think of this big picture. But what would people want to get off their plate? Is it scheduling their Instagram? Is it coming up with blog post ideas? What are some ways that you could work with a client to really start bringing in that money that you want? All right, you know, I had to bring up YouTube somehow. And that's another way you can make more money here on YouTube. If you have 1,000 subscribers and over 4,000 hours of watch time, you can start making AdSense money. Now. This isn't going to wow your socks off. I'm currently making anywhere between 50 to $150 a month here on my small channel. But it is a little bit extra income that you're already doing. You're creating videos for your business and then you could make some side money on top of that. This next way of making more money in your business is something I just started dipping my toe into this year. And it's speaking you can actually charge a spend speaking fee to go to a conference and speak to. And even if you don't charge a fee and you're just getting started, sometimes they're willing to pay for your travel, to pay for your hotel, or even give you a free ticket to that conference. And some conferences can cost up to 800 to $1,500 just to attend. And for you to be a speaker, you get free access. So maybe speaking could become a new source of income. If you're like me and just really love teaching people and getting to know more people. Right. This next way to make more money in your business is one way I wish I would have started earlier and I would say it's probably my biggest business mistake and it's making products to sell. So I recently just started selling my YouTube workflow. So it has every step that I have in my YouTube workflow all on one giant checklist that goes through this clearly defined process. I wish I would have started selling a sucker years ago because so many people asked me for it and I was like, well, that's not something people want to pay for, but they will. I also have my brand new YouTube planner. So it's to help you plan out video ideas and plan out your strategy. If you're more of a paper person. And this is something I never thought of charging for before, but people want it. And so what are just some products, maybe templates or a workbook that you could sell at, say $15 to $50. That could definitely help start bringing in more income into your business. I want to know how you're going to start bringing more money into your business now. And if you want to continue to learn more about how YouTube and your business strategy, click that playlist that is on your screen right now. And don't forget to subscribe for more tips, tricks and strategies on how to use YouTube in your business. Thanks for watching. Bye.