Have you hit a revenue plateau?

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Have you hit an revenue plateau?

One of the things about an revenue plateau is that it’s hard to know what needs to change in order to get the money faucet flowing again.

You may be asking yourself: Should I be marketing more? Should I be spending more time and money on new ways to attract clients? How am I supposed to figure all of this out when I’m already slammed with the stuff I currently have on my plate? If this sounds like you, then you’re in the right place.

Here’s three questions to ask yourself to help move the needle forward in your business:

 

1) Am I undercharging?

The challenge of undercharging can be tricky because the root of it only lives in one place and that’s within your mindset. The truth is that you can charge whatever you want for your products and services, as long as you deliver much more value than the dollar amount you’re asking for. Begin to focus on all the valuable ways that your products and services change people’s lives and also on up-leveling your offers to communicate that value. This will immediately increase your confidence so you can raise your prices, starting now.

2) Do I have proper boundaries regarding my time?

One of the most important areas where you need to have strong boundaries is around your time. As a purpose-driven woman in business, TIME = MONEY. You need to be focusing your time on the most important income-generating activities like sales, marketing, building collaborations, and really taking care of your clients so they get great results. These activities will allow your business to continue to grow and be more profitable. In order to safeguard your time, think about how you can delegate or leverage technology to take care of some of the non-income generating parts of your business so you can be freed up to do the activities that lead to you earning more.

3) Is there anything in my business that is draining my emotional energy?

It may be a conversation that you’ve been avoiding with someone on your team or even with a client. It could also be a bad habit that you know you really need to change. Every time you think about it you may get emotionally drained or feel disempowered. These are all ‘energy zappers’ that knock you off your game and cost you money. It’s really important to address or let go of these ‘energy zappers’ so you can free up that emotional and mental space to focus on things that are going to move the needle forward in your business.

Your Assignment

Take some time this week to ask yourself these three questions and take action. Not addressing these areas is keeping you stuck in an income rut and there’s no reason it needs to be this way. I promise that you’ll feel more empowered and abundant in your business after you’ve taken care of these three things.