In this episode of Amplify Your Success, Melanie focuses on three of her rapid cash techniques that she’s developed to increase cash flow in a expedited amount of time, especially for unexpected losses. With these strategies, you can create a plan to amplify your income in the coming year.
Key Takeaways:
[1:50] What happens when a business plan falls through, or we forget to plan for consistent cash flow?
[3:05] Melanie tackles the three main rapid cash techniques. Tip Number 1: Host a buzz-worthy sale.
[3:52] This technique is one of the fastest ways to get some cash flow coming through, and can be easily tied into a holiday or other event, for better marketing.
[5:07] Make your sale worthwhile! Offer a significant cut, but don’t offer it for too long.
[7:17] Tip Number 2: Point-of-Sale Upsales.
[8:15] This is especially helpful for online businesses. Offer a unique discount at the point of sale for a complementary product.
[10:42] This appeals to people who are already interested, and keeps their attention as they are making a purchase.
[11:55] Tip Number 3: Front-load payment discounts.
[12:40] Provides a big boost of cash up front that you can set aside and use some to invest in your growth.
[13:17] This tip relies on giving discounts for paying in full at time of purchase. Make sure that the discount is big enough that it’s worthwhile for a customer to invest their money.
[15:40] Get creative about ways to amplify your income, without doing more work!
Mentioned in This Episode: