Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

#189: The 5 Business Bottlenecks Holding You Back From $100,000 Per Year

#189: The 5 Business Bottlenecks Holding You Back From $100,000 Per Year

From6 Figure Creative


#189: The 5 Business Bottlenecks Holding You Back From $100,000 Per Year

From6 Figure Creative

ratings:
Length:
67 minutes
Released:
Mar 1, 2022
Format:
Podcast episode

Description

Want to know the secret that separates failing freelancers from 6 figure freelancers? It's this one concept:
6 Figure freelancers constantly solved their business bottlenecks. If it sounds stupidly simple, it is, but it's definitely easier said than done. Let me break it down real quick...
There are 5 main parts of any real business (freelancers included). Here they are:


Part 1: Lead generation - This is the part of your business where new people find out you exist and that you offer a (hopefully) valuable service.




Part 2: Lead Nurture - This is the part of your business where you're staying top-of-mind over a long period of time until the lead is ready to hire you. According to studies, only about 3% of any market is ready to buy "now", so nurturing them until they're ready is crucial to getting hired.




Part 3: Sales - This is where conversations turn into clients (i.e. dollars in the bank).




Part 4: Fulfillment - This is where you're actually doing what you've been paid for.




Part 5: Lifetime Value - This is how much one client is worth to your over your lifetime. It can be determined by how much you charge, how often they come back for more, how many people they refer to you, etc.

The issue is that ONE of these five areas is your bottleneck right now. Until that bottleneck has been fixed, there's no point in improving anything else in your business.
The freelancers who make it to $100k/year are the ones who constantly solved their ONE bottleneck, took a step back, re-assed their business to see what the next bottleneck was, and dove all-in on that bottleneck until it's solved. Rinse and repeat.
This week's podcast episode dives into each of these 5 areas and what you can do to solve the bottlenecks in your own business.
For full show notes, visit https://6figurecreative.com/189
Released:
Mar 1, 2022
Format:
Podcast episode

Titles in the series (100)

6 Figure Creative is a podcast that helps freelance creatives earn more money by doing what they love. If you’re trying to avoid the never-ending grind of a 9–5, or just want to earn more money doing what you do best (creating), 6 Figure Creative is your new favorite show! Join host Brian Hood and his guests as they explore topics such as mental health, finances, sales, marketing, time management, the digital nomad lifestyle, and more.