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In my last post I shared 3 things I quit doing to grow my business this year, but if you skimmed that post you might have thought – ok, so she quit a bunch of things, but how did that ACTUALLY grow her business?! Just “quitting” some things didn't just magically increase my revenue – but it was quitting these things that gave me the time and motivation to focus on other things in my business that directly led to more $$$ in the bank, so here are a few things I changed up this year that have allowed me to double my recurring revenue in just a few months!
3 Things I Did to Grow My Business This Year
1) I started to focus on one thing
This one is really two different things (not to be confusing or anything)…
First of all, I started theming my weeks to focus on one aspect of my business at a time. Instead of working on #AllTheThings (content creation, editing, marketing, admin, accounting, planning etc.) every single week, I broke my months down so that I essentially focus on 1-2 things for an entire week. For example, the first week in the month is typically content creation week so I shoot / edit / upload all of the images for the Styled Stock Society and my clients in that week. Then I have a week where I focus on marketing and sales funnels – so this is when I will write and schedule emails, blog posts, social media content, etc. A third week each month is what I call my “flex” week where I work on business planning, website updates, and generally take time to do things like go to the dentist or schedule coffee dates with friends I haven't seen in a while. Last but not least, I have a “free” week where I'm essentially giving myself permission to be free to do whatever I want (usually not related to my business). In the past couple of months I've been using this week to travel with Mochi (we went to Puerto Rico then Aruba) and it will be nice to have this time “blocked off” for relaxing and enjoying the holidays over the next couple months.
If you had told me a year ago (when I was constantly burnt out / exhausted) that I would be working less and making more money this year – I would have said sign me up for that ASAP!
The second part of this focus on one thing bit is that I've actually only focused on selling one thing – my Styled Stock Society membership. Whereas last year I was consulting, creating online courses, working with clients, running a stock subscription, creating affiliate income opportunities, and playing social media director for my Instagram-famous dog… this year I've seriously streamlined my income streams and put the majority of my effort on just one thing: the Styled Stock Society. I've always been of the “don't put all your eggs in one basket” mindset (and in reality I still have multiple income streams), but when I started focusing on marketing just ONE thing, my membership grew by over 100% in just a couple of months!
Quick tip: If you're thinking about streamlining your business, I highly recommend focusing on one BIG thing at a time. Even if you have multiple products / services, you can pick one each quarter to focus on and you will probably see better results than if you are trying to market and sell everything at the same time!If you had told me a year ago (when I was constantly burnt out / exhausted) that I would be working less and making more money this year – I would have said sign me up for that ASAP!Click To Tweet
2) I added a tripwire
I literally had “add a tripwire to my main sales funnel” on my to-do list for over 6 months before I finally used Bluchic's Landing Page Templates* to set one up.
Here's the thing. I consistently have people signing up to download my free stock photos who are then added to an automated email sequence introducing them to the Styled Stock Society membership.
I wanted to add in a step – to offer the people who downloaded my free stock photos a limited-time offer to download a discounted bundle of stock photos in order to monetize my existing traffic as well as well give potential members an affordable “sample” of my images.. plus people who buy from you are more likely to buy from you again!
Bluchic’s Landing Page Templates made it so simple to set up my tripwire in less than an hour (you can read more about my experience here) and since setting up my tripwire, I’ve been able to convert more of my website visitors into paying customers! Whereas before, people were only downloading my free photos, I now have an average of 5 sales of my $13 tripwire every day – which adds almost $2,000/month to my revenue all on autopilot!
Quick tip: If you're not ready or interested in investing in landing page software like LeadPages / Clickfunnels / etc. I definitely recommend Bluchic's landing page templates for anyone using WordPress!
3) I created an evergreen email sequence
Aside from focusing on marketing / selling one thing and adding a tripwire into my sales funnel, the other thing that has made a significant difference in growing my business this year is creating an evergreen email sequence. I used to just have an automated mini series of 3 emails that went out to new subscribers to introduce them to the Styled Stock Society. I was also sending one-off emails to my list with tips for using stock photos or when I added new collections / ran special promotions, but I realized that a lot of my newer subscribers were missing out on older emails that might have tipped them in the direction of becoming a SSS member.
So instead of only sending regular weekly / bi-weekly emails to my list, I started adding relevant emails to my automated email sequence to create a more intentional evergreen sales funnel. Sometimes people need 5 or 7 or 11 touch points before they know/ like / trust me enough to buy from me, so automating those touch points has not only made my sales process easier but has also led to more consistent membership signups!
Quick tip: If you're looking to up-level your email marketing game, ConvertKit* makes it really simple to set up automated email sequences. Head over to this post to learn more about ConvertKit automation rules that have saved me a ton of time!
What have you changed up in your business to grow this year?