3 strategies I used to grow my first business to 6 figures in 4 months

  • Luisa Zhou is the creator of the Employee to Entrepreneur system, which teaches individuals how to depart their day job and begin their very own six-figure-plus business working for themselves. She’s been featured in Forbes, Inc., Entrepreneur, Success journal, and extra. Get her free blueprint for constructing a worthwhile on-line business that frees you from the 9-5.
  • When she began her first business, she wasn’t brimming with confidence or in a position to perform on little sleep like different stereotypical entrepreneurs.
  • In truth she leveraged her “weaknesses” to grow her business to six figures.
  • She did not instantly stop her job to launch her firm, regardless of frequent recommendation telling her she ought to. And she did lots lower than anticipated.
  • She additionally did not lean closely on self-promotion to get by. Instead, she constructed genuine relationships and unfold her experience on-line, which lead to her first consumer, then her second, third, and fourth. She now has helped over 1,000 college students go from worker to entrepreneur by constructing their very own on-line companies.
  • Click right here for extra BI Prime tales.

When I began my first on-line business, I did not match the mould of a stereotypical entrepreneur.

I wasn’t brimming with confidence in my skills and concepts. I could not perform on 4 hours of sleep. (I want at the very least eight.) I wasn’t snug selling myself and getting purchase in for my concepts. And I positively wasn’t an enormous risk-taker.

So how was I in a position to take my abilities on the time, primarily from my job in digital promoting (which I had been in for 3 years), and grow a web-based promoting teaching business to six figures in gross sales inside 4 months by the point I was 26?

Because I used these three strategies that turned my “weaknesses” into strengths.

There’s a variety of recommendation about going “all in” in your business for those who’re severe about it. (A standard instance of that is to depart your job so you possibly can work in your business full time.)

Being very danger averse, I selected not to do this. (Even although I was often tempted to!)

Turns out, not going all in on my business and constructing it on the aspect whereas working a full-time job really helped me make sooner progress for a couple of causes.

First, it freed me from worrying in regards to the roof over my head. In different phrases, I did not have to fear about making a certain quantity in my business every month in order to give you the option to pay my payments. And as a result of I did not have to fear about that, I wasn’t compelled to do something that sacrificed long-term development for short-term revenue. (For instance, I did not have to tackle shoppers who weren’t a great match for me or my business.)

Second, it gave me the flexibility to take a few of my wage and make investments it in my business with out having to dig into my financial savings. Those investments included hiring a website designer to make my web site extra skilled and coaches to educate me gross sales and copywriting. I was additionally in a position to make investments in promoting to scale my business sooner.

Finally, it compelled me to be extra environment friendly and resourceful with my restricted time and vitality. Instead of seeing my restricted time outdoors of labor as an obstacle, I embraced it and turned it into a bonus by asking myself, “How can I make the most of my time?” And then doing it. 

Which leads me to my subsequent tip …

At the start of my business, I recognized the important thing milestones I would have to hit. They had been, in order:

  1. Get my first paying consumer
  2. Get three to 5 paying shoppers
  3. Create a course of to systematize my gross sales course of
  4. Test and optimize the method
  5. Scale the method to enhance gross sales

During every section of my business, I centered solely on the actions that will assist me hit the subsequent milestone in the quickest, best method attainable.

For instance, to get my first paying consumer, I did not waste time or vitality organising a elaborate web site (in truth, I did not actually have a web site when I made my first sale), refined advertising and marketing, or gross sales automation.

Instead, I centered on discovering and connecting with potential shoppers on-line. That meant that for about two months, all I did for my business was go into Facebook teams (the place my potential shoppers had been spending their time on-line), share fascinating and helpful details about promoting, and reply advertising-related questions.

This not solely ensured that I spent lower than 30 minutes a day on my business, but additionally that these 30 minutes every day had been put to one of the best use attainable. 

And that is how I made my first $10,000 in gross sales. 

Here’s a chunk of recommendation I noticed lots when I was beginning out (and nonetheless see to at the present time): “Promote yourself” by sharing what you’ve got to promote as usually as attainable, particularly on social media.

The argument is that the extra you promote your self and get your identify on the market, the extra individuals will learn about you and the sooner you will succeed.

This is in half true. After all, if somebody would not learn about you, they positively cannot purchase from you.

What I disagree with is the recommendation to lead with attempting to promote one thing. To promote your self and your presents first.

It felt uncomfortable and unnatural to me. And what’s extra, it did not work. (Think about it: If you see a submit from somebody you have by no means heard of earlier than saying, “Hey, here’s why I’m awesome, here’s why my offer is awesome, and you can buy it here …” how doubtless are you to really purchase?)

So as a substitute, I stopped worrying about making gross sales and centered on merely sharing what I knew. (Which helped me make extra gross sales.) And as an introvert, that was a lot simpler for me anyhow. I was good at listening to individuals, speaking to them one on one, and sharing recommendation. 

So that is what I did. I looked for the questions individuals had been asking about promoting (utilizing the Facebook group search bar) and answered them. Then, I created my personal posts that answered the questions in much more element.

And as a result of I was creating content material that folks really cared about (in spite of everything, it was impressed by their questions!), I began getting messages and feedback responding to my posts. Whenever somebody reached out, I did not attempt to promote them something. Instead, I helped them.

And that is how I acquired my first paying consumer! (And then my subsequent 4 shoppers, too.) I noticed a girl asking questions on her advertisements on Facebook. I reached out to her and mentioned, “Hey, this is what I do in my job. I’d be happy to help you. For free. All I ask in return is a few minutes of your time so I can ask you some market research questions to see if this is something I could eventually build a business around.” Then, we hopped on a name the place I answered her questions and he or she answered mine.

After the decision, she emailed me a couple of extra questions which I was completely happy to reply. Again, I wasn’t attempting to promote something. At that time, I was simply grateful somebody cared sufficient about getting my recommendation! Two weeks later, I opened my inbox and noticed a message from her: “You’ve given me so much incredible value for free. I know I can get so much more if I work with you. How can I hire you?”

It’s not difficult to construct a web-based business. That doesn’t suggest it is simple. What it does imply is that even for those who’re an introvert, you do not have a variety of time, otherwise you’re not good at selling your self, that is OK. 

I’m not simply talking from my personal expertise. In my present business, having helped over 1,000 college students go from worker to entrepreneur by constructing their very own on-line companies, I’ve seen repeatedly that when you’ve got the dedication and willingness to make it occur, you possibly can flip all of these stereotypical disadvantages into strengths that make constructing your personal business much more worthwhile and pleasing.

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