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Introduction
You know the old saying: Money doesn’t grow on trees.
That’s true for your personal life. That’s true of your business. But here’s a little secret many business owners overlook:
You can G.R.O.W. money on trees for your business!
How?
By following this simple four-step formula to G.R.O.W.™ your business:
· G – GET Diversified. If you rely on one product – one stream of income – to support your business, then your entire business is going to go belly up if your one stream of income dries up. That’s why you need to create multiple streams of income – and you’ll find out how in this report!
· R – REACH Other Markets. This is another way to create multiple streams of income. And you don’t even need to create an entirely new suite of products in order to do it – you’re going to love this simple way to grow your business!
· O – OFFER Licensing. You’re already selling your products to end users. Now imagine selling your products for five or ten times the price to other marketers. Best of all, this option gives you plenty of backend money-making opportunities, too.
· W – WORK With Others. There are marketers in your field who already own profitable assets, such as big customer lists, popular blogs, bestselling products and good reputations for themselves. Now you can leverage these assets by working with these marketers – you’ll find out how in this section!
Let’s take a sneak peek at each of these strategies in more depth…
Note: Many of these revenue-generating strategies come directly from a special website that I’ll tell you about just a bit later. Watch for it.
How to G.R.O.W. Money on Trees
GET Diversified
Trying to support yourself by selling just one product is like trying to support yourself on a stool that only has one leg – you’re bound to come crashing to the floor sooner or later! And that’s why you need to get diversified by creating multiple products – and thus multiple streams of income.
Think about the many businesses that you patronize. Do any of them sell just ONE product or service? It’s highly unlikely. And if they do, they’re probably leaving a lot of money on the table. They’d be shortchanging both themselves as well as their customers.
Examples:
· Your car dealer sells cars. But he also sells financing and car maintenance and servicing.
· Your vet of course sells health care for your pets. But she probably also sells a wide variety of pet products, from flea prevention to dog collars.
· Your freelance copywriter primarily creates sales letters. But he probably also creates supporting sales materials such as classified ads and email solo ads.
Point is, no matter what kind of business you have – whether you sell products or services, whether you sell online or offline – you need to get diversified in order to increase your revenue.
There’s a good chance that you’re in the business of selling information products online. So let me show you how to diversify your business by creating five distinct categories of products and services…
1. Create Your Own Ebooks and Small Reports
In this case you don’t create just one ebook or small report. Instead, you create a variety of products, which gives you the opportunity to set up a sales funnel.