Are You Generating These 3 Types of Income in Your Business

One thing that comes up so often when I speak with my coaching clients is that they aren’t maximizing their income generating opportunities. Most believe that all they can make is $75,000 or maybe $150,000 but hardly anyone (who isn’t already exposed to this way of doing business) ever imagines they could make $300,000 a year or even 1 million!

These3 types of income,someof which could be so easy to produce and start selling, most people don’t ‘seethese things’ in their own businesses which is why it’s good to have a coach; someone who can see ‘what’s missing’ in your business, where the holes are andalso where the opportunities are too.

Often times I see entrepreneurs selling ONE product or ONE service and only in ONE way, like 1 to 1 coaching for exampleand then in this economy they’re struggling because that ONE thing is their bread and butter.

However when you add multiple streams of income in various ways,you can oftendouble or triple your revenues with very little extra effort.

They don’t teach us this in business school though andit certainly isn’t the ‘norm’ out on the streets to pick it up as an entrepreneur.But once you’re shown HOW this can be done and how easily too, you’re amazed and most people I talk to getreally motivated then to make bigger money and enjoy more in life rather than working so hard at what they’ve been doing.

Here are 3 types of income mostANY business in ANY industry could implement if you think a little outside the box (or get some help from a business coach so you can figure this out faster).

3 Types of Income You Could Be Missing Out On:

  • Leveraged Income is leveraging your time working with groups.This is when you work one to many such as in a group program, teleclass, bootcampor workshop.You can charge less for your time and get more people to sign up for your service or program butyou actuallyend up making MORE per hour. BONUS – if you record these programs you can then turn them into passive income.
  • Passive Income is when you create something ONCE and sell it over and over again. Examples of passive income include ebooks, audio recordings, manual downloads (PDF), recorded interviews, workshop in a box, CDs, information products, books, ecourses, recorded telecourses, monthly membership programs and continuity programs, home study programs or signature systems.
  • High Ticket Income -Examples of this typeof income include larger 3-4 day workshops (leveraged but high ticket), year long mastermind or coaching groups (leveraged again yet high ticket) and paid speaking gigs.

    • Now, these things don’tget learned orimplemented overnight I get it, they dotake a little time and effort to come up with the ideas, brainstorm on the processes, put in place the programs and support to make them happen plus the marketing to get them sold in the first place.


    But don’t get overwhelmed or discouraged, just get started now. If you want that ‘magic pill’ or ‘quick solution’ to success — good luck trying to find it.

    What I know about successful people is that they are always working on improving themselves and learning more. They invest in themselves, their businesses and take time to work on this stuff. You can do it at your own pace by yourself or you can hire a coach, plain and simple – you decide….but do something and take some kind of action will ya!?

    Furthermore, if you want help developing your multiple streams of income, I would suggest signing up for one of my JumpStart Your Marketing 1-On-1 coaching services or a 1 Hour Strategy Session! You can find out what those entail and how they will benefit you on the products page of my website at www.JumpStartYourMarketing.com!

    Copyright 2009 K. Sawa Marketing International Inc.

    WANT TO USE THIS ARTICLE IN YOUR E-ZINE OR WEB SITE? You can, as long as you include this complete blurb with it: Katrina Sawa is known as The JumpStart Your Biz Coach because she literally kicks her clients and their businesses into high gear. She works with highly motivated women entrepreneurs that want to maximize and fast-track their business to make more money and enjoy more free time. Katrina uses online and offline Relationship Marketing Systems & Strategies to leverage your resources, contacts and your expertise; plus she kicks you in the butt to implement it all too! Get her Free Tips, Free Audio & Free Report online at http://www.JumpStartYourMarketing.com!