Strategies to 3X Your Profitability

Strategies to 3X Your Profitability

loyb podcast Aug 30, 2021

Scaling your business doesn’t have to take up more of your resources. In Episode 35 of the Lean Out Your Business Podcast, I share multiple ways you can 3x your profitability without spending more money or more time.

If you have an online course, you most likely are driving leads through an online workshop and more often than not, attendees at those workshops found you through paid Facebook ads. You could increase your revenue by spending more money on ads or by having more frequent workshops but both of those options will cost you resources (either in time or money).

The good news is that you have more than those two options when it comes to scaling your online business and the other options don’t have to eat up your resources.

Whether you are going to pay for Facebook ads or choose to scale in one of the ways we discuss in Episode 35, you are going to need to know your numbers.

  • How many people currently show up for your workshops?
  • Of the people who sign up how many show up during the live workshop?
  • Of the people who participate in the workshop how many convert to paying customers?

Once you know these numbers, we can look at ways to improve them and increase your profitability.

In today’s episode, you'll learn:

  • What it looks like to drive leads through an existing workshop and paid ads
  • Traditional ways to pay for scaling
  • Two ways you can scale your profitability without using more resources
  • How to incentivize workshop participants to show up live
  • How to address objections
  • How to transition potential clients from consideration to conversion
  • A bonus tip on how to decide what to scale

This type of coaching is one small example of the way I work with my clients in the Simply to Scale Business Accelerator course. If you are interested in scaling your business don’t miss your chance to apply by visiting us at leanoutmethod.com/scale or scheduling a call at scalingstrategycall.com

 

Tune into Episode 35 of the Lean Out Your Business Podcast 


 

"See what's working in your business & focus on optimizing it." -Crista Grasso Click To Tweet

 

by Crista Grasso

Crista Grasso is the go-to strategic planning expert for leading global businesses and online entrepreneurs when they want to scale.  Known as the "Business Optimizer", Crista has the ability to quickly cut through noise and focus on optimizing the core things that will make the biggest impact to scale a business simply and sustainably. She specializes in helping businesses gain clarity on the most important things that will drive maximum value for their clients and maximum profits for their business.  She is the creator of the Lean Out Method, 90 Day Lean Out Planner, and host of the Lean Out Your Business Podcast. 

WORK WITH CRISTA

Never Miss an Update

Like this post?  Well, there's more where that came from.  Sign up to get lean tips, free resources, and doses of inspiration delivered to your inbox to help you accelerate results and lean out and level up your growing business!

Your information is always safe with us - we promise we'll never share it. 

Do you find yourself wishing there were more hours in the day or more profit in your coaching, consulting or online business?

Download the free Uncover Hidden Time & Profit In Your Business Guide to uncover the top 10 areas you may be leaving massive amounts of time and money on the table and slowing down scaling.