Handle Your Business

Fresh Views of Your Business

  • Home
  • BlogMap
  • Contact Us
  • Business Guide
  • Business News
  • Business Leader

How To Add A New Income Stream To Your Business

  • Savannah Selle
  • August 26, 2011
0

This may be one of the most valuable posts I have ever written for you!

It’s a very simple idea, which can save you a lot of time AND generate a substantial, new income stream for you and your business.

It started (by accident) a few weeks ago, when I added a page to this blog to promote a new service I offer.  The service allows people to hire me for as little as 90 minutes, for help with a specific problem they have.

An unintended, yet massively valuable benefit!

I decided to start using a link to that new service, whenever someone contacted me on social media or via email, with a question that required a detailed, time consuming answer.

The results have been spectacular, which is why I want to share them with you today; in case you want to incorporate the idea into YOUR business.

Here’s how it works

When someone tweets or emails me for advice, they tend to start by saying something like “can I just pick your brains about…”.  In my experience, 95% of those people are time wasters: Freebie seekers, who will suck up your time, knowing they have zero intention of paying you (or anyone) for professional help.

However, in the other 5% of cases, these detailed questions come from professional people, who place a commercial value on your time.  This valuable 5% are prospective clients and they have responded amazingly, to this new service.

How well?

Simple: I have never attracted as many new clients, in as short a period of time, as I have since I started offering that service to those asking me for detailed, specific advice!

Your time is money.  If, like me, you spend time every single day providing free advice, you have to draw a line, where free ends and paid for starts.  The line for me is very simple:

  • Free advice is based on one to MANY:  For example, I write a blog post, which gives free advice to thousands of people.
  • Paid for advice is based on one to ONE:  For example, I take time away from my business and family, to work on just helping you and your business.  I work, you benefit from my expertise.

As a direct result of using that new service to filter those asking me for detailed advice, I have saved a huge amount of time and built a new income stream, from the genuinely interested 5%.

If you find people wasting your time, asking if they can just pick YOUR brain for detailed, free advice, I strongly recommend you consider developing a dedicated pick my brain service, as I have done.

The benefits were immediate and measurable.  They could be just the same for you!

Similar Posts:

  • A New Light on Roth IRA
  • Cutbacks on free refreshments making work worse, say staff
  • Fall Cleaning: Tackle Some of Those Big Ideas
  • Get Rich Click! The Ultimate Guide to Making Money on the Internet Book Review
  • Microsoft Office Cloud Bound

Share

No Comments Yet

Your Responses

Click here to cancel reply.

Popular Posts

  • Smith MBA Consulting Club to Host 12th Annual MBA Consulting Forum, Nov. 5
  • Small Business Events Guide to Jumpstart Your Biz
  • RSMeans’ dollars-per-square-foot construction costs: four health-care/residential types of structure
  • Starting your Startup (Joe Stump at FOWA Vegas 2011)
  • Taxman clamps down on tradespeople
  • California’s corporate tax collection lags
  • Geier Financial expanding into mutual fund business

Similar Posts

  • A New Light on Roth IRA
  • Cutbacks on free refreshments making work worse, say staff
  • Fall Cleaning: Tackle Some of Those Big Ideas
  • Get Rich Click! The Ultimate Guide to Making Money on the Internet Book Review
  • Microsoft Office Cloud Bound
  • The New Innovations of Conference Calling Services
  • Make Your Home Based Business Dream A Reality
  • Social Security and divorce

Archives

  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011

Tag cloud

Deskmag Rent No Personal World No Personal Guarantee Friendly Budget Scams Iphone Hits Firm Gun Show Nfc Role Small Page You…and Stabiliser Page Personal Guarantee Construction Costs Future Paying Rent Financial Expanding Duty Stabiliser Architectural Firm Business Nfc Topic Ideas Fuel Duty Duns Number Cell Fuel Duty Stabiliser Feedback Loops Budget Gaga Credit Financial Linkedin Show Topic Repeal Number Stem Cell Small Business Types Loops Iphone Lady Gaga

Recent Comments

  • Keep up to date with what's happeni...
  • Enterprise Resource Planning Softwa...
  • Nowadays the Internet and not only ...
  • In some cases the Internet can help...
  • The most successful relationships k...
© All Rights Reserved. Handle Your Business