How To Add Revenue Streams To Your Consulting Business

Welcome to the latest edition of the Seven Figure Consultant LinkedIn Newsletter for Women in Consulting. Don't forget that you can get daily updates from Jessica in your LinkedIn news feed by accessing her LinkedIn profile and hitting Follow. She will be sharing insights and discussions through the week that she would love to hear your views on.

Do you have all your eggs in one basket? You offer one product or service and your business is reliant on you being there 100% of the time.

A consulting business is one of the simplest to set up but at some point, pretty soon, you are going to hit capacity. Your time is constant - once it is used up you can't create more of it in your working week. But what you can do is find ways of delivering your service to your clients without you having to be present.

Once your business is fully booked, you need a more nuanced approach.

When you add new revenue streams to your business, you are adding a corresponding service, or maybe even a new service, to your business so that it either serves your existing client base more fully, or it allows you to broaden your reach. And the net result to your business is that more money flows in.

One of the reasons I love helping women consultants add more revenue streams to their existing consulting business is because it enables that dynamic we want to see more and more as the business grows - earning more by working less.

A key thing to remember is that there is no 'paint by numbers' when it comes to designing this kind of blueprint in your business.

In episode 043 of the Seven Figure Consultant Podcast I set out some of the key principles you need to know if you are curious about what this could look like in your business.

I discuss:

●     Spreading risk in uncertain times

●     Spotting the situations that could mean a change for your business

●     Knowing when there is a genuine opportunity for growth and expansion in your business

●     Engaging and listening to your audience

●     Whether you are looking for short-term or long-term revenue

●     Why you need to think about the resources involved in setting up a new offer

🎧 Head here to listen to the episode in full - 043 Adding Revenue Streams To Your Business

And let me know in the comments - is adding additional revenue streams something you are actively considering right now?

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It’s the framework that helps consultant women like you find their feet and get back to leading the business, rather than being buried in client work and back-end business operations.

Sign up here for your PDF report, and I'll show you the six elements your consultancy needs to make the shift from a nice little 6-figure lifestyle business to a serious 7-figure enterprise.

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To find out more about the work I do, visit jessicafearnley.com or message me here on LinkedIn if you'd like to hear more about private coaching and how I can help you transition from booked up and burned out to THRIVING as the CEO of your 7 figure consulting business.