84. How Entrepreneurs Can Increase their Income When they've Hit a Plateau Make that Money Hunni

In this episode, I give you 10 steps to follow if you're an entrepreneur or small business owner and have reached a plateau in your income.
It happens to all of us at some stage in our journey, so using these 10 steps can not only help you make smarter financial decisions, but also help you create new ideas for your business and ways to reach your customers.
1) Diversification of Income Streams
2) Enter into new markets or demographics
3) Have a pricing model that meets different budgets
4) Improve marketing strategies
5) Ask for client testimonials
6) Increase existing customer retention
7) Know your competition
8) Invest in technology & automation
9) Invest in personal growth and development
10) Be frugal with your spending in your early days of business
The content of this episode has personally helped me grow my business in 2024, and by choosing which (if not all) of these strategies is applicable to your business, you will likely be able to create a more sustainable income and grow your business.
If you liked this episode, please hit download so you can come back to it at a later date, share with a friend or tag me on social media:
@makethatmoney.hunni on Instagram or visit my website www.sandrajoe.com for more information on how we can work together.
See you soon!
Sandra