Did Your Income Ghost You? - 7 Ways to Fix That Now

"The most important word in the world of money is cash flow. The second most important word is leverage."

— Robert Kiyosaki

Whether you recently experienced a slower flow in your business revenue, or you’ve been at a slow drip way too long, you’re not alone. Yes, that’s little consolation, and less than helpful to be in a club no one wants to join.

Instead, pick up your chin and your pride. See which suggestions jump off the screen as actionable steps out of that frustrating, miserable, scary, even debilitating hole you’re in. In no particular order:

  1. Offer sponsorships for individual programs you’re offering or publications you’re creating. Sponsorships can be big or small and become advertisement for your sponsors when you list their name and/or company name in the product or as a separate listing.

  2. Consider Private Donor Sponsorship. This is done by providing the opportunity to people whose reward is a tax deduction, which you can arrange by partnering with a relevant nonprofit organization.

  3. Do a joint venture with a colleague, complementary company, or an organization. This brings you new buyers from the joint venture’s followers and can be structured as a revenue share between you.

  4. Structure payments for an event or extended program with pricing advantages for the buyer. Early bird, upfront payment in full, or a payment schedule can attract more people to your product or service.

  1. Explore whether your bank is currently offering any promotional programs. This can be a lower interest loan or even a zero interest rate balance transfer or loan for 12 months or longer.

  1. Create a crowd funding program to launch a product, program, or course. Many business owners have generated well beyond their initial goal, allowing them even more capital than they forecasted.

  1. Form a consortium of several related yet independent businesses. This can often be an easy way to cross market each of the businesses so all of them continuously have healthy cash flow.

As you might imagine, this list of seven suggestions is anything but exhaustive. It is intended to get you thinking, to broaden your horizons, to do things differently for your own business while also bringing new ideas to your colleagues, to springboard your energy back to the many ways you can help people, including yourself!

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