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The Kelly Roach Show

KRS 803: Leveraging New Income Streams to Quadruple Your Sales

The Kelly Roach Show

Kelly Roach

Business, Entrepreneurship

4.9965 Ratings

🗓️ 9 May 2022

⏱️ 11 minutes

🧾️ Download transcript

Summary

Many business owners tend to focus on customer acquisition, which is the hardest and most expensive to generate dollars in your business. It's also a one-dimensional cash injection strategy, and that is a recipe for failure.

 

This week on the podcast, Kelly is sharing her top strategies for quadrupling your sales and diversifying your revenue streams.

While it's important at every stage to focus on customer acquisition, it's also important to recognize that dollars should be coming from more than one place: that way, you can set yourself up for consistent cash injections. 

 

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Unstoppable: 9 Principles for Unlimited Success in Business and Life

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Bigger than You: The Entrepreneur's Guide to Building an Unstoppable Team

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Transcript

Click on a timestamp to play from that location

0:00.0

Welcome to the Kelly Roach Show, the place for no fluff easy to implement 20-minute or

0:08.9

less business and leadership lessons to help you build a sustainable business that scales.

0:15.6

Lead with integrity and create a lasting legacy.

0:19.6

I'm Kelly Roach, former NFL cheerleader and Fortune 500 executive turned 8 figure entrepreneur.

0:26.2

Let's get started.

0:28.9

In today's episode, we are going to talk about how to quadruple the sales coming into your

0:34.8

business each day by expanding into multiple streams of income. Now, there are many different

0:41.8

ways that you can build multiple streams of income both inside and outside of your business.

0:48.1

When you look at the streams of income inside your business, many people focus solely on customer

0:54.8

acquisition. Customer acquisition is the hardest and most expensive way to generate dollars in your

1:01.0

business. Obviously, as you are starting and growing your business and forevermore, customer

1:07.3

acquisition is going to be a huge piece of how you grow. However, when you look at the pie of where

1:14.6

the dollars should be coming from in your business each week, each month, each quarter and each

1:20.4

year, you should have streams of income from all different directions that provide consistent cash

1:27.8

injections in a number of different ways. Most small businesses have a one-dimensional cash

1:34.0

injection strategy, which is why it becomes very stressful to achieve their growth goals.

1:40.1

If you're simply relying on either launches or consultations to drive all of the dollars in

1:46.2

your business, that is the hardest and most expensive way to grow. So, what are you doing set?

1:51.7

Now, first and foremost, I am a firm believer that just like you have your expenses every single

1:58.2

month, you're going to get a water bill, you're going to get a mortgage, you're going to have a

2:02.1

payment for your car, or you're going to have an electric bill that comes, you're going to have

2:06.5

the cable do. You need to make sure that there is something of significance happening in your

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