How to Transition From Freelancer to Successful Lifestyle Business Entrepreneur

As a freelancer, it is easy to get stuck in the rut and believe that you have to be the one who does everything. However, being the one who performs all the work limits the time you can actually spend building a successful business.

Do you want to be successful?

Then you have to understand how to build a business rather than just having a series of projects. To build a business you need systems.

Part of building systems is learning to:

Adopt the right mindset

If you want to grow a business, the very first step is to have the right mindset. If you maintain the mindset of a freelancer which is project based rather than system based, then building a business will be a foreign concept to you. To adopt the right mindset, you need to adopt the business mindset. There are many books published that tells you how to build a successful business using systems. The most important thing you will need to learn here is that building a successful business involves systems.

Plan

You need to have a plan about where you want to go. Do you just want to make few bucks or do you really want to build a successful lifestyle?

With a freelance business, if you stop working, you stop earning. Obviously, if this is as far as you want to go with your consulting projects, then this is fine. But from over ten years of consulting, I have learned most business owners want more. They want success and financial freedom and are always concerned about ways to achieve it.

Financial freedom is not a random act but needs to be planned. Determine where you want your successful business to be in three years. And develop steps to achieve that plan.

Delegate

If you are stuck in the routine of accepting, completing and then moving on the next project, there is good news for you. Delegation is a very effective way of assigning routine tasks while you focus on the tasks that only you can do to build your freelance business. In the beginning delegation seems to cost more money. But the key is to focus on the long term goal which is your success and financial independence. When you delegate, you always have something going on as you are already looking for the next client while your employee/ contractor is working on your current project.

You can also delegate your client acquisition system by using referrals to build your client base. Of course you will need to provide exceptional service for this to be successful.

Moreover, you can delegate your customer service/ follow-up process to an online administration service. You can even delegate your blogging to guest bloggers.

When you delegate the essential parts of your business system, you can take extended vacations and still bring in income. When you can walk away from your business from a period of time you are beginning to achieve success and financial freedom,

Delegation is a necessary pre-requisite to growth. You risks becoming irrelevant if you do not delegate. We all know technology changes and if you are too busy working on projects, you have less time to work on your skills and stay relevant in your field.

Automate:

Nowadays, there are so many technologies out there than can help automate parts of your successful business.

You can use auto responders to improve your customer service. Auto responders can be your first course of response to let your client know you received their request and will get to them within 24 hours.

Another useful automation tool is project management software called basecamp. We all know that sometimes the meaning of a word is sometimes lost in the translation when communicated through email.

With basecamp every aspect of your project is kept on one page: All correspondence, to do list, revision drafts, etc. are all kept in the same place. At any time, any team member or client can see what is going on with the project. I think this is cool as it is such a big time saver. It cuts down the amount of time you spend on emails by half.

Using basecamp increases business success with your client management system.

Build passive income:

In honesty, I hate this term passive income as there is a lot of confusion as to what passive income really is. Some people see passive income as a lazy way of building successful businesses on the internet. However, there is no lazy way out. What most people call passive income is really hours of upstart sweat equity which finally produces cash flow over an extended period of time? We do not see behind the curtains of most successful entrepreneurs hence we do not see all the hard work that went on behind the scenes. Most people want the results without the sacrifice.

With that said, using passive income sources like affiliate marketing, product sales or digital products, can boost your income by providing a consistent stream of income. This in turn contributes to your success and financial independence.

In this way your income is not tied strictly to your clients. This gives you more choice as to what type of clients you will like to work with.

Understand your numbers:

This is the topic no one likes to talk about. Most freelancers believe that as long as you are making enough money, the financial details are not relevant to your successful business. Think of your car, and think how long it will actually run if no maintenance was ever done. Your car will not run very long. A business is the same way; you need to perform regular checks to make sure all parts are still functioning efficiently.

Until you learn to look under the hood of your business, you cannot really succeed. It is when you begin to understand how the numbers work in your business that you begin to see patterns that can propel you to the next level. Understanding your financial statements and knowing how to use it to project into the future is paramount to business success.

Are you a freelancer, website designer or consultant? Do you want to build a successful business? Then take the time and read this information and respond to this post with one action you will take to move from being a freelancer to actually owning a successful business.

Start a Business – Entrepreneurs Here Are 4 Insider Secrets Guaranteed to Help Your Website

In today’s world, almost every type of business from home based business (with no technology or low technology) to large corporations (with high technology) has a website.

Websites are created for a number of reasons including establishing a brand identity, educating new and existing customers and selling your products or services online. In fact, many potential customers will visit your website to learn more about your products and services long before they contact you directly.

Unfortunately, you only have approximately 4 to 7 seconds to capture their attention. Adding personalization to your web site will help you keep them there with the “WOW” factor.

A website that is personalized will immediately develop trust and create confidence with your potential and existing customers. Here are 4 insider secrets guaranteed to help personalize your website:

  1. Add a signature – You can scan your own signature and create a graphic from that image. However for security issues like identity theft you shouldn’t use your real signature. As an alternative use software with some handwriting fonts to create your own unique signature.
  2. Add a picture – You can add a picture of you, your team or both. Adding pictures with a brief bio or a description increases website success which has a lasting effect that lead to higher sales. The trick with adding pictures is maintaining consistency with the size and shape.
  3. Add streaming audio – According to the experts buyers need to hear your voice in order to more effectively sell your products and services on your web site, buyers need to hear your voice, according to experts. There are many audio tools with functions that range from editing your audio files to converting MP3 and wav files. Though the idea is to keep it simple, most products minimum requirements include a microphone, software and training.
  4. Add streaming video – Allowing customers to see your message, products or advertising in a video format offers the same great benefits as with streaming audio. However this format can utilize more space or bandwidth which leads to getting billed extra from your hosting company.

These insider secrets add far more than just a personal touch to your web site. They set you apart which gives your site a leg-up over your competition. The benefits include:

  • showing who you are
  • connecting with customers
  • standing out in the crowd
  • impressing your customers
  • generating more revenue

Personalizing your website goes a long way by building long and profitable business relationships with customers. Adding a signature, pictures, streaming audio and video can increase the time visitors spend on your website.

Quick Success Tips For Direct Sales Home Business Entrepreneurs

To achieve success as a network marketer in direct sales there are certain things you must do to reach that elusive multiple six figure income. Put these simple but highly effective tips to use and you will see remarkable things happen in your business.

DEVELOP YOUR MINDSET FOR SUCCESS: you will not achieve the kind of life altering success you crave until you’ve trained your mind to accept that you’re worth the money you’re seeking. There’s a huge number of ways to work on your attitude – do your homework and get busy.

SURROUND YOURSELF WITH THE KIND OF PEOPLE YOU WANT TO BE: It just makes sense to join the successful people you want to emulate. If the company you are looking at can serve as a mastermind group for you – that’s what you need. If it can’t, you should probably think about looking elsewhere.

PLAN YOUR WORK AND WORK YOUR PLAN: If you’re part time to start or full time right now, set a schedule where you do your business and do not deviate. Set the ground rules with your family so this time is yours to focus on your business.

DEVELOP YOUR PEOPLE SKILLS: Duh; we work in a people business and if you cannot communicate, your business will suffer and to be perfectly honest, you’re probably in the wrong business.

BUILD A TEAM AND SUPPORT THE HECK OUT OF IT: First of all, you should be with a company that as a strong residual income component. After that, it has to be your priority to recruit, train, and support your team. It will pay off big time in your bank account if you keep your troops happy.

ALWAYS MAKE YOURSELF AVAILABLE TO YOUR TEAM: It’s connected to the previous item but it’s important enough to mention it by itself. If your team has faith in you and knows you’ll be there for them, there a good chance they’ll be there for you leading to unbelievable profits for you.

WRITE YOUR GOALS DOWN ON PAPER AND KEEP THEM HANDY: set out your 1 month, 3 month, 6 month, and 1 year goals and refer them often as you progress. Also you must have a vision statement that sets out where you want to be in the years to come. Get it on paper!!

And lastly,

AVOID NEGATIVITY IN THE MEDIA: Negative in – negative out. Our business is all about being positive so why spend time listening to crap on TV or the radio. Go out of your way to avoid the tabloid style media drivel and always focus on the positive.

Simple and easy ways to reach your business goals. I wish you the best of success at home.

Product Creation – Successful Entrepreneurs Develop Their Own Products

There is nothing like having your own product to sell. You can keep all the profits for yourself. If you are selling affiliate product, you have to worry whether the company will remain in business, or whether the rates of commission will reduce or that there is not enough market for those products. In fact, when you have your own product, you can affiliate it and offer commissions for its sale. But in this case also, you get to keep a good portion of the profits.

You can develop products to distribute freely or you can sell them to earn profits. When you distribute freely, you get to build a list which can then be useful in marketing your products. There are 2 requirements of products.

1. They must be wanted by your target audience. You cannot sell something which does not serve any purpose or does not solve any problem. If you find that your customers need information on how to lose weight, you must write an e-book on ways of losing weight. If your target audience wants to know what the great places to visit in Singapore are, you write about that. So where do you find what they want. For this, you must regularly visit internet forums related to your field of interest and watch what people are talking about.

2. The products must be in downloadable format. For instance, if you are writing an e-book, make it available in PDF format which is easy to share and print. If you are making an audio product, create it in MP3 format which is the most widely used format for audio files. On the internet, people want instant gratification. As soon as they sign up to your list, they would expect to get the freebie or the product.

There are many types of products you can create digitally. I will explain about 3 such products.

1. E-book: You can create an e-book which is nothing but your content, organized in chapters and presented with an attractive title. E-books are very popular information products and can be used in a variety of ways.

2. Audio Product: You can record a training session or an interview and develop and audio product. If the interview is long, break it up into small parts and run an email audio course. All you need to do is to give out the link in the email and students will access it from your servers.

3. Screen Capture Product: You can develop products to teach people how to use the internet or any other software product. Use tools like Camtasia to capture screens of the products and add a voice over to explain the navigation.

Developing your own product is the first step to take your entrepreneurship to the next level of success.