9 Ways to Become a Better Listener
By Debra Schmidt
Sometimes the most painful feedback can give you the greatest opportunity to grow. I still vividly remember an experience that happened to me 25 years ago. I was about six months into my new role as a manager when a very talented employee marched into my office and asked to speak with me privately.
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Memberships = Residual Income, BUT
When I say “Membership Sites“, what’s one of the first things that comes to mind?
Residual income right?
Getting paid month after month is definitely a nice situation but here’s the problem…
If you can’t get your membership site off the ground, you’ll never be able to enjoy the residual benefits of having one.
And that’s where most people get stuck.
Why?
Because they either make it too hard or they get caught up in the “technical” aspects of building a membership.
Here’s the good news…
I found a solution that will make this a breeze for you.
It’s called WishList Member:
http://member.wishlistproducts.com/wlp.php?af=951103
If you like WordPress, you’ll LOVE WishList Member because it quickly (and easily) turns your blog into a full fledged membership site.
It’s a excellent product and they have great support (including 30+ videos you can view for free before even buying the product).
Take a look:
http://member.wishlistproducts.com/wlp.php?af=951103
Enjoy!
Terry
P.S. If you sell any “digital products” online, you may also want to look at this as a way to deliver your products because it gives you greater control over who has access to your products 
Here is the link:
http://member.wishlistproducts.com/wlp.php?af=951103
P.S.S. After you purchase your copy of WishList Member, give us a call to find out how we can help you get your membership site up and running – You’ll be glad you did
2 Income-Strategies You Can Use to Free Up Your Time
By Leesa Barnes
Over the years, I’ve learned from some of the best minds in online marketing, such as:
Milana Leshinsky, Alexandria Brown, Kendall Summerhawk, Melanie Benson Strick, Ramon Williamson, Suzanne Falter-Barns, Michael Port, Scott Stratten, Kim Castle, Andrea J. Lee and countless others whose information products I’ve digested.
Although their strategies differ, the one thing they all agree on is that you should create multiple streams of income in your business. There are many ways to generate money in your business, but we can group them into 3 broad categories.
They are either fixed, leveraged, or residual. Of these, only 2 can free up your time.(And you’ll notice that I left out passive because in my mind, no income stream is truly passive. In other words, you’ll need to do something in order to keep moola rolling in).
Let’s go through each one by one:
- Fixed – The dictionary defines fixed as “not fluctuating or varying.” In other words, this income streams doesn’t move. Sadly, the income of most consulting and coaching businesses are set up this way. You would charge the client an hourly rate and then you do a certain task during that hour.Examples of this are hourly coaching sessions or website development. As you’ve probably noticed, this model doesn’t scale. You have very little free time to create new products or services because most of your 30-40 hour week is tied up working 1-to-1. That means your income will be stuck at a certain level which is typically the mid to high 5-figure range. At this point, all you’ve done is replace the salary you’ve received when you worked full-time for someone else. As Kendall Summerhawk said on her blog on the same topic, “You end up not only feeling burnt out but feeling broke too, even though you’re working plenty hard.”
- Leveraged – In her book Coaching Millions, Milana Leshinsky describes leverage as “creating the content once, then repurposing it in different formats and at different price points.” This is the first thing I teach my clients to do to help them transition from a fixed income stream.Examples of leveraged income are recordings from a workshop that are sold on DVD as a home study course or blog posts that are published as a physical book. The whole idea is to create the content once, then produce it in a variety of formats.
- Residual – When an old television show goes into syndication, most actors will get a small royalty. This is a similar concept that can be used in your business. I first came across this strategy through Milana’s book, however, I’m going to define it a little differently from how Milana did. Residual is when you create a product or service and then you earn money through a subscription model. My monthly membership club, Lead Attractor School, falls into this model. So too does a licensing program. Also, if you sell a service, you can collect money monthly. Online shopping cart systems, such as Cartville, are a great example of this.
Of these 3 income streams, only leveraged and residual can free up your time. And if you want to learn which specific strategies I use in my business, join me on my free preview call series where I’ll share with you how I earn an extra 4, 5 and 6 figure income per month, all while enjoying a 4-hour workday. Reserve your spot for this no-cost call.
What Can We Learn from Miley Cyrus?
By Jane Atkinson (originally written on May 6, 2009)
Today is my 45th birthday.
I figure 45 is about the half way mark. If all goes well, with modern technology, I may live until 90. Now for my clients who have survived cancer, climbing accidents and hippo attacks (yes, it’s true) I know that life is precious and that I can’t take anything for granted.
And, as the eloquent line from 17-year old Miley Cyrus’s new song “The Climb” tells us, it’s not about reaching the top of the mountains, it’s about the climb.
It’s about the journey of life.
So being at the ½ way mark, I have to check in and ask myself, “am I living my life by design or by accident?” “Am I enjoying the journey?”
Still Waiting To Start Marketing?
I have heard it many times. Many coaches who have been in business for a year or two have told me that even though they are in business, they are not actively marketing it. When I ask why not, it always seems like they are waiting for something before they can start marketing:
- Waiting to get yet another professional certificate
- Waiting for their web designer to re-design they web site for the tenth time
- Waiting to finish reading a marketing book they purchased
- Waiting to start on the 1st of the month
- Waiting to …
These people have been waiting for over a year to start marketing their businesses.
Since they haven’t marketed their business yet, they do not have many clients and they are not able to support themselves with their business revenue.
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