Set Your Income Goals and Develop a Revenue Strategy

 

Set Your Income Goals and Develop a Revenue Strategy

 

Lesson Info

How Many Hours Can You Devote to Your Business?

We're going to do some math. Who everybody, like sit up straight. Take a deep breath, it's. Time for math. All right, so what's start with how many hours can you devote to your business this year? So, as I mentioned time impacts your revenue in two ways. Time available to produce products and time available for marketing and these air your revenue generating activities. So our exercise here is to determine how many hours you have to spend each week on revenue generating activities. So, first off, how many hours a week do you spend on your business? In a normal work week? You're not traveling whatever kind of a normal week looks like for you. How many hours are you spending on your business? There's? No wrong answer here. Be honest, you want to share and just work all the way think everything we're doing is we're usually right. You and that's. Fine. Teo, I actually personally work a lot. I get really excited when my husband makes plans on a saturday because it was like to go with studio...

mccaskill. Free work day. Um, okay. But then and those hours, who has tracked out all the hours that are non revenue generating? Admin customer service or fulfillment? Answering e mails, listening to classes on creative, live goofing around on facebook and let's face it unless you're really submitting a strong call to action all of your time on facebook is messing around on facebook. Let's be really so it's really easy to spend a lot of time working on your business without actually generating revenue, so we're not we don't time talking this class, I feel like there could be a whole other class about how to get rid of all of this joke so that you could spend more time on revenue generating activities. I think I just designed my next creative life class, but for now we just want to acknowledge how much time you spend a week on that stuff because what's left, it is your time for revenue generating activities. So how many hours a week do you think you have for revenue generating activities many hours a week? Are you spending on either making product or directly marketing that product like solid in front of a computer time answer like reaching out, yes, reaching out marketing or calling stores or e mailing stores or whatever it is that's like you're really solid marketing and then your actual production time, how many hours a week you guys spend on that twenty five to thirty chris and shaken had thirty marketing yeah production and making to marketing and making ok yeah so a large trunk that's probably gonna be making right yes got more to talk about that a minute, tio ok, ok. Thirty nine out of forty yeah, on ben some of its marketing okay and that you seem you know, e I always confused if it was the non generating activities or generating money cause I surprise spend I don't spend right I spent time making but a fine as much time marketing right? I should write so yeah, and so those two things combined are your revenue generating marketing plus making because you can't you don't have proper if you can't sell a product, you can't make money right? But for not marketing the product we're also not making money all right? So that we want to figure out how much time we're spending on those two things combined or how much time you have spent on those two things combined and then you also want to figure out how many normal work weeks you haven't here. So we store you're actually that amount of time that you're spending how many of those do you actually get it's not fifty two I don't care what you do if you're probably taking a week off for a holiday here there or if you're working a day job you might have some weeks where that takes up all of your time I travel a lot, so I have to cut those weeks out so many normal work weeks do you think you have a near? There are fifty two weeks in the year case anyone's for gotten I really have a normal workweek like things like that, you know anything where you're traveling or running around like so you're weak. So how many? Yeah, forty. Yeah, yeah, that fifty and that's my problem? I don't have any time when running around or anything. Yeah, and so if it if you're all I have to fifty, I would scale it down because you want to be able to calculate without having to work that much. I usually also it's funny that you guys are all saying forty because that's usually what I factor that I'm about as well. So now I want you guys to share. So this is really our first f word just starting if you didn't actually write down a number for how many hours you spend on a week in revenue jetting activities, right that number down right now because we're gonna we're gonna build on to math here. So how many hours you so revenue generating activities, members making plus marketing total? What do you spend on those and then also make your note of how many normal work weeks you have in a year

Class Description


"Megan's classes are the BEST online courses that I have EVER taken. I'm not exaggerating! This class is no exception. Setting a revenue strategy sounds really intimidating (which is why it's taken me so long to do it), but Megan breaks it down so well and gives you a roadmap for executing the strategies you learn. My mind is blown."
-Casey Sibley

The funny thing about knowing how much money you want to make each month is that it becomes easier to earn it. Yes, really! What’s more, revenue goals give you something to work towards and help you keep your business on track. Learn how to develop a system for setting your goals in Set Your Income Goals and Develop a Revenue Strategy with Megan Auman.

In this class, you’ll learn how to set an overall annual revenue strategy based on month-to month-goals. Megan will show you how to develop revenue goals based on your:

  • Production process and available time
  • Pricing strategy and income streams
  • Current customer base and audience
  • Even if you haven’t started making money, Megan will help you develop realistic and achievable goals. You’ll learn how to develop a revenue strategy that is tailored to the way you do business and customized to reflect your product line.

If you want to earn a predictable income by selling your handmade goods, join Megan Auman for Set Your Income Goals and Develop a Revenue Strategy and learn the right way to develop your revenue goals.