Jump Start Revenue Right Now

State governments are slowly allowing more businesses to open after what has been about a four month shutdown for something like half of U.S. businesses. It’s been rough slogging for many citizens, but for a chosen few, the shutdown has been a money-making bonanza.

A handful of Freelancers were gifted with a new way to rake in billable hours like my friend Matt, a techie who is now earning a small fortune running virtual meetings and webinars on platforms like Go-to-Meeting and Zoom for colleges and big companies.

Most Freelancers have faced a business slowdown but have managed to crawl along, sometimes by shifting their focus to services that can be sold during the pandemic, such as teaching virtual classes or writing. Some of us will be able to recover relatively quickly from the shutdown but others, in particular those in the weddings and special events sector, unfortunately must grapple with a steep uphill climb this year.

One thing for certain is that nearly every Freelancer and business owner needs a jump start right now to first, entice current customers to return and second, to recruit new customers. Nothing that I recommend here is new or earth-shattering. The main thing to remember about business strategy—- and the Harvard Business School will back me up on this—-is that one must execute.

The most revolutionary strategy to rock the planet will be useless unless you get busy and put it in motion. Taking action on even one or two items can positively impact your business within six months.

Keep marketing

Especially when billable hours become sparse, it is so tempting to pull back and succumb to the fetal position. A short- lived pity party won’t hurt you and it may be just what you need in the moment. Sometimes one has to lick the wounds. Ice cream helps. But after 3 – 4 weeks, it will be time to regroup and snap out of it.

Shake up your marketing activities by trying something that’s low or no- cost, or double down on your usual tactics, as you first reality test by making sure that the target audience has found you and what you’re putting out there resonates.

Might you know a colleague who hosts a podcast? Have you ever done a 30 minute guest spot? Do you have 2 – 3 topics that seem like a good fit for the listening audience? Even if you have just one potentially interesting podcast topic, make contact and pitch it. If you host a podcast, raise the bar on who you invite as guests as a way to increase your reach and build your brand. Who do you know with big social media followings and/or extensive newsletter or blog lists? Reach out and touch. This strategy also is effective for webinars.

Are you a writer? Thank goodness I was invited to submit a few more articles to Lioness Magazine, the digital magazine targeted for female entrepreneurs that I’ve written for since 2014. There are many digital magazines in the business theme space and all are hungry for good content. The pay may be low to nonexistent, but being a published author has always been smart marketing. http://LionessMagazine.com

Assess social media

In last week’s post we examined the best days & times to publish on a few popular platforms. This week, you can think about how to implement what you learned.

My guess is that you’re already using the platforms you intend to use. Still, rethinking where you’ve chosen to have a presence and an assessment of the ROI derived—-credibility?brand awareness? lead gen?—-is an essential exercise as you look for ways to push your organization out of the doldrums. Have you chosen the right platform for what you’d like to achieve? For that matter, have you chosen the right goals?

Education

Whether you receive the education or deliver it, you and your business stand to benefit. Search for free classes on LinkedIn. Lots of them are worthwhile and all of them provide a certificate that can be uploaded to your profile to make you look smart and ambitious. In the Fall when schools reopen you can explore semester long (online) classes that will enhance your credibility to clients.

As well, take advantage of the COVID-19 attendance limits that are still widely enforced and compel networking organizations to go all-virtual and inquire as to who might invite you to present a short skills building workshop or give your expert opinion on some aspect of doing business.

These organizations are under significant pressure to remain relevant to their members and if you are a member, the organization managers will probably invite you in. It’s more than likely that you won’t get paid, but you’ll have an announcement that will be oh so perfect for your blog, newsletter and social media accounts and that is just the kind of business jump starting strategy that we’re talking about here!

Thanks for reading,

Kim

Photograph: Kim Clark. The twice weekly farmer’s market at Copley Square reopened last Friday, with strict anti-coronavirus measures.

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