Tag Archives: communication

5 Ways A Virtual Summit Can Increase Your Income in 90 Days or Less

Your small business has been going great: steady income, returning clients, your email list is now considerable, you have an interactive and large social media following. Great! However, in the last few months you noticed a decrease in growth. You’re not losing, but you’re not gaining either. Everything was growing rapidly. So, what gives?

It’s not uncommon for businesses to hit a plateau. The good news is, there’s a few things you can do to get out of this rut! One of the best ways I’ve found is to host a virtual summit. If you don’t know what a virtual summit is, it’s essentially an online conference. The host is the one who organizes and brings experts together for interviews. The catch, however, is that the summit is only broadcasted for a certain period for online attendees to watch and learn from.

Live streaming and limited-time broadcasting is a great tool to add to your marketing tool box. The limited aspect of these brings urgency amongst your potential attendees which make them more likely to act on it. Television has been using this tactic for ages! How often have you heard someone say, “I have to be home by 8pm to catch the season finale of -insert tv show here-!”

Here’s five ways you can use a virtual summit to increase your income in under 90 days!

#1 All-Access Pass

An all-access pass is to your virtual summit as Netflix is to tv shows. This is the most popular way you can increase your revenue via virtual summits. Some people will not able to attend your virtual summit during your limited broadcasting event due to a busy schedule, sickness, or anything else life throws their way. However, these customers still crave the information!

Free ticket holders can view the broadcast for a limited time, which in turn peaks interest in an all-access pass, which is a membership area containing all the video content, so that they do not miss a single interview! Another tip is to use price-increases for all-access passes. By increasing the price when your summit starts and when it ends, you can encourage more people to buy.

To further increase urgency and to encourage purchases, you can try offering a limited quantity of all-access passes.

#2 Order Add-Ons

An order add-on is an offer asking the customer if they would like to add an item to their cart prior to check-out. Another wonderful way to increase your income with virtual summits are add-ons. This can be a product you already have that is relevant to their interests, or a product exclusive to the virtual summit. You might want to consider offering a small discount for orders over a specified dollar amount to encourage order add-ons!

#3 Sponsorships

In essence, your virtual summit is an event. This is an amazing opportunity for companies to financially support you in exchange for publicity. There’s a few ways in which you can implement this, either by displaying their logo on your home page or making mention during your interviews.

 

#4 Physical Products

I can’t express enough how important branding is! Branding your virtual summit and producing and selling items like t-shirts, pens, hats, or other merchandise will help build brand awareness for both your business and virtual summit. Loyal customers will be happy to rock your swag which doubles as free advertisement!

#5 New Product/Service

After your summit is done broadcasting, you will have a shiny, new, email list of followers! They will be enthusiastic to learn more about your topic and seek more of the content you offer. This is absolutely a great opportunity to influence this email list and launch a new product or service for them. A great idea is to create your virtual summit around new products or services you wish to incorporate so that you continue to build interest and grow your audience!

Ready to try a summit? Give us a call and we will be happy to help.

Back to School Organization for the Entrepreneur

Number 2 pencils are being sharpened, school buses are traversing through the city, kindergarteners are waddling around wearing backpacks as big as they are – it’s back to school time once again!

The start of the school year is a natural fresh start in our calendars, regardless if you are sending children off to classes (or heading off to class yourself). It’s a time to shift gears from hopping aboard the boat at the lake to hitting the books. Back to school organization is just as important for entrepreneurs as it is for students.

Get ready to start the year strong with our back to school organization guide for the entrepreneur.

  1. Get Your Schedule Sorted Out

Students rely on a schedule to be where and when. Sure, you may not have to report to geometry in room A203 anymore. But that doesn’t mean you shouldn’t follow a schedule.

It’s the paradox of the entrepreneur life. You hold autonomy over your schedule, but you should use that autonomy to set restrictions. Ask any successful entrepreneur and they will tell you a schedule is key (not convinced? Check out this post on why you need to set your work hours when you work from home).

Take some time to develop a work schedule that will work for you. Maybe your peak productivity hours are early morning and late afternoon. Schedule your workout for the midday slump. Maybe at 3 you need to shuttle your kiddos around to after school activities. Start your workday a bit earlier. Making a schedule sets you up to be organized and ready to rock this year.

  1. Stock Up on Supplies

Most stores host back to school sales for supplies like paper, pens, post-it notes, and even electronics. Conveniently, all tools you use to run your business! Take advantage of these sales and stock up on anything you will need throughout the year.

If you are lucky enough to have a storage area, pack it to the brim with discount supplies. If you haven’t already, make sure your supplies are organized and easily accessible.

  1. Get Ready to Learn

Students everywhere are getting ready to learn and so should you! Plan out a duoable learning schedule you can follow throughout the school year.

Maybe you take an online course through Udemy where you dedicate one hour Tuesday evenings to. Maybe it’s reading a business development book for twenty minutes a day (try this list of top books every entrepreneur should read). Always be learning. It’ll make you a better entrepreneur (and more well-rounded person).

  1. Gather Up the Timelined Checklists

Checklists are a great organizational tool. They help you remember those dozens of small tasks you need to do without letting something fall through the cracks. Checklists are your friend. At the start of the school year, collect ones you will rely on the following months.

Here are a few we recommend:

  1. Test Out Productivity Hacks

Productivity hacks are great. They let you work smarter, not harder. Pick a few new productivity tricks to try out this school year. You can even pick a new trick each month to continually make yourself more effective.

Here’s a round-up of some great tips to get you started:

Use these organization tips to start your school year off right. Don’t forget, Alpine Small Business Solution is always here to lend a helping hand. We can assist with any aspect of business building. Let us help your company grow this school year. Reach out today with a quick call or email to get started.

“Wrapping Up the Year” Checklist for Small Business

A quick glance at the calendar can send a shock of stress to the small business owner…how can it be the end of the year already? With so much screaming for your attention, it can feel overwhelming. Don’t worry, with a little organization you CAN get it all done. Follow our checklist to ensure everything is wrapped up nicely by the end of the year.

Team Member Management

  • Conduct end of the year team member reviews. Provide constructive feedback to your time-for-reviewteam members. Praise their successes. Encourage reflection on their struggles and setbacks. Ask if they are happy with the direction of their role, and if there’s anything you can help them with. Talk with them about their life apart from work. Do everything you can to support them and ensure they feel valued, both as your valued team member and as an individual.
  • Team member appreciation. Even a small gesture can make a big impact. Show your awesome team member(s) how much you value them. Give a holiday bonus, a thoughtful gift, a memorable holiday party.

Client Relations

  • Write a thank-you note to all your clients. A handwritten card or letter helps your business stand out in a world of mass emails. Express how much you value your clients, and how you look forward to working with them next year.
  • Assess every client’s worth to your organization. Evaluate whether it’s beneficial financial-recordsfor your business to move forward with every client relationship. Weigh a difficult client’s benefits against the time, emotional exhaustion, and stress required to deal with him or her. Sometimes it’s not worth the income. When the costs are too high, it’s better for you and the client to part ways.
  • Review financial records. Meet with your accountant to ensure your books are complete and up to date. Preliminary work now can save a huge amount of time come tax season (or in the event you get audited).
  • Conduct a profit and loss report. Put in writing the financial state of your business. It’ll be a good analysis of this year’s progress and serve as a benchmark when you make financial goals for next year.
  • Collect outstanding bills. Go through accounts and see which clients still owe money. If possible, get the payment before the year ends.
  • Review payroll. Make sure all accounts are covered and there are no outstanding payments. It’s easy to forget about bills such as transportation reimbursement, so double check to be sure everything’s taken care of.

Business Management

  • Backup all data. Save all your documents and contact information in the cloud or on an external hard drive. It’s tedious, but incredibly important.
  • Write an end of the year memo. This memo for your wonderful team members is two-fold. First, memocelebrate the past year. Highlight accomplishments and successes of the organization as a whole, and spotlight individuals who went above and beyond. Mention notable changes, like welcoming new staff members or new clients. It’ll be a good refresher for you and your team. Second, build up enthusiasm for the year to come. Talk about goals and the vision for the upcoming year to provide a concrete direction for the business.
  • Prioritize projects. Determine which projects need to be finished before the year’s ends. Tie up the loose ends for projects nearly completed, projects where it would be difficult to pause for the holidays, or projects for impatient clients. Set aside projects that can be easily started again after the holidays, or ones that benefit from a fresh perspective after the new year.

Self-Care

  • Really relax and rest. Entrepreneurs can be the worst at self-care! But burning yourself out is terrible for your health (and productivity!) Be sure to set aside time during the scramble to take care of yourself with massages, a night of Netflix, whatever you need to fully unwind and recharge.
  • Enjoy the holidays unplugged from work. By this point, you’ve done everything you need to do. Now enjoy your holidays!

If you need assistance accomplishing your end of the year administrative tasks, Alpine Small Business Solutions is here for you! We can handle short-term (or long-term) projects, freeing up your time to focus on other projects. Give us a call or shoot us an email today.