Someone asked me how I would start a business from scratch in 3 months (90-days). And that got me thinking. If I could take the experience I have and use it to start over from scratch… How would I do it?
When I say starting over, I mean it. In this hypothetical I wouldn’t have my mailing list. I wouldn’t have organic traffic, a following, name recognition – none of that. Just my experience as to what works and what doesn’t and the drive to make it happen.
Now let’s say that my life depends on me having a full-time income at the end of those 3 months. No pressure there, right?
It sounds unrealistic, but a lot of people find themselves in a remarkably similar situation – make more money or else… Or else they’re in trouble, or else the bills go unpaid, or else they’re facing losing their home, or… worse.
So, with that in mind, here’s what I would do:
- I would stop looking for magic ‘make money online’ products, strategies and ideas. There is no secret combo of tricks and buttons to make money. It’s not a printing press – It’s a free market. And it may sound counter-intuitive, but in the free market, the way to make money is to stop focusing on the money. Simply make yourself indispensable to people who need your solution to their problem. That’s it! Do that and the money will follow.
When you’re focused on providing solutions, you no longer get distracted by the ‘Shiny Object Syndrome’ that steals your time and your money. Now, I’m not saying all programs are bad. In fact, many of the “how-to” and “step-by-step” trainings are useful as building blocks to the larger puzzle. But that’s usually all they are – they’re puzzle pieces – not full-blown businesses.
- So, I would start with the outcome first. Who is my market? Which product or service should I choose? What is the solution I can provide that people will gladly pay for? What’s THE ONE BIG BENEFIT I can provide to my customers? How big is my first goal? How will I know when I’ve “made it?”
Clarity is key here. You must know where you are going and how you plan on getting there. I don’t mean that you need to have all the specific tactics worked out, but I’m talking about the big picture. Think of your business plan as a GPS, you must know where you are and where you want to go. Then you need to choose your method of transportation in order for it to work properly.
This is the starting point of everything that will come next.
- Next, I would build my website. Odds are it’s going to be a blog. Now, I’m not going to spend a ton of time on setting this up because I only have 3 months to generate an income. I’ll spend an hour maximum choosing the URL, I’ll get the hosting, I’ll choose a simple, streamlined theme, I’ll get the autoresponder and I’ll be ready to get started.
Yes, it takes money to get started. Not a lot, but some. You’re making an investment into your future. And if you think spending a couple of hundred dollars to set up your internet business is somehow a lot of money, consider the alternative: Spending at least that much each month just to drive to and from a job, or spending thousands for a brick and mortar business.
- Time to create content for that blog. But this isn’t about running a blog, it’s about running a business. The blog is just a tool to get the business done. So, here’s what I would do: Look at the big benefit I deliver, and then write down all the stumbling blocks people encounter trying to get that big benefit. Then pick out 3 of these and write detailed posts on how to overcome those barriers. Then repurpose those posts into videos (for YouTube or Facebook) and podcasts, or some type of lead magnet/incentive to get people to join my list.
Notice I’m only creating 3 pieces of great content initially, not 300. And I’m repurposing those in multiple ways. Some folks spend years trying to get everything exactly right, but in this hypothetical, I’ve only got 3 months, so forget perfection and just get it done. Don’t get carried away with content creation either. Keep it simple to start, there will be plenty of time to expand later on.
The blog posts should be highly focused on getting my prospects to take the next step, which is likely going to be a free consultation. Think about the format of a successful sales funnel that drive people to take a specific action. It’s not very easy to sell a $300 a month coaching program or a $1,000 website optimization package online. Especially if you are under a time constraint. But its typically much easier and faster if you can talk on the phone or in a meeting first.
- Next, I would offer a service or coaching. Do you know why? Because it’s the quickest way to make real money. Offering products is great, but it takes time to create the products and more time to build the lists to promote that product to. When your list is small, it’s best to focus on services or coaching because it’s the fastest way to generate a profit. Most people are already experts at something. And to be an expert you just have to have lived through and overcome a specific problem.
Get people on a free call, help them solve a problem, and invite them to participate in your coaching program where you will share what is actually holding them back and how to overcome that based on your personal experience. In its simplest form, we are simply sharing our personal knowledge.
- Now, I’d focus on getting as many people on the phone as I can. Because, the more prospects I get on the phone, the more likely it is some of them will say yes. It’s a simple numbers game that can shift in your favor if you provide incredible upfront value during the conversation.
Plus, with more practice getting on the phone and talking to my target customers, I’ll get better and better at finding out people’s specific needs and presenting them with the solutions. I’ll learn their specific verbiage or language that they are using and can adjust my messaging accordingly.
It shouldn’t take long before you’ve signed your first client.
- With my first customers or clients I would deliver like a madman (or mad woman.) I’d blow them away and earn myself raving testimonials which I would then use to earn more clients. Video testimonials are the most powerful, but written testimonials are also extremely beneficial.
I’d also be Mr. (or Mrs.) Communication with both my clients and everyone else on my list and in social media. If someone writes to me, I answer quickly. If I’m mentioned on social media, I am thanking them the same day by replying with a comment or message. It’s a people business after all, so my goal is to build my reputation by pleasing people.
- As I’m servicing my clients, I’m learning what they need and want. I’m using that information to create my first information product which I will then sell in addition to my coaching.
Selling time for money is a great way to get started. But you want to be creating assets that you can use to automate your income as soon as possible. Creating an information product or digital course is a great way to accomplish this. It can be used as a standalone midlevel product or a down-sell if someone can’t afford coaching.
Then hopefully, those clients will become affiliates and continue to refer others to me for a long time to come.
- Time to focus on traffic, traffic, and more traffic. Organic marketing, social media, guest blog posting, podcast interviews, YouTube videos, and paid advertising (Facebook/Google) are simple methods that can be used long term to drive people to your site and onto your lists. Each one has a learning curve, but as you improve, you’ll see quicker returns for your time and money. It’s always best to master one method before adding any more.
I’d also try to build relationships with other marketers or influencers in my niche. Almost nothing drives warm, quality traffic faster than an expert in your niche telling their list about you or your offer.
- Lastly, I would continually strive to improve the benefits I deliver to my customers. Not sure who said this, but I always strive for constant growth: “Great today is only good tomorrow and not good enough the day after that.” I know I have to stay on top of myself and my business to provide my customers with what they need and want even before they know they need or want it. As an entrepreneur, my business will never outgrow me, so if I’m not at the top of my game – I’m limiting my professional growth as well.
Bottom Line: By delivering the solutions people seek, I can build a fully functioning business in a short amount of time. And yes, by diligently following these steps, you too might be earning a full-time income in 3 months.
If you’re interested in working with me as your coach – consider hopping on a FREE Insight Call.
~Wishing you success,
P.S. > Prefer to watch? Check out this post on YouTube!