#251: Five Ways to Grow Your Income

How can you grow your income?

It’s one of the top questions I get from coaching clients and prospects.

I can see why.

Heck, I ask myself that question all the time!

But the answers can feel overwhelming. There’s so much information and so many recommendations out there that you don’t know where to start. It feels like you should be doing a million things.

But when you distill all that advice, the answer isn’t all that complicated after all.

In today’s podcast episode, I take the thousands of ways you can grow your income and boil them down to five core factors.

If you’ve been struggling to wrap your arms around this question, this podcast is definitely worth a listen.

The notes that follow are a very basic, unedited summary of the show. There’s a lot more detail in the audio version. You can listen to the show using the audio player below. Or you can subscribe in iTunes to get this show delivered straight to the Podcasts app on your smartphone, tablet or iPod.

If you really think about it, there are only five core ways to increase your income:

  1. Increase the number of leads you generate (outbound and inbound)
  2. Increase the number of leads you convert into clients
  3. Increase the number of projects you land (frequency of transactions)
  4. Increase your fees
  5. Increase the number of referrals you get (by taking a proactive stance)

Almost 99% of the time, writers think that the problem lies with number one—increasing the number of leads you generate.

And yes, this is true in some cases.

But still, it’s not a good idea to jump to conclusions.

Take a closer look and consider the other four factors. How are you doing in those areas?

I bet you’ll start seeing where the biggest or fastest opportunity lies—and I bet it’s not what you thought it was.



By the way… whenever you’re ready, here are 3 ways I can help you grow your freelance business:

1. Grab a free copy of my book.

It’s called Earn More in Less Time: The Proven Mindset, Strategies and Actions to Prosper as a Freelance Writer. The title says it all. 😉 — Click Here

2. Join my implementation program and be a case study.

I’m putting together a new implementation group this month. If you’re earning $5k+/month (or the part-time equivalent) from your freelance business … and you’d like to grow your income quickly with better clients … just email me at [email protected] and put “Case Study” in the subject line.

3. Work with me privately.

If you’re a 6-figure writer who’s trying to earn more in less time, with less stress, I might be able to help you get there faster than you think. Just email me at [email protected] and put “Breakthrough” in the subject line, and I’ll get back to you with more details.