How to Monetize Your Small Business Outside of Your Normal Product Offering - Lee Ann Bonnell Live

How to Monetize Your Small Business Outside of Your Normal Product Offering

If you're an Entrepreneur or Solopreneur running a small business, you're always looking for ways to increase revenue. After all, more revenue means more money to reinvest in your business and grow even more.

But how do you actually make more money from your small business? The answer is monetization.

There are many different ways to monetize a small business. In this blog post, we'll explore some of the most common and effective methods so that you can start generating more revenue for your business today.

Offer Exclusive Features or Services
Everyone likes to feel special. Treating your customers like they have a sign around their neck that says, "make me feel special" is a great way to grow your business and create raving fans.

One way to quickly monetize your small business is to offer exclusive features or services for an additional fee.

This could be anything from expedited shipping to priority customer service or a monthly subscription for a box of your favorite things.

If you have a product or service that your customers need or want, they'll be willing to pay a little extra for the convenience or peace of mind that comes with it.

Create and Sell an Online Course
As a business owner, you have knowledge of the topic of the product or service you provide. Maybe you just know a lot about running a business or creating balance in your world.

Others are probably seeking that knowledge, so who better to teach them?

Another great way to make money from your small business is by creating and selling an online course. Take your professional expertise to the next level.

If you have knowledge or skills that others would find valuable, package it up into an online course and sell it to people who want to learn from you. Online courses are a great way to monetize your skills and knowledge while also helping others learn something new.

Sell Merchandise
Some of my favorite restaurants sell teeshirts or hats with their company logo on them. My husband and I both got shirts at a restaurant in Florida where we enjoyed dinner on the beach. It is a lovely moment of our 10th-anniversary trip.

If you have a popular brand (or even if you don't), selling merchandise is a great way to monetize your small business. T-shirts, mugs, and other branded items are always popular among fans and customers.

Not only does this generate revenue for your business, but it also helps promote your brand and get your name out there.

There are many different ways to monetize a small business. The most important thing is to find what works best for you and your company. Experiment with different methods and see what generates the most revenue for your business. With the right approach, you can start making more money from your small business today!

Don't forget to go to leeannclass.com and register for my free workshop. You'll learn about systems and how as the leader you are responsible for guiding your business to maximum profitability.

If you’d love a customized strategy based on my 20 years of experience working with people just like you, hop on my calendar at http://meetwithleeann.me

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Testimonials found on this website are actual client reviews of Lee Ann Bonnell and Lee Ann Bonnell Coaching. Prospective clients may not obtain the same or similar results. The information contained on this website is intended for general informational purposes only.