Last week we set up your good, better, best scenario for bringing in more revenue. In doing so you’ve created the space and the permission for yourself to begin to bring in more then you have in the past.
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I’ve talked about in the past weeks is that when we as artists begin to make more money as business owners a lot of resistance can come up subconsciously that we could have never anticipated.
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The reason for that is because all of us have a very specific relationship to, with and for money.
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It can be something very small or very large but regardless every single day we are dealing with money. As a result, we have an internal temperature setting that keeps us feeling safe and secure with a certain amount that we are able to bring in.
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To break through that temperature takes a lot of conscious awareness and a lot of will power to make it happen.
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When you make 6+figures as an artist in business it does not mean that you personally made 6 figures but that your business made that revenue and you were able to take a salary from that. When you are able to do that then you know you have a business that has created predictability and is sustainable.
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Now when you make more money that is outside of your comfort zone resistance comes up and you will begin to think that you have to put a stop to this.
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This is not a conscious thought and is totally normal.
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The best being that number that you feel you want to make. The good number being just above your comfort zone. Better being the number between the two.
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To complete this exercise just take one action to begin to share what you have to offer in your business and how much it is.
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There are a number of ways to do this. To find out the ways simply watch the video and I will explain to you the different ways to share your offer.
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Post in the comments below the video how you shared your offer.
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If you are interested in being added to the Profit Canvas waitlist go to the link in my bio or to:
http://bit.ly/pc19waitlist
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What is your internal temperature when receiving revenue?
This is such an important question that we’ve been going over the last couple of weeks. The reason it is important for artists to begin to make 6-figures as a business is because when you make that amount in your business the business can then afford to pay you a salary.
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Here’s the rub...
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The big issue that almost every single person runs into, myself included, is that when you start to make more as a business owner you step into a new position of power within ourselves. A new form of internal leadership is gained, a self-empowerment.
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In order to take that step, we are inevitably faced with challenges that we’ve never really looked at before. That we never thought would be an issue before. The one that I am referring to here is when you start to make that 6-figures as an artist in business.
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Now the question I posed last week was is it harder to make 6-figures? Or is it harder to internally accept and receive the 6-figures revenue that comes into your business and know that you’ve gotten yourself to that next level?
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9 times out of 10 it’s the later that is harder!
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Stepping into your power and being able to receive that revenue will jar your nervous system like nothing before.
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Last week I talked about how when I made my first 6-figures I immediately invested $34,000 into a coach. That was the wrong decision for me to make at that time.
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Why did I immediately invest that $34,000? That is the most important thing to look at because it gave me the perfect opportunity to grow because I did it for a very specific reason.
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We have the most charged energy around money because it is an energy in our lives and we have to deal with it every single day. So we have relationships to it that are so personal to us that will start to come out when you start to break past what your nervous system is use to making.
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What I want to share is that as an artist in business in this day and age It is important to make high 5 or 6-figures in revenue. You then need to pay yourself from that revenue because that is how you can create longevity, consistency and predictability in your business with your art.
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I invite you to embrace that idea!
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Allow your resistances on this idea to come up but now take your first action step in setting yourself up to make enough that is just outside of your comfort zone.
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Here’s how you want to do that, create a good, better, best scenario.
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To create this scenario just take the number you came up with from last week about how much you envision yourself making as an artist to feel like you could have a sustainable business. Take that number and put that down as your best then work backward to come up with a better and a good. Your good should just be outside of your comfort zone.
Did you know that there was something more important that you needed to conquer before you actually begin to make 6 figures as a business owner?
That thing that you need to conquer or have an awareness of is what I want to share with you today.
Last week I was talking about the significance of making 6-figures as an artist in business, especially on the online space.
Now to clarify more on this, when we speak about making 6-figures this does not mean that you personally have made that amount. What we mean is that your business made 6-figures and can now afford to pay you a salary from that 6-figures.
For those of you just starting out, you might be thinking I just made my first $1,000 what does that mean for me?
It is a little bit different when you are just starting out. When you make your first $1000 what you need to look at is, how much do you need to take out of that and what is the bare minimum you can use out of what you made to reinvest to duplicate your results?
This is what you want to do to begin to build your business and have a snowball effect.
Now the question is what is the hardest part when you first make this money? Is it actually making that amount of money or what happens to you when that money comes to you for the very first time?
I started sharing a bit of my story of what happened when I made my first 6-figures as a consultant and an online marketing strategist.
If you missed that story then to hear about it just CLICK HERE!
When I made my first 6-figures I should have been excited but what happened was I ended up being in shock. I become like a deer in headlights.
I was unsure why I was so uncomfortable with the fact that I made this amount of money but I had the urge to use that money to help me grow even further. I wanted to hire a coach to assist me with this growth.
What ended up happening was that I found a coach that was not the best fit for me at that time and charged more than I was able to afford to pay at that time. She charged $34,000 to work for her for the year.
You might be thinking who in the world spends that much to work with a coach? Now big companies that make multiple 6-figures or millions in their business do hire coaches for that amount because they can afford to and make back the cost right away.
Now when l went back through my revenue and was figuring out what I had done I realized by giving away that $34,000 to this coach brought my revenue down to exactly what my parents made when I was growing up as teachers combined.
Next week I want to dive further into the lesson I learned from this in the meantime in the comments below the video let me know when you sit with the amount of money you envision yourself making in your business, how does it make you feel?
Why you need to be a 6-figure artist in order for your business to thrive for the long-term! (and what that even means..!)
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I wanted to share a story of a friend of mine and how he learned this lesson.
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When I was just out of undergrad, I was 22 years old and a good friend of mine had just got cast in a Steve Martin film. Now, this was a huge win for him as he had been training and auditioning for quite some time. His salary from the film was over $100,000. Instead of looking at that salary as money for his art and work as a business he rather perceived it all for himself. Because of this within 8 months all of it was all gone.
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He bought expensive items and believed that his next gig was right on the horizon. What happened to him though was he ended up back at square one with nothing!
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When this happened to him I thought to myself "No way did I want that to ever happen to me!"
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But I still ended up having to learn this lesson the hard way.
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I will be sharing more of my story next week on what I did the first time I made 6 figures in my business but for now, if you could share in the comments below the Facebook Live video on how much do you think you would need to make in order for you to feel like you were on the right track?
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(If you haven’t registered for my How To Make Your First $1K Selling Your Art Online live workshop yet, where I go into detail on how to craft the perfect offer, be sure to do so by clicking below!)
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Click below to register for the workshop!
http://bit.ly/aibtraining
Do you know how to make an offer online without question or hyperbole?
Over the last few weeks, we've been talking about how to craft an offer online.
Every artist needs to know how to craft the right kind of offer to the right people in order to start to build a business that is long-term and sustainable. Also, to begin to create offers that have consistency and predictability.
What you are looking for is offers that bring you in revenue you can count on!
LAST WEEK you had a chance to share your Why Theme question via social media as a test to see what reactions you may receive from your audience!
THIS WEEK I share a challenge with you based on this exercise.
During my workshop, “How To Make Your First $1K Selling Your Art Online”, we look at how to expand make an offer online without questions or hyperbole!
(If you haven’t registered for my How To Make Your First $1K Selling Your Art Online live workshop yet, where I go into detail on how to craft the perfect offer, be sure to do so by clicking below!)
To register for the workshop click on the link below!
http://bit.ly/aibtraining