The Boring Secret of A Sustainable, Predictable, and Consistent 7-Figure Freelance Business
The Boring Secret of A Sustainable, Predictable, and Consistent 7-Figure Freelance Business
Say you’re a Social Media Manager and your goal is P100k a month and
your usual rate is $500 per client per month (which is the average) for
social media work.
Now, imagine that out of 100 people you reach out to, you can get at least
10 people to hop on a call with you…
And out of the 10 people you hop on calls with, 4 end up being clients.
Using the CCPP approach, it'd look like…
CONNECT (100) → CALLS (10) → PROPOSALS (10) → PAID (4)
Which means that in order to make P100k/month, all you need to do is
reach out to 100 people a month.
What’s more...
If you charge $1,000 instead of $500 then you only need to talk to 50
people and connect with at a little less than 2 prospects a day.
If you charge $2,000 then you only need to talk to 25 people a month to
reach 6 figures -- that's one measly connection each day!
So if you remain COMMITTED to reaching out to the required amount of
people a day, there's no way your income would be uncertain.
And that's what you want in a business.
PREDICTABILITY.
Say you could get 4 clients out of every 10 you talk to, how many clients do
you need to hop on a call with to reach your goal?
If you can get 10 people to talk to out of 100 people you connect with, how
many prospects do you need to reach out to to meet your monthly income
goal?
Based on your answer to the previous question, how many clients do you
need to reach out to every day?
1. Lead Flow
How many leads per week are you getting?
2. Sales
What percentage of leads do you convert into clients?
3. Repeat Clients
What percentage of clients do you convert into repeat clients?
You need to track these numbers for your business. Track them for at least
a month until you have enough data to make an informed decision.
And doing this gives you an objective view on the things your freelance
business lacks.
Action Steps:
1. Join FB and LinkedIn groups where your target market is hanging out.
4. Ask them about their business and be genuinely curious until they ask
you, ‘What do you do?”
Action Steps:
Watch Phase 7 of the 7-Phases Webinar which I posted right inside the
group:
https://www.facebook.com/groups/tfmfreeworkshop/permalink/1960373
94398719/
Note: Stop talking and start listening. About 90 percent of the call
should be YOU asking them questions about their business and your
prospect answering YOUR questions. Not the other way around.
Action Steps:
1. Get the work done.
3. Include several opportunities, leaks, bottlenecks, you think you can help
them with.
4. If they agree with your suggestions, let them know you can help them
implement it for a fee.