Have you seen the popular TV show ‘Shark Tank’? If you haven’t yet, there’s a lot you can learn from it. For example, how to turn 6 figures into 7 for your business. This business reality show will teach you about business, investing, growing your business and more. You can think of it like ‘America’s Got Talent’ for doing business: entrepreneurs pitch their ideas in hopes of winning big investments for their companies.
You’ll see many success stories, and you’ll also see some millionaire wannabes too. You’ll even see people come back on the show, having previously failed.
Whether you’re a small or mid-to-large size business, you will walk away with loads of value. Since these are real deals, made in real life, you’ll know exactly what will work and what won’t in the market.
People will be willing to invest in your products or services if they buy into what you believe in. It takes a smart plan to convince a lot of people to open up their wallets.
If you want to know how to scale your way to a 7 figure business, you can follow lessons from ‘Shark Tank’ winners. These lessons will save you from costly mistakes, and guide you towards the right track with your revenue.
What differentiates every entrepreneur is the system they follow in their business. Those who are likely to win have done diligent research beforehand. It is their system that enables them to get to where they are, all within an impressive timeframe.
You too can follow a similar system on how to turn 6 figures into 7 in revenue and grow your business:
1. Position Yourself as a 7 Figure Earner
What got you to 6 figures won’t get you to 7 figures. To reach that level, you’ll have to position yourself as who you want to become.
Here’s a secret: you don’t have to hustle your way to 7 figures to grow your business.
What you need to do instead is to focus on your time better. Your time is more valuable. Since you only have 24 hours each day, it’s impossible to hustle harder to reach where you want to be.
You should spend your time bringing more value and impact to your audience; then you will position yourself as a go-to expert in your industry.
If you can position yourself, sales will happen a lot faster. This will also help you stand out from your competition.
While on your way to 6 figures, you were testing out the waters of your new business. Now that you know what’s been working, it’s time to share your growth.
This means that, by now, you should have more credibility and social proof. That’s enough to know that people enjoy your products or services. The next step, then, is reaching new customers.
Positioning helps with doing this. Even if you’re doing social media marketing, your positioning will expand your reach a lot faster. You’ll even get more people referring to you, as well as more recurring customers.
The biggest benefit is that people start coming to you, instead of you having to chase them in a cold market. You’ll be able to see the difference in opportunities.
2. Improve Your Marketing to Grow Your Business
f you’re a good marketer, you can pretty much get anything you want for your business. You can find out how to turn 6 figures into 7 by getting more exposure.
Even though some entrepreneurs didn’t win on ‘Shark Tank,’ they still got a lot of exposure from being on the show. They might not have won a deal, but those who like their ideas end up becoming customers. They might even have deals coming in from other companies.
People are often willing to get on ‘Shark Tank’ for the exposure, and not even expect to win. Once you’ve made an appearance, your business will have more online searches.
That’s how marketing works – it means getting in front of people who want what you have. Now, you don’t have to appear on a hit TV show to gain exposure. You can rely on word-of-mouth and visibility through other channels.
3. It’s Not Better Alone
There’s an African proverb that says: “If you want to go fast, go alone. If you want to go far, go together.”
With that said, it’s wise to build business partnerships.
There are many successful companies that rely on partnerships: for example, companies like Airbnb, Uber, and Apple.
Airbnb partners with homeowners; Uber partners with drivers, and Apple partners with app developers. Without these partnerships, their presence in the marketplace wouldn’t exist. Partnerships are what make them who they are.
The reason why these companies are successful is that they offer a solution to people’s problems. Not only that: they offer job opportunities too. It’s a definite win-win situation.
4. The Powerful Thing About Leveraging
There are two main ways you can leverage.
As we mentioned earlier, you can hire a team. You don’t have to have a big team or spend a lot of money on overhead expenses. If you find the right people to work with, they’ll be able to help you sustain more revenue.
What helps your team scale faster are successful strategies and execution. When everyone is equipped with the right skills, all your systems will be effective and this will help grow your business.
These systems are built on action steps and learning. They help your team avoid having to repeat the same mistakes again. Your workflow will then become faster.
Another way to leverage is through technology, specifically automation. If you’re wondering how to turn 6 figures into 7 without getting too involved, then leveraging automation is what you need to do. Which is something that GenTech Marketing Specializes that for you.
Taking your business to the next level requires you to act a certain way. If you want to earn more than 6 figures, you have to act like you already do.