5 Daily Money Making Actions for Your Business

I incorporated MMA’s or “money making actions” into my daily business routine a few years ago after listening to a business coach that I follow on social media (shout out to Shan Thomas THE Entreprenewher). It was the first thing I did each day after my personal morning routine (prayer, reading, exercise, etc.) Blocking out this time each day helped me to grow my business significantly and increase my monthly profits. So, what is a money making action or (MMA)? It’s simple, they are the tasks you do each day that generate income. MMAs are the things you do that actually make you money or at the very least put forth money making opportunities. Here are my 5 daily money making actions

  1. Invoicing. Super simplistic but sending invoices to new or recurring clients is a very easy way to make money and keep your cash flow going.. Ensure you have a good bookkeeping/invoicing system in place. Entrepreneurs lose money everyday but not sending invoices in a timely and/or not following up on past due invoices. As my business model has changed invoicing is pretty hands off for me these days. I have implemented automated processes for my billing. But I take time each morning to see what money has come in, check my emails to see if there were any declined payments and to ensure the automated emails are scheduled and sending properly.
  1. Pitching. Bringing in new clients is a sure fire money maker. Each day I pitch myself to prospective clients. It can be via email, sales calls or both (I recommend a combination). Find new businesses you are interested in working with. Do your research and send an email to “pitch” your services and show how you can best support that business. Ask to schedule a virtual meeting or call to speak with them more in depth. You should always be building new business. Even if you are at capacity keep building and develop a waitlist or a way to keep them in your pipeline. 
  1. Follow up. I always say the money is in the follow up. If you are not regularly following up with your leads and prospective clients you are leaving money on the table! It isn’t enough to just send a proposal or give someone your card at a meeting or networking event. If you want to close the deal you have to follow up. Pick up the phone and call them or at the very least send a text. Check in to ensure that proposal was received and see if they have any questions you can answer for them. After any event or meeting, I  follow up with everyone I am interested in working with within 24 hours. I want to ensure that you remember me and remind you that, “Hey, I’m available and ready.”
  1. Email marketing. You’ve heard it before from all the top performers but I’m going to say it again. Build your email list. A list of people interested in hearing from you, working with you, and buying from you is money all day. When people sign up for your email list they are literally asking for what you have to offer. Chances are your customer is not going to buy from you on the very first encounter. But, if you continue to nurture the relationship by providing valuable information and resources, when they are ready to buy you will be at the forefront of their minds. Let your list hear from you regularly. 
  2. Social media engagement. I spend 45 minutes every morning engaging on social media. I specifically look for people I want to connect with and follow them, like and comment on their posts and send a message to introduce myself to new followers or those I want to build a relationship with. I answer questions and provide value in groups so that I can show my expertise. Taking the time to engage on social media (not scroll aimlessly)  brings in new leads and shows you as the go to for whatever it is you do. Build and make connections. 

Before you take over the world each day knock out your MMAs and see how your business and your bank account grow.