How I Grew my Virtual Business by 50% in 3 Months
In 2013, I boosted sales by 50% in 3 months, while also cutting my stress and workload by about 25%.
Before I get into the details of how to make money online, first you should know about a very special group of 15-year-olds running a Billion-dollar business.
Yes, that’s Billion with a “B”…
Miraculous Billion-Dollar Teens
In their personal lives they can be air-headed and make bad decisions clouded by hormones.
For some of them it’s a miracle they even graduate from high school.
When they yank on their work uniform suddenly they’re *the* heartbeat of McDonald’s, one of history’s greatest business successes.
Collectively, this teenaged staff (still too young to buy booze) are serving 70 Million people every single day!
…while getting almost ZERO complaints and making a tidal wave of sales… day after day after day… predictably, successfully, profitably.
You and I – as smart, proud entrepreneurs and salespeople – struggle to manage our load of 20 – 30 active prospects, projects, and customers at any given time.
We follow-up inadequately with new opportunities, we often ignore our best customers, and quickly fall behind on paperwork and filing taxes.
What’s wrong with this picture?
It’s simple. The solution is SYSTEMS.
Let me use fiery NASCAR driver Danica Patrick to explain…
Tim VS. Danica – It’s ON Like Donkey Kong
Let’s say Danica challenges me to a 1/4 mile drag race – fastest down the strip wins.
She gets to drive her fire-breathing, 750-horsepower NASCAR race car.
Me, a far inferior driver, is allowed to race my everyday, 200-horsepower Mustang.
I would get destroyed.
If we swapped cars, I’d crush Danica. Every. single. time.
How can that be? After all, she’s *such* a better driver than me!
Well, a car is nothing more than a big system, made up of a bunch of smaller systems: cooling system, fuelling system, steering system, etc.
When I’m driving Danica’s 750-horsepower race car, I’m a fairly average person running a world-class machine – just slam on the gas and keep it pointed straight down the track!
Because the race car’s systems makes it SO easy to go really fast, instantly I’m smoking Danica every single time.
When Danica’s in my (much, much slower) 200-horsepower Mustang, she’s a world-class driver running a fairly average machine. Even though she could handle so much more, she’s completely limited by the system she’s running.
And *this* is the major difference between entrepreneurs and McDonald’s….
You Are Handicapped By Your Systems
You are like Danica driving an everyday Mustang. You’re a world-class talent being completely held back by the systems you’re running in your business.
You’ve probably got ho-hum systems to get new customers / clients / investors.
Ineffective systems to complete paperwork and reporting.
Maybe even inefficient systems to produce your product / service.
They’re a bunch of 15-year-olds driving Danica’s 750 Horsepower race car – fairly average workers driving world-class systems, producing world-class business.
The Kids of McDonald’s make Billions while entrepreneurs burn the midnight oil scratching out a living. Always remember…
Stellar systems, driven by average people,
Will always beat
Stellar people running average systems.
My Path to Systems and Increased Profit
Since 2003 I’d read The E-Myth (Micheal Gerber), Built to Sell (John Warrilow), The 4-Hour Workweek (Tim Ferriss). All of these books were inspirational but short on details. I struggled.
My marketing business – Tim Francis Marketing – was growing. In 2012 it hit a plateau. I couldn’t possibly take on another stitch of work – I was maxed out. Or more accurately – my business model was maxed out.
Then in 2012, I read Work the System by Sam Carpenter, which rocked my world. Best book on small business systems out there. I immediately took the Work the System Group Coaching, offered by Sam Carpenter and Josh Fonger.
Over the course’s 3 short months I adapted the general lessons they taught – intended for any kind of small business – specifically for my 100% online, virtual business. I’m sure you’d agree running a business entirely online with staff around the world in multiple time zones is far different than a brick-and-mortar factory or warehouse.
With my first few systems in place, I was now ready to hire staff. I turned to HireMyMom.com and had two winning applicants working for me within weeks, each executing systems I’d created just a few weeks previous.
In the end, the revenue of my small marketing company soared by 50%, and my work week lightened by about 25% – from around 60 hours to only 45 hours / week.
Today the process continues. I haven’t reached Tim Ferriss’ 4-Hour Workweek, nor have I reached Sam Carpenter’s 2-Hour Workweek… yet. But I’ve made some colossal strides forward and sincerely hope I can help you learn how to make money online too.
Onwards and Upwards,
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Tim Francis teaches How To Systemize Your Virtual Business at http://www.SmoothOnlineSystems.com. Tim also runs his marketing company, which has clients in CAN, USA, and AUS, spanning from $150K in sales all the way up to $100MM.