Everyone loves a little quick cash infusion in their small business. Am I right??
We’ve done some brainstorming for you, so consider these solutions—using expertise, content, and relationships you already have—to increase your cash flow.
(And, great news, there are a lot more ideas where these came from!)
Create and sell online courses or guides or templates based on your expertise or industry knowledge.
Consider training materials, processes, how-to instructions, or lists that you use everyday in your business or with your clients. This expertise and knowledge has been honed by you through years of experience, trial-and-error, and practical use. Transform these valuable courses, guides, or templates into a digital product that others can use. Another plus? Once you get these items rolled out, they will provide you with passive income. Each sale will be a quick cash infusion without additional time or energy from you.
Charge extra for customized products or services tailored to individual customer preferences.
We love customized and personalized products and services that fit our needs, tastes, and preferences. Consider how you can enhance your existing services and products into ones that are curated especially for you customers. Small tweaks on your end can result in big gains for your business.
Host exclusive VIP days or events for your most loyal customers, charging an admission fee for premium access to your expertise, services or offerings.
Give special treatment to your most loyal customers! Whether it’s a training or coaching session with you, downloads from a library of your favorite digital resources, or access to limited edition or one-time-only products and services, treat your VIPs to an exclusive day or series of events.
Reconnect with former customers who may not have engaged with your business for a while. Offer incentives to encourage them to return or make new purchases.
Just like you were thinking about your loyal customers before, now turn your mind to your previous customers. Put yourself top of mind with these former clients and customers by reminding them of what you do, how you helped them in the past, and any new products or services you have added. Let them know you have missed them!
Sell excess or outdated inventory through clearance sales or special offers to free up cash.
This is an easy one! It’s a win-win because your customers get a great deal and you get to reduce inventory (and get a quick infusion of cash into your business).
Which one gets your wheels turning? Be sure to fill out the form to snag all 25 of our genius quick cash infusion ideas! Each one can be tailored to your specific industry and business model. Careful planning and execution can quickly generate extra income without borrowing money. Let us know what you tried and which ones worked the best. We would love to hear from you.