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Aired on May 19, 2020
Episode 41
How To Create Fast Cash Infusions For Your Business
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For fast business cash, leverage your network for sales, sell excess inventory, rent out resources, explore loans and invoice financing, and use online platforms to sell digital products or offer freelance services.

How To Create Fast Cash Infusions For Your Business

Facing a cash flow crunch in your business? Need quick cash for urgent expenses or a new opportunity? You're not alone. Many entrepreneurs need fast cash infusions at times. Luckily, there are strategies to generate quick cash for your business. Let's explore some effective ways to create fast cash infusions.

Tap Into Your Network

Your network is a great resource for generating fast cash. Here's how to use it:

Offer Special Deals or Discounts

Promote a limited-time offer or discount to your network. People often support businesses when they get a good deal.

Ask for Referrals

Ask existing clients for referrals. Offer a reward for each new customer they bring. This expands your customer base and boosts sales.

Partner with Other Businesses

Partner with complementary businesses for joint promotions. This can open up a new customer base.

Monetize Your Assets

Your business might have assets you can monetize. Here are some options:

Sell Excess Inventory or Equipment

Sell any excess inventory or unused equipment. This frees up space and brings in funds.

Rent Out Space or Resources

If you have extra space or resources, consider renting them out. This can be a good source of passive income.

Offer Your Expertise

Offer consulting services or workshops. Entrepreneurs often pay for valuable advice.

Explore Financing Options

If you need more cash, consider these financing options:

Business Loans

Look into business loans like lines of credit or term loans. Compare rates and terms to find the best option.

Invoice Financing

Use invoice financing to get cash for unpaid invoices.

Crowdfunding

Use crowdfunding platforms to raise funds for a project. This also raises brand awareness.

Leverage Online Platforms

The digital world offers many opportunities for fast cash. Consider these online strategies:

Sell Digital Products or Services

Sell digital products like e-books or online courses. Use your website or online marketplaces.

Freelancing or Gig Work

Offer services on freelancing platforms. This can be a quick income source.

Online Marketing Campaigns

Run online marketing campaigns to promote your products. Use social media and email marketing to reach potential customers.

Conclusion

Creating fast cash infusions is possible with the right strategies. Tap into your network, monetize assets, explore financing, and leverage online platforms. Be proactive and creative. Every business faces cash flow challenges, but your response matters. Stay resilient and keep hustling to find the solutions you need.

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Biggest Takeaways:

  • You can launch simply and quickly without a fancy sales page or a ton of promotion or marketing.
  • In order for you to generate fast cash in your business, you need to learn how to sell better. Use stories, case studies, testimonials, social proof, be better at your conversations and understand why people are buying.
  • When you sell better, you can focus your efforts better and you get better results for the same amount of time, effort and energy.

Highlights:

  • How you can create programs and ask for referrals quickly [02:30]
  • What you can do instead of creating a longer term program [04:32]
  • What you can add on as a complementary offer to your current programs and services [07:46]
  • Why you need a tripwire for all your free resources [11:08]
  • Consider promoting what you already have and use [13:11]
  • How to leverage and monetize the skills you’ve acquire outside of your business expertise [20:05]

Bonus Resource:

30+ ideas to start generating cash in your business right now  – Making sales in your business doesn’t have to be hard. I get it. It can be tricky to figure out how to make some quick cash right now in your business. In this free guide, you’ll discover 30+ ideas to start generating cash in your business right now.

Join Sell With More Ease:

If you’re done with wasting time on tire kickers and desire to increase the closing rate on your sales calls and get your dream clients to work with you so that you can grow and scale your business faster than you ever have, click here to join the waitlist for Sell With More Ease and be the first to know when doors open!

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