{"id":15754,"date":"2020-03-12T20:33:57","date_gmt":"2020-03-12T20:33:57","guid":{"rendered":"https:\/\/mmil.wpengine.com\/?p=15754"},"modified":"2020-03-12T20:33:57","modified_gmt":"2020-03-12T20:33:57","slug":"is-your-business-set-to-be-a-cash-cow","status":"publish","type":"post","link":"https:\/\/makemoneyinlife.com\/is-your-business-set-to-be-a-cash-cow","title":{"rendered":"Is Your Business Set to be a Cash Cow?"},"content":{"rendered":"

Many people think that it takes years for a business to make money passively, in other words, become a \u2018cash cow\u2019. The truth is, if you do it right, your business could be a cash cow right from the get go. It\u2019s the dream of most business owners to make enough money to live comfortable each month without having to do much at all. If you answer these questions honestly, you\u2019ll know whether your business can do this for you\u2026<\/p>\n

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Have You Created Something Better Than What is Already Available?<\/b><\/p>\n

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There\u2019s nothing worse than a business that simply jumps on the band wagon and decides to sell what everybody else is selling. If this sounds like you, stop. NOW. These \u2018me too\u2019 businesses just can\u2019t understand how they aren\u2019t getting the same success as the businesses they\u2019ve copied. Let me tell you this for free: you can replicate a business, but you can\u2019t replicate success. Success comes from creating something even better than what is already available. Differentiating yourself in some way. Having USPs. You could even use a company like Risk Audit Professional Development<\/a> to help you work out if this is a good idea. Having a different name, logo, and colour scheme doesn\u2019t make you a different business if you\u2019re trying to cling onto another business’s success.<\/p>\n

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So, answer this question honestly. Have you truly created something better than what is already out there? Yes? You could have a cash cow my friend!<\/p>\n

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How Are You Going to Reach Your Audience?<\/b><\/p>\n

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Now, how are you going to reach your target audience? Wait, you haven\u2019t solved my first question? Go back immediately!<\/p>\n

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Although the first question could possibly lead you to the answer of this question, this question will never lead you to the answer of the first. Do you understand what I\u2019m trying to say?<\/p>\n

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Let\u2019s say you have solved the answer to the first question. Hallelujah! Now let\u2019s talk about reaching your audience. What marketing techniques are you going to use? It goes without saying that you\u2019ll need a professionally built website that offers a fantastic user experience<\/a>. But what else can you do? You\u2019ll need to decide on your tactics by knowing who your audience is and working out where is best to find them. Here are some ideas:<\/p>\n

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