6 Keys to 6 Figures — The Anatomy of a $100k Month In An Intuitive Business
Ready to scale your intuitive business to finally match your dreams?
In today's episode, Michelle runs through what it looks like to make $100K with Holisticism's business model, and the six keys to accomplishing this in your own business.
If you don't have a business yet or are spreading yourself too thin trying to juggle multiple revenue streams, following the six keys outlined in this episode can simplify your business goals and many other parts of your life in the process. If you're leaking money, then you're leaking energy.
While we can do anything, we can't do everything, so bring your pen & paper, your laser focus, and let's talk about scaling your business to match your dreams.
My intention in sharing this list is to shine a light on a potential pathway to making six figures in your own business if that's important to you. I also want to share this because while I don't think money is the most important thing in the world, it is important. We live in a capitalist society right now, and in order to do things in the world, we need resources. We need capital. We need money to do that and we have the opportunity to change the narrative around currency, making money, and wealth. We have the opportunity to reinvest that wealth and those resources into our communities, into our families, into our friends, and to the people, organizations, and ideas that we care about. — Michelle Pellizzon
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Listen to the episode on Apple Podcasts, Spotify, Anchor, Breaker, Google Podcasts, Pocket Casts, and RadioPublic
If you're curious about how to relate to money while identifying with anti-capitalist values, check out our episode "Running an Intuitive Business with Anti-Capitalist Values and Money Talk with Samara Kasai" where Michelle and Samara Kasai (of Kasai Thrive) go deep on discussing using anti-capitalist values to build their intuitive businesses, reframing their money mindsets and relationships to wealth, busting through the idea of S.M.A.R.T. goals as the only way to goal set, and their unpopular opinions on money in "Wellness" communities.
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SHOW NOTES
Making peace with needing money and making money & wealth in a capitalistic society [9:07]
Structure - This is not something you stumble into. Making $100K involves creating a repeatable and reliable structure [13:18]
Expenses - You do need to spend $ to make $ [14:13]
Income streams — what streams are you looking at to create and build a six-figure month in your biz[15:14]
Expenses - Software expenses, SEO website tools, salary, operating expenses, etc. What do you need to operate your business? [15:26]
Working with freelancers and how Michelle prefers to work with people [18:31]
Payment processors and what's worth it [19:45]
Spending money on creating systems that allow you to scale is OK [22:10]
Revenue streams - Having a diverse set of revenue streams is important for the health of your business [22:48]
Making money with products vs. a service - Typically people start with a service and move into a product-based business [24:15]
Breaking down Holisticism's revenue streams - The North Node, [25:27]
The benefits of a monthly recurring revenue stream [26:22]
Where the business loses money and why it's worth it [27:53]
Making money through affiliate sales [29:30]
What the company makes monthly - It fluctuates and that's OK!!! [30:23]
The factors that create six-figure months at Holisticism [32:09]
Key #1: The first key to making your six-figure month and how your personal and business's energetic waves play a big component in making it happen [33:07]
What does a repeatable and reliable sales process look like for you? While running an intuitive business, this is something that you get to define for yourself [34:48]
Key #2: Be focused and intentional - the second key! There's no shortcut here [36:23]
Getting clear on your value proposition - What are people really paying you and your business to do? [37:50]
Key #3: Simplicity over complexity.The power of saying no and knowing when to say it. You can do anything, but you can't do everything. Why simplicity is key to getting where you want to go [42:00]
How to audit what you're paying for, half it & why. You don't have time to invest in everything at once and focus on what matters in the here and now [43:15]
Key #4: Consistency & reliability - the key to consistent and reliable revenue to create inevitable revenue [44:32]
Key #5: Radical Generosity - How to step into asking yourself to be radically generous in your business to create more abundance [48:01]
Key #6: The sixth key to a six- figure month is being SCRAPPY! Don't roll over and give up the fight. You need to advocate for your creations and yourself [51:15]
Leaving space for intuition to help us when things aren't going according to plan [54:44]