When you hear a bold claim about scaling your organisation, usually it’s a marketing ploy by someone who wants to sell you marketing services. Although you might hear many business leaders today say things about scaling businesses, they usually charge you upfront and don’t have a strong guarantee because you can’t ever “guarantee” things in life.
How can you effectively scale your business?
What you’ll learn today is different. How to add an extra $1-5m for a client on an entirely performance-based model which means the client can only benefit from the interaction.
Eliminating ALL Risk is a Must
In business, it’s almost impossible to eliminate risk, it’s almost as if entrepreneurship and risk are the same things. Now many people can take calculated risks but there still are chances of it not succeeding. My business model involves eliminating all risk when it comes my company.
Not many business owners do this because they’re not confident enough in their service but for Master Scaling; they’re completely performance-based. This means you don’t pay them a dime upfront and you only pay them if and when they perform. This way they eliminate the fear of the client because they’re scared that they will get burned. However, if they don’t have to pay anything and Master Scaling can add an additional $1-5m in extra revenue.
Building a Repeatable System
Any business that doesn’t have a system where they can spend $1 and get $2, $3, $5, $7, $10 in return, is on a surefire route to NOT hit $1–$10m. Every client at Master Scaling has a client acquisition machine built where $1 goes in and $4, $5, $10, $15 comes out. Equipped with this level of certainty, adding $1-5m to your bottom line is a simple by-product.
Without a machine in place, you’re constantly chasing after the next customer, marketing tactic and you’re never fully prepped to scale. Systems are in place for every 7-figure business at least and are mandatory for every 8-figure business. You will not find a successful multi-million dollar business without systems in place. Usually, service providers will have systems for each department like finance, marketing, sales, fulfillment, operations, etc.
A common issue most people find when scaling is that they lack the proper infrastructure to be able to handle the extra clients. This is crucial because if you scale too fast and don’t have enough team members to properly fulfill for your customers, that’s a quick way to have a lot of bad experiences with your clients and for your success to go down the drain quickly.
It’s vital to know when to hire so that when you do scale, you’re putting the right people and systems in place to be able to handle the fulfillment aspect of it and have raving customers.
Royston G King is an entrepreneur, investor, philanthropist, and self-made millionaire. Royston G King has been around Tim Cook, Gary Vaynerchuk, Billionaire John Paul Dejoria, and Janice Howroyd. In fact, Royston has also received endorsements from Grant Cardone and Mr. Wonderful himself on the fact that in a few months he’s received over 100+ amazing reviews.