Don’t Replace Revenue — Stack It (then Stack it Again)

Notes: income streams entreprenuer, incomes streams solopreneur, how to get clients entrepreneur, bad clients solopreneur, solopreneur creating boundaries, entrepreneur creating boundaries, stacking revenue, stacking revenue solopreneur, creating income streams solo business, small business income streams

Most professionals think growth means swapping one income source for a better-paying one.

Freelancers often leave one client to chase a higher-paying gig. Entrepreneurs pivot products, hoping the new one will cover the old one’s revenue.

Replacement thinking is typically slow and stressful. It carries enough risk to kill the joy you should feel if you truly are the master of your soul.

Stacking revenue is different.

Add streams, layers, and opportunities on top of what’s already working.

I worked as a service-based solopreneur for over twenty years.

That meant that every dollar was earned. If I didn’t get out of bed every day to do the work, the client would have no reason to pay my invoice.

I had one-time clients, project-based clients, and monthly clients.

My one-time clients hired me to build a website from scratch or do a speaking engagement. Project-based clients would hire me for a series of SEO strategies or marketing campaigns. Monthly clients hired me to be their digital marketing strategist or webmaster.

My monthly clients brought in a few thousand dollars each, and I had relationships with most of them that spanned over a decade. My project-based clients were another revenue stream of thousands of dollars per project, and then the one-time clients were usually larger five-figure price points.

I knew that I could always depend on $30k - $35k per month plus whatever one-time client or project I might choose to add.

The secret is never adding two clients at the same time, and firing the ones that don’t know what they are doing. “Bad clients” can be so needy that they will steal time that you could be giving to two dozen companies.

Every interaction with a client is an opportunity to train them.

I expect integrity from my clients: be on time, communicate effectively, be organized, and know your intentions.

I also have grace because we all deserve it. When I mess up, being given grace only makes me want to work harder.

When a meeting could have been an email, I kindly tell them.

When we waste time and money on a project, I offer resources to do it faster and more affordably next time.

When people aren’t on time, I wait 10 minutes, and I leave.

What this does is it creates boundaries and expectations for both parties.

Once those boundaries are established, you can start stacking clients and profits.

The key is to always make your client feel like they are your only client. The truth is that they deserve that.

Put that EQ to work and learn your clients. No two clients are the same.

If you drop the ball or you can’t juggle the work, then stop stacking or hit pause on hiring new clients.

Don’t let your clients suffer because of you.

The beauty of stacking is compounding. Each layer builds on the last, giving you more freedom, security, and options.

The extra money that you are making but don’t need to survive can now be invested in your future.

Instead of constantly chasing the next paycheck, create a network of revenue streams that work together: quietly, consistently, and powerfully.

Stay small, be consistent, and never replace what works.

Stack it, then stack it again, and watch your solopreneur momentum snowball.

If you enjoyed this note, sign up for The Stay Ahead Solopreneur’s Sunday Newsletter. Subscribe for free, weekly notes on how to stay ahead, make profit, skip the mistakes, and build a life on your terms — no hand-holding, just real-life inspiration.

Stephen J. Bailey, The Stay Ahead Solopreneur

I’m Stephen J. Bailey, The Stay Ahead Solopreneur™ ($7.2M) — creator of Eliminate Meetings™ and a leader in helping entrepreneurs, solopreneurs, and corporate teams reclaim time, focus, and freedom while increasing profit.

https://stephenjbailey.com
Previous
Previous

Make “Sunday Scaries” Your Moneymaker

Next
Next

“Staying Ahead” Handed Me a Six-Figure Solopreneur Career