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Kristin Boss
Hey there.
I know if you're like a lot of my listeners, you're listening here week after week, maybe binging my podcast and trying to take all the notes and really implement it into your business. But here's the thing. There's something between knowing what to do and actually doing and following through and trying to piece everything together on your own. Well, you don't have to do that. I don't want you struggling any more than you have to be. Which is why I want you to check out the Hub.
The Hub is the ultimate place for.
You to learn the foundational habits and skills such as connecting, building relationships, writing content, and how to sell without feeling icky in the online space. It is the ultimate place for you to learn the sustainable habits and business skills in the social selling space. The other offer you need to look at is if you are ready to expand into your cold market, grow your audience, learn the skills of lead generation talking to a target market, and learn sustainable business strategies that really are evergreen. No matter what business model you're in, you're going to want to check out the Social Selling Academy. The links are in the show notes. Of course we have all kinds of testimonials because I've helped thousands of students just like you, so be sure to check that out. Now back to the show.
Unknown
I see you with brand new eyes. No, I've never been so sure. Take my head, let's run into the unknown. This is the beginning.
Kristin Boss
You're listening to the Kristen Boss Podcast. I'm your host, Kristin Boss. As a best selling author and performance coach, I'm on a mission to share about sustainable and purposeful approaches to both business and life. Each week I bring relevant topics that I believe are necessary to create a life of purpose, significance and meaning. Entrepreneurship is about so much more than growing your bottom line.
It's about who you are becoming in.
The process and building a life that is truly extraordinary. Entrepreneurship is really just the beginning.
Hey bosses. Welcome to another episode of the podcast. I just got back from the most fantastic and fun lake trip with my family in Minnesota. You guys, lake life is a good life for those of you who do. You know, your boating on the weekends and having a blast in the summer. I get it.
Unknown
I get it now. I love it. I had the best time making memories.
Kristin Boss
With my kids, my family. I think it might be a tradition that we keep up with. So all my Minnesota people who might be listening, you guys got it Good. In the summer, I don't want to go there. In the winter, I Feel like Colorado. We have it pretty good in the winter. Anyways, I want to talk about something.
Unknown
Different I'm doing for the next few episodes, and it's going to be a mini series released in three parts where I'm going to be talking about the three different paycheck plateaus that happen in this business. It's not if, it's when and depending on when you choose to address the problem, like addressing it and getting ahead of the problem. I kind of want to give you the. The warning signs of when the plateau.
Kristin Boss
Is coming and what you can do.
Unknown
To correct it before it actually becomes a problem. And if you're in the current paycheck.
Kristin Boss
Plateau, how to get out of it quickly.
Unknown
Because no matter what, these plateaus are guaranteed to happen.
Kristin Boss
So today is going to be about.
Unknown
Paycheck plateau number one, and then next.
Kristin Boss
Week, paycheck plateau two, and then the third week, paycheck plateau number three.
Unknown
So I'm gonna talk about what it.
Kristin Boss
Is, why it happens, and what you.
Unknown
Need to do to solve for it.
Kristin Boss
All right, so let's talk about paycheck plateau number one. We're gonna take you into your earlier.
Unknown
Season of starting social seller.
Kristin Boss
You're excited. You have tried the product.
Unknown
Someone told you about the business, and this is where people kind of get hung up. They're like, well, what if I came.
Kristin Boss
To this for the business and I.
Unknown
Didn'T have a product or a story.
Kristin Boss
Or, you know, a win with my product right away and I just started.
Unknown
Talking about the business? That's fine.
Kristin Boss
It still applies here.
Unknown
But I think you need to know this.
Kristin Boss
So whenever you start this business, you come into this business having already established a network of connections and trust, and.
Unknown
Depending on how social you are, how plugged in you are with your communities, how active you are, that determines the size of your trust network when you first come to this business. So let me give you an example.
Kristin Boss
Somebody who has been hiding in their house since COVID doesn't really socialize, isn't.
Unknown
Really out there meeting people, spends most of their time scrolling, maybe engaging in.
Kristin Boss
Some forums and just hiding on their Kindle.
Unknown
They're not going to have a large trust network coming into this business because they haven't been talking to a lot of people. They haven't built a lot of rapport with a network where they're like, oh, Kristin is somebody who, whenever she recommends.
Kristin Boss
A restaurant, a product she likes, or.
Unknown
An experience, I listen to her and.
Kristin Boss
I do what she says. So knowing that, I think it's important.
Unknown
To first Go in with an honest.
Kristin Boss
Assessment of what is my current and.
Unknown
Active trust network that I currently have going into this business.
Kristin Boss
So some of you, you're comparing yourself to others who are like getting customers very quickly.
Unknown
And what you aren't taking into account is what their trust network looked like before they joined this business. Which is why some people that are already creating content, sharing about products they.
Kristin Boss
Love, you know, influencers, however you want to say it. If they're people that are already social.
Unknown
Getting to know people, getting to know people, adding value to their communities, when they decide to share about a product, they see a fast return on them, sharing that with their network because they've already been giving value to their network in some capacity before they decided to monetize from their network. Now this is the thing guys, if you ever want to monetize from a network, whether it's in person or on social media or in the business place.
Kristin Boss
What selling is, is, it's an exchange of value.
Unknown
So they give you something that they value, which is their time and their money, in exchange for a product that has a certain amount of value. Now in order for them to surrender something that they value, like their time, their effort, their energy, their money, they have to see you as somebody who can give them value. So if there's an exchange of value.
Kristin Boss
We have to look at how many.
Unknown
Relational deposits or valuable deposits have you been making into a specific network before you make a withdrawal?
Kristin Boss
It's, I've, I've, I've heard people use this expression like, like having a bank account. Like if you have nothing in the.
Unknown
Bank and you go to make a.
Kristin Boss
Withdrawal, there's literally nothing to take out of the bank. But you have to be able to.
Unknown
Work and actually make deposits, consistent deposits. And when you make a withdrawal, you have to make sure you're not depleting the entire bank.
Kristin Boss
And if you do deplete the entire.
Unknown
Bank account, then you have to work on building up the account again, which is like growing an audience, growing trust.
Kristin Boss
Creating that like no trust factor with people. So when you come into this business.
Unknown
The moment you decide to say, sure, I'll talk about this product, or sure, I can make a couple extra hundred dollars a month online. It's your responsibility to be self aware.
Kristin Boss
Of what your network, how hot your network is. This is also, also partly why I.
Unknown
Built the seven day Content to Conversations challenge, because it actually is a litmus test for your network. It tells you how much trust you currently have with your network. What's your engagement look like, how much rapport do you have and how ready.
Kristin Boss
Is your network to buy from you?
Unknown
And so that whole seven day challenge, not only is it a litmus test, but it also helps wake up your audience and teaches you kind of the mechanics of what it means to be somebody who deposits value in the world.
Kristin Boss
Now I will say when you coming.
Unknown
Into this business model, when you're deciding.
Kristin Boss
To sell online, I don't care what.
Unknown
Amount you want to make from it, you have to put on your business owner hat. Even if you're like, but I only want to make a hundred dollars a month, you still have to think as a business owner.
Kristin Boss
And this is where I think people.
Unknown
You know, quit too soon or they get frustrated, they don't understand, like, oh.
Kristin Boss
Well, if I don't have a lot.
Unknown
Of value that I've been putting into.
Kristin Boss
My network, then if I'm just to.
Unknown
Make a post about this product, it would be unfair of me, not just to myself but to my audience to expect them to buy from me with their hard earned money in the first post.
Kristin Boss
Now I think our audience was more forgiving when cash was maybe more readily.
Unknown
Accessible, when there was different conversations around.
Kristin Boss
On the market and you know, finance rates and we're also in an election.
Unknown
Year so people are very much still spending their money.
Kristin Boss
They just want to want to spend.
Unknown
Money on things they value. So if you are not getting customers, there's likely something going wrong in the value equation. You're either not giving them enough value where they, they don't trust you yet.
Kristin Boss
You haven't put a lot of, you know, you haven't created a lot of relational equity in order to with withstand, you know, making a withdrawal on that.
Unknown
Relationship or you, they just don't understand.
Kristin Boss
The value of what your product is. So all that to say is when.
Unknown
You come into this business, you have that established initial trust network and depending.
Kristin Boss
On how social, how valuable, how interactive.
Unknown
You bent with your community tells you roughly how large your pool is. Now some people come to this business.
Kristin Boss
With a very large pool and it takes a long time for them to see, for them to hit the law.
Unknown
Of diminishing returns with that pool.
Kristin Boss
You might be like, Kristin, what is.
Unknown
The law of diminishing returns?
Kristin Boss
It means eventually more effort doesn't give you greater results.
Unknown
In fact, it hurts your results. So there is a point where you can be making a lot of posts with a network that you have a lot of trust with and eventually if you haven't grown that network, you're eventually.
Kristin Boss
Going to tap out on how many Interested people are in your network.
Unknown
And so depending on how big that pool is, kind of tells you how.
Kristin Boss
Long you're going to be able to kind of survive, so to speak, with that specific pool of people.
Unknown
So let's say you have a trust network of a hundred people.
Kristin Boss
When you enter this business, those a.
Unknown
Hundred people, you'll probably hit the law of diminishing returns.
Kristin Boss
Meaning like kind of market saturation within.
Unknown
Your own network faster than somebody who has a network of a thousand people.
Kristin Boss
Does that make sense?
Unknown
All right, so this is where paycheck plateau number one comes in, is people get excited. They're so excited to share.
Kristin Boss
And they are like, well, I saw.
Unknown
My friend post about the product and.
Kristin Boss
It made me interested, so that's all I'm going to have to do too.
Unknown
Post about a product and my friends will be interested. Well, it depends on, again, how value you've been to your network and how social you've been. If you haven't been social, if you.
Kristin Boss
Haven'T been giving people value, you're going to get nothing but crickets.
Unknown
And this is why I have the.
Kristin Boss
Seven day Content to Conversations challenge to.
Unknown
Kind of teach you how to change that dynamic.
Kristin Boss
Okay, now let's say you get your nibbles. Like some people that have been social, they have their initial network of people. And this is what I'm going to.
Unknown
Call the first wave of customers. These are your first people that buy from you, become your customers, get excited.
Kristin Boss
Some people call this your dirt list. Like, you could sell dirt and they'd still buy from you.
Unknown
I think we're out of the dirt list era.
Kristin Boss
I don't think anybody's buying products to.
Unknown
Do you a favor anymore. People are only buying things that they truly want, period.
Kristin Boss
They're not going to buy something just.
Unknown
Because they like you. Maybe your mom, maybe.
Kristin Boss
Okay, but your first wave of customers is people who you have had the.
Unknown
Have the most relational equity with and that you've given the most value to. Okay, so this is where we see our initial small search.
Kristin Boss
Now, some people, they don't see a surge at all. And they think, oh, no, everybody hates me.
Unknown
Nobody wants my product.
Kristin Boss
What did I do? I should leave.
Unknown
No, that's not the problem. The problem is, is that your audience.
Kristin Boss
You'Re coming on the scene, asking for a sale when you haven't created that relationship with them yet.
Unknown
It's too soon.
Kristin Boss
They're like, whoa, too soon. It's like, you know, meeting somebody on a first date and within, like going from a handshake to A kiss in.
Unknown
Five seconds and being like, whoa, whoa.
Kristin Boss
I wasn't ready for that yet.
Unknown
You're just moving in too soon.
Kristin Boss
So it doesn't mean like, oh, no, everybody hates you. It's like, oh, I see what happens here. I got a. Okay, I got to show up consistently. I got to add some value to the marketplace, all right? I got my work cut out for me. So we have our first wave of customers. And this is when I think people can have, depending on the response of.
Unknown
Their market, they can have a misguided sense from that point of how they.
Kristin Boss
Think their business is going to go. So if they're like, they get 10 customers, you know, in their first, you know, 60 days, they're like, wow, this is easy.
Unknown
This is great. You're excited, you're on a roll.
Kristin Boss
You're like, heck, yes.
Unknown
Maybe you hit your first rank in the company. Maybe you made your first hundred dollars.
Kristin Boss
Maybe you're like, wow, this is amazing.
Unknown
And then fast forward and suddenly your posts aren't getting the traction and the engagement that they used to.
Kristin Boss
Suddenly, no one's messaging you anymore. The people that were willing to host parties, they've already done it. They've told their.
Unknown
They've already, like. And you've said, hey, is there anybody.
Kristin Boss
Else you know that'd be willing to host a party? They're like, nah, I've already told everybody.
Unknown
I've told people.
Kristin Boss
So you're like, oh, crap, hold on here. I've taught all my friends and family.
Unknown
They all know what I sell, they all know what I do. All my hosts have, like, hosted. And there's.
Kristin Boss
I've hit a saturation with how many.
Unknown
Products they can buy at a certain time.
Kristin Boss
And by the way, it's natural for people.
Unknown
Even if you sell a consumable product, you can't expect a perfect order history.
Kristin Boss
Because people are imperfect. So they're going to miss doses, they're going to skip a week, and you're going to get a phone call or a text that says, oh, you know what? I got to skip my order this month. I've got way too much supply of this.
Unknown
And when you haven't created a robust.
Kristin Boss
Customer base, you suddenly become very attached.
Unknown
To their ability to order that month.
Kristin Boss
Or not being like, what do you mean? Oh, can I introduce you to a different product? What about this? What about this? We become very needy in our transactions.
Unknown
With them, instead of service oriented, being.
Kristin Boss
Like, great, I'm so glad that you.
Unknown
Are stocked up on this.
Kristin Boss
Would you like to.
Unknown
There's another product that you could maybe be interested.
Kristin Boss
How else can I serve you? That's it. But this is what happens when, after.
Unknown
The first wave of customers, there's a very natural, normal lull.
Kristin Boss
And this is when people are like, oh, no, what do I do?
Unknown
And then they start thinking, maybe it's the economy, maybe it's the price.
Kristin Boss
I don't know what I'm doing.
Unknown
And I find that this person is still relatively consistent. Because some of you, like, I preach consistency all day.
Kristin Boss
And what's so fascinating is I've gone and I've audited some.
Unknown
Some people, and I've seen their posts, and they're actually very consistent.
Kristin Boss
But when I look at how they're showing up, I'm like, oh, I see.
Unknown
Exactly why people aren't buying from you. You're way too informational. Everything you talk about is about your product. I don't see you giving value. There's no hooks in your captions. And I can see how you're not drawing people in.
Kristin Boss
You're actually pushing them away. So I want to say, hey, good job on being consistent, but now we got to work on our quality. At first, you got to work on.
Unknown
Like, consistency, and then the second step of consistency is then to work on.
Kristin Boss
The quality to improve the results.
Unknown
Okay, so this is paycheck plateau. Number one is when you have gone.
Kristin Boss
Through your trusty list of people that.
Unknown
You feel comfortable talking to.
Kristin Boss
Because a lot of people say, kristen, I've talked to everybody I could possibly talk to. I'm like, oh, no.
Unknown
What you've actually done is you've talked to everybody that you feel comfortable talking to, and you don't know how to.
Kristin Boss
Have conversations with people that you're not.
Unknown
Super familiar with or you don't have.
Kristin Boss
A friendship with yet.
Unknown
And this is where people start. Their faces start to melt, and they're.
Kristin Boss
Like, what do you mean? What do I have to do? Does this mean I have to be spammy? Does this mean I send the copy, copying copy and paste messages to people?
Unknown
Does this mean I send a script? No, no, no, no, no.
Kristin Boss
None of it. What you've actually happened is you're now.
Unknown
In what I call a market transition. And with every market transition, if you are not ahead of the game, there.
Kristin Boss
Is a paycheck plateau.
Unknown
And depending on how long it takes you to adjust to the market transition.
Kristin Boss
Will determine how long you were in the valley of paycheck plateau misery, wondering, what happened? Why is my paycheck going down? Why are my customers not consistently ordering with me?
Unknown
And this can happen.
Kristin Boss
It happens at different times for everyone.
Unknown
Someone's like, well, this happened to me at six months.
Kristin Boss
Will this happen to me in six days? It depends on the size of your.
Unknown
Trust network when you start.
Kristin Boss
Okay. And so with this market transition is this tells me, okay, listen, how you.
Unknown
Talked to your good friends and you.
Kristin Boss
Making a post being like, oh my gosh, I'm so excited. I've never felt better. Well, your mom or your cousins or your friends down the street, they're like.
Unknown
Oh my gosh, what? Why are you feeling so good? I want to hear that type of posting doesn't land the same with your broader warm market. People that aren't in close proximity to.
Kristin Boss
You, people that aren't like close friendships with you.
Unknown
These might be people that you see.
Kristin Boss
In passing or people that you're Facebook.
Unknown
Friends with, but you never see their.
Kristin Boss
Posts and you're like, oh my gosh, I haven't talked to them in like 15 years.
Unknown
This is who I'm talking about. They don't care about you posting suddenly.
Kristin Boss
Like, being like, I've never felt better.
Unknown
They actually need a reason to consume your content.
Kristin Boss
Especially in today's day and age when.
Unknown
Right now, like, people are so lazy in their scrolling and their engagement that to get people to take the extra.
Kristin Boss
Effort to just like or comment is shocking to me.
Unknown
Which is why we can't always go.
Kristin Boss
Off of likes and comments because that's.
Unknown
Only a small percentage of people who.
Kristin Boss
Are actually seeing your content, but they're just too lazy to like or comment.
Unknown
You can't get too hung up on on that. Okay, so the market transition is realizing, okay, I'm no longer talking to my closest friends and family. I'm now talking to my broader warm market, which means I need to change up my content strategy.
Kristin Boss
Whereas before you can just kind of talk about whatever, maybe you're inspirational, but here, now, you actually have to be somebody who creates value, who does strategic.
Unknown
Content creation and takes people on a journey so that you can create curiosity, so that they are asking you questions. The most important skillset you can have.
Kristin Boss
In the social selling space, in the.
Unknown
Business space, period, is creating curiosity create getting somebody to think, wait, what's that?
Kristin Boss
I wonder why, like, not giving all the answers, some of you like, in your desire, Because I think it comes from a good place. You're like, if the more information I.
Unknown
Give people, the better it will help them make a decision. Which in fact, it's the opposite. If you give them too much information, their brain shuts down and they decide to make no decision whatsoever. Their brain goes into overwhelm and then.
Kristin Boss
Actually they start to hear white noise.
Unknown
They don't even see it. I was actually auditing someone's post recently.
Kristin Boss
And she's like, I'm super consistent.
Unknown
Why isn't anybody buying from me? And I went and scrolled her feed.
Kristin Boss
And I said, oh, because your posts.
Unknown
Are so long winded it reads like a giant run on sentence.
Kristin Boss
I my eyes glaze over. You don't have something that's compelling for me to read? I'm my eyes glaze over and I just scroll by.
Unknown
This is why you actually have to learn to do a different type of content when you hit a market transition. So what is the solution here?
Kristin Boss
The solution is realizing I have to go and talk to people.
Unknown
I now need to be social and I now need to network with people.
Kristin Boss
Outside of my immediate comfort zone. And that is, and if, unless you.
Unknown
Decide to expand who you talk to and get out there and be more strategic with your content and think about.
Kristin Boss
Okay, how does my con, how, how.
Unknown
Can I serve them? Make their day? Save them a Google search. That's what value is.
Kristin Boss
You might be like, you might be really confused on like what's value.
Unknown
Value is simply can, can you save them a Google search?
Kristin Boss
Give them a good reason, like giving them a life tip, a hack, something to get them to think differently.
Unknown
Educating on something that's not about your product but that would make their day better. Thinking about solving a problem for them that's not related to the product.
Kristin Boss
But you just. Because when you solve problems, they just.
Unknown
See you as a problem solver.
Kristin Boss
Some of you have like, for example, gut health products.
Unknown
You don't need to be a wizard.
Kristin Boss
Of gut health for someone to trust.
Unknown
You to try your gut health products.
Kristin Boss
You can be a hair expert where you're just sharing all your favorite hair tips. And because you're sharing your hair tips and they're like, wow, this is so helpful. You know, ever since I started sleeping.
Unknown
With a silk pillow because you told.
Kristin Boss
Me to and you know, leaving my mask, my hair mask in, you know, a couple minutes longer, my hair is.
Unknown
Better and healthier than ever, they now see you as a problem solver.
Kristin Boss
So in their mind it's easy for them to be like, well, if you.
Unknown
Helped me with my hair and you talk about gut health products and you.
Kristin Boss
Even say, hey, and another way to do this is by having collagen and.
Unknown
Caring for your gut and these are.
Kristin Boss
The favorite products I use, well, you.
Unknown
Helped me with my hair. Why wouldn't you help me with my gut?
Kristin Boss
So now I have trust because of.
Unknown
How you helped me with my hair. There's another podcast episode called the Bridge of Trust. I highly recommend you listen to that.
Kristin Boss
Episode because it deals with consumer psychology.
Unknown
And how to position yourself as somebody.
Kristin Boss
As a problem solver so that people want to buy from you no matter what. All right, so first paycheck plateau is.
Unknown
When you've gone through your hot leads, your friends and your family, and you're in the oh, now what?
Kristin Boss
The now what is time to be social.
Unknown
Time to add value and be more strategic and stop asking the same customers to keep buying from you and start broadening your audience to expand your customer base.
Kristin Boss
All right, friends, if you found this helpful, share with a few friends.
Unknown
And if you haven't taken the seven.
Kristin Boss
Day content to Conversations challenge to give.
Unknown
You the litmus test.
Kristin Boss
You guys, it's.
Unknown
It's pay what you want. It could be as little as a dollar.
Kristin Boss
The average person's paying five bucks right now, but I promise you, it's worth way more than that. People are getting team members, new customers. It is the perfect litmus test to understand where your audience is and what the mechanics are to start operating differently.
Unknown
Outside of your immediate friends and family.
Kristin Boss
All right, guys, we'll catch you in the next episode.
Unknown
This is the beginning.
Kristin Boss
That's a wrap for today's episode.
Listen, if you love what you heard.
Here today, I would love for you.
To leave a real quick rating and a review.
This helps the show get discovered by new people. Be sure to take a screenshot of today's episode and shout us out on Instagram. We'll shout you right back out.
If you'd like to find additional resources.
Or discover how to work with me, head to www.kristenboss.com.
Unknown
It starts right.
Podcast Summary: The Kristen Boss Podcast - Episode 219: Mini Series: Paycheck Plateau #1
Host: Kristen Boss
Release Date: July 15, 2024
Description: In this episode, Kristen Boss launches the first installment of her three-part mini-series on "Paycheck Plateaus," targeting everyday entrepreneurs and business owners. She delves into the challenges entrepreneurs face as their initial surge of business growth begins to slow, offering insights and strategies to overcome these common obstacles.
Kristen begins by announcing a new mini-series focused on the three different paycheck plateaus that entrepreneurs inevitably encounter:
"I'm going to be talking about the three different paycheck plateaus that happen in this business. It's not if, it's when."
[03:17]
She emphasizes that understanding and addressing these plateaus proactively can prevent prolonged periods of stagnation.
The first plateau typically occurs during the early stages of building a business when initial excitement meets reality. Kristen outlines the symptoms and causes:
"Paycheck plateau number one is when you've gone through your trusty list of people that you feel comfortable talking to... and you're in the 'oh, now what?'"
[21:34]
This phase is characterized by a slowdown after reaching out to close friends and family, leading to questions about sustaining growth.
A critical factor in overcoming the first plateau is evaluating the size and strength of your existing trust network. Kristen explains:
"Whenever you start this business, you come into this business having already established a network of connections and trust... that determines the size of your trust network when you first come to this business."
[04:07]
She advises entrepreneurs to assess their current relationships and understand how deeply their network trusts and values them.
Kristen introduces the concept of the law of diminishing returns in the context of social selling:
"It means eventually more effort doesn't give you greater results. In fact, it hurts your results."
[09:18]
She warns that without expanding the network, continued efforts to sell within a limited group can lead to reduced engagement and sales.
Discussing the initial surge in customers, Kristen highlights how saturation occurs once the immediate network has been tapped:
"Your first wave of customers is people who you have had the most relational equity with and that you've given the most value to."
[11:17]
As these early customers are exhausted, finding new buyers becomes challenging.
Transitioning from selling to close contacts to a broader audience requires strategic adjustments:
"The market transition is realizing... you need to change up your content strategy."
[17:54]
Kristen emphasizes the need for creating curiosity and strategic content to engage a wider, less familiar audience.
Kristen offers actionable strategies to navigate and overcome the first paycheck plateau:
Expand Your Network:
"Time to be social and add value and be more strategic."
[21:40]
Enhance Content Quality:
"Stop asking the same customers to keep buying from you and start broadening your audience to expand your customer base."
[21:43]
Provide Value Beyond Products:
"Value is simply, can you save them a Google search? Give them a good reason, like giving them a life tip, a hack."
[19:57]
Position Yourself as a Problem Solver:
"When you solve problems, they just see you as a problem solver."
[20:22]
Kristen also recommends participating in her "Seven Day Content to Conversations Challenge" as a litmus test to evaluate and enhance audience engagement.
While consistency in posting is essential, Kristen underscores the importance of content quality:
"Good job on being consistent, but now we've got to work on our quality."
[14:44]
She points out that merely posting frequently without offering genuine value can alienate potential customers.
Kristen wraps up the episode by reiterating the inevitability of paycheck plateaus and the importance of proactive strategies to sustain business growth:
"First paycheck plateau is when you've gone through your hot leads... now what? Time to be social, add value, and expand your customer base."
[21:34]
She invites listeners to engage with her challenges and resources to better navigate these business transitions.
Key Takeaways:
Assess Your Trust Network: Understand the foundation of your existing relationships to gauge potential business growth.
Recognize the Law of Diminishing Returns: Be aware that focusing solely on a limited network can lead to decreased engagement over time.
Embrace Market Transitions: Shift your strategies as your audience grows beyond close contacts to maintain momentum.
Enhance Content Strategy: Focus on creating valuable, curiosity-driven content that appeals to a broader audience.
Position as a Problem Solver: Offer solutions and value that extend beyond your immediate products to build trust and authority.
By addressing these areas, entrepreneurs can effectively navigate the first paycheck plateau and lay the groundwork for sustained business success.