Building Additional Revenue Streams (Part III)
Sign Up Now as a CILFO Translations Affiliate
Keith Cunningham, a guest speakers at a Peak Potentials Guerilla Business School, stated that the number one reason that most businesses fail is that they run out of cash before they can be made to work.
Cunningham's presentation was just brilliant in its simplicity. It exemplified the type of quality that Peak Potentials delivers when you attend one of their Millionaire Mind Intensive training sessions.
It occurred to me as I listened to Cunningham's presentation that meeting planners are in a unique position of leverage because they have access to their clients' money.
Leveraging a Fiduciary Position
Meeting Planners often 'capture' their clients' revenue stream(s) by receiving meeting registration payments. This is especially the case with the collection of credit card payments, which easily represent more than 50% of total registration fee payments collected for any given event. But this cash flow need not be restricted to payments received by credit card. In fact, a properly worded service agreement between the meeting planner and the client should empower the meeting planner to receive client funds.
In addition to collecting an administrative fee for every credit card payment processed, meeting planners get to 'use' the cash flow generated by an event until it is time to remit the funds to the client(s).
Beyond Cash Flow Capture
The process for capturing client flow simply requires a properly worded service agreement with the client. (See Key Cash Flow Clauses In Meeting Planning Contracts.)
§ Credit Card Transaction Services
An often overlooked segment in the range of services required by meeting planning clients. Every event has an accounting dimension. The larger the event, the more labour intensive the task becomes. Accounting and Bookkeeping Services anyone?
§ Price List Supplies (Stationery; Couriers; Postage; Photocopying; Long Distance; etc.)
An often overlooked segment in the range of services required by meeting planning clients. Every event has an accounting dimension. The larger the event, the more labour intensive the task becomes. Accounting and Bookkeeping Services anyone?
Building Additional Revenue Streams continues:
• Marking up Outsourced Supplies
• Add-On Business Lines
See also:
• Building Additional Revenue Streams (PART I)
• Building Additional Revenue Streams (PART II)
• How To Buy Printing
• Translation Affiliate Program for Meeting Planners
Additional Information Content in Translation Guides |
|
|
| |
Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth (Hardcover) by T. Harv Eker (Author)
Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth – "Secrets of the Millionaire Mind" reveals the missing link between wanting success and achieving it!
Have you ever wondered why some people seem to get rich easily, while others are destined for a life of financial struggle? Is the difference found in their education, intelligence, skills, timing, work habits, contacts, luck, or their choice of jobs, businesses, or investments?
The shocking answer is: None of the above!
In his groundbreaking "Secrets of the Millionaire Mind", T. Harv Eker states: "Give me five minutes, and I can predict your financial future for the rest of your life!" Eker does this by identifying your "money and success blueprint." We all have a personal money blueprint engrained in our subconscious minds, and it is this blueprint, more than anything, that will determine our financial lives. You can know everything about marketing, sales, negotiations, stocks, real estate, and the world of finance. But if your money blueprint is not set for a high level of success, you will never have a lot of money-and if somehow you do, you will most likely lose it! The good news is that now you can actually reset your money blueprint to create natural and automatic success.
"Secrets of the Millionaire Mind" is two books in one. Part I explains how your money blueprint works. Through Eker's rare combination of street smarts, humor, and heart, you will learn how your childhood influences have shaped your financial destiny. You will also learn how to identify your own money blueprint and "revise" it to not only create success but, more important, to keep and continually grow it.
In Part II you will be introduced to seventeen "Wealth files" which describe exactly how rich people think and act differently than most poor and middle-class people. Each Wealth File includes specific steps for you to practice in the real world in order to dramatically increase your income and accumulate wealth.
If you are not doing as well financially as you would like, you will have to change your money blueprint. Unfortunately your current money blueprint will tend to stay with you for the rest of your life, unless you identify and revise it, and that's exactly what you will do with the help of this extraordinary book. According to T. Harv Eker, its simple. If you think like rich people think and do what rich people do, chances are you'll get rich too!
Using the principles he teaches, T. HARV EKER went from zero to millionaire in only two and a half years. Eker is president of Peak Potentials Training, one of the fastest growing success training companies in North America. With his unique brand of "street smarts with heart," Eker's humorous, "cut-to-the-chase" style keeps his audience spellbound.
People come from all over the world to attend his sold-out seminars, where crowds often exceed 2,000 people for a weekend program. So far, Eker's teachings have touched the lives of more than a quarter million people. Now, for the first time, he shares his proven secrets of success in this revolutionary book. Read it and grow rich!"
Give me five minutes, and I can predict your financial future for the rest of your life! How? By identifying your personal 'money and success blueprint.'
-T. Harv Eker, from "Secrets of the Millionaire Mind"
In this life-changing book, you will learn how to identify and revise your own money blueprint to dramatically increase your income and accumulate wealth. By using these proven principles T. Harv Eker went from zero to millionaire in only two and a half years. Read it and grow rich!
|
|
If you have surplus proofing and editing books or language reference material, why not list it FOR SALE in the TRANSLATORS' STORE on FreeTranslationClassifieds.
|
CILFO Translation Bookstore
Find New and Used Translation Books and Multi-Language Reference Material in the CILFO Translation Bookstore.
|
If you have surplus translation books, translation software or translation reference material, why not list it FOR SALE in the Translation Classifieds TRANSLATORS' STORE.
CILFO Translations Spanish Translation Bookstore
With 150 million Spanish speaking people in North America and an estimated 40 million+ of them surfing the internet, it may be time to avail yourself of some Spanish language resources. Find a Spanish language website translation service near you.
Have you surfed the web in South America lately? Do you know what your Spanish-speaking markets are thinking or what your competitors are saying and doing in other languages? Translation software isn't just for translators. Give your business a competitive advantage with any one of the high quality language translation applications available in the amazon.com powered Translation Classifieds Software Store.
View a selection of the world's leading Translation Software brand name applications:
|
The Traveling Linguist
"When in Rome..." Get maximum value out of your travel dollars, Nothing beats being prepared and there's no experience like mixing with the locals. What better place to find the language travel resources than on a website frequented by linguists and the global linguistics community.
|
|
Translate any text or Web page directly from your desktop!
Lonely Planet Language Guides
|