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đą Why business growth feels slow (and what to do about it)
Published 11 days ago â˘Â 4 min read
Hey, it's Cindy, and this is where we take a deep dive into the business systems that make creating both time and financial freedom easier. Thanks for reading. If this newsletter was forwarded to you, you can subscribe here.
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Several years ago, when I returned from a conference (shoutout to my NAMS friends, I miss you!), the husband asked, âDid you get any new clients?â
At the time, I was a virtual assistant, and this conference was the gathering place for my ideal clients: online marketers.
âNo new clients,â I admitted, disappointed.
Hereâs what I was too impatient to recognize: I was sowing seeds. They werenât ready to harvest yet, but they would be soon.
Not long ago, I was talking to a coaching client about content marketing. She has risen to my challenge and is consistently publishing blog posts, a newsletter, and LinkedIn content. After a few weeks, she wasnât getting as much engagement as she wanted and was disappointed in the results.
I asked what her specific concerns were:
Too few likes and comments made her worry she was wasting time on LinkedIn.
Too few newsletter signups made her think her content wasnât appealing.
Too few new clients made her think the entire exercise was pointless.
âShouting into the void,â was the phrase she used on a particularly rough day.
What the numbers say
The first question to ask when things arenât going as planned, is âWhat does the data say?â
I hear from clients and customers and friends all the time that their marketing isnât working, but when I ask for the numbers, they often say, âitâs just a gut feeling.â
Iâm sorry, but your gut feelings are useless here. Show me the facts, so we can make a plan to improve it.
Looking at my clientâs content marketing data, we could see that her LinkedIn engagement was in line with other creators in her space. She might have felt like it should be better, but the reality is that sheâs right on track.
Newsletter subscribers? While there hadnât been a huge influx of new subscribers, her list was growing, if slower than sheâd like.
(As an aside, why do we think that list-building is supposed to mean 843 new subscribers at a time? Real list-building looks more like a quiet summer drizzle than a raging monsoon.)
Finally, I asked her about her newest client. Where did they come from?
LinkedIn.
Uh, huh.
How to know whatâs working
All the heart-centered, creative entrepreneurs might not like what Iâm about to say, but fire up those spreadsheets my friend, and start tracking what matters:
Opt-in page conversion rates and email list growth
Sales page conversion rates
Churn rate (if you have a membership or recurring coaching program)
Revenue (how much do you earn every month?)
Cost per lead (if you use paid ads)
Lead source (is Instagram really working for you?)
Content reach (how many people see your blog or listen to your podcast every week?)
You absolutely cannot make good business decisions without knowing these key performance indicators (KPIs). Theyâll tell you if youâre on track and exactly which areas of your business need attention if youâre not.
Donât overcomplicate it. You donât need a fully automated Notion dashboard to know where your clients are coming from. A Google sheet will do. Choose a few meaningful stats to start with, and be consistent with tracking them.
Knowing your numbers will help you make strategic, data-focused decisions that donât depend on gut feelings.
And rememberâŚ
Sow seeds now, harvest later
I did not come home from that long-ago conference with a new client. I also didnât come home from the next one with a new client. But the third one?
Thatâs the year I came home and quit my day jobâsomething that never would have happened if I didnât show up and sow the seeds first.
If youâre showing up and it feels like no one is listening, keep going. Track your stats. Look for trends. Adjust as needed.
â¤ď¸ P.S. If you could use some support, here are a few ways I can help:
ââJoin my Six-Figure Systems communityand get instant access to an entire library of system-focused resources to help build, grow, and scale your business. Youâll also get live Q & A calls, mindset coaching calls, and monthly Action Labs to build momentum.
âSchedule a one-time, âGet Unstuckâ call. Bring me your biggest frustration about your existing business systems, and weâll solve it together. Youâll walk away with an action plan to get you to the next step.
Need something else? Hit reply or email me directly at cindy@cindybidar.com. I read and respond to every one of your emails, and I genuinely would love to hear from you.
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Hey, it's Cindy, and this is where we take a deep dive into the business systems that make creating both time and financial freedom easier. Thanks for reading. If this newsletter was forwarded to you, you can subscribe here. If you prefer, you can read this article online. Sponsored by: Brain.fm Transform Your Focus With Brain.fm We know youâre always on the hunt for tools that genuinely improve your lifeâwhich is why we're excited to introduce you to Brain.fm's groundbreaking focus music....
Hey, it's Cindy, and this is where we take a deep dive into the business systems that make creating both time and financial freedom easier. Thanks for reading. If this newsletter was forwarded to you, you can subscribe here. If you prefer, you can read this article online. Sponsored by: Brain.fm Transform Your Focus With Brain.fm We know youâre always on the hunt for tools that genuinely improve your lifeâwhich is why we're excited to introduce you to Brain.fm's groundbreaking focus music....