Explode Your Consulting Income


Here are just a few ways to increase and diversify your income from your consulting business.

1. Sell More Services to Your Existing Clients

Instead of spending all that time and money trying to get new business, why not try to sell more services to your existing client base?

If you are an accounting and tax consulting firm, for example, you likely have clients who need some assistance in their record keeping and documentation. In addition to your year-end tax services, could you provide monthly bookkeeping and financial statements, accounting system setups, training in accounting software, or other services to assist your client?

Monthly services, in addition to annually billed fees, will help you smooth out your cashflow and minimize the seasonal nature of your business.

2. Mass Market Your Advice by Productizing Your Services

Could you produce a folio, special report, newsletter, e-book, book, audio cassette, video, or course? If so, you could enjoy making money even when you're not billing for your time. While asleep or on vacation, the sale of your information products could be generating additional income for you.

Sell such products through direct mail, mail order, exporting, and Internet marketing (your own website, your own affiliate programs, eBay auctions, and so on).

As well as the passive, residual income that information products can produce for you, they also help establish your credentials as an expert. This, in turn, produces more consulting opportunities for you.

3. Perform Group Consulting

Seminars, workshops, and teleclasses enable you to help many participants in a cost-effective manner. In addition to paying for admission, your attendees may also purchase some of your information products or even become your regular consulting clients.

4. Consider Additional Markets

Could you sell your consulting services to federal, state, provincial, or municipal governments? Could you be an expert trial witness?

If you consult with local clients, could you extend your reach nationally or internationally by using the telephone and Internet?

These few ideas are a starting point for you to brainstorm all the possibilities for exploding your consulting income.

About the author:

J. Stephen Pope, President of Pope Consulting Inc.,
has been helping clients to earn maximum business profits
for over twenty-five years.

For more information about profitable consulting and other
Work at Home Small Business Ideas, visit:
http://www.yenommarketinginc.com/consulting.html

More Resources


03/28/2024
24 years after, Delta Assembly reverses accountant’s dismissal
Delta State House of Assembly has reversed the termination of appointment of an accountant in the employment of the State Post


more info


03/28/2024
Cupertino ‘accounting error’ leads to affordable housing dollars paying off lawsuit
More than $100,000 from the city’s below-market-housing fund was used to pay off a 2023 lawsuit.


more info


03/28/2024
SEOHAN Const. & Eng.co.Ltd's (KOSDAQ:011370) Conservative Accounting Might Explain Soft Earnings
Shareholders appeared unconcerned with SEOHAN Const. & Eng.co.,Ltd's ( KOSDAQ:011370 ) lackluster earnings report last...


more info


03/28/2024
‘I walked away from my 170K job’: This accountant quit at 41 to live off dividends from his $1.25 million portfolio — but is his plan possible for everyone?
Here's what it would take for a typical worker to follow his path to financial freedom.


more info


03/28/2024
Nikki Lewis Simon Speaks at Nareit REITwise: 2024 Law, Accounting & Finance Conference
/PRNewswire-PRWeb/ -- Greenberg Traurig Senior Vice President, Shareholder, and Chief Diversity, Equity & Inclusion (DEI) Officer Nikki Lewis Simon was a...


more info


03/28/2024
UWA accounting students offer free income tax help through Volunteer Income Tax Assistance program
For more than 20 years, the University of West Alabama has offered a hands-on learning opportunity for accounting students to prepare individual state and federal income tax returns at no charge to the taxpayer through the Volunteer Income Tax Assistance (VITA) program which receives grant assistance from the Internal Revenue Service through ImpactAmerica. According to […]


more info


03/28/2024
Tax Fraud Blotter: More EFIN messes
Farming it out; short circuited; California dreamin'; and other highlights of recent tax cases.


more info


03/28/2024
Stream It Or Skip It: 'The Accountant' on Netflix, with Ben Affleck...


more info


03/28/2024
Don Scholl, a Well-Liked and Respected Consultant to the CPA Profession, Has Died
Scholl, who retired about 15 years ago after serving as president of his own consulting firm for more than four decades, died March 27.


more info


03/28/2024
Ubiquoss Holdings' (KOSDAQ:078070) Conservative Accounting Might Explain Soft Earnings
The market for Ubiquoss Holdings Inc.'s ( KOSDAQ:078070 ) shares didn't move much after it posted weak earnings...


more info


03/28/2024
AI In Accounting Raises OT Exemption Questions
A recent surge in the use of artificial intelligence in accounting work calls into question whether professionals in the industry can argue they are no longer overtime exempt under the Fair Labor Standards Act, highlighting how technology could test the limits of the law for a variety of professions, say Bradford Kelley at Littler and Stephen Malone at Peloton Interactive.


more info


03/28/2024
The Accountant Cast & Character Guide
The Accountant has a galaxy of stars for a cast.


more info


03/28/2024
PayPal plans to appoint outgoing CEO of Big Four accounting firm to board (NASDAQ:PYPL)
PayPal plans to appoint Carmine Di Sibio, former CEO of Ernst & Young, to its board as an independent director.


more info


03/28/2024
Rocket Companies Names Noah Edwards New Chief Accounting Officer
Rocket Companies (RKT) has shared an update. Rocket Companies, Inc. has announced the appointment of Noah Edwards as the new Chief Accounting Officer, effective Mar...


more info


03/28/2024
Is The Accountant Worth Watching? Breaking Down The Ben Affleck Movie's Reviews & Rotten Tomatoes Scores
The Accountant is currently trending on Netflix.


more info


03/28/2024
A&M-Commerce Accounting and Finance Department hosts its Semi-Annual Town Hall Meeting
On March 7, 2024, the Accounting and Finance Department at Texas A&M University-Commerce hosted its semi-annual Town Hall Meeting, bringing together a


more info


03/28/2024
Ben Affleck Action Thriller 'The Accountant' Just Hit #1 on Netflix (and How Have We Never Heard of It?)
The 2016 action thriller 'The Accountant,' which stars Ben Affleck, is currently number one on Netflix's top ten movies list. So, how come this is our first time hearing about it? Read more here.


more info


03/28/2024
The biggest decisions young accountants have to make
Experts share what young accountants should look for in a firm and how to approach their careers.


more info


03/28/2024
Waldencast’s (WALD) Latest Admitted Improper Accounting Prompts Investigation Into Possible ...
SAN FRANCISCO, March 28, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Waldencast plc (NASDAQ: WALD) investors who suffered substantial losses to submit your losses now.


more info


03/28/2024
Mauldin & Jenkins Recognized Among Accounting Today’s 2024 Top 100 Firms, Regional
Listen to this article ATLANTA — Leading assurance, tax and advisory firm Mauldin & Jenkins is honored to announce it has been recognized as one of Accounting Today’s Top 100 Firms, Regional Leaders, and Fastest Growing Firms in the U.S. for 2024. These prestigious recognitions affirm that Mauldin & Jenkins’ continued growth and commitment to […]


more info


03/28/2024
NetSuite expands Text Enhance feature
NetSuite, during its SuiteConnect event in New York City today, announced that it is expanding its generative AI-driven Text Enhance feature with over 200 new places it can be applied.


more info


03/28/2024
Sweet 16 Matches Begin in Accountant Bracket Challenge
Only two of the four No. 1 seeds remain in the ABC Tournament as voting for the eight matches in the third round starts on March 28.


more info


03/28/2024
EisnerAmper to Combine With Tidwell Group This Spring
The deal between top 20 firm EisnerAmper and top 200 firm Tidwell Group is expected to close in May.


more info


03/28/2024
SEC cyber rules mean new steps for CFOs
New SEC cybersecurity disclosure rules are now in effect. Here's what CFOs should be doing to comply with the new requirements.


more info


03/28/2024
Strategies For Managing Your Bank Accounts Amid High Interest Rates
As interest rates soar to a more than 20-year high, many individuals are reconsidering best practices for their bank accounts.


more info



More Accounting Information:

Related Articles

Do You Need Accounting Software For Your Small Business
If you're anything like me then you dislike with a vengeance doing your accounts and taxes.
Do You Think That Your Workload Is Hampering Your Killer Marketing Activities?
You need an extra effort not the extra workload. Today when competition is high and consumers have many options to choose, an extra effort towards improvement of your product, managing your customers and taking care of other aspects of your business will give you advantage over your competition. You need to multiply your time may be you can keep your margin low, but will give you more volume and increase in your turnover.
Explode Your Consulting Income
Here are just a few ways to increase and diversify your income from your consulting business.
Five Leadership Secrets for Challenging Times
We consistently face new and ever growing challenges in the workplace such as reorganizing, downsizing, and "left out sizing." We are faced with the question, "How do we lead in this storm of change?" It may seem difficult at times and the decisions we make define our short-term and long-term outcomes. I will share with you five leadership techniques guaranteed to keep you on track during these difficult times.
Five Reasons to Incorporate a Company Offshore
When it comes to the term 'offshore' used in conjunction with company incorporation, the term 'offshore' generally refers to any jurisdiction other than one in which the company incorporated will conduct the majority of its activities.
Four Simple Steps To Better Results With Your Resume
Is every job description you read the same? No.
How to Choose the Right Accounting Software for Your Business
With any good luck and a good amount of hard work, you're having the same problem many business owners today are facing. Your business is growing rapidly and you're having problems controlling your finances. Time and time again, that Microsoft Excel spreadsheet you've been using just isn't getting the job done for you.
Bookkeeping
Bookkeeping is an essential skill which must be mastered before running a business of your own. It is not only important for tax returns and calculating the overall tax liability of your business each year, but it is also imperative for cash flow analysis and financial forecasting.
See Your Business Excel With Accounting Help
A known fact in the corporate or the business world is that the accountancy department of any firm or organization is the most vital department. When a business is set up, the person setting up the business thinks about the profits that the firm might make in the future.
Why Conventional Financial Statements Do Not Answer All Questions
An integrated understanding all of all the three components of a financial statement - Income statement, Balance sheet and a Cash flow statement is required to understand the operations of any business.
Check Out What A Cash Flow Statement Does Not Tell You
Cash flow statements alone do not tell you the whole story. Just knowing that cash has increased or decreased by X dollars does not tell us the whole story.
Spend Your Profit on Your Business
Businesses go under or go bankrupt, because of poor management and poor mapped out goals. You need to have a clear set of daily goals. Management should be in charge of making sure each set of goals is achieved. If management falls behind, so does the business.
Earn More With The Help Of Small Business Accounting
Handling accounts of any business is a Herculean task and requires quite a lot of expertise on the part of any accountant or bookkeeper. Due to the lack of time and hurry, many big or small organizations are approaching small business accounting firms, as these are more capable and also offer perfect solutions to any firm's accounting woes.
What Is GGAP And Why Is It So Important
GAAP is an acronym for generally accepted accounting principles. Financial statements are usually prepared in accordance with generally accepted accounting principles that have been codified over a period of time. It is the responsibility of the management to prepare the financial statements.
How To Read Financial Statements - Understanding Cash Flows
Cash flows, both inflows and outflows are the heartbeat of any business. Various groups of people focus on this. Lenders and investors, business managers and last but not the least, investors.