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10 Signs You’re Ready (or Not Ready) to Scale Your Online Business
Episode 446

10 Signs You’re Ready (or Not Ready) to Scale Your Online Business

Your Dream Business · Teresa Heath-Wareing

March 16, 202611m 31s

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Show Notes

In this episode, I talk about how to know whether you’re truly ready to scale your online business — or whether it might be better to focus on strengthening your foundations first. Scaling is often talked about as the next logical step in business growth, but I explain that it doesn’t have to mean building a huge, low-touch company. In fact, I share why I personally love smaller, higher-cost, high-touch programs and how they can still scale in a meaningful and sustainable way.   I walk through five signs that show you’re ready to scale, including having a proven offer you’ve sold multiple times, reaching capacity with delivery like one-to-one work, and having real clarity about your audience and the problem you solve. I also share five signs that you might not be ready yet, such as constantly changing your niche, lacking consistent leads, or not having a repeatable sales process. By the end of the episode, you’ll have a clearer understanding of where you are in your business journey and what your next best step should be. Teresa Heath‑Wareing regularly shares strategies for growing online businesses through her podcast and teaching.   3 Key Takeaways:   A Proven Offer Is the Foundation of Scaling Before you scale, you need an offer that has already sold successfully multiple times. When you know people want it and it consistently delivers results, you have the confidence and data needed to expand it.   Consistency Creates Growth Opportunities Scaling becomes much easier when you consistently show up with content and have a reliable strategy for growing your audience. When people clearly know what you’re known for, your visibility and authority naturally increase.   Strong Foundations Matter More Than Speed If you’re still changing your niche, struggling to generate leads, or don’t yet have a repeatable sales process, scaling may not be the right move yet. Taking the time to strengthen these foundations will make future growth much easier and more sustainable.   If you’ve ever wondered whether you should scale your online business now or focus on strengthening your foundations first, this episode will help you assess where you are and decide on the smartest next step.   LINKS TO RESOURCES MENTIONED IN TODAY’S EPISODE Connect with Teresa on Website, (Grow, Launch, Sell), Sign up to Teresa's email list,  Instagram, LinkedIn, or Facebook, Subscribe to my Youtube or take the Quiz  

Transcript

When most people come into the online industry, they dream of having an online business that they can scale, but how do you know if your business is ready to scale? In today's episode, I'm gonna be sharing with you the five signs that you are ready to scale, and the five signs that tell you probably not to scale just yet. If we have not met, my name is Teresa Heath Wareing and I work with course creators, membership owners and coaches to help them grow their online businesses. And that's the dream in most cases, to have an online business that you can grow and scale so that you make something once and you sell it over and over and over. Now, before we get into that, actually just one quick thing that isn't necessarily the dream for every online business. I have an online business, and when I first came into it, I dreamed of having that massive launch with those thousands of people coming through the doors and all buying, and I realized the more I got into business, the longer I did this. I've been in business now 11 years, actually, that doesn't fill me up. That doesn't make me happy. One of [00:01:00] the things that makes me truly happy is that I know the people I work with so well. I know who they are, what their business is, who their customers are. I normally know if they have children, what their partners are called, what they like to do on a weekend. I get to know the people in my audience and the people who buy my programs really closely because for me, the people that I work with, they've bought a lot of courses, they've done a lot of the things, and it's still not working. And the only way that. You can actually make it work, or the only way that we can start to understand is for someone like me, an expert in this industry like me, to come into your business more and to understand you more, buying another course or buying another program where you are just another face on a Zoom screen is not gonna move you any further forward than you are now. There is no magic trick that that online expert says they've got that is going to help you launch. There is no one. Thing that is going to help [00:02:00] you grow your business. It really comes down to what is working for you, your audience, your offer, your price point and the way that you like to work and show up. And when you have someone that takes that into account, then they can help you with all the tools that you've got and go. That's the one I would focus on or double down over here. So. Actually, my dream did start to have a big course that I sold, or a big program that I sold, and I created it once. I could sell it over and over and over and over, and actually in reality, that doesn't make me happy. What makes me happy is working with people closely and having a smaller program so I can do that. Which means it's a higher cost program. Anyway, I just wanted to add that caveat because if you are looking at this going, actually that isn't what I want, then that makes perfect sense and that is fine, and I just thought I'd share my story on that, but. We can all scale. Okay, so yes, I want a program where it's very high touch, but there is still room to scale. So how do you know if your business [00:03:00] is ready to scale or not? Here are the five signs that you are ready to scale in your online business. Sign number one, you have sold your offer a few times and a few is a hard one because like if it's a low cost offer, then you probably want to sell it quite a few times. If it's a higher cost offer, then you only might need a handful of people to do it. But you know, it works. That is one of the most important things. In order to scale anything, we've got to have tested it and we've got to know that it works, and we've got to have experienced the thing and gone through the thing. So number one, you have an offer that you've sold a number of times, and you know the offer works. Number two, you are at capacity with your one-to-one or delivery. Often when people say to me. If they work in a one-to-one scenario or in a group coaching scenario, should I put my prices up? One of my first questions for them is, are you full? Right? Because if you're full, that is a sure sign that you could probably put your prices up. The same for whether you can scale your online [00:04:00] business. If you are at capacity with your higher touch things and more people wanna work with you, then there might be something that you could be having, or there might be a funnel you can put them into. To give them a different offer. So if you're at capacity with your one-to-one or at delivery, then yes, you are probably ready to scale. Number three, sign that you are ready to scale your online business is you know your audience really well and you know what their problem is that you are trying to fix. If you are not a hundred percent confident on this, then. Scaling is probably not for you at this point because in order to scale, we've got to know exactly who we're talking to because basically it's just amplifying what we're doing. It's just basically doing more of what we're doing or talking to more people. So if we are not. Talking to the right people or we're not talking to them about the right problem that they have, then scaling isn't gonna help that. Number four, you have been creating consistent content and [00:05:00] people know you for your thing when they think of your name. So when someone thinks of my name, I want them to think launching. I want them to think growing an online business. If people can't do that about you, they might need some more work that you need to do. But if you have been showing up constantly, if you've been creating content and you are known for your thing, then great, you are very much ready to scale. And number five. If you are growing an audience, IE you are doing a consistent growth strategy. And it doesn't have to be something crazy. It could be as simple as posting on social media, doing YouTube, having a podcast, whatever it might be. But if you are growing your audience. And you have an audience, then yes, you are ready to scale. If you wanna understand a little bit more personalized information of your business, where you are, and if you are ready to scale, then if you're watching YouTube scan at the QR code here or click the link in the comments and it will take you to my quiz. The quiz is all about whether [00:06:00] you are ready to scale your online business, and it will give you an action plan of things to do to help you get to the next step of your business. As I've said, either scan the QR code or head to Theresa Heath wearing.com/quiz and you can take the quiz, okay, onto the five signs that you are not ready to scale your business. Number one, you are changing your niche or offer regularly and you haven't been consistent with an offer or a niche for a while. This comes down to almost. One of my last points of if you're ready to scale, if people don't know you for your thing, then it's gonna be really hard to scale. If you've changed your niche a lot, if you've changed your offer a lot, it's going to be really hard to scale. So you are not ready if you have been constantly changing your niche. And your offer. Number two, you have no consistent lead flow, so you have no consistent way of getting people onto your email list. If you are not constantly bringing in people or constantly being [00:07:00] visible or finding ways to be visible, then it's gonna be really hard for you to scale. One of the most important things about scaling is either having the audience. Or the money to accelerate that audience. IE through things like meta ads. If you don't have either one of those things at this point, then it's gonna be really hard. 'cause you do need that audience. So if you don't have a constant way of bringing people onto your email list, that's gonna stop you from scaling. Number three, you have no repeatable sales process. So even though one of the things I talk about is launching and I see a lot of content online that talks about how exhausting launches are, and you don't have to launch and you shouldn't launch. Launches for me have been really, really effective. And for my clients, it's not to say it's the only way, 'cause it absolutely isn't. We talk about evergreen as well. However, launches are a sales strategy and we're. The way I teach launching is we build out the launch and then we repeat it, and we repeat it, and we repeat it. So it's not as [00:08:00] exhausting as you might think in the first place. So the first time you do it, there's a lot of work, a lot of moving pieces, a lot of things that you need to know and understand. But once you've done that, you can just rinse and repeat. So if you don't have a rinse and repeat way, whether it's evergreen or launching, or whatever it might be in order to sell. Then it's gonna be incredibly hard for you to scale. Number four, you are still trying to validate your customer's problem. As I talked about at the beginning of this episode, if you don't know really clearly what your customer's problem is, you are going to find it very hard to scale because as I've already said, scaling is just amplifying what is already working. And if you are not confident and know exactly what your customer's problem is, the chances are you're not. Effectively selling to them. And that means you can't amplify that if you haven't got a really clear pathway of, okay, this is the problem they're trying to fix. This is the offer I'm giving them, and this is the way I'm selling the offer. You are not gonna be able to [00:09:00] scale if you don't have those things in place. So you need to be really confident. What is. The problem I am fixing. And number five, if you feel like you've done it all by flute. Now this one has got a caveat on it. I have worked with some people where they have come to me with a really successful online business that they have managed to grow and they want to scale it further. But actually. They managed to do it without any of those other things in place. Now, ordinarily they do have an audience, which is very important, but they haven't done the launches as I would talk about doing launches. They haven't got the sales funnel as I would talk about it. However, they've got to that point and they want to scale so. Often what happens at this point is I have to go back and almost reverse engineer what they've done to date. Because what they've done to date is obviously worked in some capacity, but then bring in some of those foundations. So it's almost like they've managed to build this house without the [00:10:00] foundations in place. And now I'm going in and underpinning it. I'm going in and looking at it going great. If we could just put this thing in here, then that's gonna make that so much stronger and therefore we have got capacity to build. An even bigger house than we've got now. So if you have got there by what you deem as fluke, it might not be, it might be that you have an amazing strategy, but if you have grown and thought, this is awesome, and I've built this online business and I'm not entirely sure I've done it, it's not that you can't scale, it's that you might need someone like me to pull it all apart and work out why it works and how we can then use that information. To scale it further. So I would love to know, after listening to the five things that are signs that you can scale and need to scale, and five things that mean you probably are not in a position to scale, where are you right now? Like, how many of them are you ticking off? What kind of things do you need to work on? If you are watching this on YouTube, I would love you to let me know in the comments which of these things you need to work on in order for you to. Scale or whether you are ready to scale. And if you're listening on the podcast, then please [00:11:00] come and tell me in my dms over on Instagram, which is where I am the most. And don't forget to go and do that quiz where you will get your own report on what you are missing and what you need to work on in order to scale your online business. If you're watching YouTube, here's that QR code again for you to scan. And if you are listening on the podcast, then go to series, either wearing.com/quiz to take the quiz. I will be back next week with another episode. Until then, have a great week.