Subscribe to Entrepreneur for $5
Subscribe

Best Practices for Growing Cash Flow With Zero Business Development

By
Opinions expressed by Entrepreneur contributors are their own.

If you’re a startup founder, recently became an entrepreneur or content creator that has yet found a way to monetize your don’t despair, there are multiple ways to generate with little or even zero .

Recently, I caught up with Mark Schaefer, a globally-recognized keynote speaker, educator, and author of multiple best-selling marketing books including the best-selling book on in the world (“The Tao of Twitter”). Curious about a post titled “How I make money: My 18 sources of online revenue” written by Mark which led to a candid discussion to serve as advice and inspiration to those just getting started.

Surprisingly, Mark who has worked with 500 clients including , , and proclaimed to have been able to grow his business virtually with no business development and in the video below explains how you can too although Mark suggests that patience goes a long way too. 

Despite not doing traditional business development in the form of cold calling, Mark, in fact, monetizes his business through what he refers to as “authority,” or being viewed as an industry expert through his own blog and content which he says creates an emotional connection with potential clients. Aside from speaking on the topic of cash flow, Mark suggests that is critical and makes it a priority to devote 10 percent of his time mentoring others as a way to pay it forward.

Watch above for the complete interview with Mark Schaefer.

Latest

How One Small Button Can Transform the Creator Economy from a Buzz Word to an Actual Economic Model

The co-founder and CEO of PIP, a creator economy monetization solution, shares how his company is helping content creators get paid more easily.

This Company Wants to Pay You for Your Steps. Here's How it Works.

The co-founder and CEO of Sweatcoin explains how the company’s move-to-earn vision is helping people be healthier while also getting brands in front of 100 million users.

Javier Correa of Sombrero Mexican Food on Restaurant Expansion Strategy

Interview with Sombrero Mexican Food Owner Javier Correa Jr. on celebrity endorsements, finding an effective pace, and the balance of scaling a business.

Do You Inspire the Best in People? Apply for the Tony Hsieh Award

The Tony Hsieh Award seeks out progressive, value-driven leaders and innovators

3 Ways to Achieve 'Superhuman Focus' in Just Two Weeks

Focus is a valuable asset for any entrepreneur. Here's how to upgrade your energy, focus, and drive.

5 Questions to Ask Yourself If You're Thinking About Becoming a Health Coach

The chief revenue officer at the Institute for Integrative Nutrition shares how the program works and the myriad of ways you can use a health coaching certification.

Josh Altman and Matt Proman Are Teaming Up to Disrupt the Real Estate Industry

Serial entrepreneur Matt Proman and real estate mogul and 'Million Dollar Listing LA' star Josh Altman have joined forces to launch BidMyListing.com.

Robert "Don Pooh" Cummins of Brooklyn Chop House on Opening Restaurant Doors

Interview with the Brooklyn Chop House owner and franchising expert about working in the music industry, opening restaurants, and creating avenues for black entrepreneurs.

Feeling Unmotivated? 3 Biohacks to Supercharge Your Focus and Drive

Here's Ben Angel on the top three motivation myths and how to use biohacking to become more focused.

This Physician Wants to Change the Way You Carry Your Baby

Dr. Lena Shahbandar is a physician and entrepreneur who designed a new baby carrier to help parents and caregivers reduce back and joint pain.

Jennifer Allen of Levy Restaurants on a Commitment to Company Culture

Interview with Levy Restaurants VP of Restaurants Operations Jennifer Allen about running successful businesses, being a "restaurant girl", and her company's strong values.

How to Bounce Back After Any Setback with Biohacking

Here's Ben Angel on how to apply biohacking and neuroscience to take back control of your life.

Why Companies Need to "Onshore" to Ensure Sustainable Growth

Entrepreneur Network Partner Ashley Crouch sits down with Sidney Wheatley, CIO of the Private Family Office to H.H. Sheikh Mohamed bin Salman bin Abdulla bin Hamad Al-Khalifa.

How One Entrepreneur Is Bringing Back Old School Hospitality to the Hotel Industry

Hotelier Leo Grika shares his career journey, how he's customizing the hotel experience for guests, and his advice for aspiring entrepreneurs.

Discover Entrepreneur Series

Whether you need advice on how to get your business off the ground or you’re just looking for inspiration, our video series have something for everyone. Browse our library below to find a series that speaks to you and your interests.