This is all about the 3 ways in which you can grow your business. Taken from Jay Abraham.
How many ways do you think there are to grow a business? 10? 100? 1000? I have good news for you. There are only 3 ways to grow a business.
Did you know that there is only three methods for building a company? Increase the number of customers, increase the average order size and increase the number of times people buy.
If you ever get the chance to work with the world's best consultants you will notice that the solutions are always so easy and obvious.
Here are three ways in which you can double your current customer base. The fastest way to increase your customer base is simply to take a look at what is already working for you and do more of it.
One of the best ways to do this is by finding your best online traffic source and then doing twice as much of it. In fact max it out. Take a look at your analytics, find out what is working and take action.
The next leverage point is all about increasing the average order size. Here are three great strategies. Again very simple, however most businesses do not do it.
There are people out there who do not like spending $100 on anything. There are also people who would spend $100 at the drop of a hat if it would give them a good return.
On the flip side there are also people who spend money with no thought. Find out where those people hang out and tailor your marketing to that specific prospect.
The final leverage point is all about how to increase the number of times people return to buy from you. Too many business owners obsess with just getting new customers.
Remember this: Your very best customer is the one you already have. Recurring products and services are the secret to real wealth.
Take a look at what your competitors are doing for ideas. Is there a way you can really improve this person's life that also happens to have a recurring component to it.
How many ways do you think there are to grow a business? 10? 100? 1000? I have good news for you. There are only 3 ways to grow a business.
Did you know that there is only three methods for building a company? Increase the number of customers, increase the average order size and increase the number of times people buy.
If you ever get the chance to work with the world's best consultants you will notice that the solutions are always so easy and obvious.
Here are three ways in which you can double your current customer base. The fastest way to increase your customer base is simply to take a look at what is already working for you and do more of it.
One of the best ways to do this is by finding your best online traffic source and then doing twice as much of it. In fact max it out. Take a look at your analytics, find out what is working and take action.
The next leverage point is all about increasing the average order size. Here are three great strategies. Again very simple, however most businesses do not do it.
There are people out there who do not like spending $100 on anything. There are also people who would spend $100 at the drop of a hat if it would give them a good return.
On the flip side there are also people who spend money with no thought. Find out where those people hang out and tailor your marketing to that specific prospect.
The final leverage point is all about how to increase the number of times people return to buy from you. Too many business owners obsess with just getting new customers.
Remember this: Your very best customer is the one you already have. Recurring products and services are the secret to real wealth.
Take a look at what your competitors are doing for ideas. Is there a way you can really improve this person's life that also happens to have a recurring component to it.
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