The only 3 ways To grow any business!
Here's what I learned recently from my mentor Jay Abraham.
"There are only three ways to grow any business. Just three!"
Most people think that increasing business is a complex ...
Jay takes the complex and makes it super simple.
So what are the three ways to grow a business?
1. Increase the number of clients, get more new prospects into paying customers.
2. Increase the average transaction, get each client to buy more at each purchase.
3. Increase the frequency that the average client buys from you, get each customer to buy from you more often.
Just thinking of all your marketing and business activities as falling in one of these three categories will help keep you focused and will quickly give you a boost in revenues and profits.
Take an hour and brainstorm how to increase business and then to see in which of these three your ideas fall into. Doing this will help cement this concept, that’s at the heart of all of Jay Abraham’s work, in your mind.
Here’s the math used by Jay Abraham in his book, "Getting Everything You Can Out Of All You’ve Got":
1000 customers x $100 per transaction x 2 transactions per year = $200,000
So if you increase by 10% in each area:
1100 customers x $110 per transaction x 2.2 transactions per year = $266,200
Enjoy,
Gene Adam
Sincerely,
You passive income guy
Similar Articles
Categories
- book reviews
- book summaries
- copywriting
- funnels
- growth
- guides
- Habit Hacks
- headlines
- joint ventures
- list building
- millionaire secrets
- outsourcing
- Podcasts
- productivity tips
- programming in PHP
- publishing
- questions
- selling
- tests
- traffic
- videos
- writing and blogging
- uncategorized
Influencer Secrets Book
