According to research, carried out over 40 years, with 20,000 businesses, in 1,000 industries and sub-industries, which have generated >$30 Billion. (Jay Abraham)
There are ONLY 3 Ways To Grow A Business.
They are:
#1 Increase number of clients. (This is the Most Expensive, Least Effective & Time Consuming way to scale).
#2 Increase average transactional value. (Get them to buy more when they purchase).
#3 Increase frequency of purchase. (Get them to buy more often).
There are, to my knowledge 100 strategies for each of the above.
And, for each strategy there are >30 different ways to achieve each strategy.
Most businesses tend to utilise the same growth methods as their competitors and are, generally, using just ONE strategy to grow.
i.e. Sales, or Marketing, or Referrals, or Testimonials, or Endorsements etc.
Have you ever thought about using:
Co-branding
Co-marketing
Co-partnering
POP strategies
POS strategies
BOFE strategies
BEFE strategies
Loyalty programs
Risk Reversal strategies
Imagine putting one new strategy to work monthly, each with just 2 or 3 different streams of revenue.
What would your business look like then?
With 10 or 20 or more streams of revenue you become recession proof.
Increasing many streams of revenue just 1% is much easier and simpler than boosting one stream 20% or more.
Growing a business, increasing revenue, boosting profitability is NOT rocket science, in fact it’s fairly simple to do, I’m puzzled why so many businesses seem to struggle with this.
If you are a business owner and are serious about running a profitable business, as opposed to just owning your own job.
Let’s set up a free 45 minute strategy session:
www.bit.ly/strat45