What if I told you that there are only three ways to grow a business – and that you can do it in a manner that’s predictable and leads to exponential growth (and a massive increase in profits)?
Only 3 ways to grow a business…. Seems absolutely crazy, right?
Well it’s true. Here’s how:
- Generate More Customers
- Get Those Customers To Spend More
- Get Your Customers To Come Back More Often
Simple, isn’t it?
The problem is that most business owners tackle it backwards.
They focus on generating more customers, before they focus on making sure they’re profitable.
So why is that backwards?
Let’s look at it from the maximise then multiply angle.
If you go out and try to generate more customers, before you’ve improved the LTV (lifetime value of your customers), you’re always going to be limited by how much you can afford to spend on ads.
But if you first improve the LTV, you will be able to spend more than any of your competitors to generate a new client.
And the most powerful part? If you can increase each of those 3 areas by just 10%, then you will grow your business by over 33%!
Here, let me illustrate it for you.
Let’s imagine that every year you generate 1000 customers, you profit $500 from each one, and they purchase only once a year.
Now let’s increase each of those by 10%.
By just increasing each of those areas by 10%, you’ve grown your business by more than $165,500 profit!
By breaking this down into 3 easy steps, you’re able to add tremendous growth to your business.
But the most powerful thing is that it allows you to tap into scalable sources of customers.
Because when you can afford to spend more on marketing than anyone else in the industry, you will quickly dominate it.
This is exactly how I was able to break the 1 Million Dollar mark in my business and then grow even more…
Better yet, using this strategy, we’ve helped many many clients achieve their goals as well.
If you’d like help with identifying how to do this in your business and get guidance on how to implement it in your day-to-day activities, give us a call at 1300 680 223 . We can help.