Consider this question. How many ways are there to increase revenue in your business?
If you are like most business owners, you would probably say something in excess of one hundred!
Well, let me make it simple for you. Infect there are ONLY Three ways to Grow Your Business Revenue
1. You increase the number of customers
2. You increase the Conversion of leads
3. You increase the number of times the customers buy per year.
Everything you do to market your company boils down to one of these three things.
“Let’s look at some math that more carefully explains this.”
We’ll look at a business called XYZ Soft that currently generates:
Rs 60,00,000 in annual sales with 3,000 customers (from 15,000 prospects), an average of Rs 2000.00 per customer transaction, and a 20% closing percentage.
So let’s look at each of the ways to grow XYZ Soft business using some math and assuming they desire 25% growth on an annual basis:
Scenario 1
Add 25% more new prospects. 15,000 prospects (25% more prospects) = 18,750 prospects… which converts into 750 more customers times the average Rs2000.00 per customer = Rs15,00,000 in increased sales (25% more).
By the way, that is only 62 customers a month, or about three a day for this business. if they are open only 5 days a week!
Is it difficult to gain only three more customers a day?
Scenario 2
Increase your conversion rate (closing percentage) of prospects to customers by 25%. By increasing, XYZ Soft’s closing percentage by 25% (an increase of 25%), we will result in 25% more sales. Here is how it works… It took 15,000 prospects to close 3,000 (20%) customers for XYZWidget.
If we take the same 15,000 prospects and close 25% of these customers…that means XYZ Soft ends up with 3750 paying customers at Rs2000.00 current average per customer…or: Rs75,00,000 in annual sales, an increase of Rs15,00,000! (25% More)
Scenario 3
Increase the value of each customer by 25% 3000 customers, with an increased value (average sale) of Rs2500 per customer, or 25% more per sale per customer, = Rs75,00,000 in annual sales… or Rs15,00,000 in increased sales.
What if you could get 10% of your 3000 customers to come back and buy again at least once? 300 repeat customers times Rs2000 average per sale = Rs600,000 MORE in annual sales…
What if they came back twice?
Do you see the beauty of the system now? Just adding Rs500.00 per transaction to a business that already averages Rs2000.00 per transaction gets you 25% more sales annually.
Do you have a product or “added–value” service that could help you do this with your own average sales transaction?
What are you doing to get them to come back and spend again?
Each of these 3 scenarios assumed a 25% increase in each area of business growth independently.
And that is not even the best part of the Exponential Growth Blueprint Program. The best part is…
EXPONENTIAL GROWTH BLUEPRINT WORKS ON ALL THREE WAYS TO GROW YOUR BUSINESS EXPONENTIALLY AT THE SAME TIME.
As business owners, we know how easy it is to become so involved in the day-to-day operations of our company that we overlook many of the marketing assets that are right there in front of us.
These “Hidden Marketing opportunities” may be in many different forms, if they are properly leveraged and optimized, these assets could easily produce an extra 20% to 100% or more in additional revenue and profits for your company for Exponential Business Growth. I hope you found this Report helpful. If you did, Like this article, share it, & leave a comment with your business goal in the comment section.
