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These Are The Key to Building A Successful and Profitable Business!
Throughout this website, you will hear us telling you, which was first coined by Master Marketer Jay Abraham, "One of the major reasons' businesses fail is that most businesses have only one primary way to bring customers in. If something disrupts that -- something external, something in the government, something in the economy, something in the way of a new kind of competitor like a business working with On-Off 360 Marketing, LLC -- suddenly that business is in trouble, or it literally goes out of business." You need to understand that building a business really is simple because there are only Four Ways to Build Your Business. Although you may think there are dozens -- or even hundreds of ways to build your business -- you will see that there are really only four elements, four building blocks to concern yourself with: 1) Increase the number of customers you sell (new business),
2) Increase the number of products/services each client has (cross-sell),
3) Increase the average sale amount of each transaction (up-sell), and
4) Increase the amount of times a customer buys from you (Resell). Then, for each of these, we create multiple profit centers under them. For example, with new business we might have yellow pages, Internet leads and direct mail as profit centers. Then, for each of these profit centers, each would be closely monitored and tracked with each having a "control". The control for direct mail, for example, might be a 1.8% from a specific mailing piece. We'd want to increase that % to create a new "control" for that profit center. A Mistake Many People Make ... It seems like so many of the consultants out there who trains businesses for a fee only want to talk about "lead generation". For example, I know that you're being bombarded with people cold-calling you and sending you emails on getting you onto the first page of Google to increase your leads. The problem is, that's all they do (and know) and most don't even do it thoroughly, but that's another story. The point here is they are only pushing and emphasizing lead generation! Let's nip this in the back-side right here and now. Lead generation is only one of three parts in building a successful business. By only developing prospecting strategies, you will only grow linear, not exponentially, which is where the real money is at! Growing Exponentially, Maximizing Each Client... Taking this a step further, the cost of developing new clients is typically one of the highest costs a business has, excluding payroll and commissions. Doesn't it make sense to maximize your clients so the money it took you to develop that client is more than offset by back-end sales? Besides, once you've developed an account, it's a whole lot easier to sell another product to him, than it is to sell the same product to a complete stranger. I don't think anybody can disagree with that, can they? Let's look at it another way. Once your customer buys a product or service, you want them to continue buying that product or service again and again -- and buy other products, services & related products -- so the money you spent to get the client means little to you because you've gained profits on the back end. Here's the exciting point. Do any one of the 4 building blocks and you can grow in a linear manner. Do any combinations of the four and you grow exponentially. And, it's a whole lot easier to grow exponentially than linear. You'll be amazed at how small increases in each of these four critical areas will exponentially impact your bottom line. For example, if you simply increase each of the four by a mere 10% you would not increase your business by 10% -- but by over 33%! And, if you increase each element by 20% your business would actually DOUBLE in size. What if you only concentrated on lead generation and didn't put any time or resources in the other three areas? That 10% increase would be just that -- a 10% increase only! Now, I'm not questioning for a second that lead generation isn't important. In fact, if I had to choose only one of the three area's to work on and had a very small customer base, it would be lead generation. In addition, with consumers using the Internet to find businesses they want to do business with, I would absolutely make sure I was positioned to capture the lions share of Internet based leads. THEN, I would implement back-end marketing strategies to better serve our clients by sharing other products and services with. By doing this you've increased your revenue by 3-4 times, or more. This is what we teach our full-time clients to do! It has been proven that the difference between $100,000 a year business and $1,000,000 a year business is their methods of lead generation, whether they actively market to their current clients (back-end sales) and how they handle the sales process. In each of these areas you'll want to develop numerous methods so if one of them fails you have others to fall back on. Make sense?
However, the only reason a person would have to pick only one of the building blocks to work on is because they don't understand or know how to take advantage of the other 3 building blocks -- that won't be the case after you've worked with us. By taking advantage of all 4 building blocks, you'll be putting in motion the strategies necessary to create a multi-million dollar business, if that's the kind of growth you want. Maybe you just want a profitable business that pays you and your staff well. Not a problem! Only focusing on lead generation versus all 4 building blocks means you just cut the revenue for your business by at least 70%. Seriously! There really is that much difference and advantage to building your agency exponentially, versus linear! Are you with me on this!? Once you know how to build your business exponentially the opportunities are endless. For example, if you knew you could take any business and by using these strategies you could double, triple, quadruple or more the businesses volume and profits, how many businesses would you buy? Buying businesses is one quick way of growing fast and when you know how to maximize their customer base it takes all of the risk out of it. Not every business would buy competing businesses but for those where this makes financial sense, it's an amazing strategy! We work very closely with our full-time clients on this topic making sure each of these elements are tightly placed within the businesses total infra-structure. Exponential growth. That's what you want. That's what we help our clients achieve.
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