How to grow your business and increase it by 30%
i would like to speak about the way to grow your business.
I'm always trying to find alternative ways to urge the most important result with the smallest amount amount of labor .
It's not just me; just check out this quote from Bill Gates:
"I will always choose a lazy person to try to to a difficult job because a lazy person will find a simple thanks to roll in the hay ." - Gates
Look, business is pretty simple stuff. However, I didn't say it had been easy. It still requires tons of very diligence . So, why not give yourself every possible advantage over your competition?
I'm getting to share some numbers and methods with you that's getting to make it crystal clear the way to grow your business 10%, 20%, and even 30%.
We'll start with the concept of "deconstruction."
So, what does deconstruction actually mean?
Let's see what the great ol' Cambridge Dictionary tells us:
DECONSTRUCTION: "The act of breaking something down into its separate parts to know its meaning, especially when this is often different from how it had been previously understood."
So how are you alleged to use this idea to grow your business?
It's simple:
Try to see if you'll guess the solution to the subsequent question before you go on:
In what percentage ways are you able to grow your business?
Five different ways?
15?
50 ways?
Here's the kicker: All those guesses are wrong.
In fact, there are ONLY 3 ways to grow any business in any niche - which is that the essence of deconstruction. You break down "how to grow a business" into the littlest , individual pieces to make the most important possible change.
Here's an easy formula - developed and pioneered by the good and esteemed, Jay Abraham - to point out you ways to use deconstruction to grow your business by over 30%:
# OF CLIENTS x AVERAGE ORDER VALUE (AOV) x # OF ORDERS/YEAR
I not an enormous fan of math, but this is often VERY interesting!
To illustrate this, let's use an easy example to form things crystal clear:
Let's imagine you've got 1,000 clients who buy from you twice per annum , with a mean Order Value (AOV) of $100:
1,000 clients X $100 AOV X 2 orders /year = $200,000
In this case, you've a pleasant and straightforward $200,000 /year business.
But what if you wanted to grow that business by 10%?
How could you are doing this easily and effectively within subsequent 12 months?
Some examples:
you'll increase your AOV by 10% - which is merely $10 more per individual sale
you'll increase the amount of clients by 10%, which might offer you 100 extra clients per annum
Finally, you'll increase the acquisition frequency (or improve your retention) by 10% - meaning that each one your clients only needed to shop for 0,2 more times per annum
All great options and not that complicated.
For this instance , for instance you focused all of your attention on growing your client base by 10%, and you retain *everything* else an equivalent .
In this case, here's the math:
1,100 X $100 X 2 = $220,000 (10% growth)
Let take it a step further.
What if you wanted to grow your business by 30%?
Again, remember the formula:
# OF CLIENTS X AVERAGE ORDER VALUE (AOV) X # OF ORDERS/YEAR
So, what are you able to do if you wanted to grow your business by 30%?
Here are some very actionable and strategic examples you'll use in your own business:
Increase AOV by 10% by creating strategic upsells in your funnel - again, during this case, we're talking about $10 more per sale on the average
Grow your client base by 10% by implementing a strategic, and ongoing referral system
Increase the acquisition frequency by 10% by communicating together with your clients more frequently for instance through email (which is, in my humble but very accurate opinion, the simplest thanks to do this)
Let's check out the math:
1,100 X $110 X 2,2 = $266,200
Wow! this is often incredible.
Just by doing these small changes, you've now grown your business by quite 30%!
You've now grown your business by 33,1%.
This is the facility of exponential growth!
And if you are feeling those numbers are too small and unambitious, just add a zero.
The beauty of this idea is that nothing within the formula changes albeit the dimensions of the business changes.
Here's rock bottom line:
Instead of stressing about which new social media channel to use, or which new gadget you ought to invest in, specialise in these three areas of your business.
Think about it... if all you probably did , for subsequent 12 months, was to focus strategically on how you'll increase your AOV by offering your clients more value, does one think you'll grow your business by just 10%?
Or, if all you probably did was to specialise in how you'll increase how often your clients bought from you... could you increase your purchase frequency by just 10%?
Or, if all you probably did was to specialise in getting just 10% more clients this year... could you are doing that?
Your biggest growth is before you.
And now you've got a really simple, strategic method to require your business to subsequent level.
If you would like to get the way to 2x your sales and obtain more clients for your business, my free online training session may be a excellent spot to start out .
I'm always trying to find alternative ways to urge the most important result with the smallest amount amount of labor .
It's not just me; just check out this quote from Bill Gates:
"I will always choose a lazy person to try to to a difficult job because a lazy person will find a simple thanks to roll in the hay ." - Gates
Look, business is pretty simple stuff. However, I didn't say it had been easy. It still requires tons of very diligence . So, why not give yourself every possible advantage over your competition?
I'm getting to share some numbers and methods with you that's getting to make it crystal clear the way to grow your business 10%, 20%, and even 30%.
We'll start with the concept of "deconstruction."
So, what does deconstruction actually mean?
Let's see what the great ol' Cambridge Dictionary tells us:
DECONSTRUCTION: "The act of breaking something down into its separate parts to know its meaning, especially when this is often different from how it had been previously understood."
So how are you alleged to use this idea to grow your business?
It's simple:
Try to see if you'll guess the solution to the subsequent question before you go on:
In what percentage ways are you able to grow your business?
Five different ways?
15?
50 ways?
Here's the kicker: All those guesses are wrong.
In fact, there are ONLY 3 ways to grow any business in any niche - which is that the essence of deconstruction. You break down "how to grow a business" into the littlest , individual pieces to make the most important possible change.
Here's an easy formula - developed and pioneered by the good and esteemed, Jay Abraham - to point out you ways to use deconstruction to grow your business by over 30%:
# OF CLIENTS x AVERAGE ORDER VALUE (AOV) x # OF ORDERS/YEAR
I not an enormous fan of math, but this is often VERY interesting!
To illustrate this, let's use an easy example to form things crystal clear:
Let's imagine you've got 1,000 clients who buy from you twice per annum , with a mean Order Value (AOV) of $100:
1,000 clients X $100 AOV X 2 orders /year = $200,000
In this case, you've a pleasant and straightforward $200,000 /year business.
But what if you wanted to grow that business by 10%?
How could you are doing this easily and effectively within subsequent 12 months?
Some examples:
you'll increase your AOV by 10% - which is merely $10 more per individual sale
you'll increase the amount of clients by 10%, which might offer you 100 extra clients per annum
Finally, you'll increase the acquisition frequency (or improve your retention) by 10% - meaning that each one your clients only needed to shop for 0,2 more times per annum
All great options and not that complicated.
For this instance , for instance you focused all of your attention on growing your client base by 10%, and you retain *everything* else an equivalent .
In this case, here's the math:
1,100 X $100 X 2 = $220,000 (10% growth)
Let take it a step further.
What if you wanted to grow your business by 30%?
Again, remember the formula:
# OF CLIENTS X AVERAGE ORDER VALUE (AOV) X # OF ORDERS/YEAR
So, what are you able to do if you wanted to grow your business by 30%?
Here are some very actionable and strategic examples you'll use in your own business:
Increase AOV by 10% by creating strategic upsells in your funnel - again, during this case, we're talking about $10 more per sale on the average
Grow your client base by 10% by implementing a strategic, and ongoing referral system
Increase the acquisition frequency by 10% by communicating together with your clients more frequently for instance through email (which is, in my humble but very accurate opinion, the simplest thanks to do this)
Let's check out the math:
1,100 X $110 X 2,2 = $266,200
Wow! this is often incredible.
Just by doing these small changes, you've now grown your business by quite 30%!
You've now grown your business by 33,1%.
This is the facility of exponential growth!
And if you are feeling those numbers are too small and unambitious, just add a zero.
The beauty of this idea is that nothing within the formula changes albeit the dimensions of the business changes.
Here's rock bottom line:
Instead of stressing about which new social media channel to use, or which new gadget you ought to invest in, specialise in these three areas of your business.
Think about it... if all you probably did , for subsequent 12 months, was to focus strategically on how you'll increase your AOV by offering your clients more value, does one think you'll grow your business by just 10%?
Or, if all you probably did was to specialise in how you'll increase how often your clients bought from you... could you increase your purchase frequency by just 10%?
Or, if all you probably did was to specialise in getting just 10% more clients this year... could you are doing that?
Your biggest growth is before you.
And now you've got a really simple, strategic method to require your business to subsequent level.
If you would like to get the way to 2x your sales and obtain more clients for your business, my free online training session may be a excellent spot to start out .
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