Unlocking the Key to Bigger Bottom-Line Profits
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LESSON TASKS
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- Review Your Answer to the Growth Factor Question in Module 2
- Stay Open-Minded to Ideas Coming from Outside of Your Industry
- Identify How Much You Can Spend to Acquire a Buyer
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LESSON BRIEF
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Customer-centric companies are 60% more profitable compared to companies that are not focused on the customer.
-CMO.com
When your customers purchase in greater frequency AND at a greater average purchase price – you’ve just unlocked a MAJOR key for growing your bottom line profits.
These techniques are called “Value Enhancers,” because – that’s exactly what we’re doing here – we’re enhancing the value of the purchase.
We’re not just upselling, cross-selling and other such strategies because we can … these are called “Value Enhancers” because, to really win at this strategy, you’re helping your clients get a better advantage, a better benefit, receive better value – all towards helping them achieve a better result by keeping focused on the “Growth Factor” which we covered on module 2.
Now by increasing the frequency and purchase size – you’re increasing the average lifetime value of a customer. For obvious reasons, this is a good thing – after all – it radically increases your profits.
However, the real magic in this comes in how this helps you dominate your marketplace – and create such a advantage over your competitors – that they’re left scratching their heads wondering how you’re doing the things you’re doing.[/text_block][/op_liveeditor_element]
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NEXT LESSON
[op_liveeditor_element data-style=””][text_block style=”undefined” align=”center” font_size=”20″ font_style=”bold” font_color=”%234d5560″]Lesson 2: Upsells[/text_block][/op_liveeditor_element]
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[op_liveeditor_element data-style=””][text_block style=”style_1.png” align=”left” font_color=”%23788596″]Learn how to instantly boost sales with upsells![/text_block][/op_liveeditor_element]
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