Top Line Revenue Can Grow Three Ways - Traditional Marketing Uses One - Do You Work All Three?

103 55
When thinking about growing their business, most think of getting their product or service in front of more potential customers.
Even the online social networking and media, that is growing so quickly these days, is entirely focused on that one area! For some businesses, it might be very difficult or very expensive to get in front of more prospects.
Plus, if you are not sure what it is that you are truly offering to your customers, if your message is unclear, getting in front of more prospects would just be a waste of time and money.
Are there ways to increase your top line without spending more money on traditional advertising? Absolutely! There are THREE ways to increase your top line revenue: 1.
Increase the number of prospects your product or service is exposed to 2.
Increase the conversion ratio of prospects to paying customers 3.
Increase the value and worth of each individual customer Traditional marketing and advertising focuses on the first area alone! Why would you create a marketing system that only allows you to grow one way? Why not focus on all three? Are some ways more cost effective than others? Of course! DO NOT spend money on getting in front of more prospects without first identifying, leveraging, and optimizing the marketing assets you already have within your business.
First make sure you know what it is that you are selling.
Are you selling eye glasses like so many others, or, are you selling the fact that you can get it done in about an hour? Are you selling pizza like everyone else, or, are you selling 30 minutes or less? ALL of your marketing efforts must be designed around what makes YOU unique.
You must differentiate yourself.
This concept alone, differentiation, is the topic of classes, workshops, and seminars in and of itself.
It is also very similar to, if not synonymously used at times with branding, and positioning, just to name a couple.
Doesn't it make sense to start here first before spending any time and money in other areas? Anyone who answers your phones must be selling what makes you unique; your sales force needs to be selling it in every aspect of their sales cycle, your USP or unique selling proposition must be integrated thoroughly into your operations.
Also, before getting in front of more prospects, make sure you're getting the most value out of each customer, past, present and future.
Make sure your conversion ratio of prospects to paying customers is respectable.
Then and only then, after your house is in order, do you even think about spending money on getting your product or service in front of more prospects! If you need to grow 20% as quickly as possible, don't just focus on getting in front of 20% more prospects.
Rather, a small increase of just 5% or less, in all THREE areas, will start building on each other and create exponential growth with the potential of much more than 20%.
Can you see the potential?
Source...
Subscribe to our newsletter
Sign up here to get the latest news, updates and special offers delivered directly to your inbox.
You can unsubscribe at any time

Leave A Reply

Your email address will not be published.