Here is the formula for doubling YOUR revenues in the next 12 months…
L x C x M x F = Growth Potential
Here’s the legend…
- L = leads
- C = customers
- M = margin
- F = frequency of purchase
It looks like this…
Leads x Customers x Margin x Frequency = Growth Potential
Doubling any of the variables above (leads, customers, margin, frequency of purchase) will double your revenues.
Double them all and you will 16X your business. Can you double them all? Doubtful.
Can you double one of them? Two of them? Even 3 of them?
In other words, there are 4 levers you have available to double your revenues in 12 months…
- Increase the number of leads
- Increase the number of customers
- Increase the margin
- Increase the frequency of purchase
Work on optimization of everyone one of these areas and you are virtually guaranteed to double your revenues. To get more info on marketing please check out Angel Money Marketing LIVE