Entrepreneur This Is How You or Your Major Competitors Stop Leaving Money On The Table!
You probably find it hard to believe a ton of profit seeking entrepreneurs often leave money on the table, right? The real purpose of this particular blog post is to help you or your major competitors stop leaving money on table.
Obviously nobody intentionally leaves money on the table, right? Even so, the way you or your major systematically run your business or service.
Will ultimately decide if your business or service is either marginal or in fact working much harder for you. Than you currently work on it. Entrepreneur just by inexpensively A/B split testing just a few strategies here and there.
The tweaks you or your major competitors make. Can and definitely will make a ton of difference to your bank account. Is this the kind of proven process you can live with? If so implement and get ready to prosper going forward.
Entrepreneur When You Create Opportunity You Can Better Control Your Metrics!
Say strictly for hypothetical marketing illustration purposes only. Let’s say your business sells some extremely popular women’s hair care and nail products to both women-s hair and nail salon owners. You basically buy them in bulk at wholesale prices. And slightly mark them up 10-25%.
And they in turn resell them to their female customers for slightly more retail markups of X. But that’s was before you got serious and started developing a reliable back end to your hair and nail products distribution business.
Now every time a customer orders anything from your company and it’s mailed either 1st class priority or send 2nd day air etc. Your paying customers can expect at least two extremely time sensitive -market tested offers.
1.) Extremely time sensitive market tested offer #one: First and foremost, they can expect one of your best, market tested, extremely time sensitive “bounce back” offer from your distribution service. Say what? This way, some of you or your major competitors most loyal customers will definitely take advantage of your extremely time sensitive offers.
And they’ll brag both on and off of social media. So you or your major competitors will constantly benefit from some potentially profitable word of mouth or mouse buzz.
Sadly Far Too Many Aspiring Entrepreneurs Routinely Leave A Ton Of Money On The Table!
2.) Extremely time sensitive market tested offer # two: You’ll also include one of your top JV (Joint Venture) or cross promotional partners extremely time sensitive, market tested offers. And the main difference between your top JV and your top cross promotional partners is.
Each time one of your customers purchases any of your JV partners products or services. You or your major competitors either earn a one time front end percentage of X% per sale. Or if your customers purchase a service from any of your JV partners.
You or your major competitors earn some type of ongoing monthly or quarterly percentage of X. Where as you or your major competitors simply cross promote your cross promotional partners most relevant products or services.
And you both keep 100% of any and all front or back end gross profits. And those long term gross back end profits can and usually are incredibly profitable. Especially since you or your major competitors can systematically create them for literally pennies on the dollar.
Entrepreneur You Play Your Marketing Cards Right And The Back End Of Your Business Or Service Has The Potential To Become Extremely Profitable!
Case in point. Let’s say you decide to at least explore the long term profit generating potential of the back end. Which means for your biggest local hair and nail salon customers.
Going forward you will allow them to buy as much and as many units of any products they buy from you at your actual hard cost. Say what? This way when they resell them to their local customers.
They generate even more gross front end profit margins. You on the other hand will have them start passing out to all of their current and future customers. One of your retail jewelers JV partners extremely time sensitive, market tested offers.
And every one of their customers who purchase anything as direct result of these extremely time sensitive gift certificates you supply them with. You earn anywhere from 25-40% of the gross front end profits only.
Or “if” it makes more economic sense. You can just negotiate a set flat fee of $250 dollars per lead which ultimately converts into some type of paying customer. And your front end flat fee of X is payable no mater ‘how” much or how little the nail or hair salon customer initially spends on the front end.
At $250 per lead converted to paying customer. (Or whatever the best compensation fee you or your major competitors can successfully negotiate.) All you or your major competitors need is 50 sales per month equals an additional $12,500 dollars in gross income per month. (50 x $250 = an additional gross profit of $12,500 dollars per month.)
At This Point You Or Your Major Competitors Can Miss And Match Potential Strategies!
You or your major competitors could test hiring outside female sales reps. (And give them exclusive local territories.) And let them sell your hair or nail salon products to whomever.
And they get to sell them on consignment. So they have literally no upfront costs. And they get to purchase your products at your actual hard costs. Say what? This way they maximize their gross profits per sale. And you or your major competitors pocket all of the back end profits from the JV deals you put in place.
Entrepreneur this is “how” you or your major competitors stop leaving money on the table. Any questions?
P.S. Now as is customary during this part of our show. Please share your extremely valuable comments (in the comments section below)
that you can apply to your business, product or service in the next 30 days or less!
As always if you got any value out of this post, please share this on your favorite social media sites or tweet this. Thanks!
And if you’re currently registered on Linkedin or twitter, and you’re serious about about doing some type of power networking. Let’s get connected asap!
Extremely important note: And if by chance, you happen to know any of the lesser known podcasters,(or radio show host)
who also target small business owners, service providers or aspiring startups entrepreneurs etc.
And they’re pro-actively looking for potential guest speakers. Please don’t hesitate to-either- pass their name and contact information directly
to me or vice versa! Thanks!
(Click the link just below, and watch the first video at the top of the page, if you’d like to see the entire 33 minute replay, of a guest podcast on
marketing your small business or service. I Recently appeared on.)
(And speaking of you consistently generating some type of reliable passive income. This may just be what you need right now. Click the link to
to “discover” the real secret of the ultimate insiders.)
And be sure you grab your explosive free 22 step small business marketing idea kit series, because it will help you increase your gross profits by
as much as 25% in the next 90 days or less.
And help you master your effective communication in marketing skills.(No matter what your particular niche market is.) It’s a $97 dollar value and it’s FREE! Please note some links on this page are affiliate (income producing) links.
