Learning How To Improve Business Profits is Easy When You Know How!
If you could improve the bottom line profits by 20% or more in your business in the next 48 hours without spending any extra marketing dollars would it be worth spending five minutes learning how?
You are about to learn how to improve your business profits fast, and for very little cost!
Firstly, if you have a look at the van below you are going to see a simple strategy in action.
Can you see what they are doing that 90 % of their competitors are not?
They are optimising their relationship with their client!
Look at the van closely.
Secondly, they are offering carpet cleaning services BUT in addition to that they are also offering Pest Control Services and Garden Maintenance!
You may be thinking “SO WHAT!”
Well, let’s look at the numbers here shall we?
Imagine you are a Carpet Cleaning Company!
You do a carpet clean of the house for say $500.00 and you may do this on an annual basis.
After 5 years of looking after them you have a lifetime value of $2500.00 from that client. (5 years *$500.00 = $2500.00)
You have improved business profits by increasing the lifetime value of this client.
Let’s Add Another Service – PEST CONTROL
You have done a great job cleaning their carpets, so you have built TRUST with them, now you offer your Pest Control Services which may be another $500.00 a year.
You have increased the profits in this business again by another $500.00
Let’s Add Another Service – GARDEN MAINTAINENANCE
OK, so you are cleaning their carpets, you are keeping them termite and cockroach free now because you are there why don’t you add garden services to your menu.
That may be another $200.00 per month to put in your pocket
Now you have increased business profits by an extra $2400.00 for the year
Value Of Client 5 years
Carpet Cleaning $500.00 * 5 years = $2500.00
Pest Control $500.00 * 5 years = $2500.00
Garden Services $2,400.00* 5 years = $12,000.00
What Is The End Result?
Instead of making $2,500.00 over 5 years from this client you are now making :
$17,000.00 from the SAME CLIENT!
Can you see how easy it is to increase business profits when you have a system?
How cool is that?
This is one of the strategies that helped me build my 5 multi million dollar companies.
To get a better understanding of the Streetsmart Business Acceleration system go here: Home(Opens in a new browser tab)
It is also one of the strategies that have helped two of my private clients achieve growth of well over 300% over the last 12 months. (I only work with 4 private clients at a time as I value my family time)
Now some of you may be thinking – Well that’s an obvious thing to do in a business, and you would be right!
Here is the question though. Are You Applying This Simple Strategy in Your Business?
Eight out of Ten businesses that I work with don’t apply this strategy which is fantastic as we call these clients a consultant’s prayer, because it makes our job a lot easier to help you improve your business profits improve 🙂
Here Is The BIG Takeaway!
Although I have shared this simple strategy with you to maximise the lifetime value of the client and you can see the amazing improvements executing this idea will have on your company there is a good chance that some business owners may still not start implementing this idea.
Well to really understand the impact of this read this article How To Get Prospects To Choose You Over Your Competitors(Opens in a new browser tab)
Why Is This?
Well One Could Be They Don’t Have A Business Consultant!
Many business owners are so busy keeping the wheels turning in their companies that they rarely take time out to be strategic and put growth and profit strategies like this into their business.
But isn’t the goal to have a prospect choose you over your competition?Â
Having a good business consultant on your team helps you increase your business profits creating maximum results in minimum time simply by consistently developing a strategy and ensuring the correct execution of the plan.
In fact you can use these concepts to look for great businesses to buy and add these strategies to. Check out this article How a Business Consultant Bought A Business For $1.00(Opens in a new browser tab)
Are You Ready To Change The Game?
If you are in Business and want help improving your business profits, then why don’t you click the button below and have a talk with me.
We can look at what you would like to achieve and I will share some ideas with you that will assist you in getting there.
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