Why Trying To Grow Your Sales revenue Is Extremely Tough When You’re Just Starting Out!
Congratulations! Say what? You’ve finally decided to take the plunge and start your own business and o service.
Hey, you’ve been talking about doing so for years. And you made excuses for not doing so for years.
And you’ve finally decided, (it’s) literally now or never. So you’ve put in your necessary due diligence.
But now that you’ve made your initial emotional and financial investments. The nagging question now becomes.
On a continuous basis mind you? What in the world are you going to consistently do (right now), steadily grow your sales revenue and profits?
And doing so, without having to go further and further into debt.
You Definitely Need To Consistently Grow Your Sales And Revenue! (But How?)
What may not initially be as apparent, when you first become an entrepreneur, whose starting their on business. Be it on or offline.
You are literally starting from scratch. It’s like having both your doors and windows wide ope, in the middle of winter.
And then suddenly turning your heat on. Even though you have the heat turned up, it’s going to take an awful lot of heat, to offset your doors an windows being open.
And it’s very possible, under those particular circumstances, you may not ever heat the room or rooms up enough, to actually be comfortable, correct? 😀
Unfortunately, this not so far fetched analogy is typically what happens, to a staggering 88% of all (on ) or offline businesses.
Because they simply can’t overcome the ever mounting debt.
You Will Definitely Need A Proven Business Plan To Grow Sales And Generate Steady Revenue!
What also may not initially be apparent, to aspiring, starry eyed entrepreneurs is this.
Sadly, less than a measly one percent of all startups,(of all shapes & sizes), simply cannot borrow money from any traditional sources like banks,credit unions and or private investors.
Not at reasonable amounts of interest. You have no established track record yet.
Which means, potential investors see far more than possible reward.
And your customer base, is typically 500% more expensive to create.At least when you invest partly and or fully into an existing business and or service.
You can sort of predict and or rely on a semi reliable income. Unfortunately this is not the case, when you start a business and or service of any kind from scratch.
Consistently Implementing Some Alternative Sales Strategies Allows An Extremely Viable Option!
Case in point. Let’s say you currently run a fairly successful, single location, retail appliance center.
And one of your major competitors is just starting out, and they’re looking to make a major splash in the local marketplace.
So they do the usual. Which is to spend outrageous sums of money, on local prime time TV and radio spots.
They take out (both) full and half a page ads in the major newspapers and they storm social media etc.
But when all the marketing smoke clears.Even they grossed a ton of sales. Most of it goes to covering their tremendous upfront cost.
And what little is left, then applies to their bottom line.And if that particular cycle of events continues.
Guess what? There’s a very good chance, you’re on your way to joining the 88% club. 😀
You’ll Definitely Make More Money With A Reasonable Marketing Plan!
Your answer to simply spending a ton of money, month after month, on some outrageously expensive, dismally performing, traditional ad campaigns and or promotions.
Suppose you’d like to dramatically improve you car radio sales. But you’re definitely tired of simply flushing you extremely hard dollars down the toilet.
So you initially approach a few of the local car wash dealerships, about forming some type of strategic alliance. And or what’s also referred to as a joint venture (JV) arrangement of some kind.
You allow the car washer owner(s) employees, to provide each customer, whose driving a luxury car, SUV and or truck etc.
This Is How Your Business Plan To Increase Sales Gives You Definite Edge!
They will hand them a market tested two sided index card. And this will be an A/B split test of some kind.
Basically one version will say something along the lines of.
“Do you personally know anyone who wants to save up to 40 (or X%) off their very next car or home stereo system?”
And because the index cards are extremely time sensitive. The card holder needs to call your store at a private number.
And set up a time to come in and have a look, at some exclusive, (read that as) extremely high end car and or home entertainment systems!
Once they come in, a certain percentage of them will definitely leave, as first time customers, will they not? Bingo! 😀 For sure.
This is how you systematically grow your sales and gross profits. Don’t you agree?
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!
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