How And Why The Compound Effect Is Your Key To Exponential Growth!
Being an aspiring profit seeking entrepreneur. You already know and appreciate what positive long term financial benefits the compound effect can have on your business or service, right? and the faster you or your major competitors can make it happen. Especially if you can consistently do so for literally pennies on the dollar.
The faster your business or service will become and potentially remain profitable, right? And the sooner you can get and maintain reliable and positive cash flow.
The less stress and financial hardships you take off your plate. And income which went to previously to mere servicing existing date can now be strategically converted into gross front or back end profits. And gradually over time a business or service which was previously marginal at best.
Is now consistently showing signs of consistently generating positive front end profits.
Who Says Strategically Building Your Personal Brand Isn’t A Potentially Profitable Marketing Strategy?
It may or may not be a so called secret but, the vast majority of aspiring business owners or service providers are still pretty much in the dark when it comes to “how to” strategically go about setting up mutually beneficial Joint Venture (JV) or potentially profitable cross promotional arrangements of some kind.
Nor are they at all typically marketing savvy enough to properly structure a reliable back end component to their business or service. Say strictly hypothetical marketing illustration purposes only.
Let’s say there’s a local photography studio business owner. And they’re basically doing okay. But to this point they’ve never really explored growing ( strategically scaling) their business simply by consistently implementing some type of market tested JV strategies even on an initially small or entry level.
So since you and your spouse or live in significant other recently had some photos done there. And you were very pleased. And you already have a pretty good idea of who their primary customer base is.
You ask the owner(s) the so called “magic question.” Huh? Which is, “Is it okay to periodically refer you new customers? And by the same token. As long as it doesn’t take away from anything you currently have going on both now and in your immediate future. Are you okay with periodically returning the favor?”
And as long as you ask the magic question to non directly competing vendors you already have some type of established relationship with. Typically you can expect 95-98% to answer with an emphatic yes on both the front and immediate follow up back end question.
Entrepreneur Start With Your Current Power Network And Strategically And Systematically Build Out From There!
So initially either you or one of your local major competitors make the following proposal to the extremely hard working owner(s) of the photography studio.
And as long as they both join and remain active subscribers of your opt in email list. And the moment at least ten of their current or future customers purchase anything from you. After redeeming one of you or your major local competitors, extremely time sensitive, market tested first time customer only gift certificates.
Side (A.) invites them to enter your extremely popular monthly free drawing. And side (B.) invites them to you store, before the hand written ten or X day expiration date window expires.
They come alone before the expiration date and they save 10% off up to $200 dollars. However, simply for dragging a friend with them before the expiration dat with and they automatically save up to 40 or X% off up to $1,500 or X number of dollars.
This Is How And Where The Real Long Term Compound Effect Starts To Consistently Create Exponential Growth!
And the moment ten or X number of their current customers make their very first purchase from you or your major competitors. You will allow both owner(s) of the photography studio to purchase one pair of extremely eye catching diamond studded earrings. And even though they typically retail for at least $650 dollars a pair.
The lady owner only pays your actual hard cost of $325 dollars or less. And the male owner gets to purchase an extremely eye catching men’s Rolex watch. Which typically retails for $2,500 dollars.
This way going forward no what. Their immediate inner and professional circles will not only see their extremely great looking bling. But rest assured at least some of their personal and professional inner circle members will definitely want to get hooked up asap, right?
Next, as they systematically start passing out your two sided, market tested index cards. And ethically bribing some of their best female customers to spend X and receive one of you or your major competitors extremely time sensitive, market tested, first time customer offers.
But entrepreneur where or “how” you or your major competitors will consistently experience the true compound effect starts right about here. Because no matter what the current size of the photography studio business is.
They also have an ever growing local network of non directly competing vendors. And those vendors also have both current and future employees and a constant growing local power network of their own.
As You Or Your Major Competitors Systematically Tap Into To The se Various Local Non Directly Competing Networks! (You Or Your Major Competitors Business Or Service Will Definitely Start To Grow!)
And initially through these various types of local power networks and their social media accounts. Entrepreneur both your sales revenue and your personal brand can’t help but grow. Don’t you agree? Are you starting to truly appreciate the compound effect on some level? This is really good to hear.
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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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 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.
