(You Can Either Embrace It Or Potentially Get Crushed By It!)
Does anyone reading this particular blog post. Actually have a problem with consistently experiencing the potentially profitable bank account filling compound marketing effect? Good, for the record me either.
And the really cool thing is. As you and I and or your major competitors consistently benefit from the compound marketing effects.
At some point it sort of starts to go mega viral on it’s own. Fellow profit seeking entrepreneurs. Are you okay with that?
So Let’s Talk About You And Or Your Major Competitors Systematically Building Brand Visibility! (For Literally Pennies On The Dollar!)
Quickly picking up where part one of this ongoing series left off. As you vividly recall. Yo and I own or co-own a single location. Non franchised retail jewelry store.
And I (for whatever reasons!) Decided to go the outrageously expensive, traditional advertising/promotional route. So I typically spend a bare bones minimum of $40,000 thousand dollars a month or X.
On those outrageously expensive, dismally performing, hit & miss traditional advertising mediums and methods. While you’ve decided on maximizing the alternative, non traditional marketing strategies and tactics.
Of course the following examples are being used for hypothetical marketing illustration purposes only. Your $40,000 thousand dollars a month.
Will test the following, positive word of mouth generating marketing strategies and tactics. So your $40,000 thousand dollars a month or X per month. Will end up equaling 240,000 dollars for at least the 1st six months! ($40,000 x 6 months worth of testing = $240,000 dollars correct!)
Effectively Building Brand Equity Goes Way Beyond Simply Using Traditional Advertising Methods!
Remember in part one. Each month at least 200 or X number of local women. from virtually all walks of life. With varying degrees of local on or offline influence. 😀
Here’s how the initial front end math breaks down. $40,000 dollars divided 200 equals 200. Does it not? ($40,000 / 200 = 200.)
So 200 local women of various degrees of on or offline influence. For an extremely limited time. As long as they join your opt in email list.
And they drag a friend with them to your store. Who’s at least 18. They get to purchase one extremely eye catching pair pair of diamond studded earrings. Which typically retail for at least $650 dollars a pair or X.
Provided they meet your fore mentioned conditions. They only pay $200 dollars a pair or X. Say what? 😀 Now let’s quickly take a look at your math. In just six or X number of months.
This How You And Or Your Major Competitors Can Systematically Work For Not Against You!
A total of 1,200 or X number of local women. Are showcasing some of your best looking bling, correct? 😀 And since they each know at least 25 other local women apiece, correct?
That should equal, (on paper anyway!) An impressive 30,000 strong fellow profit seeking entrepreneur. And “if” a mere 30 or X% of those 30,000 women become your customers. (30,000 x .30% = 9,000.)
And let’s further state their average spend is a mere $575 each. You have grossed an impressive $5,175,000 million dollars! Entrepreneur can you live with those types of potential front end gross profits? 😀 (9,000 customers x $575 spent each = $5,175,000 dollars!)
And the compound marketing effect has just barely gotten started! Don’t you agree?
If You Don’t Systematically Grow! (At least Some Of Your Major Competitors Definitely Will!)
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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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!
(And be sure you head over to Spotify.com and setup your free account. This way you can listen to my podcast “The Marketing Minute” and leave me a greatly appreciated 5 star review. Provided you honestly feel it warrants it. 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 “discover” the real secret of the ultimate insiders.)
And be sure you grab your explosive free 22 step small business marketing mastery kit series, because it will help you increase your gross profits by as much as 25% in the next 90 days or less. (Provided you’ll consistently implement as instructed.)
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.
