Entrepreneur There’s A Reason You Should Be Implementing The Compound Effect In Your Marketing Efforts!
Entrepreneur will you admit you work incredibly hard in your business or service? Agreed. But here’s the $64,000 dollar question. Does your business or service currently work incredibly hard for you? If not why not? Huh?
No matter “how” you or your major competitors consistently generate your first time customers. You’re either investing your extremely hard earned money or your time or both, correct? But if or since your current marketing or promotional methods don’t consistently lead to some type of exponential growth.
It’s past time you started implementing some type of potentially bank account filling marketing or promotional strategies. And by doing so you or your major competitors will start to consistently benefit from the compound effect of marketing or promoting like the ultimate insiders do.
It’s the type of proven marketing leverage which can and definitely will fill you or your major competitors bank accounts very rapidly. Typically for pennies on the dollar. Sound like a plan you can live with or what?
So Why Don’t You Use The Type Of Sales Funnel Which Routinely Generates Some Exponential Growth?
Here’s a rather basic example of “how” potentially profitable compound interest. Let’s suppose your current cable TV equals $200 dollars a month. And you diligently pay your bill for the next twenty five years. (300 months. 25 years x 12 months per year = 300 total months.)
First of all notice ‘how’ this is a pretty standard one way transference of wealth, right? Meaning your business or service receives no return on your investment. Other than being granted access to the products or service(s) your monthly payment is granting you access to.
However, your same $200 dollar investment compounded over 300 months @ an interest of just 8% annually. And guess what entrepreneur? Provided you don’t take the money out sooner. And the 8% annual compound interest rate constantly reinvested ultimately grows into somewhere in the neighborhood of $176,000 dollars and change. Say what?
That’s a nice overall return on a $60,000 dollar investment, right? Say what? You do the math. ($200 dollars a month x 300 months, (25 years) = $60,000 dollars. And this figure doesn’t include any initial upfront lump sum investment, plus the $200 dollar a month investment.)
So you can either continue to yap at the higher prices. Or you yap on a less expense monthly plan. And “discover” “how to” invest the difference to systematically build your wealth. The choice is yours.
Of Course You Work Incredibly Hard For Your Money! (The Question Is Does Your Money Or Business Work Even Harder For You?)
(Extremely important note: Of course any and all types of legitimate investment opportunities carry some type of risk associated with them. And since yours truly is definitely not qualified nor licensed to render such advice. Pleas proceed with caution after seeking out qualified advice.
And just so you know. Since it’s initial inception in America, which rumor has it somewhere around 1790. The stock market has continuously averaged an overall return of 12% annually over virtually any twenty year period. So the 8% figure used in the above examples are very conservative.)
So What If Anything Does The Readily Accepted Compound Effect Of Successfully Growing Money Possibly Have To Do With The Compound Effect Of Growing Your Business Or Service?
Excellent question and so glad you finally decided to ask it. Sadly most extremely hard working entrepreneurs at best only produce linear results. Huh?
They work like crazy to generate that all important first customer. But instead of ethically bribing them to either:
1.) Get them to spend more money on their very first purchase. Simply by systematically offering some type of bank account filling upsell and or add on sales strategy. (Hint: Similar to McDonalds “Would you like fries with that?'” marketing strategy.
2.) Ethically bribe them into becoming a long term repeat customer. For literally pennies on the dollar.
3.) Ethically bribe them into consistently referring brand new first time customers.
4.) Ethically bribe them to enthusiastically provide those bank account filling testimonials.
You or your major competitors consistently do any of the four. But especially #’s 1-3 and your bottom line can’t help but consistently grow exponentially. For literally pennies on the dollar.
The Faster And Least Expensively You Or Your Major Competitors Generate First Time Customers! (The Faster You Or Your Major Competitors Can And Will Grow Exponentially!)
So every time you or you major competitors fail to ethically bribe a current customer into referring at least three or X number of brand new first time customers.
Who themselves gradually or ultimately go on to refer at least three or X more customers. And so on and so forth. Once you do your total lifetime customer value metrics.
You’ll quickly “discover” the compound effect of what you or your major competitors are potentially leaving on the table. And rest assured these currently unclaimed profits won’t be on the table for long. Say what? Because at least some of your major competitors are only too glad to swoop them up.
Your Ideal Customers Are Definitely Going To Spend Their Extremely Hard Earned Money Somewhere!
So it only makes sense they do it with you, correct? The faster you can turn a one time purchase into a ton of long term repeat purchases. Your business or service just became more stable and potentially more sellable.
If that’s one of your goals down the road. Hopefully you now have a much better idea of “how” the compound effect can potentially affect your bottom line, agreed?
And just like the earlier example with the all too typical person simply paying the monthly cable bill. The money goes out virtually never to be seen again, right?
Now’s the time to make the compound effect in your marketing or promoting one of your main priorities. 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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