Right about now, what exactly are you (consistently) doing in order to really increase profits? No, it doesn’t mean that you need to have the very latest next big thing strategy and or tactic working for you.
In fact, you really might be better served to get back to the tried and true basics.No matter how you primarily market your business, on or offline.
That said;the following post is going to demonstrate (effectively) how you can and should apply a basic proven marketing tactic and strategy and by consistently doing so, gain maximum marketing leverage.
Because it really is amazing just how much additional mileage that you can get when you apply a proven marketing tactic and simply take it to several additional levels. Case in point; you’re about to discover seven incredibly profitable ways to increase your profits, for under $50 dollars!Seriously!
Simply by using good old tried and true A/B split testing to maximize your long term results.
What Serious Entrepreneur Would Ignore These Seven Proven Ways To Increase Profits For Under $50 Dollars?
So don’t automatically be turned off, simply because you mistakenly believe you’ve already mastered all there is to possibly know about these tried and true, proven marketing strategies!
So first of all, are you already familiar with the sales/marketing term “alternative choice?” It’s used very effectively by super successful in and outside sales professionals, whenever they offer you a choice such as “Tuesday at 3:30 or Thursday at 1:00 pm.”
Well, in a sense, that contrast is a form of A/B split testing. And the best part is, it doesn’t cost you anything other than a little time and effort. But the long term potential results, make the efforts well worth it.
That said; here are seven potentially profitable ways to increase profits for under $50 dollars.Now just for the record, “A/B split testing” is nothing more than pitting two potential (offers ) and or approaches (and or power headlines) against one and other, and letting your target audience and or customer/client base, ultimately decide which if either offer is their preferred choice.
1.) Potential profit opportunity # one: Entrepreneur, you’ve simply got to A/B split test various offline sales approaches, because when you find one that works pretty good, you definitely wanna A/B split test that approach using two separate sets of business cards and or flyers etc.
And let your target market ultimately tell you which approach (if any) that they actually prefer. And once you inexpensively discover which approach actually works best. Then you start systematically slipping your best market tested business card into all your purchaser’s out going bags!
2.) Potential profit opportunity # two: You can and should inexpensively A/B split test by finding out whether your target market prefers to enter your daily, weekly, monthly and or quarterly free drawing and or if they prefer instead one of your best market tested (time sensitive) “bounce back offers.”
Either strategy will probably ultimately make money, but inexpensive testing will reveal (which one) if either is the much preferred choice!
3.) Potential profit opportunity # three: When you have your offline sales associates answer the phone, a little strategic A/B split testing and tracking their approaches, will definitely help you decide which particular approach produces the most bang for your buck!
4.) Potential profit opportunity # four: A/B split testing will also help you determine if your free 30 day trial offer plus a few free bonuses or your 90 day trial subscription at cost works better.
Or you could speculate like a staggering 90% of your major competitors do! Or you could simply make both offers and tally your results! And in very short order you’ll have the real answer!
5.) Potential profit opportunity # five: Just think what strategic A/B split testing will reveal about which bonus and or set of proven bonuses that you should be ethically bribing your entire database with? (And or your best most loyal long term repeat customers and clients!)
6.) Potential profit opportunity # six: And just to piggyback off proven concept # five; once you discover (through) inexpensive A/B split testing which ethical bribe works best for your particular target market, you can and should offer your proven bonus (and or bonuses) to other non competing entrepreneurs.
And just make the best arrangement possible, in order to consistently and inexpensively start generating new first time customers and or clients.
7.) Potential profit opportunity # seven: And finally; let’s say you have a offline potential joint venture (JV) partner(s), that currently has a database of 1,000 or more.
Inexpensively A/B split test by mailing five separate offers to the list, 200 at a time. Track your results. And by that fifth mailing, you should have a pretty good idea of which bonus and or set of bonuses or which P.S. works best!
Hopefully, you can see and totally appreciate “how” a little strategic A/B split testing and tracking, will definitely help you increase profits. Don’t you agree?
Please list at least two simple spin off concepts (in the comments section below) that you can apply to your business, product or service in the next 30 days or less!
As always, if you got any value out of this post, please Google Plus or tweet this.Thanks!
And be sure you grab your explosive free 22 step small business marketing idea kit series, because it will help you increase your profits by at least 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.)
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Hi Mark,
The split testing idea is really great. I would love to try that out. The loved the way you have compiled all potential way of increasing profit.
This post extremely helpful for any business that wish to grow.
Thanks for sharing. Have a nice day!
Nisha Pandey recently posted…WordPress.org VS WordPress.com: Comparative Guide
Thank you for such an awesome comment Nisha!
And hopefully, there are at least a few ways for practically any small business
owner and or service provider to grow and increase gross profits.
No matter what condition there current local economy is in.
Thanks so much for stopping by and sharing your extremely kind and encouraging words!
They are greatly appreciated!
Mark Newsome recently posted…Three More Really Cool Reasons Why Your Business Definitely Needs To Be Using Email Marketing!
Another Excellent post Mark!
I must admit that I do not do enough split testing. It was only 2 days ago that I started reading up more on split testing, so your article is very helpful. I have bookmarked this page, will be revisiting to learn more.
Thanks for posting!
Cheers!
Vivette
Thank you so much for your extremely kind words Vivette!
And remember, A/B split testing doesn’t have to be done
using paid fancy online tools!
If you do any type of phone consulting, just be mindful of of which closing a sale approch to book
either an appointment and or sal works best!
That’s successful A/B split testing!
If you every do any type of paid solo advertising. You run paid solo
ad approach in ezine A and paid solo ad approach B in ezine B and compare you results!
Just be sure you test and contrast and you’ll discover ways of consistently improving your results,
for less and less up front money!
Thanks for stopping by Vivette! Your extremely kind words and continuous support is definitely much appreciated!
Mark Newsome recently posted…Seven Proven Ways To Increase Profits For Under $50 Dollars!
Hi Mark
Split testing is a very good idea.
On my blog I have a “Hello Bar” with two difference opt-in messages at the top of my blog, so that’s one way I’m testing the different messages.
Another way is with an advertising program I use that lets me have unlimited advertising, so I can test as many different headlines as I like.
Thanks for the reminder,
Joy
Joy:
That hello bar sounds like a very creative approach to A/B split testing.
I’m not familiar with it, but that’s what’s so cool about online marketing.
You’re able to automate certain processes and simply let them make the numbers work for you!
That’s great! Thanks for sharing that extremely valuable resource!
Mark Newsome recently posted…Seven Proven Ways To Increase Profits For Under $50 Dollars!