If you want to increase revenue in your business, use these 6 tips - 3 obvious and 3 non-obvious.
Alexander Kovalov
0 replies
1/ Increase your Average Order Value (AOV)
Consider offering discounts on additional products/services or prepayment options for longer periods.
2/ Create multiple sales funnels
Tailor them with proportionately different Customer Acquisition Costs (CAC) for varying Average Order Value (AOV).
3/ Raise your product price by 10x
Think about what would you need to change in your product/offer to justify this increase? And what value you need to provide for 2x the price? Start with this.
4/ Shift from B2C to B2B
Explore the benefits of catering to businesses rather than individual consumers.
5/ Cut development costs in half
Then, double your spending on sales and marketing. Focus on what drives revenue.
6/ Stop wasting time on small markets
Find a bigger market to tap into and grow your business exponentially.
🤔
No comments yet be the first to help
No comments yet be the first to help