Discover the Secrets of Marketing That Works Exposed: 47 Time-tested Strategies To Boost Sales, Get Famous & Put Cash In Your Pockets - Fast! (Michael X. Branson, 2014)
- Mentality is important: accept there is money in your local marketplace, take advantage of the opportunities the recession created, make decisions based on numbers and not opinions
- Know your numbers
- Leads x sales conversion = customers
- Customers x average transaction value x transaction frequency = revenue
- Revenue x margin = profit
- Lifetime value (LV) = profit / customers
- Cost Per Customer (CPC) = marketing investment / customers
- Cash on Cash Return (CoCR) % = LV / CPC x 100
- Know where your customers come from
- Run competition, privileged club and continuity programs
- Write to woo customers’ emotions and not their logic - write and submit informative and educational articles online
- When everybody is your customer, nobody is
- Developing unique selling distinction = purple cow
- Customise promotions & sales for every customer - up-sell, cross-sell & down-sell