Which Metric Could Be Causing More Work for You Without You Realizing It
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If you have been with me for some time, you know that I like numbers a lot, but it can be overwhelming to track tons of data and numbers without understanding what they tell you about your business and more importantly about your customers!
Today\\u2019s metric is one I think a lot of business owners tend to overlook and could help improve results without having to work exponentially more to get those results. If you don\\u2019t know what\\u2019s happening in your customer\\u2019s journey to buy from you, it\\u2019s hard to identify what changes to make. More importantly it is very difficult for you to really identify what activities are happening that are causing the greatest return on your effort, right? Today\\u2019s episode is all about metrics that are making you lose something very precious: time! Time is money, money lost is time spent for nothing. Let\\u2019s stop working harder than you need to. Join me and let\'s get started!
Biggest Takeaways:
- The #1 business model we aren\\u2019t aware we are in that can shift our perspective of how we do business.
- When you only have one time purchase, you\\u2019re working harder than you need to.\\xa0
- This metric accounts for one time purchases which means your business is working harder than necessary to make sales.
- When you understand the three pieces of profit there\'s going to be opportunities for you and your business.
- Not all customers are created equal.
- It is possible to make more money by doing less.\\xa0
- Think out of the box.
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Highlights:
- The number one metric [02:02]
- How do we define churn for your business [03:21]
- How to get opportunities for you to spin off and be able to engage with them [10:17]
- Strategies to see more referrals [10:40]
- It is not about a magic equation, it\\u2019s all about the strategy for you [13:19]
- Create a business model that works for you, with consistent income [13:54]
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Grab a seat at this once a year ah-mazing training series all about how your business can add a recurring income stream using memberships to help you make consistent money while you help more people! It starts April 22 \\U0001f449 http://www.susanmcvea.com/tribe
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Sponsored by:
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Send me your burning questions:
Send me your questions and I will profile you here on an upcoming show.
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