Want to know the 3 levers you have to increase revenue per customer? In this video, I share these strategies and how to think about pulling them. Hint: they can increase your revenue by 33% a year. You"re welcome.
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GoDaddy is the ultimate revenue optimization service.
Have you bought a domain from them lately?
How hard is it to buy a .99 domain?
Yet, did you ever notice that by the time you punch in your credit card details on the checkout page, the transaction has often more than tripled?
Infuriating on one level. Enlightening on another.
So how are they so successful at this?
And more importantly, how can you replicate it in your own business?
The reason for their success is simple…
… they understand the 3 levers to pull to increase the average revenue per customer.
The very same levers YOU can pull to increase your revenue by 33% with just some simple tweaks.
It’s a real gamechanger.
And that’s what I want to share with you in this week’s video.
Here are the 3 levers to making more money:
1. Charge more
2. Increase average transaction size
3. Increase the frequency that they buy
If all you did was increase each one of these by 10%, the compounding effect would be a 33% increase in revenue.
… and it’s not that unrealistic.
So my challenge for you this week is to simply try it, test it, tweak it…
… and then report back with your biggest wins.
If you have any killer strategies to increasing revenues, please leave a comment here.
Here’s to making more money!
Don"t forget to share this entrepreneurial advice with your friends, so they can learn too: https://youtu.be/eLsVpz7lMSU
ABOUT DAN MARTELL
“You can only keep what you give away.” That’s the mantra that’s shaped Dan Martell from a struggling 20-something business owner in the Canadian Maritimes (which is waaay out east) to a successful startup founder who’s raised more than million in venture funding and exited not one… not two… but three tech businesses: Clarity.fm, Spheric and Flowtown.
You can only keep what you give away. That philosophy has led Dan to invest in 33+ early stage startups such as Udemy, Intercom, Unbounce and Foodspotting. It’s also helped him shape the future of Hootsuite as an advisor to the social media tour de force.
An activator, a tech geek, an adrenaline junkie and, yes, a romantic (ask his wife Renee), Dan has recently turned his attention to teaching startups a fundamental, little-discussed lesson that directly impacts their growth: how to scale. You’ll find not only incredible insights in every moment of every talk Dan gives – but also highly actionable takeaways that will propel your business forward. Because Dan gives freely of all that he knows. After all, you can only keep what you give away.
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