I just finished our live Profit and Dine coffee session here in Dubai.
After just 60 minutes our participants had some practical real takeaways they could take back to their business this afternoon.
Namely, the clarity to know where they should be spending their money to get the biggest bang for the buck so to say.
Let me ask you a question.
If you knew the answers to the following 5 questions, would you be able to drive up your profits 5x?
- Who are my most valuable customers
- Where can I find more like them?
- How much do I need to invest to get them
- How can I get more of my existing customers to purchase more repeatedly with me?
- How can I get more of my existing customers to increase the size of their orders with me?
- How much will my different customers spend with me from beginning to end?
- How long will it take a customer to pay back the investment I made in them?
Identifying and tracking one metric will give you the answer to these questions.
It will also bring you a big advantage vs your competition which I will touch on tomorrow.
One of the participants is already implementing the insights in just his first hour back in the office.
He if focusing on retention, recurring revenue and subscriptions, and optimising his email campaigns.
Not only to 5x his profits but to double or more the value of his business on the back of leveraging this metric.
Customer Lifetime Value
Are you tracking and measuring it?
P.S. I work with ambitious business owners ready to step back from the grind and step up into a high-impact role that frees their time, drives up the value of their business, creates a lasting legacy, positions them for a successful exit, and delivers the life they set out for when they started.
Through our Socratic Success System, you gain the clarity to discover solutions tailored to your needs—allowing you to effortlessly implement real, lasting changes that transform your business to fulfill the dreams of why you created it in the first place – starting today.
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