How Leads For Your Business Can Generate Cash Flow?
Leads are not just your potential customer’s data- name, email, phone number and address. It can be your perpetual cash generator- today and many tomorrows. If you value your regular customers, some of these leads become income generator for many years. Even in today’s internet generation, business branding goes long ways. As it is often said loyalty generates loyalty.
You do not have go too far to understand the concept.
Have you heard of Jeff Bezos?
He is the richest man in the world with many BILLIONS! His path to success was paved via leads. As success was not coming fast enough for Amazon in 2005, Bezos decided to create a membership to build loyalty with a solid membership base. That eventually became foundation of his company. Today Amazon has well over 100 million prime members. They are most profitable buyers.
Of course, not all businesses collecting lists are rich as Bezos is. But Bezos proves that having a list can yield success. As a businessperson you must recognize the value of your list- your customers. Having a list and communicating with your clients on the list can help you predict your path as a busines owner. Your list can enable you to know how much each customer spends. The truth is that customer is always right; but if you serve them rightly, they can be loyal too!
If you have list, you may want to enhance the list and ensure that you are giving special consideration to your valued customers. To realize the significance of the list, let me show you an example.
You have 1000 customers spending $100 each year. Your total earnings are $100,000.
If you want to double your revenue, you can increase the list to 2000 customers or entice your 1000 customers to spend $200 instead of $100. Of course, both options can be pursued. The easiest path will be to increase your list. If you want to be successful in the business, your marketing efforts should be twofold: Increasing your list and increasing amount each customer spends in your business.
In general, a good rule of thumb in the information business is $1 per list member per month. If you use that rule, if your goal is to make $50,000, then you will need to have list of ($50,000/ $12 per member) 4200 subscribers. You need to collect over 350 subscribers per month.
The main for question for you, is it possible for you to collect the subscribers list to meet your goal. It is essential, then focus of your business ought to be to generate the list. The list is the best resource for if you are to launce any special promotion or introduce new products.
All you need to do is leverage the right tools to make list building simple, easy, and inexpensive. There are many tools available for you to achieve that.
Interestingly, there is a new system that is a revolutionary because it makes list building simple and dependable. It also helps you build faster and be accurate at the same time.
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