In order to build best online businesses, you need to start by drawing maps of how you want your business to look. After you have built out all of the maps, you know who it is you are going to hire. You may start to have a look at doing some outsourcing. Once you have built all this, where to after that? You can check out then really starting to fine tune your business.
That’s when you start to look at the five ways that you can grow a business. This comes from Jay Abrahams. There are really only 5 ways to enhance any business. You can increase the number of leads that are coming through your business. You can increase the rate that you are changing those leads. You can increase the average sale, so how much you are basically getting that person to buy. You can increase the margin, as in how much money do you make when you sell something. So an information product we make, perhaps 10x our cash while when we sell a band t-shirt we’d only get 100 percent mark up. Then ensuring we make them repeat sales.
They are really the five things on how to grow your business using optimize press review. I am working on a little project now. I probably need to come out with a product at some particular point in time. Just about I am working out underneath each area of my business: so under leads, under conversions, just coming up with what are the best thirty strategies for each of the ones that I’m working on. This is something that I am still working on now but all of those secrets are tested.
All you need to start to contemplate when you get to this point is perhaps you start to do one thing under each category each month. So your business could have matured, so now you begin to think what is one new way that I could generate some additional leads? What’s a fresh way that I will increase the conversion? What is one new way that I am able to increase my average dollar sale? How am I able to barely increase my margin? What’s one new method I will introduce to get clients to come back or add referrals or that type of thing?
That is what you want to contemplate as you move into the tail end of maturing that business. How do you eat an elephant? There’s a lot of work that has to be done.
Important things first, this comes from Rich Schefren, I might do nicely timed learning. Don’t purchase a lot of instructional material immediately. Only purchase courses when you get to that placed in your business. You learn that piece as you want it. Instead of buying something and then thinking, oh, I will reserve it till I can that point, don’t fret about that, one piece at a time and do nicely timed learning.
At the start of each day, make sure that you focus on the 3 most important outcomes and roles that you need to do that day for best online businesses. Line that out upfront so you know what it is that you’re going to be working on for the day. It only needs to be three ; often I struggle.
Now I’m still trying hard to get one or two crucial jobs done for the day. It’s so easy for all the noise to come up, but if you have got your maps planned out and you know what it is you need to be doing next, you might be able to intuitively know. You’ll say, this is maybe the next thing I want to be working on. Then you need to start every day doing whatever that next piece is. Do that first at the start of the day before all of the noise and everything comes in and you start checking your e-mails and before you know it, it’s 4.30 and you’re thinking about finishing up for the day.
You don’t have to be perfect, just get it going and the real key is focus.
So the bullet point plan from here, make the maps. Just think about your own business, find out where the service is, find out where you are exchanging time for bucks, target that first. Think about how you can build a business where you are able to add in other elements where potentially you can begin to step out. Once you start to step out, you are going to be putting yourself in a much better place because you don’t get caught up in the day to day.
Then begin building a team that’s going to help you do that for best online businesses. Then stay focused and just keep following thru that plan.