Dirkjan: Created page with "In The Personal MBA it is mentioned that there are only four methods to increase revenue: =Key Points:= * There are only four ways to increase revenue: *..."

2020-08-25T08:11:54Z

Created page with "In The Personal MBA it is mentioned that there are only four methods to increase revenue: =Key Points:= * There are only four ways to increase revenue: *..."

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In [[The Personal MBA|The Personal MBA]] it is mentioned that there are only four methods to increase revenue:

=Key Points:=
* There are only four ways to increase revenue:
** Increasing the '''''number of customers'''''.
** Increasing '''''average transaction size'''''. Try to get each customer to purchase more.
** Increasing the '''''frequency of transactions per customer'''''. Try to get each customer to purchase more often.
** '''''Raising your prices'''''
* Remember the lesson of [[Qualification|Qualification]]: not every customer is a good customer.
* Always focus the majority of your efforts on serving your ideal customers. The more ideal customers you attract, the better the business.

=Questions for Consideration:=
* How can you use the 4 methods to increase your business’ revenue?
* How can you encourage your customers to become more like your ideal customer?
[[Category:mbi]]

[[Category:The Personal MBA]]

Four Methods to Increase Revenue - Revision history

Dirkjan: Created page with "In The Personal MBA it is mentioned that there are only four methods to increase revenue: =Key Points:= * There are only four ways to increase revenue: *..."