|5 Ways to Profit|
If you wanted to plant fruit trees and your goal was to harvest the fruit, would you start by picking fruit from the trees? No. The tree hasn’t even been planted yet.
The point? A lot of times as business owners our focus is in the wrong place. We shoot straight to revenue and profit, but from our example above, we can see that this is like picking fruit that hasn’t even been grown yet.
Profiting, then, is as much about beginning at the right place as it is about making money. So, where does one start?
First, think of profit this way: P.R.O.F.I.T Proven Results Offer Financial Independence Today. The key operative in this acronym is “proven results”. A system cannot be proven until it is tried, tested, and measured. So, let’s begin by looking at a tried and true “Formula” for profit and grow our success from there.
|Ave $$ Sale||+%|
|# of Transaction||+%|
|Revenue||$||$||This is +%|
|Profit||$||This is +%!|
So, we see that some relatively small improvements can generate a massive improvement in profitability. Sign up for our Newsletter and see our full function Five Ways To Profit Calculator, which can help you and your business succeed!
The key here is taking things in the right order, and applying the right tools to the 5 ways to achieve these results. One of the most important things is staying away from advertising as your initial focus–it is rarely the right place to start.
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