How To Grow Your Business and Multiply Your Profits
There are only three ways to grow any business:
1. Increase the number of your customers
2. Increase the average transaction value
3. Increase the frequency of sale
With this in mind, the following calculator will help you decide on the combinations of possible ways you have to grow your business to achieve a given turnover / profit.
Number of
Customers
Average Transaction Value
Number of times they buy
Turnover / Profit
Current Statistics
Desired Turnover / Profit
Solutions, or what you have to do
Increase customers
1,000
Increase Transaction Value
Increase frequency of sales
The above illustration shows what you need to do to achieve your desired turnover by only acting on one principle. You have the option of working on two factors or more that will realise your target much quicker and has the potential of increasing your turnover exponentially.
Number of
Customers
Average Transaction Value
Number of times they buy
Turnover / Profit
Increase customers and frequency
Increase customers and average sale value
Increase average sale value and frequency
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© 2009 Peter Bestel
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