BOOST YOUR PROFITS
MAXIMISING YOUR PROFITS
In a world where we spend what we earn, protecting and more importantly growing your profit is essential.
Firstly, if you want to drive more profit you have to make more sales.
HOW DO YOU INCREASE YOUR SALES
Sales = Customers X Amount of spend X Frequency of spend
You now have to look at each of these sales drivers individually as in turn, these will have an effect on your profit.
The biggest problem with most businesses is that they only focus on one of these drivers – customers.
THE NINE DRIVERS OF PROFIT
If you’re busy trying to win more and more customers your business could actually be much more profitable if you spent time looking at their average spend and frequency.
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Let us show you the Incredible power of 10!
What if your business could improve the following drivers of profit by 10%?
|Your Current Performance||Your Current Numbers||Improvement Factor||Your NEW Numbers|
|Number of Potential Customers||12,500||10% (12,500*1.10)||13,750|
|Conversion Rate||10%||10% (10*1.10)||11%|
|Your Number of Customers||1,250||1,513|
|Number of Transactions per Customer||2||10% (2*1.10)||2.2|
|Average Value of Each Sale||€50||10% (50*1.10)||€55|
|Your Current Total Sales||€125,000||€183,013|
|Your Net Profit Percentage||40%||10% (40*1.10)||44%|
|Your Resulting Net Profit||€50,000||€80,526|
By focusing on effecting a 10% change in the ‘drivers’ of profit, this business benefited from:
• 46% increase in sales
• 61% increase in profit
Or, an extra €30,500 of profit in your and your family’s pocket!
Now apply this process for 2 years in a row and you will experience
• Sales increased by 114%
• Profit increased by 159%
That is an extra €79,687.00 in profit in your and your family’s pocket.
Benefits for you
More money in your business.
More time to do the things that make you happy.
More time with your family and loved ones.
A retirement plan with a reduced working life.
More money in your personal finances.
Less stress, anxiety and worry.