{"id":123,"date":"2021-04-16T17:20:22","date_gmt":"2021-04-16T17:20:22","guid":{"rendered":"https:\/\/tspbizpro.com\/blog\/?p=123"},"modified":"2021-04-16T17:20:22","modified_gmt":"2021-04-16T17:20:22","slug":"22-increase-in-pay-for-just-one-no-cost-idea","status":"publish","type":"post","link":"https:\/\/tspbizpro.com\/blog\/22-increase-in-pay-for-just-one-no-cost-idea\/","title":{"rendered":"22% Increase in Pay for Just One No-Cost Idea"},"content":{"rendered":"\n<p class=\"has-drop-cap\">Most every business owner knows the easiest and most cost-efficient sale is to a current customer. The customer already knows the business, they trust them, and like them&#8230; all the ingredients necessary to make a sale. Getting more transactions from current clients is a way to skyrocket your profit. Yet, most business owners make no discernable effort to do so.<\/p>\n\n\n\n<p>Let me give you an example of how one no-cost idea can lead to a 22% increase in pay for a small business owner that wants to take the time to get tactical in their business.<\/p>\n\n\n\n<p>Take a Florist for example: The Florist sees most men only a few times per year&#8230; wife&#8217;s birthday, Valentines Day, Anniversary, and Mother&#8217;s Day. Yet, the Florist typically makes a sale on only one of those occasions, not all four. The Florist typically doesn&#8217;t take the man&#8217;s name or email address for further communication (like a drip campaign) and sales opportunities. The Florist makes the sale in front of them and hopes the man comes back again in the future.<\/p>\n\n\n\n<p>That&#8217;s what is called a Linear sale. And it&#8217;s pretty typical.<\/p>\n\n\n\n<p>Unfortunately, this is a prime example of linear growth or decline most small business owners are also stuck in.<\/p>\n\n\n\n<p>While we deal in exponential growth, the scenario I&#8217;ll explain below is only one very basic <em>element<\/em> of exponential growth. Let&#8217;s see how it plays out for a Florist using some industry averages.<\/p>\n\n\n\n<p>What would happen if that Florist offered a VIP package that automatically sent flowers to the men&#8217;s special someone four or five times per year covering all the dates important to her (plus maybe mail a signed card or email an e-card or send a smaller bouquet AUTOMATICALLY for those other occasions so it&#8217;s never late or forgotten) but the guy pays only once &#8211; annually? Or, he could make 4 quarterly payments, tapping his credit card automatically.<\/p>\n\n\n\n<p>Not every guy would buy a $400 VIP package, but that&#8217;s not the point. Say two out of ten agreed to participate in the Florist&#8217;s new VIP Plan. That&#8217;s 4, maybe 5, more transactions per year with no marketing costs. What if the Florist saw 100 men walk-in to the flower shop on each one of those special occasions and closed 20 on on a VIP package each holiday?<\/p>\n\n\n\n<p>So, 400% to 500% increase in that category of sales simply by being prepared and asking.<\/p>\n\n\n\n<p>The average margin for flowers is 75%. Say, hypothetically, the Florist sold these VIP packages at $400 each. That&#8217;s a gross profit margin of $300 on each package. That&#8217;s $300 x 80 (20 men X 4 occasions = 80) new VIP packages or $24,000 annually. <\/p>\n\n\n\n<p>At an average net profit of 20% of revenue, that&#8217;s $6,400 annually. While not huge money, when you consider the average Florist&#8217;s income is $29,195, that $6,400 profit amounts to a 22% pay increase for the owner. <\/p>\n\n\n\n<p>I&#8217;m pretty sure a Florist making $29,195 per year would jump at the chance to make $35,595 if the cost to do it was $0. This is just one simple idea of many that costs absolutely nothing to initiate. All it takes is a little thought and preparation. <\/p>\n\n\n\n<p>Additionally, as these holidays are recurring, so the income will also be recurring.<\/p>\n\n\n\n<p>As mentioned earlier, this is just one example of how to grow your business exponentially. When you add in cross-selling (&#8220;Would you like fries with that?&#8221;) and upselling (&#8220;Would you like that super-sized?&#8221;), now you&#8217;re impacting multiple areas that compound growth. <\/p>\n\n\n\n<p>McDonald&#8217;s saw how simply asking, they sold more large fries and more large drinks simply by asking &#8211; adding billions of dollars to their bottom-line. If a sixteen-year-old kid working the counter at McDonald&#8217;s can do it, so can you.<\/p>\n\n\n\n<p>If you need help, let&#8217;s talk or go <a href=\"https:\/\/tspbizpro.com\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><em>here to download my book for FREE<\/em><\/strong><\/a> that tells you everything you need to know to find $10,000 in your business without spending another dollar in marketing or advertising.<\/p>\n\n\n\n<p>You can also click this link to take a guided tour of our <strong><em><a href=\"https:\/\/tspbizpro.com\/guidedtour\" target=\"_blank\" rel=\"noreferrer noopener\">Do-It-Yourself E-Learning Marketing System <\/a><\/em><\/strong><\/p>\n\n\n\n<p id=\"increase-in-pay\">If you want to see how <strong>we&#8217;ll find more than $100,000 in new recurring revenue in your business without spending another dollar in marketing or advertising,<\/strong> <a rel=\"noreferrer noopener\" href=\"https:\/\/tspbizpro.com\/prep\" target=\"_blank\"><strong>watch this brief video<\/strong><\/a> to see how we do it and how we&#8217;ll do it specifically for your business for FREE!<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><a href=\"https:\/\/tspbizpro.com\"><img loading=\"lazy\" decoding=\"async\" width=\"316\" height=\"256\" src=\"https:\/\/tspbizpro.com\/blog\/wp-content\/uploads\/BizPRO-Get-A-Bigger-Slice-Logo-02R-1.png\" alt=\"\" class=\"wp-image-126\" srcset=\"https:\/\/tspbizpro.com\/blog\/wp-content\/uploads\/BizPRO-Get-A-Bigger-Slice-Logo-02R-1.png 316w, https:\/\/tspbizpro.com\/blog\/wp-content\/uploads\/BizPRO-Get-A-Bigger-Slice-Logo-02R-1-300x243.png 300w\" sizes=\"(max-width: 316px) 100vw, 316px\" \/><\/a><\/figure><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Most every business owner knows the easiest and most cost-efficient sale is to a current customer. The customer already knows the business, they trust them, and like them&#8230; all the ingredients necessary to make a sale. Getting more transactions from current clients is a way to skyrocket your profit. Yet, most business owners make no [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[14,13,15,16,17],"_links":{"self":[{"href":"https:\/\/tspbizpro.com\/blog\/wp-json\/wp\/v2\/posts\/123"}],"collection":[{"href":"https:\/\/tspbizpro.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tspbizpro.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tspbizpro.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/tspbizpro.com\/blog\/wp-json\/wp\/v2\/comments?post=123"}],"version-history":[{"count":3,"href":"https:\/\/tspbizpro.com\/blog\/wp-json\/wp\/v2\/posts\/123\/revisions"}],"predecessor-version":[{"id":127,"href":"https:\/\/tspbizpro.com\/blog\/wp-json\/wp\/v2\/posts\/123\/revisions\/127"}],"wp:attachment":[{"href":"https:\/\/tspbizpro.com\/blog\/wp-json\/wp\/v2\/media?parent=123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tspbizpro.com\/blog\/wp-json\/wp\/v2\/categories?post=123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tspbizpro.com\/blog\/wp-json\/wp\/v2\/tags?post=123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}