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In our current economic climate, companies of all sizes are struggling. So, what’s the difference between the ones that survive and those that fail? The answer is: multiple flows and tools to feed their growth. In this article, I reveal business transformation strategies that I’ve used to add millions to my top line.
As I said, the most successful entrepreneurs have an arsenal of ways to expand their organizations. If you only have a few techniques, you are actually living dangerously – and not in a good way.
You are then at risk when the market changes or that method no longer works.
Over my 30-plus years in the game, I have used these business transformation strategies to add millions. As a result, they are adaptable across industries and markets. With that in mind, let’s dive into these practices so you can start seeing more revenue opportunities.
As an entrepreneur, you must keep reaching for the next level of success.
First, I am going to talk about the most important one of all: marketing. Why is it No.1?
Because I did not prioritize promotion sooner, I lost out on massive amounts of business. And, I don’t want you to make the same mistake.
Customers don’t buy from companies or people they don’t know. The only solution is to put yourself, your brand and your company in the spotlight. Also, you have to do it constantly and consistently or it won’t matter! There is a lot of noise out there; but frequency will get you in front of the right audience for your product or service.
Mastering this business transformation strategy alone can add millions. Take advantage of free social media platforms and get known. In the meantime, make sure you know your value.
The next topic is the biggest excuse business owners use for losing sales to competitors:
“The other guy sells it for a lower price down the street.”
The fact of the matter is that this justification is proven wrong time and time again. Consumers buy overpriced products all the time. Luxury cars. Designer clothes. Gourmet food. It all costs more, but people happily pay for these daily.
The secret to all of those sales is one thing: value. Once you fully understand this, you never have to lower your price – ever. Then, your approach becomes showing the advantages and features that matter to your customer.
This is one of the first business transformation strategies that resulted in incredible revenue for me. I suggest you invest into implementing the following action.
This is an unpopular thing to say, but I have seen no evidence to disprove it. There are no business giants run by solopreneurs. These mega-corporations may have brilliant CEOs, but they also have huge workforces. It only makes sense that you need a strong team to reach great goals.
I promise you that you are not saving capital by refusing to hire. What you’re doing is staying small. Hiring the right employees is a game-changing strategy that frees you to do what you do best. At the same time, it allows you to accomplish more.
And as an entrepreneur, you must keep reaching for the next level of success.
Ultimately, these business transformation strategies will help add millions in income. However, the legends of business are always chasing further milestones. For that purpose, they are regularly seeking more training and strategies to add techniques to their playbooks.
Never be satisfied. Keep learning. And, be great.
A New York Times bestselling author, Cardone is the world’s No. 1 sales trainer and an internationally renowned speaker on leadership, real estate investing, entrepreneurship, social media and finance. His privately-held companies have annual revenues exceeding $100 million. Forbes named him No. 1 of the “25 Marketing Influencers to Watch in 2017.” He regularly appears on Fox News, Fox Business, and MSNBC and writes for Forbes, Success Magazine, Business Insider, CNBC, and Entrepreneur. He urges his followers and clients to make success their duty, responsibility and obligation. He currently resides in South Florida with his wife and two daughters.
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