I want you to take a good, hard, honest look at your business.
Think about it in detail. Think about your customers and how they find you. What they want. What they need. What they drool over.
And then think about your competitors and what they’re doing. How are they making their money?
I want you to let all this roll around inside your head for awhile.
Why do I want you to do this?
Because if you really sit down and think HARD about where your profits are coming from, you’ll start realizing just how much you’re actually LOSING.
You see, every business on Earth has hidden profit centers they don’t think about. These are streams of income they COULD be making, but aren’t.
Here are a few examples…
- Many offline businesses build up massive amounts of names on their database, and then rent those names to people for a few pennies per name. While 8 or 10 cents might not seem like much, it adds up when you have a million names 🙂
- When you hit a thank you page of most people, it’s blank and bare. You get your downloads and move on. And then you never hear from them again. One easy profit center you can add is either having a followup series for your buyers… and/or having additional and related offers on your thank you page. If you have partners on this page, you can also get your product on THEIR pages.
- If you have an overflow of clients and can’t take them all on, one simple idea you can do is hand them off to someone else in exchange for a cut of the profits they make. That way you get to help the prospect as well as make a few bucks on the side.
Those are just 3 hidden profit centers very few people think about. Let me be clear… EVERY business has untapped profit centers they could be exploiting to increase their profits.
I make it a regular habit to look at my own business each quarter and re-analyze it to see if I had previously missed any hidden opportunities that I know see, and can take advantage of.
This is also something I do with my private coaching clients. And it can lead to enormous breakthroughs in business growth and profit.
Take a minute to figure out what types of hidden profit centers might be lying in your own business, waiting to be mined.
And then go mine them!
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