STO11: How to Increase Average Customer Value

By John Dennis on Mar 24, 2014 in Podcast | 0 comments

Click here to subscribe to the ‘Smart Time Online Podcast’ in iTunes

If you’ve owned or operated a business, you know how important it is to increase average customer value. It can make or break a business, yours included, if it goes ignored.

While sifting through my podcasts episode topic idea bank, I started thinking that if someone understood the concept of increasing average customer value, they’d be more well equipped to deploy the business-boosting strategies that I’ll be releasing in future episodes of the Smart Time Online podcast.

So, in this episode, we dive into the strategy of increasing your average customer value and average visitor value, by first explaining the formulas for finding these current numbers in your business.

Before we get into the meat and potatoes, though, we first explore Jay Abraham’s ‘3 Ways to Build a Business (the only 3 ways)’ teachings, to make sure you understand the foundation that this strategy is built upon.

The (only) 3 ways to build a business are:

Get more customers
Increase average transaction value
Increase the frequency of repurchase (more residual value)

As you can imagine, if you were to do these things in your business, your income would be unprecedented. So, this episode focuses on the “HOW”, rather than explain the definitions of these 3 strategies (although I do briefly review that).

IN THIS EPISODE, YOU’LL DISCOVER:

The exact strategy to grow your business exponentially
How to calculate your Average Customer Value
How to calculate your Average Visitor Value (so you know how much to spend on traffic)
Jay Abraham’s The Only 3 Ways to Build Your Business strategies
The specific funnel formula for growing your business online
What to focus on to grow your average customer value
… much more.

ACTION STEPS:

Understand and memorize Jay Abraham’s The Only 3 Ways to Build a Business strategies.
Deploy these strategies with every business, product and serve you have.
Deploy an online conversion funnel in your business IMMEDIATELY.
Utilize the STO Average Customer Value and Average Visitor Value calculator (link below).
Share this episode with your friends, family, and colleagues!
Like some help? Click here

RESOURCES AND LINKS MENTIONED IN THIS EPISODE:

Average Customer Value Calculator/Formula – Calculate your Average Customer Value AND Average Visitor Value (linear funnels only)
Done For You Online Conversion Funnel System – My conversion funnel system – $997 (done for you)