Lack of cash flow and profitability in your business is one of the greatest forms of stress in any business. But when you can predict your sales, it gives you peace of mind and enables you to focus on the lowest common demoninator to serve and add value to your customers.
It IS possible to predict your cash flow by knowing the leading indicators by knowing what does and doesn’t makes money in your business.
I will show you how to build a predictable profit chart and once you know your winning formula, you can tweak and amplify it to dial up your business as much as you like just by adding more into the top funnel in your marketing.
Before we start, know your numbers and what services and value you’re offering. This will help you determine what works and makes money in your marketing, and what doesn’t.
The Key numbers you need to know in your business are:
– Conversion rate.
– Average dollar sales.
I asked my client Adrian to list down his average dollar sales on every single one of his products. Then we listed down his margins (cost and profit made). Finally, we looked into his conversion rates and for the sake of this video, we’ll say his rates were 50%. This helped Adrian determine his quoting system to sell these products so that he could make his profit.
It enabled him to set an exact quoting system and sales target in order to build a predictable process to making money.
This video explains in more detail with two major examples on how you can implement this system to predict your profit.
Learn how to build your predictable cash flow system to ease your burden and propel your business to profit making success with my simple and proven 4-IT System at http://www.RobKropp.com