Business Online Scaling Strategies
Everything you need to know to build and scale a business online
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Hi, my name is David Loke and did you know that the most important part of any business online to thrive is not your offer, your brand, or your market?
I know it sounds crazy because we’re so used to hearing about product and market match, and while that is important, I’m going to share three mistakes with you today that’s going to revolutionise the way you look at how you run your business online.
So what is the most important part of your business online?
It’s the profit margin.
So the first mistake is, you stop advertising because it is too expensive.
The big idea here is Advertising is the fastest way to reach your market to give you consistent income.
This is important because if you have a great product, you need to have it out in the market fast before your competitors do. If you stop advertising, nobody will learn about your product. You're toast as far as making your business online success. The business that can spend the most to acquire a customer — wins!
The second mistake is the volume of sales will make up the profit you needed.
The main thing to understand here is that you will soon find that the more you sell, the more you will lose.
This means many businesses online cut their prices to win the customer thinking that they are making a profit. But they didn't factor in other hidden costs associated with running the business. The cost of running a business will always be on the rise..
The third mistake is to reduce the quality of the product to maintain or decrease the price.
Your clients buy from you because of the value you can give them.
This is key because when you reduce your product quality, you will not just get no new customers, you are also losing your loyal customers! This is one of the most deadly decisions any business can make just to maintain or reduce their prices. It is not just business online.
Now, I know what you’re thinking.
It’s hard to avoid these mistakes because the competition is made up of mega-companies and they are just too strong..
Well, the tricky thing is that most mega-companies are strong, but they are also slow. The competition today is not about how big your company is, but how fast your company is. They will also fall into the same trap as you when competition sets in.!
And so I’ve discovered this Business Online Scaling Strategies Blueprint Webinar you can use this blueprint as a template to see which area of your business needed adjustment to increase profit margin.
And I, as co-founder of ReadySpace, a cloud service provider who has created and helps multiple million-dollar businesses selling products and services online for more than 15 years, what I do is to find the patterns of what successful (and failed) companies do to get to where they are today. I also gathered all the failures and found the solutions to them. Then I pull in those patterns and solutions, I tear them apart to see what actually works, and then I combine them and created a blueprint that is easier for you... no experience required.
So what I’ve done is I’ve created this amazing, blueprint so you can look at it anytime when you are facing a roadblock when running your business online.
If you click the link, you can sign up for Business Online Scaling Strategies (B.O.S.S) today.
We also have Super Salesman Stack, systems, tips and tricks that will help guide and bring your business online to the next level., but today I’m talking about the Business Online Scaling Strategies Blueprint Webinar, which is amazing.
I'm David Loke and I can’t wait to see you on the inside.
Have a great day.
Your Instructor
https://facebook.com/readyspace | https://youtube.com/readyspace | https://linkedin.com/company/readyspace
Having years of experience in generating new business revenue through market and product and development.