The money making formula for all businesses

Mondo Social Updated on 2024-01-30

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Unit value: **Like waves in the ocean, constantly floating, it does not exist in isolation. It has always been closely linked to the unique value that the products we sell give to people. In short, as long as the value of the product is far more than **, no matter how much higher, people are willing to pay for it.

Repurchase rate: Many people mistakenly believe that once a deal is made, it means that everything is over, thus ignoring the crucial post-purchase process. However, this is precisely the biggest misunderstanding. In the causal cycle, the end is the beginning. Only by carefully building after-sales can we open a new chapter;It is only through quality repurchase services that our business can expand exponentially. If we want to push our business to new heights, we must firmly grasp this key link!

Flow: Traffic is your cornerstone, just like a steady stream of people, channels and resources converge. They are the source of your business, like ingredients in the hands of a chef, ready to cook delicious meals. If you want to make a big deal, the key is whether you have enough traffic.

Conversion rate, this word seems to reveal the inextricable connection between traffic and customers. It represents the stickiness, trust and control between traffic and customers, just like the chef's delicate handling of ingredients. When traffic converts into customers, you need to master the conversion skills to guide them just right so that customers willingly become your loyal fans.

The conversion rate determines your victory or defeat on the business battlefield. How to select the most suitable prospects from many resources, and how to convert potential customers into real revenue, all of these are inseparable from the help of conversion rate. Only by mastering the conversion rate will you be able to act like a chef and turn ordinary ingredients into delicious dishes that customers will keep coming back for more.

The money-making formula for business:

Sales: traffic x conversion rate x average value x number of purchases.

The four elements of business:

Content - For drainage.

Personal branding- For conversions.

Product line - the unit price of Ding customers.

Interact with the property - repurchase for Ding.

If you're doing business without any of the four elements, like a building without a solid foundation, it's likely to collapse. In this business world, you are a commodity, and you will be invincible when you work with a business mindset.

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