‘How to Make a Lot of Money With a Few Customers’ – Entrepreneur
Carol Roth says, “I wear many professional hats, but one of my favorite ways to work with clients is to help them monetize their customers. And, while I work with some of the largest brands in the world, I derive a lot of personal satisfaction from smaller clients — the ones whom I have helped make millions with small, niche customer bases.
So, how do you get to six- or seven-figure success? Here are some of my secrets.
Do the math.
How many active customers do you have? For every thousand customers, for example, every $100 worth of products or services that you sell them per year nets you six figures and every $1,000 you sell gets you a million dollars in revenue for the year.
Now, that may seem like a lot, but $1,000 a year is less than $100 a month or $25 per week, so work out how often you need your average customer. This helps you to re-focus your business strategy and tactics”.
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