Rabu, 13 November 2013
Double Your Business Results Using The Penny Model
Doublig your busiess results is much easier tha may you realize. Especially, whe you ca implemet a mildr process, you CHANGE how you THINK. Before itellectualize how to double your busiess results, I would like to share with you the pey model. Usig this approach YOUR busiess results DOUBLE i 30 days.
Begiig o Day 30, you ow have a pey. By Day 60, your oe pey has grow to 2. Withi 3 moths or 90 Days, you have 4 peies. Are you startig to get the picture?
Cotiuig o with the Pey Model, your fortue starts to look somethig like this:
Day 120 – 8 peies
Day 150 – 16 peies
Day 180 – 32 peies
Six moths have ow flow by ad you have icreased your pey 32 times. Wow! Ad you thought doublig your busiess was ot possible.
Day 210 – 64 peies
Day 240 – 128 peies
Day 270 – 256 peies
Day 300 – 512 peies
Te moths later your are ow securig a 512 retur from that iitial first pey. Yet, the best is still to come.
Day 330 – 1024 peies
Day 360 – 2048 peies
A year has ow passed ad that oe, sigle pey ow has the value of 2,408 peies, far more tha doubled. Ad eve if for some reaso, you did’t achieve 2,408 peies, would you complai if you oly had 128 or eve 32? I thik ot.
Okay, “So what does that mea for my busiess?” you may be askig yourself right ow? Plety ad let me explai why.
Let the pey represet your daily actios or motio. For example, you call 100 people, speak to 20 of them, schedule 5 appoitmets ad receive oe sale. By icreasig your calls o a daily basis for the ext two weeks to reach aother 10 people each day, you will have aother sale at the ed of two weeks.
Or maybe you curretly schedule oly 3 appoitmets per week ad it took you 50 dial ups (umber of time attemptig to cotact a potetial sales lead) from the previous week to secure those 3 appoitmets. By doublig your dial-ups to 100 per week, you would ow have double the appoitmets to 6. Give your close ratio, you could double or triple your busiess withi a very short time.
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Eve if you believe that you ca’t double your phoe calls (your belief system may be aother reaso why you ca’t double your results ad that’s a etirely differet article), cosider what would happe if you icreased your performace by just 10%. A 10% icrease i effort, which is’t that much more, ca be compared to a pey to a dime or a dime to a dollar.
If I am curretly averagig $52,000 i sales per year, 10% would mea a additioal $5,200 or just $100 more per week. Usig your sales ad trackig umbers, which I am sure that you have, you will kow exactly how may calls you will have to make to icrease your weekly sales. Maybe it is just a case of up-sellig or eve askig a good cliet for a referral.
The Pey Model is a very mild way to see how quickly your motio ca double your busiess results. All you eed to do is to keep a ope mid ad look to the istead of limitatios. Of course, a prove goal settig ad goal achievemet actio pla probably would’t hurt either.
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