Dotcom Business Growth Secrets

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Dotcom Business Growth Secrets

Author: Jay Tee | Total views: 57 | Word Count: 559 | Category: Society | Date: Dec 1st 2006

Search for: online business, dotcom, profits, software programs, infinite secrets, profit generation, money making, dotcomology

Dotcom Business Growth Secrets

Most people dont really understand business and thus work too hard. In reality, we should only focus on 3 basic areas of the chassis to transform our businesses into a profit powerhouse. This is where the world of dotcomology helps relieve that mistake of having to pour excessive hours of our precious time into the money making arena.

Heres the 3 areas of the business chassis we should focus on:

Increase our customer base

Our customer base can be made to grow, simply by multiplying the total number of leads with our conversion rate. Remember, its not about getting more customers, you cant change that, its about getting more leads and then improving your conversion rate.

Leads

These are the number of potential buyers, and having an online business, mean that you can have infinite ways to
advertise your products. Please do not confuse responses with results. Just because the phones ringing, it doesnt mean that the cash register is. Thats where youve got to remember your.

Conversion Rate

This is the percentage of people who did buy as oppose to those who could have bought. For example, if you had 10 people surf through your online store and only 3 of them bought something.thats a conversion rate of 30 percent, which is a literal goldmine! At this stage, youve already got them interested; now youve just got to get them over the line. Converting your leads to clients, requires a little marketing, and in the dot-com world, it can be done for a small fee. For example, I personally use http://www.getresponse.com to touch base with my prospects. These auto responders services takes care of the nitty-gritty of sending the right updates to the correct group of prospects.

Increase your number of transactions

Some clients buy just once, others buy from you weekly and there are even those who buys monthly. Over here, what you want to know is the average. Not your best or worst. Another secret here is that you have got to keep the database of contacts which you have collected in the past, and go back to them with updates, free software and maybe even loyalty programs to encourage another purchase. Once again, the auto responders are of a great help for many online businesses. A little creativity goes a long way for profit generation!

Increase your Average Dollar Per Sale

Once again, some clients might spend $5000, others just $5, but the average is what you are after. Just a few dollars more on each and every sale could be all it takes. You can always pick up a strategy or two from the likes of McDonaldshave you ever noticed that they often ask for more sales from you on impulse buying items when you are making your final purchases

One final noteafter you have gathered all the data above, just multiply the total number of customers you dealt with, by the average number of transactions, by the average amount of dollar per sale they spent with you and voila you have your turnover! Now, if you were to just make an increase of 10 percent on each of the above points, your turnover and profits will definitely triple! Go try it and start building your online empire!

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Learn the secrets to making infinite money online through Jay Tee's proven work at home websites, where fellow associates does online business reviews on systems, software programs and downloads, that makes money and earns cash and also helps create businesses that builds wealth through the internet by multiple income streams.

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<h4>Dotcom Business Growth Secrets</h4> 
 
Most people dont really understand business and thus work too hard. In reality, we should only focus on 3 basic areas of the chassis to transform our businesses into a profit powerhouse. This is where the world of dotcomology helps relieve that mistake of having to pour excessive hours of our precious time into the money making arena. 
 
Heres the 3 areas of the business chassis we should focus on: 
 
Increase our customer base 
Our customer base can be made to grow, simply by multiplying the total number of leads with our conversion rate. Remember, its not about getting more customers, you cant change that, its about getting more leads and then improving your conversion rate. 
<ul> 
<li>Leads 
These are the number of potential buyers, and having an online business, mean that you can have infinite ways to <a href="http://www.moneyinfinitesecrets.com/traffic.php"> 
advertise</a> your products. Please do not confuse responses with results. Just because the phones ringing, it doesnt mean that the cash register is. Thats where youve got to remember your.</li> 
<li>Conversion Rate 
This is the percentage of people who did buy as oppose to those who could have bought. For example, if you had 10 people surf through your online store and only 3 of them bought something.thats a conversion rate of 30 percent, which is a literal goldmine! At this stage, youve already got them interested; now youve just got to get them over the line. Converting your leads to clients, requires a little marketing, and in the dot-com world, it can be done for a small fee. For example, I personally use http://www.getresponse.com to touch base with my prospects. These auto responders services takes care of the nitty-gritty of sending the right updates to the correct group of prospects.</li></ul> 
 
 Increase your number of transactions 
Some clients buy just once, others buy from you weekly and there are even those who buys monthly. Over here, what you want to know is the average. Not your best or worst. Another secret here is that you have got to keep the database of contacts which you have collected in the past, and go back to them with updates, free software and maybe even loyalty programs to encourage another purchase. Once again, the auto responders are of a great help for many online businesses. A little creativity goes a long way for profit generation! 
 
Increase your Average Dollar Per Sale 
Once again, some clients might spend $5000, others just $5, but the average is what you are after. Just a few dollars more on each and every sale could be all it takes. You can always pick up a strategy or two from the likes of McDonaldshave you ever noticed that they often ask for more sales from you on impulse buying items when you are making your final purchases 
 
One final noteafter you have gathered all the data above, just multiply the total number of customers you dealt with, by the average number of transactions, by the average amount of dollar per sale they spent with you and voila you have your turnover! Now, if you were to just make an increase of 10 percent on each of the above points, your turnover and profits will definitely triple! Go try it and start building your online empire! Article Source: <a href="http://www.articlesoft.com" target="_blank">ArticleSoft.com</a> About the Author: 
Learn the <a href="http://www.moneyinfinitesecrets.com">secrets to making infinite money online</a> through Jay Tee's proven <a href="http://www.moneyinfinitesecrets.com/PIPS/pipsletter.htm">work at home</a> websites, where fellow associates does <a href="http://www.greathomebizreview.com">online business reviews</a> on systems, <a href="http://www.moneyinfinitesecrets.com/dotcomology_letter.htm">software programs and downloads</a>, that makes money and earns cash and also helps create businesses that builds wealth through the internet by multiple income streams.

Tags: online business, dotcom, profits, software programs, infinite secrets, profit generation, money making, dotcomology