Many retailers in business would be delighted Secret Online Goldmine Review with a conversion rate of 30%. This is good and it can often be much lower than that. Imagine if you managed to increase the conversion rate from 30% to 40% just by doing just a few simple things with your business and your team. What would that mean to you bottom line. Imagine if you did that instead of spending money on online advertising, on magazine advertising etc. You would benefit from the cash saved on those activities and you would get a massive 25% increase in sales.
This is huge in any business yet so many business owners do not know their conversion rate at all. You will have heard the adage that “Whatever gets measured gets managed” this was never truer than in the conversion rate game.
Remember that you may also need to consider more than one conversion rate in your business. if you are selling more complex items on a slower sales cycle then you may have to measure the conversion from initial inquiry to quote, from quote to follow up meeting and from there to sale. By measuring each one, you will know where to focus your attention and this is what will get you massive results in business.
If you are just starting out in business make keeping score on all aspects your favorite thing to do. It is a brilliant regular reference point for you and everyone in your business. Its an easy thing to measure, its an even easier tool to use to hold sales teams accountable in your business. Improving your conversion rate costs only time and commitment.In today's volatile economic climate the ability to create multiple streams of residual income will immunize you against the effects of corporate downsizing and allow you to claim back your time and your life.
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