You’re seeing the 6th Red HOT Marketing Strategy to Rocket
Your Profits
Tim Stokes
This video is on…How to Enjoy an Instant 50% to
200% Net Profit Increase!
What’s more important, to increase your turnover or profit?
Probably every business owner would say profit, but their
actions don’t agree
Let’s do a simple test to see what I mean
Which of these businesses would you prefer to own…
Annual Sales - $1,000,000No. of staff - 10
Net Profit - $50,000
Annual Sales - $500,000No. of staff 5
Net Profit $75,000
Business 1
Business 2
In other words, would you like to have 5 less staff to manage, and
have $25,000 more Profit?
I‘ll go over the answers soon, but there’s one more question I want to ask you, before I make a very
powerful point
If your Annual Sales were $1,000,000 & Net Profit was
$50,000, how would you feel if Sales reduced to $800,000, but
your Net Profit went up to $100,000?
This is an extremely important and relevant question!
If your answer before was Business 2, that you’d prefer the $500,000 Annual Sales business,
with $25,000 more Profit and with 5 less staff…
There’s an easy way to achieve a similar outcome in your business, if your business is in a service or
manufacturing industry, with Annual Sales of $500,000 or more.
This strategy only really works for a service or manufacturing
industry business, with Annual Sales of $500,000 or more.
You can still use the strategy I’m going to show you if your
business is smaller, but there are other variables to consider.
The strategy to create much BIGGER Profits is…
Raise your prices by 10%!
95% of business owners worry about the downside, a “potential”
drop of Sales, instead of understanding the up side – the
massive profit increase!
To take the emotion out of it, let’s look at the facts…
If Annual Sales are $1,000,000 & Net Profit $50,000, when you
raise prices by 10%, the Annual Sales will also increase by 10%
That’s because you have the same number of customers
spending 10% more
That’s assuming you don’t lose any customers, and we’ll look at
that scenario soon
The 10% price rise means there’s a $100,000 increase in Sales but that increase is 100% PROFIT -
because there’s no cost involved!
Add that $100,000 to the initial profit of $50,000 & its now
tripled! Its increased to $150,000!
If you lost 20% of the Annual Sales after the price rise, the new yearly figure would be $900,000
The original Net Profit was $50,000 on $1,000,000, or 5%.
With the reduced Annual Sales it would be 5% of $900,000 or
$45,000
That’s $145,000 Net Profit based on the original $50,00, (with the $100,000 increase from the price
rise)
Its still nearly triple the profit, if we assume there is a 20% drop
in sales from the price rise.
What if there’s no loss of sales?
For over 20 years I’ve measured before and after price rises of
10% to 40%, to get the FACTS!
You’d be shocked to hear the FACTS of measuring with 500+
businesses, before & after a price rise
90% rarely lost any customers, & not 1 service or manufacturing
business lost any profit
I’m going to talk more about completely avoiding all risk of a
profit loss after raising your prices in video 7
The majority of business owners don’t understand business
numbers, & are seriously missing out on HUGE Profit benefits
because of it
If you’d like to turn ignorance into profit, to understand business &
numbers more, you can learn more for free in an upcoming free
online training meeting
For a limited time I’m giving away a copy of my book that will
explain more than this video…
Grab it with Your Name & EmailYou’ll instantly get my book, plus be on
the ‘Invitation List’ to my next Profit Strategies online training meeting.
Act Now, grab the book & start increasing your profits today!