1 – Attract new potential customers (Improve Lead & Referral Generation)

2 – Turn more potential customers into customers (Improve Sales Conversion)

3 – Keep more customers from defecting to your competition (Improve Retention Rate)

4 – Get customers to do business with you more often (Improve Transaction Frequency)

5 – Encourage them to spend more money with you each transaction (Improve Average Sale Dollars)    

6 – Reduce the Cost of Goods Sold (Improve Profit Improvement Type 1)

7 – Reduce the Expenses (Improve Profit Improvement Type 2)

How the 7 fits together

Potential Clients X Conversion X Retention rate = Total customers

Total customers X Transaction frequency X Average Sale = Total sales

Total sales minus Cost of goods minus Expenses = Profit

Contact Jumeira Consulting on 1300 308 454 or info@jumeiraconsulting.com to discuss how adopting the latest technology can assist you to grow your business.