‘Doubling Up’ To Grow Your Business
December 15, 2008 by Reba
Filed under Blog, Goal Setting, Hot Topics
This is Day 8 of 10 of my tips to help you increase your online business profits in 2009.
By making just a few changes in the ways you handle a few little things each day, you can grow your business and increase your profits substantially.
Stay tuned over the next ten days and I will share ten important ideas that can help you increase your business and grow your profits in 2009.
Day 8 -
‘DOUBLING UP’ TO GROW YOUR BUSINESS
This is technique I like to call ‘Doubling Up’ and it’s a strategy you can use to grow your business and increase profits every couple years.
‘Doubling Up’ can be applied to many different areas of your business. For instance, if you write articles to promote your website and it’s working well for you, what could you do to double that success? Simple. Outsource the exact number of articles you write, so if you write five articles, outsource five articles and then you’ll have ten articles. This means your efforts, as well as your traffic, as well as your PROFITS, have the potential to double.
Even if you can’t double your output, what if you increased by 50%? That would still increase your profits. If you can’t afford to outsource just yet, you can still apply the technique and write all ten articles yourself. You can even have a friend, family member or significant other help write for you as well, provided you give them a little bit of training.
What else could you do in your online business that could DOUBLE your profits?
- Create two videos instead of just one.
- Market to two niches instead of one.
- Charge double for one of your products or service (do split testing to prove which price sells better).
- Do two launches instead of one this year (with the help of outsourcing or JV partnering).
- Put up a website AND a blog instead of just one or the other.
- Double your PPC advertising budget or raise it by a percentage.
Any of the above tactics will increase your profits significantly, so there is no reason to ignore the magical potential of ‘Doubling Up.’
This isn’t rocket science but it works and it’s a tactic that’s easy to try.
What if you took it even further and did ‘TRIPLING UP’? Of course, that would take a bit more outsourcing or tripling the amount of hours you work on that segment of your business, but triple the income doesn’t sound bad at all.
Tomorrow – Day 9
GET WITH THE TIMES
Cheers!
Reba
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good advice which is worth following particularly with article marketing
There is obviously a lot to know about this.I think you made some good points in Features also.