5 Must Have Tools to Build a Million Dollar Business
5 Must Have Tools for Building A Million Dollar Business
- Most Important Asset – Your List : Before you can get a customer or a sale, it’s important to establish a rapport. Allow the prospect to learn more about you . The only way to do this is by building a list. A list with which you communicate and establish your expertise and authority.
- Tracking System: A system to keep track of your customers – and hear the alarm bell when it is time to buy again from you.
- A Magnet: Something to attract prospects to raise their hands and tell you that they are interested in your product or service
- A great solution : Chapter 1 of my Amazon.com #1 Best Selling book, The Million Dollar Equation , it’s extremely important to solve a problem of your target market in order to keep cash flowing.
- Follow up System – FU of the Million Dollar Equation – a way to follow up with both your prospects and your existing customers. DO you realize that there are only 3 ways to grow a business? Growth Way #1 – Get New Customers, Growth Way #2 – Get existing customers to come back and buy more often Growth Way #3 – Get your existing customers to spend more money each time that they buy. How to do you that? – Make sure that you have a clear description of what is supposed to be the next to purchase.
The 5 must have tools for building a million dollar business quickly. Notice, I didn’t include money or access to capital. I happened to build my million dollar business with no money, no rich uncles, no credit. Money gets in the way of your creativity but we will save that to another post.