Exponential success is more that just reaching a simple goal and claiming “success!”. You need to know the secret compounding effects of planning and reaching several smaller goals. Huh? Let me explain. If you manage a retail store, having a goal of increasing sales by 20% may be to much of a stretch and not possible to achieve. But, if you break it down into several smaller goals, you can easily reach your goal and even exceed your 20% goal. Here is the secret strategy in three steps:
1. Set a goal of increasing prices by 6%
2. Set a goal to increase transaction counts by 6%
3. Set a goal to increase average sale by 6%
Breaking down your goals like this will make your goals easier to achieve and the results are exponential. Do the math – A 6% increase in each of this areas is much easier to achieve than 20% in any one area, and will net you about 20%.
There are 12 strategies to increase sales. In future posts I will share more of them. Stay tuned…