Discover How to Increase Profits and Create Reoccurring Revenue with Maintenance Agreements
Contractors Secret Weapon Podcast
Release Date: 06/16/2016
CSW #324 - Who Are You Selling?
Contractors Secret Weapon Podcast
Pick up the Contractor's Secret Weapon Solution by going here: https://CSWSolution.com
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CSW #323 - The Coming Change
Contractors Secret Weapon Podcast
Pick up the Contractor's Secret Weapon Solution by going here: https://CSWSolution.com
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CSW #322 - Why Do You Make It So Hard For Customers To Do Business With You?
Contractors Secret Weapon Podcast
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CSW #321 - Snake Oil! How To Overcome This Perception.
Contractors Secret Weapon Podcast
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CSW #320 - Is Your Marketing Active or Passive?
Contractors Secret Weapon Podcast
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CSW #319 - How To Pre-Sell & Pre-Sort So You Only Deal With HOT Prospects.
Contractors Secret Weapon Podcast
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CSW #318 - How to be a better businessman.
Contractors Secret Weapon Podcast
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CSW #317 - The One About Your Insanity.
Contractors Secret Weapon Podcast
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CSW #316 - Mastering Google To Get More Clients.
Contractors Secret Weapon Podcast
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CSW #315 - Focusing On Your Perfect Avatar.
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Discover How to Increase Profits and Create Reoccurring Revenue with Maintenance Agreements episode 125
Profitability Master Ruth King is a seasoned, serial entrepreneur who helps businesses get and stay profitable. Since 1981 Ruth owns or has owned eight businesses including Profitability Revolution. She grows her own businesses as well as coaches, speaks and helps other small business owners reach their goals.
The Way businesses are evaluated to day on their price to be sold is by the amount of maintenance agreements they have. In other words the more reoccurring revenue you have is what makes your company more valuable to the sold.
So if you have little or no maintenance agreements it lessens the value of your company to a potential buyer.
When people ae looking to purchase a company they are not just looking at the yearly revenue,
They are looking at how many loyal customers do you have that do business with you on a regular basis.
And maintenance agreements are the key to generating reoccurring revenue its business that you don’t have to resell each time they run out of or need a new widget.
Its cash being deposited into your bank account on a continued basis. Cha Ching.
And if its set up on a monthly payment process it becomes a n amazing thing.
Let’s run some simple numbers you have 1000 customers and only 25% are on a maintenance program that lets say you can charge just 59.00 a month that’s 14750.00 a month added to your revenue stream that s that’s 177000.00 a year that basically FREE money.
What if you could create a program that could exceed 100.00 a month?
Do you think that might solve some of your cash flow problems? I think it might.
In order to make it work you have to create value for the customer to want the program.
In order to get a hold of Ruth King
Her phone number 770-729-8000 (office)
www.TheUglyTruthaboutSmallBusiness.com
www.TheUglyTruthaboutManagingPeople.com