Jay Abraham's Power Parthenon Strategy of Geometric Business Growth

Martin L. Smith
Martin L. SmithMarketing Growth Strategist & DJ Graffiti
THE POWER PARTHENON STRATEGY
of Geometric Business
Growth
Courtesy of:
The Abraham Group, Inc.
27520 Hawthorne Blvd., Suite 263
Rolling Hills Estates, CA 90274
Phone: (310) 265-1840
Fax: (310) 541-3192
apgi@abraham.com
2
There are three ways to grow a
business…any business.
ONLY THREE WAYS
1. Increase the number of clients
2. Increase the average transaction value
3. Increase the frequency of repurchase —
Get more residual value out of each client
3
Increase the Increase the
Increase the # of Average Dollars Repurchase
Clients per Sale Frequency Total
* * =1000 100 2 $200,000
To appreciate for yourself, first-hand, exactly how and why I
can grow so many different businesses and practices, so fast,
so big and profitable — with so little effort, time or expense,
study these three pages.
OPTIMIZATION
4
1100 $266,200
1001000
Increase the Increase the
Increase the # of Average Dollars Repurchase
Clients per Sale Frequency Total
* * =2 $200,000
A 10% increase in each of the three areas
equals a 33% increase in revenue.
OPTIMIZATION
*
*
=
10% Increase 10% Increase 10% Increase 33% Increase
110 2.2
5
$266,200
1001,000
Increase the Increase the
Increase the # of Average Dollars Repurchase
Clients per Sale Frequency Total
* * =2 $200,000
Look what happens now. The results are exponential.
OPTIMIZATION
*
*
=
10% Increase 10% Increase 10% Increase 33% Increase
1,100 110 2.2
* * =1,333 125 3 $499,875
This illustration dramatizes the power of true geometry being harnessed for your
business. Isn’t this smarter than the strategy you’re presently following?
33% Increase
6
To Grow Your Client
Base, You Can Focus On:
Increasing your lead generation through:
• Referral systems
• Acquiring clients at breakeven up front and
make a profit on the back end
• Guaranteeing purchases through risk reversal
• Host-beneficiary relationships
• Advertising
• Using direct mail
• Using telemarketing
• Running special events or information nights
• Acquiring qualified lists
• Develop a Unique Selling Proposition
• Increasing the perceived value of your
product/service through better client education
• Using public relations
Increasing your client retention rate by:
• Delivering higher-than-expected levels of service
• Communicating frequently with your clients to nurture
them
Increasing your conversion from inquiry to sale by:
• Increasing sales skills levels of your staff
• Acquiring clients at breakeven up front and make a profit
on the back end
• Guaranteeing purchases through risk reversal
• Host-beneficiary relationships
• Advertising
This and the next two accompanying pages show you 30 totally
proven, frequently unrecognized, and almost totally underutilized
ways to grow your business.
Do you see how many exciting and powerful options and opportunities
you have available to you — right under your nose?!
7
To Increase the Average Transaction
Value, You Can Focus On:
• Improving your teams’ selling techniques to
up-sell and cross-sell
• Using point-of-sale promotions
• Packaging complementary products and
services together
• Increasing your pricing and hence your
margins
• Changing the profile of your products or
services to be more “up market”
• Offering greater/larger units of purchase
8
To Increase Transaction Frequency,
You Can Focus On:
• Developing a back end of products that you
can go back to your clients with
• Communicating personally with your clients
(by telephone, letter) to maintain a positive
relationship
• Endorsing other people’s products to your list
• Running special events such as “closed door
sales,” limited pre-release and so on
• Programming clients
• Price inducements for frequency
9
1001000
Increase the Increase the
Average Dollars Repurchase
# of Clients per Sale Frequency Total
* * =2 $200,000
OPTIMIZATION
*
*
=
Fill in the current numbers for your own business:
10
1001,000
Average Dollars Repurchase
# of Clients per Sale Frequency Total
* * =2 $200,000
OPTIMIZATION
*
* =
Fill in the current numbers for your own business:
* * =
Fill in the numbers that you project for your business after applying Jay’s methods:
11
Actions to Increase
No. of
Clients
Profit/Leverage Consolidation Worksheet
x x =
Actions to Increase
Frequency of
Sales
Actions to Increase
Amount of
Sales
NET
NET
NET
Strategy Percent / Dollars
Total Total Total NET TOTAL
Percent / Dollars Percent / Dollars Percent / Dollars Percent / Dollars
x x =
12
RevenueDirectSales
Most businesses continuously rely on
one marketing approach to grow
and sustain their business…
(The Diving Board Philosophy)
13
Revenue
DirectSales
What happens when that one
approach becomes less effective?
Your business stream diminishes
and you begin to lose market share.
14
RevenueDirectSales
What would happen to the stability of your
business as you begin the process of
formalizing your marketing profit centers?
JointVentures
All it takes is
ONE
BIG
IDEA
Which one will you pick for this?!
15
RevenueDirectSales
What would happen to your revenue level
and profitability if you combined a wide
array of marketing approaches?
(The Parthenon Philosophy)
JointVentures
ReferralSystems
Telemarketing
DirectMail
Advertising
Endorsements
DevelopingaBackEnd
Host/BeneficiaryRelationships
16
Revenue
List the marketing pillars that your
business is currently on.
1 of 16

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Jay Abraham's Power Parthenon Strategy of Geometric Business Growth

  • 1. THE POWER PARTHENON STRATEGY of Geometric Business Growth Courtesy of: The Abraham Group, Inc. 27520 Hawthorne Blvd., Suite 263 Rolling Hills Estates, CA 90274 Phone: (310) 265-1840 Fax: (310) 541-3192 apgi@abraham.com
  • 2. 2 There are three ways to grow a business…any business. ONLY THREE WAYS 1. Increase the number of clients 2. Increase the average transaction value 3. Increase the frequency of repurchase — Get more residual value out of each client
  • 3. 3 Increase the Increase the Increase the # of Average Dollars Repurchase Clients per Sale Frequency Total * * =1000 100 2 $200,000 To appreciate for yourself, first-hand, exactly how and why I can grow so many different businesses and practices, so fast, so big and profitable — with so little effort, time or expense, study these three pages. OPTIMIZATION
  • 4. 4 1100 $266,200 1001000 Increase the Increase the Increase the # of Average Dollars Repurchase Clients per Sale Frequency Total * * =2 $200,000 A 10% increase in each of the three areas equals a 33% increase in revenue. OPTIMIZATION * * = 10% Increase 10% Increase 10% Increase 33% Increase 110 2.2
  • 5. 5 $266,200 1001,000 Increase the Increase the Increase the # of Average Dollars Repurchase Clients per Sale Frequency Total * * =2 $200,000 Look what happens now. The results are exponential. OPTIMIZATION * * = 10% Increase 10% Increase 10% Increase 33% Increase 1,100 110 2.2 * * =1,333 125 3 $499,875 This illustration dramatizes the power of true geometry being harnessed for your business. Isn’t this smarter than the strategy you’re presently following? 33% Increase
  • 6. 6 To Grow Your Client Base, You Can Focus On: Increasing your lead generation through: • Referral systems • Acquiring clients at breakeven up front and make a profit on the back end • Guaranteeing purchases through risk reversal • Host-beneficiary relationships • Advertising • Using direct mail • Using telemarketing • Running special events or information nights • Acquiring qualified lists • Develop a Unique Selling Proposition • Increasing the perceived value of your product/service through better client education • Using public relations Increasing your client retention rate by: • Delivering higher-than-expected levels of service • Communicating frequently with your clients to nurture them Increasing your conversion from inquiry to sale by: • Increasing sales skills levels of your staff • Acquiring clients at breakeven up front and make a profit on the back end • Guaranteeing purchases through risk reversal • Host-beneficiary relationships • Advertising This and the next two accompanying pages show you 30 totally proven, frequently unrecognized, and almost totally underutilized ways to grow your business. Do you see how many exciting and powerful options and opportunities you have available to you — right under your nose?!
  • 7. 7 To Increase the Average Transaction Value, You Can Focus On: • Improving your teams’ selling techniques to up-sell and cross-sell • Using point-of-sale promotions • Packaging complementary products and services together • Increasing your pricing and hence your margins • Changing the profile of your products or services to be more “up market” • Offering greater/larger units of purchase
  • 8. 8 To Increase Transaction Frequency, You Can Focus On: • Developing a back end of products that you can go back to your clients with • Communicating personally with your clients (by telephone, letter) to maintain a positive relationship • Endorsing other people’s products to your list • Running special events such as “closed door sales,” limited pre-release and so on • Programming clients • Price inducements for frequency
  • 9. 9 1001000 Increase the Increase the Average Dollars Repurchase # of Clients per Sale Frequency Total * * =2 $200,000 OPTIMIZATION * * = Fill in the current numbers for your own business:
  • 10. 10 1001,000 Average Dollars Repurchase # of Clients per Sale Frequency Total * * =2 $200,000 OPTIMIZATION * * = Fill in the current numbers for your own business: * * = Fill in the numbers that you project for your business after applying Jay’s methods:
  • 11. 11 Actions to Increase No. of Clients Profit/Leverage Consolidation Worksheet x x = Actions to Increase Frequency of Sales Actions to Increase Amount of Sales NET NET NET Strategy Percent / Dollars Total Total Total NET TOTAL Percent / Dollars Percent / Dollars Percent / Dollars Percent / Dollars x x =
  • 12. 12 RevenueDirectSales Most businesses continuously rely on one marketing approach to grow and sustain their business… (The Diving Board Philosophy)
  • 13. 13 Revenue DirectSales What happens when that one approach becomes less effective? Your business stream diminishes and you begin to lose market share.
  • 14. 14 RevenueDirectSales What would happen to the stability of your business as you begin the process of formalizing your marketing profit centers? JointVentures All it takes is ONE BIG IDEA Which one will you pick for this?!
  • 15. 15 RevenueDirectSales What would happen to your revenue level and profitability if you combined a wide array of marketing approaches? (The Parthenon Philosophy) JointVentures ReferralSystems Telemarketing DirectMail Advertising Endorsements DevelopingaBackEnd Host/BeneficiaryRelationships
  • 16. 16 Revenue List the marketing pillars that your business is currently on.