Sandy Mehalko - 3 Most Powerful Things To Build Your Business
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The document discusses powerful strategies for building a business, focusing on three key areas: 1. Customer strategies to get more customers, increase spending per customer, increase purchase frequency, and extend the customer lifetime value. 2. Calculating lifetime value (LPV) by estimating average sale, costs, sales per year, customer lifetime, to determine the total profit from each customer. Increasing strategies by 10% can significantly increase annual profits and LPV. 3. Developing a unique comparative advantage (UCA) to distinguish the business from competitors.
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