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LOW PROFIT MARGINS REQUIRE ZERO COST ADVERTISING
THERE ARE LOTS OF OPPORTUNITIES IN THE CLEANING SERVICE ARENA
CORE CONCEPT:
Profit margins are low in all industries, but especially the service industries. This challenge requires us to be very clever and bottom line conscience when reaching our base of prospects 17 times (always remember the 17 rule). There simply is not enough net profit to spend all of the money you would need to spend on advertising to bring your company past the $1M gross revenue level consistently, year in and year out. There is a small list of average profit margins per industry listed below. It is important that you are realistic about what you can make in this industry.
RESOLUTION:
Networking, free cleanings and building community relationships are the key to growth and making money in this industry. We are so fortunate to offer a service that everyone wants. When you give away a free cleaning at a silent auction you will probably have one of the few items that will pull full value.
IMPLEMENTATION:
Offer a free cleaning for every major event in your community that has a silent auction with at least 200+ attendees. Become involved in your local chamber and join an organization with upper middle class members who can afford your services. Don't just join it but become involved in it. Learn how to network effectively. Watch our webinar on Zero Cost Advertising. Pick out a couple of ideas and then IMPLEMENT THEM.
PROFIT MARGINS:
Health Care Facilities 24.6% Application Software 22.7%
Information Services 17.8% Personal Products 12.3%
PERSONAL SERVICES 10% Healthcare Info Svc 9.3%
Airlines 9.2% Restaurants 7.5%
Cleaning Products 7.1% Businesses Services 5.5%
Hospitals 3.6% Home Furnishing Store 3.3%
(For a list of 86 industries with profit margins email us)
Recorded Webinars:
How I Became a $2M Business
Maximizing Holiday Profits and Scheduling
Zero Cost Advertising
BUY INDIVIDUALLY OR AS A BUNDLE
Individually $19.95
CLICK HERE (alpha look for Profit Margin Bundle, $59.85 value) for a 50% discount special combination price of $29.92 |
| | Offer Expires: May 1, 2010 |
Sincerely,
Sharon Tinberg and Sharon Fliess
Rags to Riches Success Maid Easy |
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