Strategy To Increase Your Revenue In Most Profitable Services….Fast

Today’s Episode: How To Increase Your Revenue In Most Profitable Services….Fast

Season # 2 

Ep 154 of  Business Growth School for service providers

Welcome to daily 5-minute Business Growth lessons for service providers. Are you a Dentist, Realtor, Lawyer, Accountant, Plumber, Consultant or Contractor….If you provide services locally than this podcast is for you. Here we share strategies, tricks, techniques on how to generate leads, grow your revenue and sales.

Join us every day for 5 minutes and take away strategies which you can apply in your business.

Last Episode # 153  Why Testing Is Critical For Success

Pick a specific service in your industry. Example, a plumber can pick Hot Water Tanks. As they usually go for $1000+ and average transaction size is good. Lawyer can pick traffic law or landscaping company can pick weed control. Every local service provider from an Accountant to a Electrician have few services which bring in more revenue. Example a Realtor makes more in commission to sell $1 Mill property vs $500k property. We run these few tests with our clients, where we build extra stream of revenue for them focusing on a specific service.

Example: Edmonton Hot Water Tanks

Average monthly searches 300-400

Client leads: ~ 30-40 Leads

Closing ratio: 40%  14 Clients @ $1100 each = $15400/month and $189,000 in additional revenue

Example: Edmonton Emergency Dentist

Average monthly searches 600-700

Client leads: ~ 70-90 Leads

Closing ratio: 30%  27 Clients @ $1300 each = $35100/month and $421,200 in additional revenue

Last 30 days of traffic: 

These are not even their main websites, these are micro sites and funnels which are created for lead generation where they are focused on a particular service. These funnels can drastically add additional revenue and increase your bottom-line if you implement them properly. You can apply this strategy by focusing on less competitive keywords in your city and find out opportunities where you can create this channel of consistent leads or hire someone who can help you do that.

Average spent by these clients: $24k/year. ROI on their investment: $24k invested = $421,200 in additional revenue generated

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Ali Salman

Ali Salman is an online marketing strategist who have worked with Coca-Cola, Extreme Pita, Mucho Burrito, KIA, Honda and other Fortune 500 companies. Ali Salman now heads Rapid Boost Marketing – Canada’s fastest growing search marketing agency. RBM clients include Fortune 500’s and medium size businesses across North America. Ali as RBM CMO leads his team in building and managing quality, high-performing and cost-effective interactive campaigns and programs for our company’s customers and partners. In his career, he has significantly improved campaign performance for large brands such as Government of Alberta, Liberal Party, Workopolis, Cathay Pacific, as well as medium to large retailers and high-tech B2B-enterprise niches.
Ali and his team develop online promotional concepts that spark viral growth through search and social media for RBM clients, devising strategies that use search engines and more to reach key demographic segments in the ways they’re most likely to be receptive. Ali Salman also oversees corporate marketing initiatives for Rapid Boost Marketing, including strategic communications counsel, public and analyst relations and client education programming.

http://www.rapidboostmarketing.com