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5 Steps to Increase Your Profits This Month

Mike Michalowicz

When a new year or quarter begins, you likely search for (ALL of the) ways to improve your business. While I believe this exercise of recalibration and reinvigorating your business should be an ongoing process, I want to lend you five ideas to increase your profits. And I believe you can implement these THIS month.

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Pitch Deck Month: The “Where Are You Going?” Slide

View from Seed

As a result, investors usually need some help visualizing how you plan to get from point A to point B – this “roadmap” slide is where you can articulate your multi-year plan. There are two things you want to get across regarding your product on this slide – key product features and how you think about sequencing.

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Common B2B Challenges and How To Solve Them

ConversionXL

In this article, I’ll share what I’ve learned and detail the exact steps you should take to put yourself in a position to succeed. Last September (2020), six months after the 1st lockdown, my co-founder Vladimir Blagojevic and I decided to run market research to figure out what challenges B2B companies face and how they solve them.

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Conversion Rate Formulas to Accurately Calculate Growth

ConversionXL

Conversions are crucial to your business. We’ll also dive into the relationship between conversion rate and profitability and how to leverage your conversion rate formula to drive optimization efforts. The conversion rate from visit to purchase is 5%: (12 Purchases / 240 page visits) * 100 = 5%.

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18 Entrepreneurs Reveal How They Deal With Economic Uncertainty

Hearpreneur

Focusing on products and services that are extremely valuable to your customers is essential as it helps them rely more on you and ensures your business weathers the tough economic times. The most important thing one needs to keep in mind before diving into the world of entrepreneurship is to understand that uncertainty is normal.

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How to Track and Improve Ecommerce Customer Acquisition Effectiveness

ConversionXL

There’s more to ecommerce customer acquisition than increasing checkout conversion rates. The key is ongoing measurement and testing to understand which acquisition strategies work for your ecommerce business. Personalize the buyer journey with email marketing 5. It’s also the first step of a broader customer experience.

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30 Entrepreneurs Share How They Prepare for a Bad Economy

Hearpreneur

Share your strategy about how you would deal with the recession and give your team a sense of purpose. In my opinion, you should reconsider the way in which you spend your money by creating a transparent budget that enables you to put money away for the future. The ideal amount is about 6 months' worth of expenses.