The three mechanisms driving sales growth winning new customers, customer retention, and raising customer purchase rates
If you really want to drive sales growth for your business, you might find my recent blog post valuable, showing how the Strategy Dynamics method can help you do just that.
I explain the three mechanisms that drive sales growth, attracting new customers, keeping those you have got (!) and encouraging them to purchase more.
I also go into the factors that drive these three mechanisms, including marketing promotions, sales efforts, price and so on, and how these factors affect each mechanism differently.
These mechanisms feature in many of the digital twin business models that we build for companies, large and small. (Here's a GIF of such a model at work) And you can learn how to build those models too with my online business course.
Even if you’re at the top of your field, there’s always room for improvement and there are always new and innovative ways of thinking that could revolutionise how you do business. If you’d like to find out more, get in touch with me to see how I can help - contact@strategydynamics.com.
Categories: : strategy