THE RETAIL COLLECTIVE
MONEY
MASTERY
What you'll learn in this module
- Discover why your business WILL fail if you don’t embrace the 5 Foundation Figures
- How to work out how much money you need to make to pay all the bills (and pay yourself!)
- How to work out the number of people you need to bring in the door or how many website visitors you need to make a profit
OVERVIEW
ACTION PLAN
AUDIO
RESOURCES
OVERVIEW
Money – without it, life can be pretty miserable. With it, we can do amazing things!
I grew up in a lower middle class family. My mum and dad both worked full time, then at night would clean offices. We didn’t go on holidays or to the
movies…we just couldn’t afford it.
So once I was in charge of earning my own money, I was determined to make sure I always had money.
Fast forward to running my own business. And money seemed to flow out faster than it came in. I’m pretty frugal, so I knew I wasn’t spending it extravagantly. There were no “unnecessary expenses”.
So why the heck was my bank balance going down instead of up?
When I cracked the code, it felt like a giant weight lifted off my shoulders. I now had a plan to work to.
You don’t have to work harder or longer to make more money.
You just have to start here.
ACTION PLAN
CLICK TO DOWNLOAD
YOUR RETAIL COLLECTIVE ACTION PLAN
AUDIO
RESOURCES
PODCAST: Insider Secrets From The Billion Dollar Man (thor conklin)
PODCAST: Pricing For profit (Adam lean)
7 comments
Great info thanks! Oh. my. GAWD – looking at it now my conversion rate is awful! Definitely need to do some work around that! Hope its covered at some point 🙂
It can definitely be confronting, but it’s the first step to truly taking charge in your business. And of course we’ll be covering how to fix it – next month even!
Hey R, This is great that you have a specific area to focus on. Check the September 2019 Live call where we talk about ways to increase your conversion rates!
Amazing! I’m excited, but terrified of what this money plan is going to uncover! 😬Wish me luck! ❤️
You’ve totally got this Jasmine!
That was really insightful! My business has both a Physical Bricks & Mortar and online eCommerce – Would you recommend tracking them as a whole or separately?
Keen to know how other physical stores track the conversion rate.
Hi Roxanne, I recommend both for tracking – segmenting out the number for B&M and online sales, but you’ll also need to do an overall income/expenses that covers both.