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[Pages:27]MILLIONAIRE EDGE

3 Tactics to

DOUBLE YOUR REVENUE

in the Next 30 Days

Are you working hard in your business but feel like you should and could be earning more money?

Maybe you've tried a few tactics that haven't been fruitful, and maybe you just don't know where to start. I'm here to tell you that it CAN be done and this guide will show you exactly how to do it step-by-step.

I've been coaching business owners for over 10 years and I see this all the time. Business owners who are really good at what they do, but just aren't making the money they should be. That is why I've developed this guide to lead you through the process of doubling your revenue.

These aren't just random ideas. These are based on my experiences from interviewing hundreds of millionaires, running my own business and coaching others to incredible financial success. From these interviews, I've learned exactly what works...and what doesn't. This guide will give you proven strategies to help you double your revenue.

The guide is divided into three main sections, each concluding with easy-tofollow action steps.

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DOUBLE YOUR PRICES

It may seem obvious that doubling your prices will double your revenue, but many people don't even consider this an option. You CAN double your prices and it WILL increase your revenue... and I'll show exactly how to do it (in a way your clients will THANK YOU for!).

SELL MORE TO YOUR EXISTING CUSTOMERS

DOUBLE YOUR EXISTING PROSPECTS

Why reinvent the wheel? You already have a customer base that trusts and likes you. Tap into that trust by selling them other products and services you offer! I'll help you discover their pain points and offer them solutions.

If you have double the prospects, you'll double your sales and revenue. Go out and find more prospects to whom you can sell your products or services. I'll teach you how to figure out your top performing sources, and be more active in those places.

Doubling your revenue is achievable. You just have to know the right steps to take in

the correct order to get there. By following the steps laid out in this guide, you'll be well on your way to increased revenue.

Let's dive in!

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DOUBLE YOUR PRICES

Most entrepreneurs undercharge what their product or service is worth, especially if they are new in business. But you don't have to.

value. As you increase your prices, you have to make sure you are delivering way more value, not simply more assets or deliverables.

And creating more revenue is quicker and easier than you think. One surefire way to double your revenue is to double your prices. But as your prices rise, so must your

Here are some specific tips from Jason Cohen, a millionaire who has grown multiple million-dollar businesses and now helps startups at .

RAISE YOUR PRICES - RAISE YOUR GAME

If you're going to raise your prices (and you should) you have to raise your game. You can't charge $1000 a month and be crappy; you have to earn it. You want to be four times more expensive and four hundred times better.

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With extra cash flow comes the time to dedicate to better service and the security to focus your full energy on creating a better product. Instead of constantly scraping by and searching for new clients/ customers, you'll have the peace of mind needed to be truly great at what you do.

And while your profit margins will be much greater for the same amount of work/ product, the difference is in the client/ customer experience. When you charge more the experience must be amazing, support must be amazing, or the product must be amazing. It doesn't have to be any one thing but you have to be amazing to justify that.

People purchase based on value, not on how much work it was to make the tool.

Have you ever felt that you can only charge a certain amount because that's all your service/product is worth? A lot of business owners don't FEEL like they can charge more. They have perceptions of

what the market is willing to pay or how much they are worth.

The truth is clients and customers pay based on what they're getting out of it ? how it's changing their life, how it's making them successful - not based on how much effort it was for you to acquire them, deliver the product/service, or provide continued support. For a higher quality output, they're willing to pay top dollar.

But in reality, you set the bar. You choose your market and where you want to sit in that market.

And the downside to doubling your prices? There is none. When you TEST a price double, it takes the risk out.

Simply test your higher price on new customers, while maintaining your previous pricing structure for your current clients.

If you don't get the new customers, it doesn't hurt. But if you do, it'll improve your profit margins tenfold. Win-win!

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HOW TO DOUBLE YOUR PRICES

1 LEVEL UP YOUR PRODUCT/SERVICE

What has to change in your business to double your prices? Or triple it? Or 10x it?

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Your product or service is the essence of your business. The lower your prices are currently, the higher you need to raise them. You now need to justify why the price is being increased.

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Action Items:

Determine the changes you need to make in order to increase the value of your product/service

Implement those changes

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2 EVALUATE YOUR NEW AVATAR (AKA YOUR IDEAL CUSTOMER)

Your avatar is who you are selling to. Who you are selling to directly relates to how much you can charge.

In raising your prices, you may have to shift your avatar. Your old avatar may have wanted affordability. Your new avatar would be eager to pay you for benefits like top notch quality or unbeatable customer service - not affordability.

In my research and experience, I've found that raising your standards for higher level customers creates lower complaints and fewer issues.

Action Items: Evaluate Your New Avatar

Determine what changes you need to make in who you are currently selling to so you can reach the new customer who can afford your new rates

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3 PRICING STRATEGIES

You have a few easy and quick-to-implement options for pricing structures that you can use right away.

Creating Tiers Incentivizing Annual Prepays Prepay Strategies with Current Customers

Creating Tiers

For recurring revenue products/services, you'll see that most successful businesses use tiers. Because there is proven pricing psychology regarding how and why tiers work.

Did you know that no matter what the tiers are, people are more likely to pick the middle tier?

So by offering different tiers, the average purchase will be above the lowest tier mathematically, which gets you into a better place financially.

There is also some strategy behind naming your tiers, as well.

For example, Jason Cohen's new company, WPEngine, offers the following tier structure:

Tier 1: Personal - $29 a month Tier 2: Professional - $99 a month Tier 3: Business - $249 a month

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