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#129: How to Make More Money With Your Existing Products

The StoryBrand Podcast · June 19, 2023 · 29 min

Summary

To make more money with existing products, ecommerce operators must clarify their brand message. This episode introduces the StoryBrand Soundbite Strategy, a proven framework to help businesses articulate what they offer in a way that resonates with customers, lowers cognitive load, and drives sales. By simplifying communication, businesses can attract attention, increase engagement, and grow revenue without needing new products.

Key takeaways

Themes

brand & contentconversion & crofounder & leadership

Topics covered

storybrand frameworkmessage claritymarketing messagingcustomer engagementsales growth strategysoundbite strategy

Episode description

When you need to increase revenue for your small business, what ideas come to mind first? If you're like most business owners, you mind likely gravitates to sales and marketing ideas. But there is actually a ton of untapped revenue in your existing products! More money is in existing customers than new customers. In today's conversation, Donald Miller talks with Jennifer Rodriguez, owner of Porter Flower Reserve. She also happens to be Don's sister! Don gives Jennifer ideas on how she can take her existing products and increase her revenue immediately. Listen in to get inspiration for ideas that you can execute on now to increase the money coming through your cash register. If you want to learn how to optimize your products so they make YOU more money, check out our new course, Product Optimization Made Simple, in the business made simple platform. In the course, Donald Miller will teach you, just like Jennifer, how to examine your products and figure out how you can make more money with them. For a limited time, you can get $100 off the course with code PRODUCT100. Get the course at BusinessMadeSimple.com/Products. -- IF YOU'RE SERIOUS ABOUT IMPLEMENTING A PLAN TO GROW YOUR BUSINESS AND REVENUE, FLIGHT SCHOOL IS FOR YOU! JOIN NOW: SmallBusinessFlightSchool.com. ORDER DON'S NEW BOOK "HOW TO GROW YOUR SMALL BUSINESS": GrowYourSmallBusiness.com SUBMIT FOR YOUR CHANCE TO GET COACHED ON THE PODCAST: <a href=

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Frequently asked about this episode

What does this episode say about brand & content?
Implement the StoryBrand Soundbite Strategy to create five powerful, repeatable soundbites that articulate your offer and its value to customers.
What does this episode say about conversion & cro?
Focus on clarifying your message to reduce cognitive load for customers, making it easier for them to understand your product and make a purchase decision.
What does this episode say about founder & leadership?
Audit your existing marketing materials (website, emails, social posts) to ensure a consistent and clear message across all touchpoints, aligning them with the Soundbite Strategy.
What does this episode say about brand & content?
Utilize clear and concise language that addresses customer pain points and presents your product as the solution, leading to increased engagement and conversions.
What does this episode say about brand & content?
Invest in defining a clear message before spending more on marketing, as a muddled message wastes ad spend and hinders growth.

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