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#97: How to Make More Money Without Creating New Products

The StoryBrand Podcast · November 7, 2022 · 26 min

Summary

This episode emphasizes that businesses often don't need to create new products to increase revenue. Instead, it highlights the critical importance of clarifying your brand message to attract customers and drive sales. By simplifying communication and focusing on customer understanding, businesses can unlock significant growth without additional product development.

Key takeaways

Themes

brand & contentconversion & crofounder & leadership

Topics covered

message claritystorybrand frameworkcustomer engagementsales funnel optimizationmarketing messagingconversion rate optimization

Episode description

Do you have customers and a great product but aren't seeing an increase in cash flow? You might be tempted to create a new product – which might be a good move. But before you do that, you should consider how you can make more money with what you already have! Sometimes, all you need to do is think more creatively about what you're currently offering your customers. In today's coaching conversation, Donald Miller talks with Elisha Reverby, CEO and Founder of Elique Organics, a luxury plant-based skincare line. Elisha has a loyal customer base and products people love, but needs to make more cash to keep her business going. Instead of creating a new product, Don suggests adding a subscription service and creating a bundled package to sell. Listen in to learn how these strategies could help your own business make more cash without having to create a brand new product! Find out more about Elique Organics at EliqueOrganics.com. -- PRE-ORDER THE NEW BOOK HOW TO GROW YOUR SMALL BUSINESS: GrowYourSmallBusiness.com SUBMIT FOR YOUR CHANCE TO GET COACHED ON THE PODCAST: BusinessMadeSimple.com/Podcast GET YOUR CUSTOMIZED FLIGHT PLAN FOR GROWING YOUR BUSINESS: SmallBusinessFlightPlan.com FIND AND FOLLOW US ON INSTAGRAM: Instagram.com/BusinessMadeSimple

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Frequently asked about this episode

What does this episode say about brand & content?
Businesses often struggle to articulate their value, leading to wasted marketing spend and stalled growth; a clear message is paramount.
What does this episode say about conversion & cro?
The "StoryBrand Soundbite Strategy" offers a framework with five powerful soundbites designed to reduce cognitive load for customers and make buying easier.
What does this episode say about founder & leadership?
Effective messaging attracts attention, keeps customers engaged, and directly translates to increased sales.
What does this episode say about brand & content?
Rewriting a webinar registration page using the StoryBrand framework can increase conversion rates significantly, even with cold audiences.
What does this episode say about brand & content?
Simplifying your message can lead to quadrupled revenue and attract high-value leads, as evidenced by case studies from businesses that implemented the StoryBrand framework.

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