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8. Transaction / Transaction Value

Revenue = Number of Transactions x Average Transaction Value Increasing Revenue = Increase Transactions Number & Value

To increase revenue, you need to focus on increasing average transaction No. & Value.

  • You can’t manage what you don’t measure, so you need to continually measure Average Transactions per Customer and Average Transaction Values.
 
  • Make sure your team ‘owns’ these numbers and works to increase them continually.
 
  • Discover the optimum way to increase both drivers and make it into a repeatable process delivering a consistent, repeatable customer experience.
 
  • Agree on your goals for growth, systematically look for improvements, celebrate and reward success to incentivise your team to stay focussed on the goal.
 
  • Discover how to grow your business click the Book Now button.  FiMBO is a 12 Week Programme delivered online, each session is 45 minutes with extra time for live Q&A. The first session is free to attend. Decide at the end of the session if you would like to commit to the full programme (£297+VAT).
 
  • Money Back Guarantee:  If you are not delighted at the end of the 12 weeks, just say so and we refund every penny, simple as that..
 
“I was struggling to know how we could increase sales, thank you.  We now have a clear roadmap for increasing revenue through tracking and improvement as a team”.

Continually improve lifetime customer value.

  • MAKE THE SCOREBOARD VISIBLE TO ALL
  • KEEP ASKING:
    • How can we grow transaction values?
    • How can we grow purchase frequency?
  • MAKE THE TEAM ‘OWN’ THEIR NUMBERS
  • RECOGNISE AND REWARD SUCCESS
  • GAMIFY THE PURSUIT OF IMPROVEMENT
  • SYSTEMISE AND IMPROVE THE PROCESS
Live Session Overview
Other Course Modules

FiMBO - Financial Management for Business Owners - Training Course

September 12, 2024