- 7. Maximize Your Store's Profit
- Maximize Your Store's Profit - Final Thoughts
Maximize Your Store's Profit - Final Thoughts
HIGHLIGHTS:
- Always remember that the 2 main keys to your long-term success are: 1) drive traffic to your store, and 2) maximize your conversion rate
- Do periodic reviews and use A/B split testing to boost your conversion rate
- Try to spend most of your time on activities that will grow your business, and look for expansion opportunities
- Oftentimes, the #1 biggest opportunity to increase your monthly net profit is to build a new store, either:
- In the same micro niche (targeting different keyword phrases)
- In the same general market but a different micro niche (selling products already available to you through your current supplier)
- In a completely new market and micro niche (there are literally thousands of attractive micro niches out there!)
- For each store you build, use the Store Checklist (accessed by clicking the orange button on the right side of your screen) to track your progress through each "action item" in the process of building a store
- The total monthly cost to launch a new store is only $29.97 for an additional Zulu Cart subscription
- You can use the DBA (or business entity), merchant account, and toll-free number you already have for ALL your future stores
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