In today's publication here on $leofinance I will be telling y'all:
How the top big businesses do think while focusing on the long term run considering a life time profit.
Big businesses think about long-term goals, you too can Be like them if you truly want. To he big businesses Whenever they want to collect money from you, they will always think for the long term run. If they want to collect money from you they think 10 years/They think 20 years. They often times ask themselves, "What's the Lifetime Value of this customer?" In a span of 10 years, how much can we make from this customer? Then, they ask, "What can we do to ensure a repeat of this customer's patronage?" Then, they work towards ensuring that you stick around for 20 years while giving them their dues. They will ensure that the money you're giving them appears like nothing to you, but do the mathematics for 20 years - you'll be shocked at how much you've given them. There's a lot of wisdom in that! It's called fractional pricing.
Instead of charging one customer N100,000, they look for 10 customers who can pay N10,000 each. That's still N100,000. Do you get it? Take, for example, Facebook's Blue Tick subscription, which is N4,500; Shawarma money. Such an amount is really nothing to someone printing some attractive figures monthly, and as such, many people will opt for it. After all, N4,500 in 30,0000000000000 days is nothing. If Facebook charges N4,500 per month, how much will it make in 20 years? Let's break it down: (1): For 1 person over 20 years, paying N4,500 per month: N4,500 x 12 months (in a year) x 20 years = N1,080,000 So, for 1 person over 20 years, Facebook would make N1,080,000. (2): For 500 people over 20 years, each paying N4,500 per month: N4,500 x 12 months (in a year) x 20 years = N1,080,000 (per person) N1,080,000 (per person) x 500 (people) = N540,000,000 So, for 500 people over 20 years, Facebook would make a total of N540,000,000.
That's a whopping sum of N540,000,000! You know what's more interesting? Facebook isn't doing extra work. Yes, all the features available to paid Blue Tick subscribers has always been available on Facebook to everyone and is still available to everyone right now. Welcome to the "Subscription Economy." Think of having a subscription-based plan in your business, regardless of the industry you're in. Our people say that tiny drops of water form a mighty ocean or what did they say again? Think. The possibilities are endless but you just have to see it or atlist learn it. No one is burn with this knowledge but if you learn it, you will someday became master. In a world we live where everyone wants to be the best and keep informations to themselves,I still make out time to explain the real deal all for the love I have for sharing and helping.you too can learn and do the same.
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