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I just saved Phil $5,000 that he was about to waste on marketing. His sales were low and his solution was simple: “I’m going to double my ad budget to double my sales.” Wrong move. The funnel is simple: He spends money on digital marketing to generate leads. The constraint is never at the top of the funnel. It’s in the middle & bottom Phil’s current numbers: 30 leads per month ($5k current spend) 15 turn into estimates (50% conversion) 4 become customers (26% close rate) Average ticket:...
My Midas shops set a new monthly sales record in May That record lasted all of 30 days In June we obliterated it $4.17M in May —> $4.34M in June $170,000 more sales in ONE LESS WORKING DAY Here’s what changed: Our 34 stores have been averaging $25,000 sales per week The Midas 1,000-store system-wide average: $25,000 sales per week For years, I just accepted our average unit sales and my solution to growth was adding more stores We said F-that a few months ago. We’ve raised “our floor” The...
You assign a task. Send the email. Then delete it from your mental to-do list. Zero follow-up needed. Zero micromanaging. Zero stress. That’s a “send-delete” employee. I learned this term from an 8-Figure Franchisee last week at our Philly event. Most owners have the opposite. They have “send-follow up” employees. Send a task. Worry about it. Check in twice. Redo half of it yourself. That’s not delegation. That’s expensive babysitting. The bottleneck in most businesses isn’t marketing,...