Top Line = Total Sales or Revenue. The first line on the income statement
There are three ways to Grow your business.
Increase the number of clients
Increase the average transaction value
Increase the frequency of repurchase
Selling is Growing Your Topline, Yes – and yet, it doesn’t always mean adding new customers
9 Ways to Grow your topline revenue
Acquire new customers.
Retain existing customers – customer retention. See Episode 102 Mastery of Keeping Clients and Coworkers – retain coworkers to retain clients
Optimize your pricing
Create a Membership or subscription program
Sell more to existing customers – more of the same product
Create new products – Line extensions and new products
Enter new markets – Expand your territory, your geographic reach
Extend the Value Chain – up or down
Business acquisition