Alpha on Day 30, you any more accept a penny. By Day 60, your one penny has grown to 2. Within 3 months or 90 Days, you accept 4 pennies. Are you starting to amuse the picture?
Continuing on with the Penny Model, your fortune starts to attending something according to this:
Day 120 8 pennies
Day 150 16 pennies
Day 180 32 pennies
Six months accept any more flown by and you accept increased your penny 32 times. Wow! And you anticipation doubling your bag was not possible.
Day 210 64 pennies
Day 240 128 pennies
Day 270 256 pennies
Day 300 512 pennies
Ten months subsequent your efforts are any more securing a 512 return from that initial aboriginal penny. Yet, the ace is still to come.
Day 330 1024 pennies
Day 360 2048 pennies
A year has any more passed and that one, single penny any more has the amount of 2,408 pennies, far added than doubled. And even if for some astuteness, you didnt accomplish 2,408 pennies, would you complain if you alone had 128 or even 32? I anticipate not.
Okay, So what does that beggarly for my bag? you may be asking yourself adapted any more? Plenty and let me statement for why.
Let the penny act as your daily actions or action. For archetype, you call 100 bodies, speak to 20 of them, timetable 5 appointments and accept one sale. By increasing your calls on a daily basis for the abutting two weeks to grasp another 10 bodies each day, you will accept another sale at the borderline of two weeks.
Or maybe you currently timetable alone 3 appointments per week and it took you 50 dial ups (figure of age attempting to contact a abeyant sales advance) from the previous week to secure those 3 appointments. By doubling your dial-ups to 100 per week, you would any more accept twin the appointments to 6. Accustomed your close ratio, you could easily twin or triple your bag within a actual short age.
Even if you accept that you cant twin your phone calls (your acceptance system may be another astuteness why you cant twin your results and thats an entirely altered article), accede what would happen if you increased your performance by aloof 10%. A 10% access in accomplishment, which isnt that much added, can be compared to a penny to a dime or a dime to a dollar.
If I am currently averaging $52,000 in sales per year, 10% would beggarly an supplementary $5,200 or aloof $100 added per week. Using your sales and tracking numbers, which I am sure that you accept, you will apperceive exactly how abounding calls you will accept to accomplish to access your weekly sales. Maybe it is aloof a position of up-selling or even asking a acceptable client for a referral.
The Penny Model is a actual child’s play road to beam how quickly your action can twin your bag results. All you charge to accomplish is to accumulate an accessible apperception and attending to the possibilities instead of limitations. Of course, a proven ambition setting and ambition achievement action aim probably wouldnt aching either.
About the author:
Leanne Hoagland-Smith helps bodies & organizations to twin results buttoned up ROI driven coaching, training & adding to. If increasing your revenue, improving your performance or finding balance interests you, appointment email firstname.lastname@example.org or call 219.759.5601.
Originall posted August 20, 2012