SIICOACH is a blog with powerful tips and observations about personal success, high performance and entrepreneurship.

It aims to help you to

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It's written by Siimon Reynolds, a highly successful high achievement expert and entrepreneur, who has co-founded two large enterprises, Photon Group and OMG. SIICOACH enables you to get Siimon's latest thoughts and discoveries on productivity, high achievement and entrepreneurial success.

Maximising Your Income

by Siimon 13. December 2010 12:05

I was on a plane from North Carolina to Los Angeles last week.

200 people on board and bored.

The flight was over 5 hours, yet only once did the flight attendants walk down the aisle offering food/snacks.

If they had simply done it twice they would have increased revenue by at least 30%.

Now this airline has well over 1000 flights every day, so just think how many tens of millions of dollars they are missing out on, simply by not coming back to their customers with another chance to buy.

Are you making the same mistake in your business?

Customers who buy once will often buy two, three or ten times.

If only they are asked.

Hundreds of billions of dollars of potential income is lost every year by all the businesses that don't follow up the first sale with other enticements.

Repeat offers.

New reasons to buy.

Discounts for the next purchase.

A calendar of Sale events.

Any of these techniques will increase the profits of any business significantly.

So many business owners complain that they aren't making enough money.

But like that airline, they're ignoring the opportunities right in front of them.

Comments

12/16/2010 11:33:18 PM #

Very incisive Siimon. I too am sometimes guilty of overlooking the bleeding obvious in the hope of something jumping out at me. I will be more perceptive in my decision making.

Also Siimon, I understand how busy you are but if you could post more regularly it would be great.

Regards,
         James.

James | Reply

2/4/2011 11:11:13 AM #


Hi Simon,  Actually, with some Airlines they recognise that Staff Incentive plays a big role when it comes to Infight Sales.

Take Alpha Sales (Duty Free Company) They offer a Financial Incentive to the Flight Attendant (fairly minimal tho) eg 5% of the Total of each flight or something similar, and make a killing  Smile  The Motivated Flight Attendants take it as an opportunity to boost their pay packets so on certain Flights you will see some very Active Sellers.  Obviously not on this Airline though.

Hope you're Well  Smile x

Anna-Luise | Reply

4/24/2011 2:22:12 PM #

It is really important to save money after you earn cash using web to use for a very important purpose and so that you are ready to face some challenges that may come to you.

BryanF | Reply

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