Build with Leila Hormozi 5 Hacks You Need To Know About Driving Revenue | Ep 33
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May 2, 2023 Discover how crucial operations are for boosting revenue. Learn five impactful hacks, such as enhancing customer onboarding and renegotiating vendor relationships. Uncover the power of referrals and the role of effective bookkeeping in accessing information swiftly. Finally, explore strategies for maintaining clear communication with direct reports to foster revenue growth. Each tip is designed to streamline processes and unlock your business's potential.
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Hiring Operations Managers
- Hire experienced operations managers who understand revenue.
- Less experienced operators often prioritize excessive infrastructure over revenue-driving activities.
Onboarding Customer Experience
- Improve customer onboarding with personal touches like welcome calls or gifts.
- A great onboarding experience significantly improves customer retention and lifetime value.
Renegotiating Vendor Relationships
- Renegotiate vendor relationships as your business gains traction.
- Leverage your history and volume to secure better rates with banks, merchant processors, and suppliers.