Could what you learn about Database Reactivation and client service help you acquire other businesses?

Sep '23 in Acquisition/Prospecting/Sales

One of the greatest ways to grow your business is to find people in your industry who aren't doing as well as you (there are probably a few, even if you're struggling); and if you find out who has a good reputation, but isn't making any money, then you can probably take over their clients, their business, integrate it into yours incrementally.

This might be a opportunity using your creator and marketing skills to significantly improve a company and its future either as a complete take over or profit share 👍

Just imagine if you can 2x 4x revenue or even better that is a serious turnaround. If they are sitting on a large database a simple DR could be a massive difference in the profitability of a company.

Just think an average sale of just say $2000 LTV and you get 10 of those a month that’s an extra $20k or $240k a year keep doing that and almost any company will be more profitable.

It might not even cost a lot of money to service these new clients; you can pay the company a share of the revenue generated by their clients, and they'll probably make more money doing nothing than they currently are by working themselves to death.

These companies may already have some pretty good salesmen, who you can take, put out into the field, give them INCREDIBLY generous commissions for their first sale or first couple of sales.

You generate them the leads and let them close them imagine the change in dynamic.

Have them bringing you more business, making their old company more money than it had made before (cause you can do things more profitably), and everybody wins (more importantly, you grow your business 2-3 times).

Even if you don't end up being a successful bidder, just the process of looking to buy another business will teach you so much about what they do,

You could even offer your services and earn that way. Jay Abraham was/is the master at these kind of deals.

When you ask about buying a business they’ll answer so many questions (it's amazing what some businesses will open up to you if you're looking to buy), so even if you don't end up with the business, it DOES make sense to learn so much about the business, to learn so much about what other businesses are doing

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