4 Steps To Keep Your Clients Longer, Make More Money, And Accelerate Your Arrival To Escape Velocity
Last updated: Jul 30, 2023
This video is about the four steps to keep clients longer, make more money, and achieve financial independence by optimizing the back end of your business.
This video by Daniel Fazio was published on Jul 5, 2023. Video length: 09:43.
This YouTube video discusses four steps to keep clients longer, make more money, and achieve financial independence.
The concept of "escape velocity money" is introduced, which refers to the point where one's money produces enough income for survival without requiring any additional work. The video emphasizes the importance of reducing client churn and increasing the lifetime value of clients. It provides examples and charts to illustrate how these factors impact revenue and profitability.
The video also highlights the significance of building relationships with clients to establish loyalty and prevent them from easily switching to competitors.
Escape velocity money is the financial point of self-sustenance where your money produces enough money for you to survive without requiring any of your time.
The quickest way to stack cash is to sign clients for your own business and keep them.
Churn math is important in understanding how to keep clients and increase your revenue.
By optimizing for the long term and reducing churn rate, you can reach almost perpetual return and make significantly more money.
Building a relationship with your clients is important to establish loyalty and prevent them from easily switching to competitors.