Use compound interest in your marketing IMG_3722

Compound interest can be used in marketing to attract more customers. It is calculated from the initial payment and the accumulated interest. Building a loyal fan base can quickly expand your reach through word-of-mouth. To use compound interest in marketing, ask for reviews and referrals from customers. The initial payment is just a fraction of the potential value that can be obtained from a job. The relationship with customers can multiply the initial payment over time. Okay, action, let's go. Take advantage of compound interest in your marketing. Take advantage of compound interest in your marketing. So compound interest is calculated from both the initial principle and the previous. Take advantage of compound interest in your marketing. So compound interest is calculated from both the initial principle and the accumulated interest from the previous periods. So think about marketing like this, your initial principle is the initial payment received from the customer. Your initial principle is a one-time payment received from the customer after the job is completed and the compound interest is the relationship that has the potential to bring you a lot more customers in the future. Very quickly the power of compound interest can be seen by making one loyal fan of your business that tells five other people and those other people tell more people, quickly expanding your reach. Very quickly the power of compound interest can be seen by making one loyal fan of your business who tells five other people and those five other people tell more people, that quickly expands your reach so the initial principle has the potential to bring you five to ten times that initial relationship may end up making you five to ten times the initial amount. So how can you use compound interest in your marketing? So we or a marketing agency get you the job, you build a relationship and then we use systems to collect reviews and referrals. These systems are imperative. The customer is not going to leave you a review unless you ask for it. So our sequences send customers a thank you message attached with a super easy to use two clicks in total. Google my business review link that automatically generates reviews for your business after every single completed job. So the value of the initial principle is the payment that you get after the job and then the relationship is the compound interest that has the potential to bring you a lot more jobs in the future. So the value of the initial principle is the payment that you receive from the customer after the job is completed and a lot of roofing companies just stop there and totally ignore the relationship which is the compounding interest that can bring you a lot more value in the form of reviews and referrals. So essentially the initial principle is just a fraction of what could have been obtained from that roofing job and the relationship will multiply the value of the initial principle over time.