Create Revenue Redundancy – Don't leave revenue on the table.
Tweak & Repeat. 🔁
You are leaving dollars on the table.
Ending up with One Potato, we quickly realized the metrics for traditional growth weren't there.
→ Low margin
→ High touch
We realized the worst place for a business to be is to have a single channel of growth.
Diversify.
Create a 3-legged stool, a tri-pod, a 3-point system.
Call it what you will, but just build in revenue redundancy.
The D2C world is constantly evolving.
Be ahead of the curve.
Build 3 customer channels, not just 1.
Here's how in a few easy steps per channel ⤵
1️⃣ Active customers // those who you intend to sell to.
→ Set up a hyper-specific acquisition campaign.
• Get on the phone with your target demo (yes, even in D2C).
• Try out 3 offers to see which converts quickest.
• Take the quick convert offer and set it up as paid lead gen ad.
• Follow the same formula with slight variations
• Tweak & Repeat. 🔁
2️⃣ Passive customers // those who come to you happenstance.
→ Cast a wide net.
• Post 3 poignant thought leadership narratives.
• Make each off topic from your typical focus.
• Add to each:
– Clear POV
– Video narrative
– CTR links
– Affiliate link
– Partner % discount (brokers a referral % also)
• Push out through Email, Social and even PR if you choose.
• See where people come from and what they click on / buy.
• Tweak & Repeat. 🔁
3️⃣ Referral customers // those who get passed your way.
→ Maximize your diversity.
• Pick 5 partners in different categories (ex. suppliers, like-minded brands, friends, etc.)
• Do the following activities with each of them in this order:
– Brand give away
– Email co-promotion
– Email refer-a-friend
– Social tag-a-friend
• Pick the partner that gets you the best sales.
• Find more of them.
• Tweak & Repeat. 🔁
Every brand ebbs and flows.
When one channel slows, another will pick up.
Protect your assets.
Constantly attend to your 3-point revenue system.
You've got this.