#80 – 3 Steps To Double Your Profit And Halve Your Work Hours – Part 3 Of 3

James and Tim are back for the last part of their series about doubling your profit and reducing your work hours. In this episode, discover the formula for profit and learn how to get better conversions.

In the episode:

03:20 – Accent exercise

05:07 – A videoke dare

06:00 – A recap of the 2 steps to doubling your profit

07:28 – Today’s topic: Business

08:09 – What is the profit formula?

10:35 – How to get better conversions

18:03 – This is what you should be thinking about

19:20 – The big frequency winner

20:20 – Elements for retaining customers

21:07 – 3 main elements of a membership

22:41 – The reason people stay

25:07 – Salable assets

27:00 – Action step

Download the PDF transcription

Tweetables:

Make a game of creating content. [Click To Tweet]

Focus on frequency. [Click To Tweet]

Retention rather than acquisition [Click To Tweet]

Internet Marketing Products & Resources

Here you’ll find Tim and James have some things to help your business become more powerful.

Transcription:

Tim: Welcome back listeners to another episode of Freedom Ocean. Me, I’m Timbo Reid, you, you’re James Schramko. How are you, Jimmy?

James: Doing really well. Thanks, Tim. How about you?

Tim: Good. This is a show, for those who have not tuned in before, about the Internet, about Internet marketing, really. So the show about Internet, that would be another podcast that I Iisten to called Reply All. That’s a show about the Internet. That’s their positioning line. But this show is about just Internet marketing and all those questions many of us have, which Jimmy James Schramko has all the answers.

James: We’ve had a lot of audience over the years. We sort of stretched this thing out, don’t we? We broadcast infrequently but we make sure it’s good value.

Tim: Quality mate, not quantity.

James: We’re actually Part 3 now of a 3-part series. The dawn is come. The daylight’s happened, and now we’re going for the evening session on this one.

Tim: Yes. Feeling a little bit romantic, are you Jimmy?

James: Maybe, it must be watching the sunrise everyday. It’s programmed in.

Tim: Does it to you. Well, that is good. You’re telling me these 3-part series type approaches or series-type models of podcasting add a significant listener base because of, what did you call it?

James: FOMO.

Tim: FOMO.

James: Fear of missing out. So if you really want to get more traction on stuff, just say, part 1 of however many, like part 1 of 6, part 1 of 4. It implies that there will be future parts. So you can pick up a subscription. If someone joins after you’ve recorded them, it is tempting to want to listen to all of them, especially if you call back and you refer to future episodes.

So for example, we’re going to introduce what <a href="http://www.freedomocean.