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Ever wondered what things product-based business owners do to get ahead?

Have you ever tried to figure out what they have in common?

After more than 25 years working with 100's of product-based businesses and successful entrepreneurs these are some characteristics I have noticed in common.

Some of these are actions and some of these are strategies.

See how many you have and whether you think I am on the mark.

I listed out 10 but I am sure there are more.

Welcome to this new season in thelotco business podcast.  I love helping you build your profitable product business and sharing stories to inspire your journey. 

Top 10 Characteristics of Successful Product-Based Businesses

In this episode of The Lotco Business Podcast, Melissa Robbins, a business coach, shares insights on the top 10 characteristics of successful product-based businesses. 

Covering points such as taking risks, diversifying sales channels, utilizing multiple marketing strategies, attending trade shows, reinvesting in the business, personalizing business operations, outsourcing, continual evolution, managing cash flow and inventory, and knowing your numbers, Melissa provides practical advice and observations drawn from her experience with various businesses. 

Listeners will gain valuable tips on how to grow and sustain a profitable business in the competitive retail and design industries.

00:00 Introduction to the Podcast

00:40 10 Characteristics of Successful Product-Based Businesses

05:58 Masterclass Invitation

11:05 Recap of the 10 Characteristics

13:33 Conclusion and Farewell

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I'm Mel Robbins! from @thelotco

Want a Roadmap to Building a Profitable Product Business head here for directions!

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Find more details at https://www.thelotco.com.au/

Business Coach for product-based businesses. Teaching creative business women how to build a scalable and profitable million-dollar product business whether a physical Retail store or Brand.

Over 25 years as a Retail and Wholesale Strategist (Sales and Marketing for Brands).

Grab my 8 step checklist on building a profitable product business.