Summary
- A small change can have a big impact. Adding PayPal as a payment option increased sales by 16 to 18% for the company Murly.
- Implementing simple solutions, like new payment methods, can significantly boost revenue with minimal effort.
- In my experience with the software company Ubersuggest, adding PayPal led to an 18% increase in new monthly revenue.
- Reducing friction in the buying process makes it easier for customers to complete purchases.
- Making your checkout process simple and customer-friendly can lead to more sales.
Video
How To Take Action
I would suggest implementing some easy strategies to help your business grow quickly without spending a lot of money or time. First, think about adding PayPal as a payment option if you don’t have it already. It's a small change that could make a big difference, like increasing sales by up to 18%, just like Murly and Ubersuggest experienced.
A good way of doing this would be to focus on making your checkout process super simple. People don't like complicated things, especially when they want to buy something. The easier it is for customers to pay you, the happier they'll be and the more likely they'll finish their purchase.
You can also test your checkout process by pretending to be a customer. This can help you spot any tricky spots that might confuse people or make them give up on buying.
If you're an entrepreneur looking to grow personally, think about how these small changes in your own daily habits could lead to big improvements. For instance, simplifying your daily tasks and removing friction in your day can help you achieve more with less stress.
Full Transcript
this small change will boost your sales by 18% a few years ago I was on the phone with this lady from this company called murly they just added PayPal as a payment option and it increased their revenue roughly by 16 to 18% per month this change required minimal effort yet yielded significant financial impact so I made the change with one of our software companies called Uber suggest no joke after implementing the change we saw roughly at 18% increase in new monthly Revenue one of the hardest things to do in marketing is getting someone interested and wanting to buy from you so once you get those people who are interested remove friction and make your checkout process easy
