Free Formula 5 MBA In A Box – My Quick Summary
Written by George Manty · January 14, 2009
The other day I finished reading Stompernet’s free report called “MBA In A Box”.
Here is my quick summary of what is covered in MBA In A Box:
1. Raise the price of your product by 15 percent.
2. Increase the perceived value of your product.
3. Sell more to your existing customers.
4. Businesses fail because:
A. Lack of vision.
B. Lack of strategy to carry out vision.
C. Lack of a system for marketing and sales.
D. Lack of a system to monetize clients.
E. Trying to do too many things (no systems to get things done).
5. Businesses succeed when:
A. They have a strong value proposition.
B. Continual stream of leads.
C. Consistently and cost effectively convert leads to customers.
D. Have a system to monetize customers.
E. Operate efficiently.
6. Compound all five parts of the formula together to create a huge increase in profits.
I know that Formula 5 is based on solid business success principles because my business mentors have taught me the same strategies discussed in this report (and I teach them as well).
The full report goes into more detail about implementing Formula 5 strategies, but I thought a good summary would help you know what to expect when you check it out for yourself.
So, who should read the free Formula Five MBA In A Box report?
The report is best suited for online entrepreneurs who sell products and services. It’s not really useful for people who make their living (or intend to make their living) from affiliate marketing. It’s also not something that I would generally recommend to people who are absolutely new to Internet marketing (0-3 months experience— if you fall in this category, you should check out OnlineProfits.com). However, it is free and unless you have some sort of formal business training, then you will probably learn a thing or two about maximizing your online business profits by reading it.