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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.

If you want to read all the details of the report, you can download it by clicking here.


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Comments

6 Responses to “Free Formula 5 MBA In A Box – My Quick Summary”

  1. Utah Seo on January 14th, 2009 3:31 pm

    I have also received emails about the new F5 unleashed. I think that Paul Lemberg knows what he is talking about and the marketers at Stompernet are getting people excited about the product. That is why they send those emails with links to videos that look like movie trailers.

  2. Donny Gamble on January 14th, 2009 10:23 pm

    Stompernet always seem to put out a lot of quality products. The only thing that I don’t like about their product is that they are very vague and don’t really give you a step by step action plan.

  3. George Manty on January 15th, 2009 7:50 am

    Donny,

    That used to be a complaint of mine too, but StomperNet actually gave an action plan in their last product and also in this one. I have a prelease copy of the Formula 5 product and one of the really cool things in it are the “action worksheets” that you use to implement Formula 5.

  4. mike on January 20th, 2009 11:41 am

    can i use formula 5 to grow a new mlm business??

  5. George Manty on January 20th, 2009 9:17 pm

    mike,

    If you are trying to grow an mlm business I DON’T think Formula Five is the best use of your money. I suggest you find products on improving your MLM business. I don’t personally do MLM type businesses. I recommend asking a friend of mine… Gavin at http://www.mlm10weekchallenge.com/ for recommendations.

    Formula 5 might help you some, but I doubt it is the place to invest money in your case.

  6. pluginprofitsite on February 19th, 2009 1:30 am

    Its right that you should raise your product pricing if you do not get enough sales as its better to get nothing rather than compromising with your business..

    Great work!





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