Formula Five – what is it?

I have just finished watching the main formula five video, all 1 hour and 13 minutes of it and it’s pretty damm good. Paul Lemberg clearly is a very smart person and has a ton of experience helping businesses grow, as he alludes to in the video plus the numerous case studies he talks about.

So, the formula five system’s main goal is to:

“Help you build your businesses revenue and profits without doing a ton of extra work, doing this by improving 5 key areas by 15% each”

This means that the system is primarily about helping existing businesses grow and how do they do this, well it is all about five key subject areas which in the formula five system, are:

1. Deliver a strong value proposition that leads to strong pricing that leads to strong margins
2. Deliver continual stream of leads and business opportunities
3. Cost-effectively and consistently converts leads into paying customers
4. Have a way to fully monetize customers intead of selling just one time
5. Have effectiveness and efficiency so that people get enough done day in and day out

And in formula five jargon, these five steps are called:

1. Margin magnifier
2. Sales stackers
3. Lead landslide
4. Conversion control
5. Turbo thruster

Each one of these steps is covered in detail in the video, with tips and tricks as to what to do and I will be covering them in detail in my upcoming formula five launch report which has just been started and looks like being around 20 pages long. Watch this space!