We received this rather dismal email from Ryan Barr, one of our Premium members:
Guys -
My business is dying. I'm getting pretty desperate. I was at 1.6M Rev in 2016 and this year I finished at 850,000. I'm not sure what to do. Seems like everything I'm doing makes things worse. Conversion rate keeps slipping. This is an awful and scary time.
Ryan
This email led to Ryan being on the podcast today. This is not an uncommon situation and I'm hopeful that the lessons in this episode will help others in the same boat.
Ryan started his business around 2011. He enjoyed explosive growth in the first few years, starting from 50k in his first year, to 200k, then 500k.
In 2016, he hit $1.6 million in revenue.
After he hit his $1.6 million high, things began to plateau.
Things didn't get better from there. In 2017, sales declined to $1.3 million, and then last year, it dropped to $850k.
Ryan and I start by diagnosing the problem. We talk about what worked for him before and trace where things started to go wrong.
We talk about actionable advice that he can implement immediately to recover from the slump:
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Until the next one, happy selling!