Invisible Money Finder-AI-powered revenue calculator
Unlock hidden upsell potential with AI
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Introduction to Invisible Money Finder
Invisible Money Finder is a tool designed to identify potential revenue that businesses may be leaving on the table by not offering higher-priced products or services. It is based on the 80/20 squared principle, also known as Perry Marshall's formula for upsells. This principle states that 20% of your customers will spend 4 times as much if given the right offer, and 20% of those customers will spend 4 times as much again, and so on. The goal is to help businesses recognize how much money they could generate by creating higher-priced offerings for their most willing customers. For example, if a business sells 100 units of a product at $100 each, they may miss out on additional revenue by not offering higher-priced products to the top 20% of their customers.
Main Functions of Invisible Money Finder
Identifying Potential Upsells
ExampleIf a company sells 1,000 units at $10 each, Invisible Money Finder calculates that 200 buyers (20%) would likely purchase a $40 product, 40 buyers would pay $160, 8 would pay $640, and 1-2 would pay $2,560, if these options were available.
ScenarioA business selling low-cost products realizes that offering premium versions could significantly boost revenue. Using the 80/20 principle, they can plan product tiers to meet the spending potential of their top customers.
Revenue Forecasting
ExampleA company selling 100 units of an espresso machine at $100 each could potentially earn $20,800 more by introducing higher-end versions of the machine.
ScenarioA small business uses Invisible Money Finder to model potential revenue gains by upselling to their highest spenders, allowing them to plan new product lines strategically.
Strategic Pricing
ExampleInvisible Money Finder suggests pricing tiers for products, helping businesses create a premium offering strategy. For instance, offering products at $100, $400, $1,600, and $6,400 allows companies to capture all customer segments.
ScenarioA subscription service considers pricing based on their customer’s spending habits, optimizing their service tiers to ensure maximum revenue from their top 20% spenders.
Ideal Users of Invisible Money Finder
E-commerce Businesses
These businesses often sell products in bulk but may miss out on higher revenue by not offering premium or luxury versions of their products. Invisible Money Finder helps them identify opportunities to introduce higher-tier products and maximize revenue from loyal customers.
Service Providers
Coaches, consultants, and agencies who offer services can use Invisible Money Finder to identify premium service packages that cater to high-spending clients, increasing their overall revenue without needing more customers.
How to Use Invisible Money Finder
1
Visit aichatonline.org for a free trial without login, no need for ChatGPT Plus.
2
Input your sales data, such as '100 units at $100 per unit.' This will serve as the foundation for estimating your potential upsell revenue.
3
The tool applies the 80/20 squared formula to predict the percentage of customers willing to pay for higher-end products.
4
Review the generated results to see different price levels and the additional revenue potential at each level, including detailed breakdowns.
5
Analyze how much revenue is potentially left on the table by not offering higher-priced products.
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Frequently Asked Questions About Invisible Money Finder
What does Invisible Money Finder do?
Invisible Money Finder helps businesses identify potential revenue they are leaving on the table by not offering higher-priced products. It uses the 80/20 squared principle to estimate how much more customers are willing to spend.
How does the 80/20 squared formula work?
The formula shows that 20% of your customers will pay four times more for a premium offer, 20% of those will pay four times more again, and so on, identifying multiple tiers of potential upsell opportunities.
What type of data do I need to input?
You only need to input your basic sales data, such as the number of units sold and the price per unit. The tool will use this information to calculate potential revenue at various price points.
How can this tool increase my business revenue?
By revealing hidden opportunities for upsells, you can introduce higher-priced product tiers that cater to your most loyal and high-spending customers, increasing overall revenue.
Is there any cost for using Invisible Money Finder?
You can use the tool for free by visiting aichatonline.org without needing a subscription or login, ensuring easy access for all users.