Watch the video below to learn more. And stay until the end. I'll be sharing with you what LTV is.
You're a busy entrepreneur building a business, and you need to be focusing on generating revenue. So who has time to deal with legal jargon?
Save yourself, time, money, and effort by leaving the legal stuff to the legal professionals.
Website Privacy Policies Are Required by Law
Legal Partners Help Keep You Up to Date with New Laws
Privacy policies now are being initiated by certain regions in the world and certain states within the United States.
The only way to keep up with these kinds of laws is to make sure that you have a legal professional behind your website.
Another example of this is the European Union. The EU has GDPR, and you must comply with the GDPR and their rules around privacy, the information you collect, and the transparency that you're providing when you collect that information.
The bottom line here with all of this information: Your focus should be on building and scaling your business--not trying to be a legal professional.
What kind of information are you collecting?
How are you collecting that information? Is it through Google Analytics, cookies, or both on your website?
This needs to be specifically stated and very clear to your viewer who lands on your page.
They also need to know why you're collecting this information.
Are you using it for advertising?
Are you using it so that you can reach out and communicate with them or send them receipts when they make purchases on your website?
This needs to be stated as well.
In addition, you also need to let your viewers on your pages know how you're using that information.
For example, would you ever sell your email list?
If you're not going to resell people's information or provide that email list to others, then you need to let your end-users know.
Be transparent with them and state that you don't share their personal information with other companies.
Finally, you'll need to have a clear way for people to opt-out of having their information collected.
This means disclosure about accepting cookies, giving them the ability to unsubscribe, and more.
Because we take our legal policies and responsibilities so seriously, we have researched many companies and chosen one of the best options to provide legal templates and bundles and contracts for you.
Our source here at The Smart Better Life™️ has been vetted so that we make sure that we are compliant and legally protected. And we want this for you, our client, as well.
Purchasing legal templates and bundles from someone who is a legal pro and who also understands the world of the digital online entrepreneur is important.
Therefore, we chose The Contract Shop®️.
The bundle pack is the best deal, saving you hundreds of dollars over buying each of the templates separately.
By the way, we don't recommend any products or services that we don't personally use here at Annie Bauer and The Smart Better Life™️ ourselves.
Everything that we recommend here is based on the tools that we know you need to be successful and legally sound.
Bonus Tip: Know Your LTV
One of the most important numbers that you need to know in your business is called LTV. It's the lifetime value or the long-term value of your customer or client.
To run your business successfully, start moving away from a transaction mindset and start moving towards a relationship mindset instead.
A viewer might come to your website and start out by buying one of your low priced items first. It could be a product, service, or course. But if you treat that customer or client like a highly valued person and build trust in the relationship that is full of transparency, the long-term value of that customer over months or years will be many times the value of their original purchase.
And believe me, it's much better to retain the clients and customers that you have and add value to them over a longer time than to constantly be seeking new customers.
One of the easiest ways to do this is to have a website with full disclosure regarding your policies and terms.
Go to the links below and get started right now on making your website--and your company--legally compliant and customer-focused.
NOTE: I'm not an attorney and this video does not constitute legal advice. If you have further questions, seek out an attorney who specializes in legal for online businesses and privacy law.