TNA needs to do these five things:
1.) More title changes on live TV to make fans not want to miss a single Impact! episode for fear they might miss something big.
2.) Continue with strong storylines like Aces and Eights, Storm vs Styles, and Matt Morgan vs TNA.
3.) Continue pushing young guys who can cut good to great promos; Austin Aries, Robert Roode, Eric Young, Samoa Joe, Magnus, James Storm, Kazarian, Matt Morgan, Kenny King, Joseph Park, and DOC. These guys will serve as your back bone until you get some new talent and continually replace guys as they grow older.
4.) Move to a better channel. I first found TNA Impact!, while channel surfing on it's inaugural night on Spike! TV. Move to TBS or some other prime time channel where someone flipping through channels can stay tuned and maybe get hooked.
5.) Keep emphasis on the other divisions as well and keep them just as strong as your main event talents. Keep creating awesome tag teams like MCMG, Bad Influence, Beer Money Inc., L.A.X., and America's Most Wanted just to name a few. Honestly with some of the guys they aren't using they could really improve the tag team division like Joe and Magnus now that the World title picture is going to be full with Angle, Sting, Matt Morgan and Jeff Hardy. Let guys like Rob Terry, Eric Young, or Joseph Park loose in the TV Division to see what they can do. Let more X-Division guys shine like Kenny King, Zema Ion, Joey Ryan, Christian York, and Jesse Sorrensen. Maybe bring up guys like Crimson and Gunner to the tag team division as to ease them into the roster in a division that is relatively barren right now. Bad Influence, Roode and Aries, and Chavo and Hernandez are the only teams.