Business success strategies revealed
Focusing on the positive is very important during challenging times. Today's ever changing economy makes it tough on business owners, but the smart business owner focuses on the positive and asked great questions. One of those being what can I do to increase the revenue in my business.
Start out by taking a close look at what you sell. How profitable is it? Could it be more profitable? Are there additional products or services that you could sell to make more profit? When was the last time you increased your price? These are just a few of the questions you should be asking yourself to increase the profits in your business?
Having the right relationship with your customer is important to the success of your business. It's important to show your customers and clients that you care. We do this by recognizing anniversary dates, birthdays, and sending out holiday cards. You can also send your customer a note when it's been a while since they purchased from you.
There are two key ways to increase your profits and your revenue in business. Get the customers you have too purchased more or more often. One of the easiest ways to increase your revenue is to offer a package deal. Let's say you own a lawn care company and your average customer gets their lawn mowed 20 times per year. if you're charging $40 per cut, that customer is worth $800. Now, let's look at a package option. At the beginning of the year, offer to cut your customers lawn for $700 for the entire year. This is not only a good value for the customer, but it also locks that customer into your services for the entire year.
It's a great idea to offer bonuses with a purchase. Our company gives away free Flip Mino HD video camcorders with purchase of our monthly video marketing program. a dry cleaner might give away a free lint roller with every $50 in cleaning.
Take a close look at your advertising budget. Too many business owners are still paying hundreds of dollars a month for ineffective yellow page advertising. Today, it's easier to Google a business than it is to go searching in the Yellow Pages. a simple e-commerce campaign is easy to do and cheaper than the Yellow Pages.
Do you have a customer list? If not, now is the time to do one. Four years direct marketers have sent out marketing pieces to announce new products, new services, special sales, promotions, and remind customers that it's time for a visit to the doctor. Today's list builders use technology instead of direct mail. It's cheaper and more effective. You can easily use this technology when you've had a slow week. Simply, send out a quick e-mail with the details on a special, silent promotion giving customers a 20% discount this week only.
Another great way to build your business and continue profitability is by running a buy local campaign. Start with your family and your own business, buy everything you can from a local business owner Instead of a big-box retailer. Chambers of commerce have been a popular way to focus on local business, but few have put any effort into promoting it by local campaign. start by putting together 50 to 100 business owners who will each commit to putting a sign in their door or at their counter promoting the Buy local website And their membership. "A recent study found that for every $100 spent in a chain store, $14 went back into The local economy. For a locally owned business, $45,", says Stacy Mitchell author of "Big-Box Swindle.
Staying profitable during challenging times is easy when you focus your efforts working on your business instead of in your business.
Start out by taking a close look at what you sell. How profitable is it? Could it be more profitable? Are there additional products or services that you could sell to make more profit? When was the last time you increased your price? These are just a few of the questions you should be asking yourself to increase the profits in your business?
Having the right relationship with your customer is important to the success of your business. It's important to show your customers and clients that you care. We do this by recognizing anniversary dates, birthdays, and sending out holiday cards. You can also send your customer a note when it's been a while since they purchased from you.
There are two key ways to increase your profits and your revenue in business. Get the customers you have too purchased more or more often. One of the easiest ways to increase your revenue is to offer a package deal. Let's say you own a lawn care company and your average customer gets their lawn mowed 20 times per year. if you're charging $40 per cut, that customer is worth $800. Now, let's look at a package option. At the beginning of the year, offer to cut your customers lawn for $700 for the entire year. This is not only a good value for the customer, but it also locks that customer into your services for the entire year.
It's a great idea to offer bonuses with a purchase. Our company gives away free Flip Mino HD video camcorders with purchase of our monthly video marketing program. a dry cleaner might give away a free lint roller with every $50 in cleaning.
Take a close look at your advertising budget. Too many business owners are still paying hundreds of dollars a month for ineffective yellow page advertising. Today, it's easier to Google a business than it is to go searching in the Yellow Pages. a simple e-commerce campaign is easy to do and cheaper than the Yellow Pages.
Do you have a customer list? If not, now is the time to do one. Four years direct marketers have sent out marketing pieces to announce new products, new services, special sales, promotions, and remind customers that it's time for a visit to the doctor. Today's list builders use technology instead of direct mail. It's cheaper and more effective. You can easily use this technology when you've had a slow week. Simply, send out a quick e-mail with the details on a special, silent promotion giving customers a 20% discount this week only.
Another great way to build your business and continue profitability is by running a buy local campaign. Start with your family and your own business, buy everything you can from a local business owner Instead of a big-box retailer. Chambers of commerce have been a popular way to focus on local business, but few have put any effort into promoting it by local campaign. start by putting together 50 to 100 business owners who will each commit to putting a sign in their door or at their counter promoting the Buy local website And their membership. "A recent study found that for every $100 spent in a chain store, $14 went back into The local economy. For a locally owned business, $45,", says Stacy Mitchell author of "Big-Box Swindle.
Staying profitable during challenging times is easy when you focus your efforts working on your business instead of in your business.
About the Author:
Jay NaPier is an e-commerce consultant providing Article Marketing, Video Marketing and Text Message Marketing NaPier is also the Founder and Owner of Live! White House, a White House, Tennessee Directory.