you can double your business profits. How? One way is to increase the revenue you earn each month, and holding the expenses to the same amount. Another way is to keep your revenue the same, and decrease the expenses. Both ways will increase your business profits. Now let's discuss how you can accomplish this, using both methods to succeed, with a number of examples to use today. l. Increase your revenue, ramp up your sales every day. What methods are your sales team using to get the revenue? Waiting for the customer to call with a order? You need to get closer to the customer, while pitching your products a new way, show how the products are new, better and safer. 2. Send videos of your products to work your target market regularly. Offer a special price if they place their order this week. If your product is used by writers and editors, get it on Helium.com with writers from all over the world. Never depend upon selling to the USA alone, or just the East Coast, or the West Coast, go for China, India, Ireland, the whole world. 3. Are you selling the right products, services, at the right price? I have a friend who sells CD's on sports, and once he found a website on baseball, he found his revenue grew almost overnight. This new website discovery automatically increased his revenue You can do the same. Also, compare your prices, with other online business in your field. Do you sell them at low margin, at a lower price then competitors, then move up the price, and increase your profits. 4. Look at your weekly and monthly expenses. What expenses are not driving the business you need to succeed? Are your small internet ads pulling for you. Are you upgrading your website so you can fully show your products? Are you buying your products are the lowest prices, so you can get a better profit on each sale? Can you buy in quantity, or even change to another vendor? 5. Are you paying too much for utilities, heating, insurance, telephone costs, fringe benefits for you, and your team members, each dollar you reduce those basic expenses, can pick up a dollar in your profits. The key is to cut expenses, or add to revenues to increase your profits.
