Profit Improver Strategies - Blog

Lower Your Prices by 10%

6/18/2019 1:41 PM

Lowering your selling prices will be a profitable strategy if lower prices produce greater gross profits due to increased sales volume even though profit per unit has fallen.

Upselling

5/21/2019 12:17 PM

Upselling is more successful when the up sellers know more about the individual customer and understands what the customer values and wants.

Calculate the True Value of a Customer

4/2/2019 12:17 PM

By calculating the true value of a customer, or potential customer, it places a value on the total sales and profits generated by the customer over their lifetime with the business.

Operate Your Business from Home

3/5/2019 12:34 PM

Operating your business from home is an option if you predominantly work at client premises, deal with clients predominantly over the phone & internet, or need a small office.

Relocate to Smaller Premises

1/7/2019 1:35 PM

Reducing space usage and relocating to smaller premises will reduce rent costs (where the new premises have a similar cost per metre as the current premises).

Sublease Part of the Premises

12/11/2018 12:08 PM

If you have unused space, subleasing part of your business premises to a third party is a great short-term strategy to reduce some of your fixed costs.

Ask for a Rent Reduction

11/15/2018 1:35 PM

This strategy involves asking the landlord for a rent reduction.

Blog

From the category archives: Blog

Lower Your Prices by 10%

Upselling

Calculate the True Value of a Customer

Operate Your Business from Home

Relocate to Smaller Premises

Sublease Part of the Premises

Ask for a Rent Reduction

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