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From the category archives: Blog

WealthGenerator Strategies

Improving Customer Traffic Flow

The layout of your retail store determines the way that traffic (customers) flows through your establishment. The better you understand retail store traffic, the more effective your store layout will be.

Shelf Company

A shelf company is a company that has not traded and historically has had no activity. 

Export Market Development Grants Scheme

The Export Market Development Grants (EMDG) scheme is a key Australian Government financial assistance program for aspiring and current exporters.

The Export Market Development Grants (EMDG) scheme is a key Australian Government financial assistance program for aspiring and current exporters.

Increase the Average Transaction Size

Increasing the average transaction size will increase sales revenue. For example, a 20% increase in average transaction size will result in a 20% increase in total sales revenue.

Public Company Limited by Shares

Unlike private companies, under the Corporations Act public companies can raise capital from the public, and have unlimited shareholders.

Raise Your Prices 10%

Raising your selling prices will increase sales when your product or service has an inelastic demand curve i.e. when you raise prices and there is minimal or no change in volume sold.

Lower Your Prices by 10%

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.

Proprietary Limited Company (Limited by Shares)

Proprietary limited companies are the most common company structure in Australia and account for 98.5% of all companies.

Upselling

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

Partnership of Discretionary Trusts

A partnership of discretionary trusts is a partnership where each partner is a discretionary trust.

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