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Increase Business Profits - Ten Ways


How do you increase business profits? Answer the following questions carefully, and you'll have a good start.

1. Can you increase the average sale? A restaurant with 25% profit margins might make 50% on additional sales to existing customers (less labor to bag one large order than two smaller ones). Asking "What would you like to drink with that?" works, and it's just a start.

2. What's the least expensive way to get a customer? Before you spend another thousand dollars advertising to get new customers, could you get as much business by spending a few hours contacting previous or existing customers?

3. What low risk ideas can you try? I once sent a letter to several visiting basketball teams, inviting them to visit our restaurant, and giving the coach a free meal as an incentive. The cost? Two dollars. The pay off was two busloads of customers. At that rate, you could increase your business profits even if nine out of ten ideas fail.

4. Have you tested prices? I knew a store that sold a product for a $1.05, that cost them $1.00. At a price of $1.20, it is doubtful that they'd lose half their sales, but if they did, they'd still make twice the profit. Some things even sell better at a higher price. Test.

5. Can you measure your advertising results? How do you know that you're not spending more for a customer than they're worth? Coupons, customer surveys and other methods of measurement are a must.

6. How do you know your customers are satisfied? The worst restaurant meal we ever ate went down without a comment, but we never returned to that restaurant. Maybe the owner should be talking to the customers.

7. Can you enhance the percieved value of your product? Years ago, I sold walking sticks for $10 at flea markets, and $20 at craft shows. Sometimes location alone can enhance the percieved value of a product. What else can you do?

8. What are similar businesses doing? See what your successful competitors are doing. Can you do the same?

9. What other products can you sell? There's a reason stores have candy and magazines near the checkout. Extra sales are a great way to increase business profits.

10. Can you use your customers as salesmen? Word of mouth is a start, but what other ways can you get your customers to bring their friends to you?

These were culled from a longer list. I call it "stolen business ideas," because I can't credit the original authors. I took them where I found them over the years, with grattitude, but without notes.

Steve Gillman has been studying every aspect of money for thirty years. You can find more interesting and useful information on his website; http://www.EverythingAboutMoney.info


Todays News by officejax free advertising and ad exchange solutionsMORE RESOURCES updated Wed. August / 15 / 2018
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Home remedies: How a healthy diet can help manage pain - Santa Maria Times

Santa Maria Times

Home remedies: How a healthy diet can help manage pain
Santa Maria Times
Good nutrition is an important part of your overall health. A healthy diet should include a variety of foods, including fruits, vegetables, whole grains, low-fat dairy products, lean proteins and healthy fats. This gives your body the nutrients and ...


Home remedies for brittle nails - Daily Monitor (press release) (blog)

Daily Monitor (press release) (blog)

Home remedies for brittle nails
Daily Monitor (press release) (blog)
Brittle nails often show an underlying health problem. It is important to check for nutrient deficiencies with your nutritionist if you have brittle nails. Nonetheless, there are home remedies that can treat brittle nails. Coconut Oil. It is very ...


Home remedies to remove moles - TIMESOFINDIA (satire) (press release) (blog)

TIMESOFINDIA (satire) (press release) (blog)

Home remedies to remove moles
TIMESOFINDIA (satire) (press release) (blog)
A mole is cluster of skin cells which are not spread evenly on the skin. These skin cells are technically known as melanocytes and these are the cells that give the pigment its colour. Most of the moles initially appear as abrasions or skin irritants ...


21 Home Remedies for Dogs and Cats - Care2.com

Care2.com

21 Home Remedies for Dogs and Cats
Care2.com
by Melissa Breyer, Treehugger. From knocking out fleas and ticks to fighting the havoc of hairballs, these simple, all-natural home remedies for dogs and cats are both planet and pet approved. In 2018, Americans are expected to spend more than $72 ...


5 home remedies for straight hair - Times of India

Times of India

5 home remedies for straight hair
Times of India
If you have had enough of your frizzy hair and are dying to get your hair straightened in a salon, we want to tell you that you can straighten your mane at the comfort of your hair! Well, here's a look at five ways you can have poker straight naturally.


12 Home Remedies for Bug Bites That Actually Work - Reader's Digest

Reader's Digest

12 Home Remedies for Bug Bites That Actually Work
Reader's Digest
... the nerves that were telling your brain 'this is itchy!' change their tune and start telling your brain 'this is cold!'” she says. “Second, the coldness reduces local swelling and inflammation.” Only apply the ice for a few minutes at a time. Try ...


Tired Of Recurring Pimples? Here Are Simple Home Remedies That'll Help You Get Rid Of Them Stat - India Times

India Times

Tired Of Recurring Pimples? Here Are Simple Home Remedies That'll Help You Get Rid Of Them Stat
India Times
That's why it is often recommended to treat conditions, such as cuts, burns, rashes and even psoriasis. However, aloe vera gel when combined with other remedies, however, like tretinoin cream, for instance, is significantly more effective than using ...


These Home Remedies for Jock Itch Might Actually Worsen the Problem - menshealth.com

menshealth.com

These Home Remedies for Jock Itch Might Actually Worsen the Problem
menshealth.com
According to Dr. Farhadian, "patients often think that any rash in the groin area is jock itch (medically referred to as tinea cruris), but that couldn't be further from the truth." And that's where the problem with the oft-touted home remedies comes in.


Garlic Burned Through Woman's Toe in Athlete's Foot Home Remedy Disaster - Newsweek

Newsweek

Garlic Burned Through Woman's Toe in Athlete's Foot Home Remedy Disaster
Newsweek
A woman in the U.K. has burned the skin of her left big toe after using raw garlic to treat a fungal infection in a disastrous home remedy. The sliced raw garlic caused a second-degree chemical burn that coursed through her skin, making the top of her ...


7 Quick Home Remedies To Bring Relief From Acidity - NDTV

NDTV

7 Quick Home Remedies To Bring Relief From Acidity
NDTV
While there are many medicines that can help bring relief from acidity, you can also turn to home remedies to follow the natural way. There are many age-old remedies that are commonly used across Indian households and bring immediate relief. However ...


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