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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 Sat. October / 20 / 2018
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Home remedies: Treating anxiety with herbal remedies - Medical Xpress

Medical Xpress

Home remedies: Treating anxiety with herbal remedies
Medical Xpress
Several herbal remedies have been studied as a treatment for anxiety, but more research is needed to understand the risks and benefits. Here's what we know—and don't know: Kava. Kava appeared to be a promising treatment for anxiety, but reports of ...


Causes and home remedies for toe cramps - Medical News Today

Medical News Today

Causes and home remedies for toe cramps
Medical News Today
The toes and feet bear the weight of the body every day. People may squeeze them into tight-fitting shoes or subject them to pressure while playing sports, making toe cramps a common complaint. When people experience toe cramps, they may be a mild ...


Home remedies 'no deterrent' against slugs and snails - BBC News

BBC News

Home remedies 'no deterrent' against slugs and snails
BBC News
Home remedies used to deter slugs and snails from prized plants appear to have no scientific basis. Using the likes of grit or egg shells to guard against slug attack did not reduce damage to lettuces in trials. Five popular methods were tested over ...
Slugs have won, RHS says, as landmark study shows that no home remedies workTelegraph.co.uk

all 133 news articles »

This Simple Yet Effective Home Remedy Is All You Need To Keep Dandruff Issues At Bay - Doctor NDTV

Doctor NDTV

This Simple Yet Effective Home Remedy Is All You Need To Keep Dandruff Issues At Bay
Doctor NDTV
Excessive flaking on the skin of scalp is referred to as dandruff. With winter soon approaching, dandruff is more likely to increase or become severe. Dandruff can be easily detected as it causes small, round or white to grey patches on the scalp. It ...

and more »

Home remedies for tongue blisters - Daily Monitor (press release) (blog)

Daily Monitor (press release) (blog)

Home remedies for tongue blisters
Daily Monitor (press release) (blog)
According to drstevenlin.com, an online portal, tongue blisters are commonly due to an injury such as unsudden biting of the tongue or brushing it so hard with a toothbrush. They can also be caused by food allergies. However, you can try some natural ...


"Dr. Google" does not know your pet, so see your veterinarian instead - The Oakland Press

"Dr. Google" does not know your pet, so see your veterinarian instead
The Oakland Press
As a veterinarian in a semi-rural part of the state, I see some pretty creative home remedies from clients. Some folks around here do not like to take their pets (or themselves) to the doctor unless it's something that causes genuine alarm. Instead ...


Home remedies for my bees - Coos Bay World

Coos Bay World

Home remedies for my bees
Coos Bay World
It was a very busy bee season for me. I planned for my three pound package of bees April 22, from GloryBee through Cascade Farm & Outdoor but additionally gathered seven (assisted on two) swarms, from as far north as Lakeside to as far south as ...


Home remedies: Coping with conjunctivitis - Waterloo Cedar Falls Courier

Waterloo Cedar Falls Courier

Home remedies: Coping with conjunctivitis
Waterloo Cedar Falls Courier
Pink eye (conjunctivitis) is an inflammation or infection of the transparent membrane (conjunctiva) that lines your eyelid and covers the white part of your eyeball. When small blood vessels in the conjunctiva become inflamed, they're more visible ...


Home remedies for relieving gas during pregnancy - Medical News Today

Medical News Today

Home remedies for relieving gas during pregnancy
Medical News Today
A woman may also experience more gas during the later stages of pregnancy, when the growing fetus places additional pressure on the abdominal cavity. While it is impossible to prevent gas during pregnancy, several safe home remedies can reduce gas ...

and more »

Seven amazing home remedies for bad breath - The Standard

The Standard

Seven amazing home remedies for bad breath
The Standard
You do not have to worry about bad breath, however, since there are easy ways of getting your fresh breath back, other than maintaining good oral hygiene. These remedies can be done from the comfort of your home, saving you a trip to the dentist: Oranges.


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