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Bus on Shoulder Project
15 Ideas for Increasing Your Revenue Quickly
The past eighteen months have certainly not been something they taught us in business school. It started with a global pandemic and mandatory lockdowns of non-essential businesses, then erupted in costs of goods and services skyrocketing, only to complete this craziness with an employee shortage, and rent and real estate costs going through the roof for most areas of the country.
Whew!
If youโre like most businesses, youโre probably looking for ways to increase your revenue. Here are some things you can do right now as well as a few other ideas you can start implementing for long-term increases.
15 Ways to Make More Money at Your Business
- Raise your prices. Businesses of all types are being forced to do this because their costs are increasing.
4 Things Your Business Should Continue Post-COVID
At some point COVID will be relegated to the same level of concern the flu gets every year. It wonโt shutter businesses, alter family celebrations, and be the fuel behind contentious court cases.
Someday.
Letโs pretend weโre there now.ย
There are certain conveniences (and necessities) that businesses adapted during COVID that customers have become accustomed to. So, if youโre making plans for a โreturn to normalโ you may just want to reevaluate what that looks like based on your customersโ newly developed expectations.
Delivery and Curbside Pick-up
Whether you serve food or sell non-edible items, people have become accustomed to sitting in their cars (or at home) and receiving their goods. Customers love the convenience, the fact that they can come as they are and not worry about what they look like, and can run errands more efficiently. … Read the rest
How to Take Your Customer Relationship to the Next Level
Do you want to wow your existing customers? Are you ready to take your โrelationshipโ with them to the next level? Then it may be time to grab your data and do some personalized marketing.
What You Need
To get your customersโ attention, you need to have tools in place to measure things like buying frequency and purchase history. Youโll also want your customersโ email addresses.
If you donโt have that, start collecting it. If you do, letโs talk about how you can use it to drive additional sales.
Selling to existing, repeat customers is one of the easiest ways to increase sales. They already love you. But even people who love you and your products/services can forget to buy from you, especially if you sell a product or service that is want based, not need based, like a restaurant. … Read the rest
Donโt Open a Business Before Answering These Questions
These days a lot of people are considering business ownership. Whether you buy into a franchise, lease some space and start your own thing, or log onto the internet and begin building an ecommerce website, doing it on your own has never been more alluring. But just because you have an incredible skill or access to cheap goods does not mean you’re ready to open the doors to your own business.
Starting a business without a strong foundation can hinder your sales. If you open your doors prematurely, you risk making a bad first impression or targeting the wrong audience. That can be hard to recover from. Before you hang that open sign and put out your welcome mat, ensure you know the answers to the following questions.… Read the rest