5 Ways To In­crease Rev­enue And Profit

180 words with the power to con­sis­tently boost your profits

1. In­crease Price

Rais­ing your prices is the eas­i­est and fastest way to in­crease rev­enue. Dan Kennedy says the key to get­ting higher fees is be­ing able to keep a straight face while quot­ing the fee.

2. Add More New Customers

You do this by in­creas­ing your mar­ket­ing ac­tiv­ity. Can you scale your ex­ist­ing mar­ket­ing? Or add new mar­ket­ing channels?

3. Sell More To Ex­ist­ing Customers

Make a res­o­lu­tion to get in con­tact with all your ‘old’ cus­tomers. It’s eas­ier and faster than find­ing new ones. What can you of­fer to ex­ist­ing cus­tomers that’s likely to get their interest?

4. Cre­ate New Offers

In­vent new ser­vices or prod­ucts that are a good tie-in with your ex­ist­ing of­fers. Use as up­sell, bun­dle them to­gether, or use them as first pur­chase of­fer for new customers.

5. Re­duce Or Elim­i­nate Costs

Like rais­ing prices is the fastest way to in­crease rev­enue, re­duc­ing cost is the fastest ways to in­crease profit. Check all your busi­ness ex­penses and see where you can re­duce costs. Can­cell un­nec­es­sary ser­vices and mem­ber­ships? Stop un­prof­itable ads? Find cheaper vendors?