4 Ways to increase your business revenue
There are only 4 way’s to increase your sales!
- Increase the number of customers – This concept is very easy, more customer’s equals more sales (assuming that the average transaction size of every customer stays the same). How do you do it ? Launch a effective marketing and advertising campaign.
- Increase the average size of every transaction – Meaning to get your customers to buy more.How do you do it ? Increase the number of products you sell or services that you render.
- Increase the amount of transactions per customer – Get you customers to buy more often from you.
- Increase your prices – This means that if the average transaction volume, size and frequency stays the same you will bring in more profit for the same effort.
By focusing on the above actions you will have an enormous effect on your Revenue