4 Amazing secrets that can Double your sales
- osaghae osamuyi
- Jul 25, 2020
- 3 min read
Every business exists to make profit and to make profit you must know the right things to do. Entrepreneurs are excited to start off with wonderful business ideas and products. Not many think about how to get the product or service to those who need it. No matter how great your ideas or products are if no one knows about your products or service you will struggle and you will soon close shop. The key to remaining in business is making sales.
Every salesperson wants to close more sales -- that’s no surprise. But sometimes closing more sales isn’t actually the best way to make more money. In fact, it’s far easier to double your sales by doubling the amount of your average sale than it is to double the number of sales you close.
If you want your business to bring in more money, there are only 4 secrets to Increase Revenue: increasing the number of customers, increasing average transaction size, increasing the frequency of transactions per customer, and raising your prices.
One of the most important aspects of a business is marketing. I will rather prefer to say that business is marketing. If marketing is not is not working the whole business will die
Lets begin by looking at the four amazing secrets that can double your sales
Increase your number of customers: Your business may start with friends and family patronizing your services but if you will make real progress you will have to look beyond friends and family. To increase your customer base you should be ready to spend on adverts especially social media adverts. Your adverts should have great contents. Offer your customers free information. For example you run a skincare product offer free tips on how to keep an amazing skin.
Increase average transaction size: If you sell men's clothing for example, I should be able to get varieties of men's clothing from you. Increase your product line to increase the size of transactions a customer can have with you. If you run a restaurant don't just serve food, serve other things that will make your customers spend more.
Increase frequency of transactions per customer: Increase how often a customer visits you. Spend more time and resources on customers that can pay and constantly do a follow up to ensure you remain in their minds. Keep yourself very visible to them.
Raise your price: Do not be afraid to raise your price. Except you run a charity organization that should be the only reason your prices should be very low. If you raise your price and do not compromise on your quality people will pay. I have tried this principle and people have paid higher than they paid the previous time as long as your quality is top notch.
Your business will survive if you will invest in marketing. You do not spend money on marketing you invest in marketing. Your adverts should lead to closure except you are big company already and you just want to be visible. Any adverts you spend money on should generate more sales.
You need great contents to drive your marketing campaigns, that's where we come in.e Get in touch with us for your marketing campaigns and social media management. Invest in great contents to drive traffic and sales on your platforms.
follow me on Twitter and Instagram @osassquare
Email: osaghaeosamuyi@gmail.com
07069691982
Comments