Ways to Increase Revenues
To grow any enterprise, You must develop strategies that will drive sales to ever-higher levels while ensuring that your growth in revenues translates into higher cash flow and profits. Essentially there are ways to increase revenues. Mastering any one will produce significant results.
Make More SalesThe first and perhaps most
obvious way to increase revenues is simply to make more sales. Of course, one
of the best ways to accomplish this objective is by expanding your customer
base.
Sell
More Often to Existing Customers
In addition to expanding
your customer base, you can also make more sales by selling more often to the
same customer. Customer acquisition costs can be enormous. Once you have
developed a customer, look for ways to increase the number of times you sell to
him in any given period. In addition to increasing your sales revenues, such
sales will also be more profitable.
Sell
Something Else
In addition to increasing the number of transactions per customer, you might also be able to sell the customer additional products. Increasing revenues from your existing customer base in this way is yet another example of capitalizing on your original customer acquisition cost. Ask yourself, "What else would someone who is purchasing my product or service be interested in buying?"
Make More Profitable Sales
To this point, we have covered four ways to increase gross sales revenues. But what is of paramount importance to any business is cash flow and profits. In addition to achieving this end by increasing gross sales revenues, you can reach the same goal by improving sales margins-that is, by increasing net sales. Examine the profitability of each of your customers. Also, determine the profitability of each product--you will find that some are more profitable than others.Reduce Your Selling Costs
Examine your sales processes.
Post Your Ad Here
Comments (13)
Stephen A. B.15
AYS Multi Services
simple and Precise write up, I like it...:)....
Jim Lee7
Wholesale shoes supplier
online sales is definitely a good way to increase revenues!
Sanjita Nanda6
SEO SR.Expert
Wow......Nice info.I'll share this my friends.
Paul H.8
Marketer
Nice helpful tips! Thanks for sharing.
Michael Felix10
Good advice......I try to do just that....
bong b.3
Programmer
Thanks for sharing. Ill try to create strategies from this article.
Md Symoon2
This good article, I hope more for you.
JOSEPH CHACKERY13
Officer
Moreover, loads of targeted traffic to your site is necessary for conversions and sales.
Anna Novakova12
Independent Marketing Partner
To increase sales of high-profit margins, you must contact their most profitable audiences.
Vishwajeet Kumar14
Blogger
Very Well Written Article With good helpful tips. Thanks for sharing this.
Chukwuekwu Okonta12
Forensic accountant
@vp, another thing is implementation of the principles of generating revenue.
Vps Malhotra16
Free Lancer
good sysstemetic advise and info if followed shall result in enhanced revenues the strategies alone do not work Right Decision Assured Future Revenues is the salt of all ventures to succeed