Skip to main content

Melneka Bowers | Ways to Increase Business Revenue

Melneka Bowers | While this article may sound like a slap in the face for some business owners; it is not intended as such. Following are seven ways you can increase your business revenue (or save money) that you may not have thought of.

1 – Increase your prices. | Melneka Bowers

This might seem like a stupid thing to say – however, it is one of the most overlooked. If you are selling a lot of a particular item and you wish to make more money from it then it is really that simple. If the product is as good as you think it is and people like it, then they will pay what it costs.
Melneka Bowers
Melneka Bowers

2 – Lower your prices.

This is a stark contradiction of the first point. If you are not selling enough of a particular item, then reduce the price. Look around to see how much your competitors are selling it for and then adjust your price accordingly.

3 – Downsize your office.

If you have staff that you can’t afford to pay then that would be one way to downsize. Another way is to actually move to a smaller office. It will likely cost you less because the office is smaller and you will probably find your electricity costs come down too because you don’t have such a large area to keep lit.

4 – Advertise more. | Melneka Bowers

If you are not getting the sales you need then it might because people don’t know you exist. Find alternate means to advertise, test the waters a little. Some advertising methods I have tried which seem to have failed for me involve newspapers, radio airtime and having a website with poor search engine optimisation. You can turn this around however, get someone to start optimising your website to get a higher search engine ranking, buy some Google AdWords credit and try other forms of advertising like mailing out a flyer that offers a special deal on your products.

5 – Out source some of your work to a cheaper work force.

If you need some data entry or other basic computer work then outsource it to a country that can offer you a cheaper rate. This can also help with search engine optimisation where you might need to submit your website to multiple web directories.

6 – Look around for a way to diversify what your company does. | Melneka Bowers

Many print media companies have made a transition to providing their material online. This is one way they have managed to save their businesses as print media is dying. What way can you change the way your company offers a product or even consider offering a new product to compliment your current products.

7 – Approach a business mentoring expert. | Melneka Bowers

There are people out there that make it their job to help improve the way a company operates. Have a look around and see if you can help you modify how you run your business so it is more profitable. Don’t assume you have tried everything before asking for an expert opinion.
Labels:

Comments

Post a Comment

Popular posts from this blog

Melneka Parker | Online Career Planning: Build Your Reputation!

Melneka Parker | Your online reputation is an important factor in any job search. And it doesn’t matter what field you might be in. For every job you apply for, and the prospective employer has an interest, you can be assured your name will be Googled. What will the employer see when they find you? Here’s what happened about six months ago; a friend lost his attorney position with a public agency. In starting his job search he Googled his name and found two others with the same name as his on the first indexed page-a physiologist in another state and a convicted bank robber in Florida. His name did not show up. On the second page he saw his face book page and on page 3 his LinkedIn profile showed up. He looked for his name with his full name including his middle initial and got the same dismal results. Melneka Parker Melneka Parker | In addition there were six or more relatively negative blog comments that he had made scattered among the first five pages of Googled results. He ...
Post a Comment
Read more

Melneka Bowers | Internet Marketing Consultant Or SEO Consultant

Melneka Bowers | Ever wondered what the difference is between internet marketing consultants and SEO consultants, what does one give you that the other one doesn’t. This article is aimed at establishing the differences and making you aware of what a full service internet marketing consultant should offer. So first of all what is an SEO consultant. An SEO consultant deals solely with optmising your webpages in attempt to rank high in the major search engines, they may cover things like keyword research optimisation and monitoring. An internet marketing consultant should do all of the above and then take things one step further. They should act like an online business advisor agreeing the best way forward for your online business, they should work with you rather than for you to maximise the profitability of your business using online marketing methods. An internet marketing consultant should first look at building keyword suggestions and come up with a list of around 100. These ...
Post a Comment
Read more

Melneka Parker | What Is Reputation Management?

Melneka Parker | As a business owner, whether you operate a Fortune 500 company or a small local shop, your reputation is important to your continued success. Not only are you concerned about building a positive reputation among your customers and in the community where you business operates, but you have built an online reputation as well. Now maintaining, or managing that reputation becomes a crucial aspect of your business. Melneka Parker Reputation management involves three distinct aspects of managing your company’s reputation. First you must build the reputation, then you must maintain the reputation, and in some cases you might need to recover your reputation. (Melneka Parker) With regards to building a reputation, a new company and its employees take the time and care to create positive associations between the business and the products and or services they provide. Reputation management in the maintenance phase helps to ensure that an established company keeps that good ...
Post a Comment
Read more