3 Ways Your Business Can Make More Money
It’s tax season, which means many businesses want to ensure they’re prepared for the inevitable tax payments or dry season. While it seems impossible to summon money out of thin air, it’s not impossible to find alternative ways your business can make more money.
For the most part, many business owners think closed-mindedly when it comes to their business. Everything has a singular purpose, and that’s it. But the fact is that there are different ways to optimize your business assets that you already have with the help of a few marketing tips!
The three ways to increase your business!
Packaging Services for Larger Rates – One of the ways that you can increase business is to package services for larger rates. Some people call this the ‘shave and a haircut’ principle, which if you offer similar services, you should group them together. The best way to do this is to show the customer how vital the two are in unison if you show customers that there is a better way at a higher price, most of the time they are willing to pay a premium.
Add Higher-End Services – Now that you have established a bundle package for larger rates, it’s time you add a high-end service. The presence of a higher-end service offers up two bonuses immediately: it will increase the value and easiness for the packaged service, it will also have people inquiring about the new service and wanting to try it out.
Sales Team Pivot – Your sales team is vital for the long-term growth of your business. Because of this, you might need to have them pivot to generate more leads. The best way to do this is to take two methods and test them by splitting the team in half. Half of the team does cold calling; the other half works with lead generations to get as much reach as possible. Try offering up incentives for most sales or leads in a month to encourage growth.
AmeriFactors has been helping small businesses grow for over 25 years. Factoring takes your future sales and accounts receivables and gives you funding based on those invoices. If you would like to learn more about factoring, then call us today at 800-884-FUND.