When attempting to Increase Profits, the first thing we do is lower prices and try to increase sales. How’s that working for you?
Maybe it’s time to look at this from a different angle. Have you thought about your current customer base? Are you really getting all of the potential profits from those who already use your products and services?
Think of it this way. Why do grocers offer discounts, or coupons, or door busters? It’s to get you to return to the store and spend more money. You can learn a thing or two from your grocer’s strategies. Learn how here: