All this hype about Angel investors, venture capital, and a business funding app makes generating extra cash seems easier than ever. Fortunately, making an improvement or two to your business strategy can make a big difference in your income. Consider these tips if you want to increase your business income.
Productivity is one of the key, try to think about your business and what services or products that your business offers. Now, remember how much work that you have done. Do you have a list of potential clients? If the answer is yes, keep them in touch, you can get them by the phone or send an email or both. Staying in touch with clients and also prospects is a good way to keep your business in their thoughts. Be as close as possible to customer and find out if there’s anything that your business can help. On your company side, you can consider the resources you have. What things you can do to make your employees work more productive, faster, and even easier?
Check Your Price
Make sure that you’re charging rationally for your product. While undercutting the competition is not something to avoid, keep in mind that you should only do so if you still have a profit to continue your business. Undercutting is not the best way out there to get to the top of the market. Some customers may think that your service is as good as the competitors because your products cost less. Do research about how the price in the market, keep an eye to the competitor, and finally decide the most appropriate price to win the competition while keep the business running.
Grow Your Market
Another of the good things about advertising in the Internet era is that you are less restricted to your own region. Start looking for customer outside of your area. You can also, offer more services so that the business can be more famous to your clients anywhere they are. Even if you don’t have the skill to do the additional service for yourself, you can team up with someone that is able to do it. Plus it can generate more customers for both of you.
Take Advantage of the Websites
If you need to make a quick buck, try the websites that let you sell your services. Website like Fiverr is created to help people sell their services for a reduced rate. You just have to offer a small sample of what service you do for a little proof. Also, if you have a podcast, you can offer to do interviews for $5. You also have to make sure that you are on the right social media platform to do the advertisement. Actually, there are tons of places to advertise your business with an investment nothing more than your time. You also should understand it well, about the proper combination between the advertisement and being social.
Think about Your Clients and Their Time
Try to shorten anything that might bore the customer. It could be your presentation, advertisement, or else. Try to think about the customer, your follow up should be all about them. If you want others to respect your time, you should also respect others first. Show up when you said you would; be responsible. Don’t waste their time and yours too. Take care of business and provide the best customer service.