July 6th, 2008

Want to increase turnover?

No you don't!

There's an old saying - "turnover is vanity, profit is sanity".  

Look at the money side of this - would you prefer to have £50K profit from £1M turnover or £200K profit from £250K turnover?  

Obviously it feeds the ego more to say "I run a £1m business", but it feeds the family more if you take £200K profits!

I hope that now you don't just want to increase turnover!

Here are 5 great methods to dramatically increase your turnover AND profits…

1. Make more with every sale you make - there are lots of ways to do this, but offering some value-add services or extras will encourage people to buy more.

2. Increase your price to reflect the quality of your service.  If you charge less than your competitors but give a better service, you're too cheap.

3. Create a referral system to generate more new business from your existing customers.

4. Make a list of your services to give your customers - that way they'll know about all of your services - they can't buy it if they don't know you do it.

5. Improve your sales process and/or get some sales training.  More sales from the same enquiries = more profits.

You will be amazed just how much you can increase your turnover and grow your profits with these ideas - but only if you take action on them.

Companies I've worked with use these methods among others to grow by between 30%-300% every year

Turn over a new leaf and try something new.  It's exciting to do something different in your business - let the excitement grip you, try it out.

Do you want to increase turnover by 30-300% per annum and add even more to your profits? 

Contact Business Coach Lee Duncan for a free confidential discussion…
 

Filed under Blog, coaching, finance, sales by Lee

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Comments on Want to increase turnover? »

July 8th, 2008

Rod Wilson @ 11:55 am

Lee

Just a note to let you know I'm really enjoying reading your blogs not least because I always get a new perspective on my business. This time I have also ordered the John Caples book through your link to Amazon.

Rod

Lee @ 2:11 pm

Hi Rod,

Thanks for letting me know you find the blog useful. It's fun to write and I enjoy sharing some of what I know. I think that too often, we get stuck in a rut in business when there are so many ideas we can try out.

Let me know what results you get if you try something different out…

Cheers!

Lee

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