Your business’s profit margin plays a vital role in the success and the life-span of the company. It indicates how well expenses are managed and gives an overview of the company’s overall performance in its market. This means that the higher the profit margin, the more investments the company is likely to attract and the higher the profits made, which would, in turn, lead to … [Read more...] about 8 Strategic Ways To Successfully Increase Your Profit Margins
How to Earn Revenues
Top 10 Ways You Can Increase Revenue Using Social Media Marketing in 2020
Social media is one of the most robust sales strategies in the modern business environment. It explains why most social media marketing services use it as a top digital marketing strategy. Social media can help in direct sales and revenues, promotion, advertising, and branding. Using social channels like YouTube, Pinterest, LinkedIn, Twitter, Instagram, and … [Read more...] about Top 10 Ways You Can Increase Revenue Using Social Media Marketing in 2020
Up Your At-Home Earnings Without Changing Your Lifestyle: 5 Strategies to Try Now
Is your at-home business stalling out? Building a business from the ground up is hard under any circumstances. When you’re working out of a home office (or your living room), it’s that much more difficult. These five strategies can break you out of your home business doldrums without necessitating a dramatic lifestyle change. 1. Do Something You Love … [Read more...] about Up Your At-Home Earnings Without Changing Your Lifestyle: 5 Strategies to Try Now
How to Scale Your Small Business
When you choose a business, one important consideration is whether the business is scalable. You want a business where growth can be achieved easily. Unless, of course, you want a lifestyle business where your main intention is to have a business that will support your lifestyle, not necessarily to see it scale and grow. What does scale mean? “Scaling a business” means … [Read more...] about How to Scale Your Small Business
10 Tips to Increase Your Revenue through Strategic Alliances
Strategic alliance, strategic partnering or strategic network -- no matter what you call it, whether it’s formal or informal, joining forces and resources can reap mutual benefits. As much as 18 percent of their revenue comes from their alliances, report companies participating in alliances. On average, each fast-growing company is engaged in five different types of strategic … [Read more...] about 10 Tips to Increase Your Revenue through Strategic Alliances
10 Tools of Profitable Revenue Growth
Below is an excerpt from the book Profitable Growth Is Everyone's Business: 10 Tools You Can Use Monday Morningby Ram Charan. Reprinted with permission from publisher. 1. Revenue growth is everyone's business, so make it part of everyone's daily work routine. Every employee wants to be part of a company's growth agenda, but most don't know how. Managers need to provide … [Read more...] about 10 Tools of Profitable Revenue Growth
What to Watch Out for When Joining Affiliate Programs
If you have no product of your own, you can earn money by selling other people's products at your web site. Many merchants, like Amazon.com, IBM, Dell, HP, and others make use of small and home based business websites by offering to pay commissions through affiliate programs. Affiliate programs offer a variety of commission structures. Some of these may be based on viewer … [Read more...] about What to Watch Out for When Joining Affiliate Programs
6 Affordable Strategies to Build a Cash Cow
Small businesses must be extra imaginative with their marketing efforts in order to attract customers and get them to open their wallets. Even more challenging is that most entrepreneurs have shallow pockets and shoppers are being more selective as a result of the sluggish economy and volatile stock market. The following are six proven low-cost marketing ideas that help small … [Read more...] about 6 Affordable Strategies to Build a Cash Cow
How to Maximize Revenues
According to the book "To the Max: Revenue Maximization: Capturing the Opportunities Within" by Randy Browning & Sameer Kumar, all types of companies leak revenue. Revenue leak means that while the business is gaining revenues in the front-end, your business may have a small crack or gaping hole that makes it leak revenue in the back end. Causes of Revenue … [Read more...] about How to Maximize Revenues
Expand Product Distribution and Increase Your Revenues
Why is it big businesses tend to have multiple sales channels such as third-party, b-to-b, retail and ecommerce, while small businesses usually have only one distribution channel? I believe it has to do with control. Many small business owners have a difficult time letting others represent them. True, no one "gets the job done like you." However; you can only bill so … [Read more...] about Expand Product Distribution and Increase Your Revenues
