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Category: Tech Business

Tech Business

Genius Strategies to Double Your Profits in 90 Days

It is true that hard work pays but it requires a lot of effort and patience to see your exertion bear fruit. But sometimes you need a little extra help for your profits to grow, a little you can get from freedompop on thevoiphub and the rest we will list it down for you.

  1. Acquire new customers: Customers are always looking for maximum benefit and minimal spending. You must identify which radio stations, TV programs and channels your customers listen to and watch and showcase your product with benefit focused marketing here. This will attract new customers.
  2. Know your target audience: Only when you know the inside out of your existing customers can you hope to double your profits as you will be able to advertise the right message at the right time. You can go a step further and acknowledge your existing customers with a time-based discount on your product, enticing them to spend within the stipulated time. At this juncture, it is also crucial that you know why some customers are leaving. Appeal to them and give them additional discounts and bring them back.
  3. Go beyond the basic product: By upselling and with add-ons you can induce the customer to spend more and this will increase your sales volume. Add something extra along with the product which will attract more clientele. You must identify the most popular services or products and introduce add-ons in the same niche.
  4. Increase the gross margin: Negotiate with your suppliers for lower prices to cuts your costs. On the other hand, increase the price of your products. Contrary to popular belief if you improve the quality of your product even with high prices you will have a steady clientele. This act of cutting costs and raising prices with an increase in the gross margin.