The Genuine ScLoHo aka Scott Howard

17 Ways To Increase Your Business Profitability

January 22, 2016 Marketing and Advertising Insights The Not-So-Secret Writings of ScLoHo 6

I could write a separate article on each of these, but for now I just want to give you a list of 17 ways to increase your business profitability this year. 17

1. Raise Your Prices.

2. Offer Additional Services.

3. Offer Additional Products

4. Reduce the Number of Products and/or Services you sell.

5. Develop a Marketing Plan That Makes Sense.

6. Promote Employees To The Level Of Their Competency.

7. Train, Move, or Fire Employees That Are Hurting Your Company.

8. Get Out Of Your Business and Into Your Community More.

9. Spend More Time In Your Business.

10. Ask For Help.

11. Help Others.

12. Empower Your Employees To Take Care Of Customers.

13.  Don’t Fall For Advertising Gimmicks to Build Your Business.

14. Be Willing to Try Something Different.

15. Be Honest and Truthful

16. Provide Value

17. Ask Happy Customers to Tell Others About You.

 

Now you can apply all of these, or some of these, it’s up to you.  Some may sound like they are opposites, but they really aren’t.

All of these tidbits (and others) are what I have told other business owners in the past 6 months and I’ll gladly sit down with you to explore what will work for you.  Contact me.

Scott Howard aka ScLoHo has 25+ years of experience in marketing , advertising, media and works directly in the radio and digital world from Fort Wayne, Indiana.  Contact him at Scott@ScLoHo.net or 260.255.4357.

 

6 Responses

  1. […] Both the $10 an hour employee and the $100 an hour consultant have the same 24 hours each day. Today, let’s take a quick look at the difference as we continue digging into 17 Ways To Increase Your Business Profitability. […]

  2. […] on our list of 17 Ways To Increase Your Business Profitability says: Promote Employees To The Level Of Their Competency. […]

  3. […] 5 on our list of 17 Ways To Increase Your Businesses Profitability is: Develop a Business Plan that Makes […]

  4. […] has done what I mentioned recently in my article, 17 Ways To Increase Your Business Profitability, item number 4 was: Reduce the Number of Products and/or Services you […]

  5. […] to continue with #2 on the list I created last month of 17 Ways To Increase Your Business Profitability […]

  6. […] month, I did a quick list of 17 Ways To Increase Your Business Profitability and today we’ll start a deep dive into these, one at a time on the next several […]

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