If you want to stay in business very long, you have to become profitable as soon as possible. As a small home business, your budget is limited and you struggle to make more money and profits. Use these ten easy tips to get more exposure, sales and profit.
Advertising is a powerful way to reach new customers but it is expensive. Search for the lowest cost ways to advertise. You can use mailers, pay college kids to hand out flyers or go door to door in your area. With the economy still struggling, you can find people who really need a job. Place a small ad on Craigslist and get some people to pass out your flyers.
Getting new customer referrals from your current customers is even more powerful than paying for advertising. Nothing beats a recommendation from someone they know and trust. So make sure you thank your happy customers and ask them to tell others about you. Give them some business cards to pass around. Find out if who else they know who might be in need of your services.
Repeat customers are super in any company. If you can get someone to buy again, that sale didn’t cost you anything. It didn’t take advertising. Do everything in your power to turn every current customer into a repeat buyer. Offering a coupon with the sales receipt is a great business builder.
When you ship out your product include free samples, coupons, flyers and even a special offer. It costs you pennies and can really increase your customer value. There is no better time to sell a customer on another product. They are happy opening the package, they are in a great mood and they are hot prospects for related products.
Building your brand with a catchy logo and slogan is great for your image. If you attach it to all your marketing materials, website and vehicles people will notice you. They will remember you better and be much better prospects.
Over delivering on your new customers order is critical. It is your first impression and a chance to stand out. Offering a great value to a buyer really helps the relationship you have. Can you add a bonus? Can you offer fast shipping? If you go the extra mile for your customer, you build a lot of good will.
Another way to make more sales and profits is to partner up with other businesses. Give them referrals and have them refer customers to you. You can come up with a lot of ways to do this. A recommendation from someone else is great for business. It can be as simple as supplying them with a stack of business cards or flyers. You can even code the card and offer them a piece of the profits.
Don’t forget to ask your customers for feedback and a short testimonial that you can use. Placing reviews, positive feedback and testimonials on your website or in your advertising materials is very powerful. Ask them to post on Yelp or other social sites on the web.
You should be getting advice from other companies in your area. Join the Chamber of Commerce and meet other business owners. Talk to them about marketing. See how they do things and share tips and ideas. Simply by meeting and talking to other successful owners will give you a lot of new ideas and tactics.
In order to sell more and make more money, you need to really educate yourself on your products. Become an expert so you can answer peoples questions. You don’t want to be stumped when a prospect asks you something. The more you know about what you are selling, the more people will listen to you.
How many of these tips are you already using? If you aren’t using all ten, you could be making more money. They are simple tips but they can really make your profits and sales grow.