(Feel free to use this article in your ezine or on your website as long as you keep
entire article including all website links intact.)Here are 5 tips to help you increase your profits.
All 5 work for any business and they won't cost you anything to implement.
1. Joint Ventures
Joint ventures offering unlimited profit opportunities for your business. The idea of a joint venture is to partner with a business owner that is not in direct competition with your business.
For example, let's say John sells a book about how to save money at
grocery store. John could partner with certain grocery stores to sell his book at their counters for a cut of
profits.
Joint ventures are perfect for people with limited funds for their business because most ventures can be set up on a profit share basis. In other words, no up front money is spent by you on advertising in exchange you give
business advertising your offer a cut of
profits.
2. Upgrades
Commonly overlooked by business owners,
upgrade is a powerful profit producer. When people buy from your business they demonstrate trust in you and your product. Why not offer them another related product or service and gain those extra dollars for your business.
Upgrades help you service your customers by delivering valuable information they more than likely want from you.
Some businesses use upgrades as their main profit point. They sell lower priced products to get people to buy from and trust them, then offer a higher priced product (this is where they make
large profit) later on.
3. Using unused resources
As a web user you've probably come across
dreaded 404 file not found pages while browsing around
web.
These pages are a perfect example of tapping into unused resources. Almost all of these pages can be customized to redirect people back to your web site or make a direct offer.
In other words you can place a web page there that says, "Oooops! Either
page you are looking for has been removed or
URL you visited no longer exists. Use
following link to get back to our main web site.