Back to basics: 8 simple tips to boost profits — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

Back to basics: 8 simple tips to boost profits

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Even when the economy hits the skids, it doesn’t mean everyone has stopped buying. People still need products and services; the challenge is attracting them to your doorstep.

To help goose your sales before year-end, go back to some of these traditional—yet inexpensive and effective—tactics:

1. Up-sell and cross-sell

Small businesses often spend too much time focusing on winning new customers or clients rather than encouraging existing customers to spend more. Make sure a cross-sell and up-sell culture exists among your employees.

If a customer is interested in one product or service, tell them about a related product or a pricier one or an add-on.
Remember: If you don’t ask, you won’t get. McDonald’s (Do you want fries with that?) does it all the time!

Tip: Get sales staff to focus on this by hosting a units-per-transaction (UPT) contest.

2. Get customers selling for you

Referrals are the lifeblood of a sma...(register to read more)

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