Price Increase – E4A Profit Boot Camp Video on how to grow your profits

To increase your price by even a small amount is difficult but this video clip gives you some ideas on how it can be done. Each industry is different and so only some of these ideas will be applicable to you.

  • Pay attention to your brand. Does it communicate that you deliver a quality that customers will pay more for?
  • Market your products or services so that your customers want to buy from you even though you are more expensive.
  • Can you lock your customers in to your business through using your systems such as stock availability and purchasing?
  • What can you bundle into your offering which adds value for the customer but costs you very little?
  • Can you reduce the discounts you are give?
  • Can you offer a premium offering which some customers will prefer to buy?
  • If you always have to quote a price before somebody buys from you, can you simply increase your prices by 1% without them noticing?
  • If you have transparent prices, can you simply put up your prices and blame it on your increasing cost of raw materials and energy?
The video explains:

For more ideas on how to grow your profits go to www.profitbootcamp.co.uk

Peter Dickinson is an experienced, director, high growth business coach, facilitator, interim, digital marketeer, customer services champion, project manager, change management consultant and advisor and has worked with over 300 companies helping them develop a systematic approach to growing their businesses. Working with companies as a high growth business coach, facilitator or interim, Peter will help crystallise the vision, rationalise strategy, identify the most cost effective routes to market including the development of new products, develop a consistent sales approach, champion customer service, streamline processes and identify key performance indicators to help drive the business to meet the goals of the main stakeholders. LinkedIn: http://www.linkedin.com/in/e4abusiness (Open Networker) Twitter: http://www.twitter.com/Enterprise4all Facebook: http://www.facebook.com/KUB.LTD Web site: http://www.kub-uk.net

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Posted in Business Coaching, Business planning, Business Strategy, E4A, Leadership and Management Development, Price Increase, Profit Boot Camp, Profit Improvement, Small Business

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