Poor time management eats into your business profitablility
August 31, 2006
Do you always feel as though you don’t have enough time to grow your business to the next level? Do menial tasks seem to eat up far too much of your day? If so, you need to take control of your business now, because spending too much time on menial tasks, instead of growing your business, will set you on the road to doom. Here’s how to quickly take control of your time:
Carry out a whole days work, as normal, to see where you’re going wrong, and write down each task that you’ve completed, and how long they took you.
Next, pick from that list, the menial tasks, which you could have delegated to someone else. How much time would that have saved you? Find a way to delegate, or outsource those tasks to others.
Next, make a new list. How can you use that extra time you’ve found to grow your business even more? Add these things to your list, and repeat the above process. Have you found anything else you can outsource or delegate.
Keep reviewing your list regularly, and you’ll soon find yourself spending more time on growing your business. Your business will skyrocket, and you’ll be able to outsource more.
Business Profitablility - Boost Yours
August 19, 2006
The fastest way to increase your business profitablility, is to increase the amount you sell to each customer. So how would you do that? Some people might offer discounts, in the hope that each customer might buy more of the discounted product, but usually that isn’t the way to go.
If you want to increase business profitable fast, the best way is to offer more value per transaction per customer. In short, that means, making it more attractive to a potential buyer to buy more, as opposed to less.
You could do this in a number of ways. For example, you could have a three for the price of two offer. Or you could offer incentives for a customer to buy a higher priced product, such as a free included bonus.
You may be able to obtain many of these bonuses cheap or free, but you will be selling the customer on the idea that they are getting the full value of that product included. However, don’t be tempted to exaggerate. You want the customer to feel that they are getting some extra value and that it’s not all hype. We’ve all seen those offers where you pay $179 for the original product, and get over £1000 products as a bonus. Are those offers truly believable to you? I doubt it, so how can they be believable to your own potential customers? Offer real value. Paying $99 and getting something worth $30 for free sounds a lot more believable and attractive, doesn’t it?
