7 Ways For You To Make More Money In 7 Days

September 20, 2007

You don’t always need to go out and find more customers to make more money. Here are 7 ways that you can make more money in 7 days:

1. Sell add ons when your customer is still in buying mode

www.GoDaddy.com do this well. Just before check out they offer you the chance to buy more items.

2. Offer specials

Encourage customers to buy more with special offers, such as two for the price of three.

3. Offer a special, or bonus to existing customers

Offering specials to customers who have bought from you previously will encourage them to come back and buy more. Remember it costs you less to sell to them than it is to find new customers anyway.

4. Offer a monthly subscription package

Offering a monthly subscription or an incentive to book ahead, is a great way to get customers to buy more. Plus, you get cash up front, meaning you have more to spend on marketing. Some hairdressers do this - eg - pay for your next six appointments in advance and the sixth one is free.

5. Don’t assume that your customers are aware of all the products or services that you offer.

You’d be surprised at how many of your customers don’t know about all your products and services. And if they don’t know, they may go and buy from a competitor. Keep them informed of all new products, services and offers etc, by mail or email. Some businesses always do this by phone. One of our suppliers calls us fortnightly to see if we’ve ran out of key items and she also tells us about any special offers they are running.

6. Upsell

When the customer is about to purchase, offer a superior, more expensive product as an alternative.

7. Allow free upgrades.

For example, if a customer has bought an information product from you, offer to refund the cost of the information product, if they upgrade to a more expensive course on the same subject.

These are all simple ideas, but they’ll only work if you put them into practice. If you’re serious about making more money, take one, and do it right away.

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Comments

4 Responses to “7 Ways For You To Make More Money In 7 Days”

Asako on September 21st, 2007 1:15 am

#5 is so true. Customer often don’t send enough time to really understand what are available.

In my ex-employer, we put a lot of efforts in branding as a key to communicate what could belong under the name easily imaginable to the customers. If it is too generic, they do not get it, if it is too specific, they keep forgetting we offer other things.

Sales force training was another thing. They really need to take charge of #1~3, #6. They often complain that they can only get a few minutes and can not do so much.
Erwin Tan on September 21st, 2007 5:59 pm

Nice tips! These 7 ways are indeed esential for making more money in 7 days.

Thanks for sharing.

Cheers!
Erwin
cathlawson on September 22nd, 2007 6:49 am

Thanks for commenting Erwin. I’m glad you enjoyed the post.
Erwin on September 22nd, 2007 9:21 pm

Yeah..

It’s a great post.