3 PROVEN STRATEGIES FOR SMALL BUSINESS OWNERS TO INCREASE CASH FLOW DR. TERESA R. MARTIN
2. Get rid of products that don’t sell. It’s likely that
you offer your customers a wide variety of products,
but only a few of these products bring you maximum
profit.
•
Sometimes a large inventory can work
against your business. Customers often
avoid buying altogether when they’re
overwhelmed with options.
•
Instead of offering more products that
likely
won’t
be
sold,
trash
the
unattractive products and offer more
items or services related to your bestsellers. This is an excellent way to boost
sales
while
reducing
upkeep
•
and
Think about marketing your business online. It’s
becoming easier with each passing day and more
inventory costs.
people are prone to search the internet for better
deals. Businesses that have online order options
3.
Pursue unique marketing strategies. If your
are often much more successful. It’s a perfect
business is experiencing a steep drop in sales, there
way to increase cash flow.
must be a reason. It could be that your marketing
techniques are simply not as effective as you
•
thought. Consider alternative marketing techniques.
Get the word out. Take advantage of social media
sites like Facebook and Twitter to promote your
business.
•
Radio advertisements, commercials, billboards,
and flyers all increase the visibility of your
business. Sometimes, door-to-door marketing is
just as effective.
By using these strategies you can boost sales and
increase the revenue of your business. Once these
strategies have been implemented, there will be no
need to worry about how you’re going to pay the next
bill. You’ll finally have the money to live the life that
you’ve dreamed of.