5 Things That Will Increase Income And Profits

Here Are 5 Things You Can Do To Increase Income And Profits:

1. - Offer New Services:
If you want to improve your cashflow and build your business, think of adding additional service offerings to your customers/clients. You can do this without much additional effort.
2. - Upsell Services:
Another important idea to increase profits is to make sure your current clients know ALL the services you provide. Have a conversation with them and check in. See how things are going.

3. - Know your revenue mix:
While it is good to have a variety of services to offer, business owners/managers must look closely at the income that each service/product is generating. And, while it is important to know how much income each service is generating, it is more important to know the profits that each revenue offering is producing.
4. - Dig Deeper to know profits:
These numbers are great, but what really matters is the profits that are coming from each revenue mix.
5. - Asking Questions:
Besides considering profits, there are many more questions to ask. Maybe you would rather help a customer/client on revenue mix X, than revenue mix Y. What service brings you more joy or fulfillment? Or, maybe revenue mix Z will soon be obsolete in the marketplace and you need to find another solution. Take the time to quietly look at your products and services. Be honest with yourself. Now is the time to make changes in your business today so that you can start seeing results!

Read the full article at: http://blog.womeninconsulting.org/running-a-consulting-business/5-things-will-increase-income-profits/

Patty Block, President and Founder of The Block Group, established her company to advocate for women-owned businesses, helping them position their companies for strategic growth. Charting the course for impactful, sustainable, profitable businesses, the beacon is control: of your strategic direction, your money, your time, your staffing, and your ability to bring in business. The Block Group brings together the people, resources and ideas that build results.

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