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Raise Your Prices and Profit | Your Marketing Guy | Duct Tape Marketing Coach in Michigan

There are a few ways to increase your sales (and profit…)

1. Find new customers to sell to.

2. Sell more to your existing customers.

3. Raise your prices.

Not making the profit you would like to be making in your business? The quickest and easiest way to solve this is to raise your prices.

You can increase your prices 10%, lose 20-25% of your Revenue (Sales) and still make the same amount of profit…

So, ask yourself a question: “If I increase my prices 10%, am I going to lose 20-25% of my sales?” I bet the answer is no…

(See this spreadsheet for the math behind the calculation above.)

Category : General Business | Posted by Kyle Hunt

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