Business People Club

How To Soar Through A Recession?

0 like 0 dislike
236 views
by Finderpros
How To Soar Through A Recession?

Your comment

Your name to display :
Privacy: Your email address will only be used for sending these notifications.
Anti-spam verification:
To avoid this verification in future, please log in or register.

1 Comment

0 like 0 dislike
commented by Mosquiche
Winners are ALWAYS looking for ways to grow their business.  They trust their company, trust their customers to come through for them, and realize that a financial crunch offers advantages that aren't available during better economic times.  

1.  Get More For Your Advertising Bucks
When the economy makes a turn for the worse, it just makes sense that your advertising will give less of a return than during and economic boon.  Sure there's a lot less money being spent, but you don't have to have to watch your profit margin plummet!

Think about it... advertisers are feeling the recession just as much as you are, and are more desperate for clients.  It's the perfect atmosphere to negotiate your way to lower costs - even if you are already getting a good price.  Every advertising penny you can save, is that much more profit you'll earn on the products.

Have you thought about getting free publicity?  Local newspapers are always looking for something of local interest.  Make the news!  Publicity is free, but a wonderful way to get your business in front of potential clients.

Do your advertisements really need to be as big as they are?  We tend to think the big is better, but the facts are that short ads with 11 words or less often generate higher response than large ads.  Give it a try, and trim some costs right off your advertising bill.

2.  Take Advantage Of Big Ticket Sales
Not all of your customers suffer during recession.  Remember that there are always people who are thriving financially, so don't be afraid to make big ticket sales offers.  Additionally, when money is tight, people who place a lot of stock in your product will value it even more.

Think about ways to create products similar to yours, but with much higher prices.  Internet marketers often create members only sites and sell their products at much higher prices.  Hey, they'll obviously make fewer sales, but the people who really value the product will buy.  Each sale will net an immensely higher profit.  Think about it like this... even though the sales are fewer, the actual profit may be even greater than when it was sold at a lower price.

3.  Maximize The Customers You Have
Your customers already know that you have great products and provide satisfactory service.  They trust you to come through for them.  Think about it...  it's much easier to make sales to someone you already have a relationship with.

Use every opportunity to increase your sales volume within the customer audience you already have.  Do you have a product that goes with the one they are purchasing?  Offer it to them at the register.  It's a proven and effective method for increasing sales.  You may be shocked at the additional sales you can generate from those who are already buying from you.

Related posts

0 like 0 dislike
1 Comment 433 views
How to Build a Retail Store that is Made to Last?

How to Build a Retail Store that is Made to Last?

by Butcherry
0 like 0 dislike
1 Comment 287 views
How to start a LLC company?

I want to start a llc company. Looks like process is very complicated. Any tips? I want to start in new york state.

by nicejone
0 like 0 dislike
1 Comment 372 views
How to find a Restaurant Equipment Supplier Crucial for New Restaurant Owners ?

How to find a Restaurant Equipment Supplier Crucial for New Restaurant Owners ?

by PlushSeal
0 like 0 dislike
1 Comment 347 views
How to find a Direct Manufacturer?

How to find a Direct Manufacturer?

by Emufasa
0 like 0 dislike
1 Comment 275 views
How to create a Business Strategy?

How to create a Business Strategy?

by Celestiger
0 like 0 dislike
1 Comment 273 views
How to Choose A Name For Your Company That Makes Sense ?

How to Choose A Name For Your Company That Makes Sense ?

by SilkPredator
0 like 0 dislike
1 Comment 283 views
How to choose a reliable Business Broker?

How to choose a reliable Business Broker?

by HarmlessRose
0 like 0 dislike
1 Comment 309 views
0 like 0 dislike
1 Comment 1,207 views
0 like 0 dislike
1 Comment 288 views
0 like 0 dislike
1 Comment 311 views
0 like 0 dislike
1 Comment 295 views
0 like 0 dislike
1 Comment 274 views
How to Inform Employees When You Sell a Business?

How to Inform Employees When You Sell a Business?

by Octopixy
0 like 0 dislike
1 Comment 260 views
How to Build a Customer Focused Business?

How to Build a Customer Focused Business?

by Sumogre
0 like 0 dislike
1 Comment 278 views
How to choose a corporate gift that hits the spot?

How to choose a corporate gift that hits the spot?

by MammothMoth
0 like 0 dislike
1 Comment 240 views
How To Choose A Commercial Painting Contractor?

How To Choose A Commercial Painting Contractor?

by BunBunny
0 like 0 dislike
0 comments 163 views
Achieving Cash Flow Management Through Accounts Receivable Factoring

Accounts receivable factoring is another mode of receivables management and working capital funding to eventually increase the cash flow. Accounts receivable factoring involves buying and selling of accounts receivables in order to obtain immediate cash or working capital. Accounts receivable factoring ... factoring. They help the business owners to manage their collections, payments, generating more cash and managing their cash inflow process.

by AfternoonFay
0 like 0 dislike
1 Comment 271 views
How Can A Timesheet System Help Your Business?

How Can A Timesheet System Help Your Business?

by OpinionOwl
0 like 0 dislike
0 comments 1,219 views
17 Important Points To Consider Before You Hire A Law Marketing Consultant

As we fast approach the new year, many firms are preparing to launch their 2006 marketing efforts. If you're thinking about hiring a marketing specialist, make sure you consider these 17 key points. 1. Objective Advice. Consultants who are paid fees are more likely to give you unbiased advice than consultants ... you with at least 30 or 40 testimonials from other lawyers. If he provides only a few, you may be reading comments from his in-laws.

by PlaySeal
0 like 0 dislike
0 comments 528 views
8 Ways to Avoid Litigation When You Sell a Business

Based on recent litigation storm clouds, business owners planning exit strategies better batten down their legal hatches. As a small business owner, your company most likely represents a significant portion of your net worth. That's why it's crucial not to let litigation wash it away when ... free transition. Take the time to recognize and act on the many opportunities you have to minimize your litigation risks and reap the benefits later.

image
by TwinNut
0 like 0 dislike
0 comments 280 views
5 Great Reasons To Hire A Telecommuter

How would you like to hire someone that is more motivated and more qualified to do the work and costs you less than your average employee? No, I am not talking about hiring someone illegally. You can accomplish this simply by employing a telecommuter. Let's take a look at ... position. Once you have experienced all the benefits a telecommuter brings to your organization, you may even consider converting even more positions to telecommuting.

by PlushSeal
0 like 0 dislike
0 comments 1,301 views
7 Tips to Starting a Successful Small Business

Getting a small business off the ground is challenging to say the least. Here are some tips which will prepare the ground for running a successful small business. Have Goals This is where it all starts - the foundation for success. Know exactly where you are heading. What will the business look' ... has not gone right train yourself to ask, What good has come out of this? Understand that in every problem there is potential for good.

image
by Mosquiche
0 like 0 dislike
0 comments 228 views
Five Steps to Create a Budget for your Small Business

How I hate budgets! Every time an accountant told me to put together a budget for my company, my response was - When I get the time I will! I just never seem to get the time. For several years when I first started my company I never paid attention to a budget. ... to review your actual financial statement (Income Statement or Profit and Loss) to your projections. Have systems in place to increase revenue and decrease expenses as necessary.

by UncleRhino
0 like 0 dislike
0 comments 237 views
What to Look For in a New Franchise

Want to buy a franchise opportunity? Great idea! Here is a high-level overview on what to look for: Operating History - A long history of success is the #1 thing to look for. If many other franchisees have been successful over the years, your chances are probably pretty good that you will be ... a section on their web site for franchise re-sales. Beware if there are a lot of re-sales relative to the total number of franchises in existence.

by HairySeahorse
0 like 0 dislike
0 comments 215 views
Business Tools to Help You Run a Successful Business

When setting up a business, even the best prepared among us will struggle to do everything and remember everything. It is very unlikely that we will understand all of the financial and legal ramifications of a new business, especially when we need to concentrate on getting that elusive first sale or completing the first ... with the wrong (or no) tools. You will find that the time it takes to get the right tools will pay off time and time again.

by VirtualAssassin
0 like 0 dislike
0 comments 265 views
3 Lifesaving Tactics to Stay Afloat In a Constantly Changing Marketplace

Let's face the facts... old-fashioned marketing tools aren't going to keep your business a growing and prosperous entity in today's marketplace. Hey, this month's hottest techniques and information will be obsolete in six months. Now, I'm not saying that old marketing principals can't be ... current products and services. Don't let the speed-of-light changes in the market take your business under. Stay afloat with these proven tactics.

image
by PositiveVoid
0 like 0 dislike
1 Comment 349 views
What to look for when working with a partner?

What to look for when working with a partner?

by GraveGrass
0 like 0 dislike
0 comments 232 views
Business loan and how to acquire it

Business loan can cater to your each and every aspect of your business. The urgent requirement of funds for your business can be catered through a business loan. It is easy to seek a business loan now a day. All you need to do is to fill up an online application form and your application form ... other resources. Don't let funds come your way in becoming a successful entrepreneur. Seek a business loan and expand your business, the way you want.

by Cybora
0 like 0 dislike
1 Comment 793 views
0 like 0 dislike
1 Comment 325 views
0 like 0 dislike
1 Comment 318 views
How to automate your business with autoresponders?

How to automate your business with autoresponders?

by PlushSeal
0 like 0 dislike
1 Comment 372 views
How to stay competitive In the 21st century ?

How to stay competitive In the 21st century ?

by GardenParrot
0 like 0 dislike
0 comments 214 views
How to manage my customers?

I am having issues managing my customers. How can i manage my customers effectively?

by Finderpros
0 like 0 dislike
0 comments 783 views
How to go The Extra Mile to Business Success?

You cannot fail when you give more than 100 percent. In whatever endeavour you are doing, always give more than one hundred percent. You will find that whenever you do this, your rewards will always be far greater than the extra effort you expended. Some people refer to this success ... dealing with people and influencing them to buy. However, never lose sight of your most important task right now - keeping your existing customers satisfied.

by AmazingKitty
0 like 0 dislike
1 Comment 442 views
How to Formulatie Legitimate Internet Business Enterprises?

How to Formulatie Legitimate Internet Business Enterprises?

by Dingopher
0 like 0 dislike
1 Comment 324 views
How to Combine Work And Leisure While On The Road?

How to Combine Work And Leisure While On The Road?

by Dragonig
0 like 0 dislike
1 Comment 431 views
How to Find The Best Merchant Account?

How to Find The Best Merchant Account?

by GamerAlpaca
0 like 0 dislike
1 Comment 262 views
How to Convert leads into clients and boost your sales?

How to Convert leads into clients and boost your sales?

by LoyalChief
0 like 0 dislike
1 Comment 256 views
How to contract manufacturing? How to do it the right way?

How to contract manufacturing? How to do it the right way?

by Herogue
0 like 0 dislike
1 Comment 284 views
How Not To Expose Your Company's Secrets?

How Not To Expose Your Company's Secrets ?

by ForceSoldier
0 like 0 dislike
1 Comment 296 views
0 like 0 dislike
1 Comment 277 views
0 like 0 dislike
1 Comment 240 views
How to Choose Quality Office Accessories?

How to Choose Quality Office Accessories?

by Knighttime
0 like 0 dislike
1 Comment 279 views
How to manage your business systems?

How to manage your business systems?

by HuggingDuck
0 like 0 dislike
1 Comment 1,365 views
How to look for business opportunities?

How to look for business opportunities?

by TrainedGuy
Connect with us:
...