How to Increase Your Revenue Without Acquiring New Customers
You’re a business owner. You want to increase your sales and revenue. But it’s really hard unless you acquire more customers, right? Wrong!
Here are 3 ways you can increase your revenue:
Tip #1: Adding up-sells and down-sells
When someone buys a product or service from you upon checkout, why not offer upsells and down-sells? It’s a great way to increase your revenue by another 10%, 15% or 25%. The key with upsells and downsells is speed and automation. If your upsell gets a customer that results faster and in a more automated way, they’re much more likely to buy it.
Tip #2: Marketing Automation
Start by thinking about your emails. Emails are one of the most powerful ways to sell people.
Once you start collecting more emails, start setting up email automation.
Let’s say someone opens up your emails, you can then after two or three emails pitch them on buying your product or service.
That’s email marketing or marketing automation. If you do that, your conversions will go up.
Tip #3: Create more products or services.
If you just create more products or services, and you start selling them to your same user base over time you’ll generate more income. Your best buyers are ones who already bought from you. So keep selling them more products and services over the upcoming years. That’s why Amazon continually does well. They keep selling people more and more products and services.
Just follow these 3 tips and you will do well.