How to increase your business profits - Part 2

Upselling - increase profitsAdd an Upsell. When times are hard it is often hard to think about increasing profits ...but in hard times good businesses often grow profits extremely fast.

The example of an Upsell always quoted is the McDonalds method. Whatever you buy at McDonald’s staff are trained to add a question when acknowledging your order.  They’ll say, “Do you want fries with that?”, “Do you want to supersize that?” or similar.

How to increase your business profits - Part 1

Increase your business profitsAdd a Deluxe Version of your Product or Service. This is one of my favourites. Most products or services can be repackaged and charged out with a higher price tag.