How to make more profit

A general rule for financial success in business is that you cannot increase profits directly, only indirectly. Here are some strategies to consider for increasing your profit:

• Building strong relationships is one of the most important business tools you can master, good relationships make running your business much easier.
• Follow up leads.
• You can also boost profits by raising prices, charge more for your product or service without increasing costs significantly.
• Attend networking events.
• Improve communication skills, asking for business and closing the sale.
• Encourage reoccurring customers by utilising social media campaigns and newsletters
• Adopt a “for profit” mindset.
• Aim to buy ever lower and sell ever higher.

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