2 Easy Ways to Increase Your Revenue
- Date: 2008-05-14 - Word Count: 398
Share This!
Are You Ready to Find out the Easiest 2 Ways to Increase Your Revenue???? Ok, I've done this myself, I've seen it done by my friends and peers and I've recommended this to clients many times with HUGE SUCCESS!
It's actually very simple.
1. RAISE YOUR RATES
2. OFFER PAYMENT PLANS FOR YOUR PRODUCTS OR SERVICES
I just had a client last week come to me who was charging way under market value for her services and I basically told her to suck it up and increase her rates by 400%!! Yes, I told her to raise her rates by 5 times what she was charging clients now. She almost fell off her chair (I think, as we were on the phone).
This new rate was actually the going rate for what she was doing. In fact I am paying someone to do it in my business right now every month!
Actually this happens all the time with services and products I actually need. When I run across people that I actually pay or could pay for what they do, I open my mouth and suggest they raise their rates! Am I a dummy or what? I could be paying much less for stuff if I would just shut up! Oh well....it's for the greater good.
So, this client of mine; if she takes my advice, she could literally increase her income by FIVE TIMES with no more work!
It could be that simple if you are not charging enough OR if your perceived product or service value is a lot higher than what you are charging. If you don't know what your value is or what the going rate is - ASK ME PLEASE. I see a lot of different businesses every month and I know how to get you these answers.
As for payment plans; many peers of mine in the info-product industry (selling online products and services) find that they get a lot more orders and purchases if they offer payment plans - especially OUTRAGEOUS PAYMENT PLANS such as 18 payments of $19.95 or something like that. I do this for some of my products and services even if delivery of those products or services is well before their last payment due date and all of the payments are made online of course too by automatic payment which is the key. You don't want to go trying to collect checks after the fact, that's for sure.
It's actually very simple.
1. RAISE YOUR RATES
2. OFFER PAYMENT PLANS FOR YOUR PRODUCTS OR SERVICES
I just had a client last week come to me who was charging way under market value for her services and I basically told her to suck it up and increase her rates by 400%!! Yes, I told her to raise her rates by 5 times what she was charging clients now. She almost fell off her chair (I think, as we were on the phone).
This new rate was actually the going rate for what she was doing. In fact I am paying someone to do it in my business right now every month!
Actually this happens all the time with services and products I actually need. When I run across people that I actually pay or could pay for what they do, I open my mouth and suggest they raise their rates! Am I a dummy or what? I could be paying much less for stuff if I would just shut up! Oh well....it's for the greater good.
So, this client of mine; if she takes my advice, she could literally increase her income by FIVE TIMES with no more work!
It could be that simple if you are not charging enough OR if your perceived product or service value is a lot higher than what you are charging. If you don't know what your value is or what the going rate is - ASK ME PLEASE. I see a lot of different businesses every month and I know how to get you these answers.
As for payment plans; many peers of mine in the info-product industry (selling online products and services) find that they get a lot more orders and purchases if they offer payment plans - especially OUTRAGEOUS PAYMENT PLANS such as 18 payments of $19.95 or something like that. I do this for some of my products and services even if delivery of those products or services is well before their last payment due date and all of the payments are made online of course too by automatic payment which is the key. You don't want to go trying to collect checks after the fact, that's for sure.
Related Tags: small business, entrepreneur, profit, revenue, profits, rates, business woman, increase profit, business entrepreneur, business profits, young entrepreneur, increase revenue, entrepreneur ideas, business revenue, entrepreneur woman, raise rates
(c) Copyright 2008 K.Sawa Marketing Katrina Sawa is an Award-Winning Relationship Marketing Coach who's helped hundreds of small business owners take dramatic steps in their businesses to get them to the next level in business, revenues and life. She offers one-on-one coaching, group coaching and do-it-yourself marketing planning products. Go online now to get started with her Free Report and Free Audio at http://www.jumpstartyourmarketing.com ! Your Article Search Directory : Find in Articles
Recent articles in this category:
- The No. 1 Rule For Projecting Confidence - Speak With Authority
One of the most important characteristics a person can project in a business setting - or any situat - After the Autumn Checkout European Debt Crisis and U.S. Brewing Rebound
In the commotion caused by the Fed on interest rates come to an end, the "disastrous" for the euro a - Advantages Of Arcade Game Rentals
There are many different advantages to arcade game rentals. Most people need something to release th - A General Primer on Truck Cargo Nets
In modern highways it is quite rare to see truck cargo nets in action, this is because they are usua - The United States Will Burst More Severe Financial Crisis
Not long ago, suddenly announced that the central bank to raise interest rates, the interest rate hi - Niche Marketing Profits - 3 Easy Steps to Finding a Profitable Niche Market Income in 10 Minutes
Like most beginners I was having a very difficult time trying to find a niche market to earn extra m - The Importance of Hospitality Management Consulting Firms Toronto
Businesses and the managers that help guide any business are in a constant state of improvement and - New Keynesian Theory Label
2010 winner of the Nobel Prize in Economics three theories have been labeled as "New Keynesian" labe - Federal Reserve Pouring Money QE2 Unpredictable Fortune
U.S. economist Milton Friedman proposed a "throw the cash from a helicopter" view, while the practic - Fiscal Consolidation Should no Longer Delay
British Chancellor of the Exchequer George Osborne today announced fiscal consolidation policy, shoc
Most viewed articles in this category:
- Common Financial Problems to Avoid
One must first change their habits and not procrastinate. American Consultants Inc at offers key fi - How a Bad Hire Can Hurt Your Business
What's worse - hiring the wrong person or not hiring anyone at all? Companies can become almost des - Joel Comm Is Dr. Adsense
What is Adsense? If you are new to making money online and net marketing, you may not know what Ads - 5 Steps For A Dynamic Wealth System Online
Recipe: Opportunity + knowledge + Dynamic Wealth System + Your Action = Massive Success!!! Step 1 - How To Stop Foreclosure
Losing your house to a foreclosure can be very scary. There are times when circumstances are ou - How to Always Pitch A Strike
As business owners, we are always working on new ways to convince people to become customers, client - Membrane Diffuser Solutions for Wastewater Treatment Systems
In the aeration basin of a typical wastewater treatment plant there are both organic and inorganic m - Another Year Hating Your Job or Loving Life?
Copyright © 2007 Mary Foley I've come to the conclusion that to be successful - really successf - Dyestuff Industry In India And China
World demand for dyes and organic pigments to touch $10.6 billion in 2008According to a study on dye - Cma-cgm Case : the Series of Lawsuits Continues in Syria, Lebanon, Egypt, France, England and the United States
Damietta company case : The series of lawsuits continues in Syria, Lebanon, Egypt, France, England a