Category: Top » Business » Entrepreneurship » Growth-topics »


Author: buzzcutmedia | Total views: 6 Comments: 0
Word Count: 630 Date: Wed, 18 Jul 2007 1:45 AM

Increase Sales Without Spending a Dime

As a long time business owner, businesses ranging from restaurants to mail order, I have come across hundreds of other owners who all seem to have the same complaint. We can't use any heavy marketing methods to increase business because it is simply too expensive. How do you do it?. They never seem to like my answer. Why? Because it always starts with, first try washing your windows and cleaning your front entrance and see what happens.

The immediate response is always one of laughter quickly followed by confusion. The reality is, most of us look for solutions to most problems in complex service offerings and thick books that use words like aggregation, amortization and multifarious (yes it is a word). But, in practice, most business solutions stare at us right in the face every day and we simply look past. Here is a prime example. My friend who asked the above question owned a medium sized restaurant who benefited from a great deal of foot traffic, yet his volume has half of what his direct competitor was across the street.

The problem was simple, his competitor simply presented a better product right from the beginning with a clean, organized look and a whole bunch of service options once inside. So, I broke down a simple list for my friend to use and here it is.

1. Say Come on In Without Say a Word: Everyone is busy and always in a hurry. But, even the busiest person appreciates (and more importantly will stop to get) a free cookie. Are cookies expensive? No, they are not. Who doesn't like a cookie and a smile at the front door? This is cheap to do and will immediately bring in business.

2. Macy's Doesn't Have a Patent on Window Displays: Have you ever thought of putting in a scene or colorful decoration in your window? People love creativity and usually reward it with consistent patronage. We are always looking for something new or someone interesting to follow. It is simply our nature. Get creative; put something cool in the front window and watch people talk.

3. Let the Children Play: How many businesses are children friendly? And the ones that are usually do a good business if done right. So give the kids something to do. As a father of three, I'll be the first to tell you I will be a loyal customer if you can keep my kids from screaming at each other for more than 30 seconds. Ahh, thirty seconds of peace and quiet.

4. Keep Your Store Organized and Clean: Get all of the little things that need to get done, DONE! Organize your store and keep it neat and tidy. Be anal about it as all good businesses look like good businesses. If it looks shabbily run, then it probably is and the consumer is not likely to go in.

5. Sell Something at a Loss: The auto sales industry is built on the concept of the loss leader. In short, you lose money on a product (an insane deal) in hopes to upsell or sell other items that are not on sale. This has proven to be one of the simplest and most effective approaches to increase volume and subsequent revenue. Now, it does take some thought on what to sell and how to position to insure you do get other items sold, but it isn't that complicated.

Believe it or not, these simple five steps work wonders. There are also many articles on entrepreneur.com that also touch on similar methods. Any new ideas, even bad ones, can spark positive action. Remember, always be creative and don't be afraid to try new things.

About the Author

B. Charles Smith is a 15 year Fortune 50 Company veteran specializing in organizational development and technology application. He is the chief editor of Mynaukri.net, one of India's leading publications on market trends and India jobs. Additionally, he has interests in many large entertainment site including Slubber.com (video aggregator) and Mybuzzcut.com (leading Myspace resource site).




Rate, comment or bookmark this article

Seed Newsvine

Rating: Not yet rated

Bookmark this article in your preferred program
AddThis Social Bookmark Button

Comments RSS

No comments posted.

Add Comment

Your Name:


Your Email:


Comment

Enter the code shown

Visual CAPTCHA



Popular Articles in this cathegory

1: Advantages and Disadvantages in Business Structure - Is an S-Corp and an LLC Right For You?
Small and Home Businesses need to address structure at the onset and during growth. Choosing a structure as an S-corporation or LLC should be based on the clear differences as discussed in this article.

2: 7 Effective Ways To Increase Your Profit Margins
Your profit margin is the money you have left over after accounting for all your costs. This is the cash in your pocket, the real money you get to keep. This is the ultimate figure you want to make larger, and when you focus more specific attention on this magic number, you have a more clear-headed way of making it bigger.

3: Restaurant Strategy Plan: A Vital Part of Any Business
Having a restaurant strategy plan is a vital part of running a successful business. It will help you stay focus and meet your goals quicker and easier while increase your revenue in the process. It will also help you avoid many of the common mistakes made by entrepreneurs when starting up a new company that can cause their business to fail.

4: Biodiesel: The Pros and Cons
The green movement is developing new technologies that may create new markets. One of them is biodiesel. Industries will soon be affected positively or negatively by this emerging technology depending on where they fall in the supply chain. The author warns: Companies must prepare for the changing business environment that will result with the proliferation of green technology. Be a winner!

5: Colors, Personality Study Made Simple
There are only four different personality types. Although they are called by a variety of names, it still remains only four categories. I'm sure you've heard the names like Phegmatic, Sanguine, Melancholy or Caloric? Also Ruby, Emerald, etc.
The personality studies have...


Creative Commons License
This article is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 License.
Spanish taslation