8 Ways to Increase Profits with Related Products and Services
One of the most important ways to sustain profits in your business is to create new products and services that your targeted audience will be eager to buy. If you have a product (or service) that your audience likes, you likely want to DO something to capitalize on this interest. Of course, raising the price of said product or service is one way to raise profitability. However, raising the price will not extend your offer or grow your business. How can you figure out which products/services your audience wants to buy? It may be time to create ancillary products and services related to your original, core offer. Or, it may be time to create a next-level offer for your audience. Figuring out which products and services your audience wants can…