8 Ways to Increase Profits with Related Products and Services

8 Ways to Increase Profits with Related Products and Services

Marketing Strategy
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…
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How to Decide What Products to Create

How to Decide What Products to Create

Marketing Strategy
In order to have a business, you need to have something to sell. I think we can agree on this right? When many entrepreneurs start out, they often sell their knowledge. People often need advice and expertise to help them solve a problem. After having a conversation with someone who needs help, a not-yet entrepreneur who sounds like an expert is often asked "how much would you charge to help me " or something along those lines. Has this ever happened to you? Have you had a conversation with someone, they ask what you would charge, and you have to do some quick thinking on the fly? If you can think on your feet, you come up with a fee and a service package on the spot. Yeah, I've done this! How Many…
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