Effective Strategies to Promote Sales with airSlate SignNow

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let's talk now about three strategies to increase your cash flow you're not making enough sales do you say do you ever wonder how you can increase your cash flow into your business if you're a business owner like me you think about this all the time now there are three basic sales strategies to increase your sales through strategic planning and customer service whether you're selling homes or hamburgers there are opportunities to increase sales and gain a loyal customer base by using these strategies in your business plan now the first way to increase your cash flow is to increase the number of individuals sales we call the number of individual transactions companies that sell products or services that are only needed every few years or once in a lifetime like a new home or car wedding-ring have to concentrate all their business activities on increasing the number of sales because once a person has purchased one of these items he or she is not going to be a customer in that market again for a long time now if doubling your profitability requires that you double the number of sales of your product or service then this becomes your central focus of your marketing and your advertising and your strategic planning doubling your number of transactions the second way to increase your profits is by making larger sales to each customer once the customer has decided to buy from you you must think of ways to increase the size of the sale and therefore the profitability in cash flow now the good news is that through good customer service once the customers reach the point of liking you and trusting you enough to buy from you he or she will be open to suggestions for increasing the size of his or her purchase sometimes you can upsell the customer to a more expensive item on other occasions you can cross sell the customer by offering additional products or services that go along with a product or service that he or she has just purchased you can use strategic planning to decide how to get your customer to buy more now because acquiring customers can be so expensive you can give deep discounts and bonuses to get the customer to buy something else before they leave especially if they don't want to buy the main product that you are offering you can cut the price by a on additional items by 10 percent or 25 percent or even 50 percent to capture the add-on sale especially if there's little or no cost to the additional product that you throw in like a service contract or delivery and things like that the extra cash flow that you can earn is money that you would not have had if you let the customer depart without buying anything remember once you've got the customer there you don't want to lose them and have them go away forever now the third way to increase your sales is by getting the customer to buy more frequently if you sell a product or service that is used and consumed regularly such as food or business services or automobile maintenance or Barbarin beauty services or office stationery supplies the key to business growth and extra cash flow is to capture more of the customers business get the customer to buy from you more frequently rather than going somewhere else and buying the same services from other suppliers now by using these marketing techniques in your field you will be able to increase your cash flow retain your customers and gain many new ones thanks for watching my video be sure to subscribe and tell a friend about it for exclusive content on sales training and leadership and business and personal success visit me at Brian Tracy comm and while you're there sign up for my newsletter until next time make it a great day