How to Sell and Make Profit as a Business Owner
We bet that at the beginning, you were excited to become a business owner; loads of ideas bouncing through your mind, your creative juices constantly flowing. Six months into the business though, there is still no profit. If this sounds like you, read more to know exactly what your error is and how to improve.
We bet that at the beginning, you were excited to become a business owner; loads of ideas bouncing through your mind, your creative juices constantly flowing. Six months into the business though, there is still no profit. You have reviewed your business plan over and over but can’t identify where the issue is.
If this sounds like you, at the end of this article you’ll know exactly where your error is and how to improve.
Motivational guru, popularly known for coaching Fortune 500 CEOs and US Presidents, Tony Robbins states that understanding financial terms and the ability to read financial statements is one of the keys to understanding how to really grow a profitable business. As you wouldn’t know how to fly a plane without knowing how to read the gauges, the same applies to business. Learn the basics of finances by learning how to read a balance sheet, income and cash flow statements to properly calculate and even predict your revenue.
Another great point he shares is to ensure that real value is proposed to customers, and we couldn’t agree more. Making a profit isn’t really about making a “sale” but it’s the value customers perceive in your product or service. If your product or service fills a need for a customer, they will always return. Get into the minds of your customers by researching their tastes and lifestyles. Once you crack this, you’ll be able to develop unbeatable products in the market.
Finally, finding more customers seems like an obvious point but many business owners are not intentional about this. Advertising remains the best method to reach people with your offerings and there are a variety of marketing channels to explore, some for free like the Quickteller Business storefront. Upload your products, set up your payment options, find customers all over the world, and watch your business grow with Quickteller Business.
If you require further support in running your business or have questions concerning Quickteller Business, please send a mail to [email protected].
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