2016-07-07 13:29:39 PM

Visakhapatnam

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4 Little Known Tips to Grow Your Revenues

The only imperishable rule for a consistent entrepreneurial growth is Earn Revenue!

You cannot just work with hard work alone; because you need to pay your bills and raise revenue otherwise the business will gradually die.

Here are four fast ideas for rapid revenue for a consistent outcome.

1.Leverage your existing fan base.

The best and most reliable source of revenue comes from your existing fan base. The reason being they already trust your products and services. Now is the time to add new value for them to raise new revenue.

Analyze whether you have added value to your product? Verify whether you have improved the version of the earlier product or service?

The answer is leverage on existing buyer relationship. This will result in a higher conversion rate and rapid revenue growth.

2.Host a seminar.

Are you truly streamlining your expertise? Or whether you are holding it back for a few selected clients? Is this “hold back” increasing your revenue.
Expertise is something from which many people can benefit from. No doubt there is countless resource online but the impact that expertise or expert advice makes in huge.

People consider expertise as an open invitation.

The key is coming up with a killer idea that appeals to the broadest audience possible. What is your specialty? How do you define the power of your message? What do you have to say to the world?

3.Cross-promote to new audiences.

Make sure you are not only promoting exclusively to your own audience but to a larger audience as well.
If you ever receive an email from a prominent expert endorsing the product or service of “my very good friend,” you are likely reading a cross-promotional sales opportunity.
The advantage in executing this is that you can reach an entirely new audience. If the product performs well in the market you thereby increase your chances of selling them again to a larger extent in the market.

4.Repurpose an existing product.

Prefer writing blog that keeps your customers updated about your services. Every product that you develop will be developed module by module. You will always wish to upgrade a product with better functionalities. Assemble your very best blog posts into an eBook and sell it online. Consider unique sales promotional strategies for expanding a service you offer or to clear out earlier stale inventory.

The key is looking at your products and services with a very different perspective. Analyze on existing product and ask what best can be done to expand your service and launch a unique sales promotion to clear out stale inventory and generate revenue right then.

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