How to Increase Your Sales on a Tight Budget

By Tuesday, May 5, 2015 0 No tags Permalink

As you probably already know, most businesses fail because they can’t adapt to new trends and are left behind by the competition. If you need to increase your sales but don’t have the money to splash out, follow these tips.


Maximize the Potential of Your Website


The two main things your business’s website should be are simple and fast. If your website is overloaded with information and confusing to navigate, customer won’t stick around for long. They also won’t stay for long if the website takes an eternity to load. Change your hosting service if yours is too slow.


You want to make it as easy as possible for customer to buy from you. This is in your interests and theirs, so make it your focus. Have links to your social media sites at the top of the page and a few clear tabs that link the most important sections of your website. Then, make sure your checkout system is fast, safe and effective.


Use Direct Marketing


If you can sell direct to customers, you should. There are many ways of doing direct marketing. You could use postal marketing, and of course the internet to get your message across. But sometimes you need to speak to people face to face as well.


This is where trade shows can be of great benefit. If you can interact with people and sell to people off the cuff, this is the ideal environment for you. You can buy trade show table throws online and then make sure you have an attractive exhibit and a prepared workforce.


Keep Hold of Existing Customers


It’s a lot cheaper and more sensible to focus on your existing customers and keep them coming back than it is to bring in new ones. Yes, you should still be trying to pull in customers, but you can’t afford to neglect your existing customer base. One way to keep them coming back is to use incentives.


The best kind of incentives are tangible rewards. I’d recommend setting up a loyalty points system. This would mean your customers would get points every time they shopped with you and can be traded in for something once they’ve saved enough. You should also make sure you have a good customer services department; customer won’t come back if they’re treated badly when they have a problem.


Look to Make Connections and Partnerships


Two heads are better than, and that applies to business too. There can be great benefits to forming alliances. It can be in the interests of both companies to pool their knowledge and share a stage. You shouldn’t do this with direct competitors, but with a different kind of business, you might both benefit from increased brand awareness.


It can also be a good idea to form links with organizations in the nonprofit sector. Charities are alway looking for new ways to work with businesses and open up new revenues streams. And your business will benefit from the positive exposure too.


You don’t have to splash the cash to increase your sales. Follow these tips and your sales will be rising before you know it.

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