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Archive for March, 2010
Wednesday, March 24th, 2010
Why not…combine your product/service offering, or un-bundle them, to create more sales? Let’s say you’ve always included ongoing, free, anytime support services with your product or service. What if you created a FAQ list with really appropriate answers, organize the list of FAQs to be easily searched, provided it on a CD as well as your website, and then charge for real-person extra support after the first two calls? What typically happens is, customers adapt to this, already know how to use FAQs (even though you never had them before) and figure out most of the answers thedmselves. And what you’ve done is help them to help themselves (they better understand your product/service) while cutting your costs, even if you never charge them for the real-person support (which I do recommend you don’t charge them). — Please leave your comment to add to these ideas below!
Tags: management tools, more sales, software Posted in "How to" Use Business Tools & Software, Cash and Credit, Grow Business Profitably, Recession Remedies | Comments Welcome »
Wednesday, March 17th, 2010
Why not…instead of adjusting price, adjust the amount you sell for the price? For example, a pound of coffee isn’t anymore; it’s somewhere between 11 and 12.5 ounces. Maybe you feel it’s sneaky to increase price this way, but it’s being done everywhere, right or wrong. If the customer still perceives value, it’s probably okay. Another idea: airlines, banks, and others have long been adding “fees” instead of just increasing price. Again, right or wrong, it is what is taking place in the world and is now coming to be accepted. The real question is: how can you BEST increase your price, and still assure the customer gets a proper price-to-value deal? Food for thought, analysis, trial, and implementation. — Please add your comment below to improve these ideas!
Tags: management tools, more sales, recession tools Posted in "How to" Use Business Tools & Software, Cash and Credit, Grow Business Profitably, Recession Remedies | Comments Welcome »
Wednesday, March 10th, 2010
Why not…partner with suppliers to share pain/survival by trading payment for price? This means if you’re cash-rich, offer your suppliers quicker payment in exchange for lower price now from them, and similarly perhaps trade slightly higher price for delayed payment if you’re cash-poor. You might do this with customers, too! Why not give it a try right now with one small supplier? — Please leave your comment to add to these ideas below!
Tags: management tools, more sales, software Posted in "How to" Use Business Tools & Software, Cash and Credit, Grow Business Profitably, Recession Remedies, Uncategorized | Comments Welcome »
Wednesday, March 3rd, 2010
Why not…parse and cross-manufacture with non-local competitors? This is the same concept as our February 24th blog, but now you contact non-local competitors where you could manufacture a jointly offered product and do so at lower cost due to the added volume of thos non-local competitors, and they could manufacture another product similarly for you to sell. Overall cost of design, manufacture and QC go down, freight goes up a tad, and you both benefit with improved profits. Why not call a distant manufacturer or two now? — Please add your comment below about these ideas!
Tags: more sales, recession tools Posted in "How to" Use Business Tools & Software, Cash and Credit, Grow Business Profitably, Recession Remedies | Comments Welcome »
Monday, March 1st, 2010
Looking for lenders, banks, or information on borrowing for business? Many local and community banks as well as credit unions indeed have money and want to lend. Check out sources at Lender Information Websites and also inquire about SBA lending at the banks (reportedly, the ones that do SBA lending can lend up to $5 million guaranteed by one of the Government’s stimulus arrangements).
Tags: management tools, more sales, recession tools, software Posted in "How to" Use Business Tools & Software, Cash and Credit, Recession Remedies | Comments Welcome »
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