Ways To Grow A Business - Can Giving Something Away Bring You More Money?
Ways to grow a business can include many different ideas. But which ones are going to bring in more money to your business? Profits are what make small businesses into big ones, but making those profits can sometimes be hard. What if you could give something away and still make money?
It may sound counter-intuitive, but giving away something that is of value to your customers can dramatically increase your profits, even if it doesn’t seem as though it will. These are ways in which the question of ‘how to grow my business’ can be answered. Sometimes, you just need to think of different ways to make profits – and your business – grow. One way to bring new customers in is to literally put something of value on your counter, at the tills. Once a customer has paid, offer it to them. Let them know it’s free, and let them know how much it is worth (keeping the price tag on it is great for this). Immediately you will have established a bond between you and the customer, as well as differentiating you from your competition. How to be successful in business could even be as simple as giving away vouchers for discounts in local newspapers or through mailshots (email or through the post). Or why not add it to their receipt? This will ensure a return visit. Another idea is to offer ‘how to’ information for free after a purchase. Anything that has an inherent value to the customer but that won’t cut into the profits for you is a good idea – and it will increase profits in the long term.
I-Thrive know many ways to grow a business and can offer a huge amount of expert advice about becoming successful. We can be contacted on 01223 967260 with questions, or why not download our new training course overview from our website (https://www.i-thrive.co.uk/) for more information? We’d love to help.