Sometimes small companies find themselves in such situations when price increases are simply necessary for the business to survive. And then entrepreneurs face a problem: how to raise prices, and not scare customers away? In this case, it is extremely dangerous to make hasty decisions. Price increase should be carried out correctly.
We have collected recommendations from experienced businessmen who will teach you how to properly raise the prices of your goods or services, and not to lose customer loyalty.
Correct price increase Continue reading
Website promotion, as well as their promotion and creation – is one of the most sought-after areas at present. Among other things, the creation of websites affects the development of business in various industries. But creation is only the initial stage of multifunctional work of any site. Further, a very important point is to attract the right categories of people to the site. Surely, you often noticed that the largest chains of retail chains, stores, as well as pizzerias, fashion stores and other well-known brands went into the trade through the Internet. Continue reading
1. Reinvest profits
When you earn a lot of money first, you might be tempted to spend it. Do not do that. Better put them in a business that seems profitable to you. I figured it out early, while still in high school. My friend and I bought a used pinball machine and installed it at the hairdresser. We did not spend the money we received, as ordinary teenagers would do in our place, but began to buy other automata. For 26 years I had been $ 174,000, which in today’s money is $ 1.4 million
2. Be ready to be different Continue reading