10 Ways To Maintain Profits In A Slow Economy
1. Sell more back end products to your existing customer base. You already created rapport, trust and proved your credibility to them.
2. Make it a practice to up sell to new and existing customers. After they decide to buy one product, offer them another product.
3. Cross promote your products and services with other businesses that aren't competition. You will reach a wider audience at less cost.
4. Create joint venture deals with other businesses. You can expand your product line and target other profitable markets at a lower cost.
5. Start an affiliate program for your business. You will be able to spend less profits on risk advertising and spend more money on guaranteed sales.
6. Trade advertising with other businesses to save revenue. You could trade e-zine ads, banners ads, links, print ads, etc.
7. Out source part of your workload. This can save on employee costs, equipment costs, taxation costs, expansion costs, etc.
8. Add low cost bonuses to your offer that have a high perceived value. It could be ebooks, members only sites, consulting, e-reports, etc.
9. Use viral marketing to promote your business on the internet. Give away free stuff with your ad copy include on it so others can give it away.
10. Follow up with all your prospects. You can use a free e-zine, a follow-up autoresponder, an update or reminder list, etc. ----
About The Author
Over 40,000 Free eBooks & Web Books when you visit: http://www.ldpublishing.com As a bonus, Bob Osgoodby publishes the free weekly "Your Business" Newsletter - visit his web site to subscribe and place a FREE Ad! http://adv-marketing.com/business
 Google News Updated : Fri, 10 Oct 2008 17:49:09 GMT NATO agrees on Afghan drug role for military - The Associated Press
The Associated Press - BUDAPEST, Hungary (AP) - NATO defense ministers Friday authorized their troops in Afghanistan to attack drug barons blamed for pumping up to US$100 million (euro74 million) a year into the coffers of resurgent Taliban fighters. NATO Joins Drug War in Afghanistan NATO to Hit Drug Trade in Afghanistan Publ.Date : Fri, 10 Oct 2008 16:11:48 GMT Help Support Breast Cancer Awareness With Lifespring Health - MarketWatch
MarketWatch - Lifespring Health will be Donating $5 to the Susan G. Komen Foundation Each Time you Shop Online This Month SUNNYVALE, Calif., Oct 10, 2008 /PRNewswire via COMTEX/ -- October is breast cancer awareness month! Go "Passionately Pink for the Cure" on Oct. 17 Panera Bread to sell pink bagels Publ.Date : Fri, 10 Oct 2008 16:05:31 GMT States probe possible voter registration fraud - Chicago Tribune
Chicago Tribune - Questions about possible cases of fraudulent voter registrations were being raised this week as officials in several states investigated hundreds of questionable or duplicate registration forms submitted by an advocacy group. Carnahan statement on ACORN registration mess Republicans try to tie Obama to vote fraud cases Publ.Date : Fri, 10 Oct 2008 16:48:10 GMT A Cautious Approach to Gardasil Shot - U.S. News & World Report
U.S. News & World Report - News today cheering the fact that 1 in 4 teen girls has received the Gardasil vaccine sounds to me like some serious spin from the Centers for Disease Control and Prevention, the government agency pushing girls as young as 9 to get the shot. Cancer Vaccine Used by 25% of Girls 13 to 17 Quarter of adolescent US girls received HPV vaccine Publ.Date : Fri, 10 Oct 2008 17:14:13 GMT Eagles' Westbrook out for Sunday's game - Sports Network
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Minneapolis Star Tribune - By Patricia Lopez, Star Tribune ...and it has nothing at all to do with several outlets (including one of Franken's ads) letting us know that a Coleman ad that wants us to … read more see Franken looking out of control/angry, is actually video of ... Coleman: I'll remove negative ads and urge others to do same Coleman says he'll pull negative ads to focus on economy Publ.Date : Fri, 10 Oct 2008 17:25:04 GMT UPDATE 1-Bush says US moving quickly to solve market crisis - Forbes
Forbes - WASHINGTON, Oct 10 (Reuters) - President George W. Bush said on Friday the US government was moving aggressively to address the financial markets crisis, but he acknowledged that anxiety was feeding on itself as stocks continued to plunge. Bush appeals for confidence Bush Says Markets Must Remain Calm Despite Challenges Publ.Date : Fri, 10 Oct 2008 16:33:45 GMT Website Traffic Promotion |
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