Ways to Earn More $

3 Ways to Make More Money

In one of our gifts to you, we shared some ways to make more money. To get a list of those ways, click here.

  1. Provide add-on products or services of value to your customers. For example, if you are a style consultant and provide wardrobe tips and suggested outfits to your business clients, why not provide an added convenience by having that outfit readily available for your clients to purchase and/or offering a shopping service to them for an additional fee.

 

  1. Rent out part of your business premises. If you have more space than you need, you may be able to find a small business that only needs a corner space. They may even be willing to pay extra for additional support, including the use of your secretary or office machines such as your copier.

 

  1. Form strategic alliances. There are many benefits to be derived from forming business alliances, including filling a gap in your own business, gaining market share, being more competitive, and increasing cash flow. Always keep an eye out for opportunities to form these types of partnerships but remember to weigh the pros and the cons before making a decision to join forces or turn an opportunity away. We will share more on this in a future blog. Check back often and join our mailing list for future updates.

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7 tips from successful small business owners

tip #3 Delegate when necessary

Gene marks had to pick up the sales portion of there business after the death of his father , until Gene realized he was not good in that department and that it would be beneficial for him to Delegate people to do the things that he is not able to do.

“When he passed away, I took it over and realized I couldn’t do it all, and hired some new employees. I’ve learned that you can make a lot more money when you have other people doing it for you.”
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