As many of you will know, there are only 3 ways to increase profitability – sell more products, charge more for your products or reduce the costs of making your products. Selling more and reducing costs are inherent in any business strategy. Where most companies fall short is understanding how the manipulation of prices can be used to increase profits.
Manipulating prices to improve profitability is a hugely powerful weapon. For most companies, a 1% increase in price would go straight on the bottom line, adding around 8% to operating profits. As healthy profits are the key to business survival, the ability to sell more profitably is crucial.
To learn how you can start selling more profitably, including some handy dos and don’ts, please follow the link below to view our latest infographic.
We have also turned the infographic into a handy video, which you can view below: