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From my experience as a business person, in buying and selling, I have discovered some helpful tips on how to increase profit. I an happy to share some in this forum.
Customer relation, a business person must understand that customer is king and should be treated like a royalty. Even it they are buying the least thing in your shop. When they leave your shop delighted, be assured that they will always come back to patronise you. And they will even market your products to their friends. Meaning more patronage for your business which will be increasing your profit.
Your business should have at least one season when you give out rewards and discounts to customers when they buy your products. This will increase your sales geometrically and when you remove the cost of the reward and discounts, you will still have increased profit.
Stock different brands of the products that you sell. Customers will prefer to enter a shop where they will see different varieties of what they need. More customers will enter and will even be tempted to buy more than they planned for. More customers equals more profit.

Please feel free to drop your own ideas on how to increase profit in businesses.

Discounts are things that can be done in a business to increase profits in business, maintain product quality and maintain relationships with customers by maintaining etiquette with customers and providing new innovations in business that are not monotonous, such as technological improvements contained in a product to be sold Survey competitors can also be done to give our products superiority when compared to competitors' products

I guess it's boils down to good customer service and then promotions and marketing as you have said. Yeah, you need to offer variety of items. For example if you are in the shoe business, then you should have at least full sizes of the shoes that you are selling.

So talk to your customer, get feedback so that you can improved. They are the life line of your business, so obviously, you have to treat them very well. I also have online store that born out of the pandemic, and if I may add about the negatives though, there are competitors out there that wanted your business to be destroy so just be careful on who you deal with as well, just saying. Because as much as you are customer centric and giving rewards and discounts, sooner or later they will give you bad feedback because the people that ordered from your is from your competitor.

I generally agree with what you say.


Well, treating them like a king is perhaps a bit of an exaggeration. All customers are not polite to you and you have to know where to draw the line too, depending on the business you have. But yes, the customer is the one who feeds you and you have to treat him as well as you can as long as he is respectful to you.


Many people do not understand this, and it may seem paradoxical to them, but it has been proven that giving discounts or free things tends to increase sales not only during the promotion but even after it ends.


Well, one of them would be to publicize your business. Not in vain there is a concept called CAC, or Customer Acquisition Cost. It basically consists of investing in advertising and only very few businesses can avoid this and be successful. The question is to maintain a balance and always invest the right amount so that the customers you acquire and what you spend is higher, so that you obtain a higher return on your investment.

Quality and competitive pricing are important in business, but in my opinion, customer service is even more important if you want to increase sales and profits. As a customer, I prefer to go to stores with a good service attitude even though the prices may be higher than in other places.
In business, we should sell what the customer needs rather than what we have. I mean we should have many different models and based on the customer's attitude we should behave appropriately. That's something I take very seriously as a customer.

Too many customers obviously won't increase your profit, and if you're selling things at a loss to them, I don't think that's a good way to attract more customers. Instead, treat your customers well and stock your store with a variety of goods so they can make the perfect choice when they visit. As you mentioned, treating your customers like kings is another great way to boost your revenue because they'll notice when things are going well in your store.

convenience, customer satisfaction, product quality, low prices, discounts, and good grammar from the seller are the keys where consumers will always be happy to come back to the business you have. it will let them do free advertising to people who need the same or similar products, and they will advertise it for free to their friends. it will increase the number of visitors and consumers at your place.
For example, when bitcoin becomes hype, very many of us do free promotions to the people around us, so that in a short time, bitcoin becomes famous and has a lot of users. Apart from that, another way to increase profits in the business that you have is to take advantage of social media such as Facebook, Twitter, Instagram, TikTok, and others. it has also proven effective in increasing the number of consumers, and increasing the profit we have.

Advertising and brand recognition is one of the best way in boosting your profits. When you invest in advertising your business out there, people become more familiar with your products or services. Even better if you have something unique that you can use to promote your business. Like a slogan, or a product or anything that when people see will immediately recognize which business it is. The more the people recognize your business, the more you will be earning. But don't expect to earn a lot after few days of advertisement. In a long term thing and it will give you some good ROI after few months.

In this time of economic problems, people are more concerned about cutting costs. If you offer products with cheaper prices, the business will attract more customers. So every business shouldn't focus on making huge profit but the target should be how to attract more customers. This is because more customers will lead to higher profits. So business owners should seek quality products that have competitive prices.


Having many customers and making a small profit from each sale might be better than having few customers and making a huge profit from them. An example is having 10 customers that you make $10 from each of them and having 100 customers that you make $2 from each of them. The former will bring $100 and the latter $200. Attracting more customers is an important factor in business growth and profitability.

Building good customer connections is an efficient method to enhance earnings. You may boost client loyalty and attract new consumers by treating them like kings. Furthermore, even after deducting the cost of the incentives, delivering awards and discounts during a certain season can assist raise sales and profits. Stocking a variety of brands of items may help boost sales by giving buyers a larger choices to pick from.

The surest means to increase profit is to make more sales. The best way to make more sales is to involve in good promotion. If you don't give your product the exposure they want, then will age in your shop.
Promotions enables you to highlight the benefits of using your products, and as part of the promotion being said, you can use referral bonuses. This will enable others (your immediate customers) to scout for more on your behalf.

Discounts in business is risky too, I have seen people that use discounts to their advantages for their businesses and it works very well for them and I have also seen some people that use discounts and they end up losing more money because even after the discount many customers only take advantage of the discounts and move away from the store.

You need a proper discount strategy that won't end up a mess, I think discounts is not something that every business can make use of, the best businesses that are good for discounts are those that are into wholesale, even if the discount thing isn't working as they wished for they aren't at loss.

I agree, we don't need to make too much profit for each product sold, but instead can make a small profit but attract many customers, the total profit will be huge. If we sell cheaper than our competitors, we can retain old customers and attract new ones, which is a huge advantage that many large enterprises are applying. We are consumers ourselves, and we know what we need when we go shopping. Therefore, when doing business, always put yourself in the customer's position, then you will gain customers' love.

6The first step to making a profit in business is to always treat customers well. You must always remember that the customer is the target of your business. Never mistreat customers.
Suppose in business case you first started with a shop, the customer in that shop is actually treated very politely with that customer as a result of which it will be seen that the customer will be very happy with you and later he will come back to your shop and bring some more customers. But if you misbehave with customers then that customer will leave your shop with a bad mentality towards you and will tell everyone about your behavior which will make others not come to your shop. So to improve the business you have to treat the customers well first. 

Secondly, one must always adopt the righteous path. And accounts should be kept clear. If you are not mature then no matter how much money you earn from trading you will not be profitable annually.

There are many businesses strategies to boost profits, but the few you've highlighted are the ones that matter most. Being polite to consumers, offering discounts to customers, and selling high-quality goods are all crucial in business , especially in stores businesses. If someone wants to succeed in business, they must take on these duties. My personal experience has shown me that to attract customers you play this tree duties.

Giving customers discounts doesn't imply you should sell your products so cheaply that you will eventually go out of business; rather, it only means you should offer a small discount in comparison to what others are selling. I firmly feel that this practice helps businesses to attract more clients.

That’s what some business people don’t really understand, they don’t have good customer relationships, when you are having a customer, make sure you know how to relate with them, you don’t just talk to them anyhow, you don’t insult them, whenever they are having problem with your products, make sure you Solve it appropriately, if your relationship with your customer is really nice, then it will always encourage them to patronize you and also invite people close to them to patronize you.

This is also a marketing strategy, when you reduce the prices of your products for some certain period of time, it will help attract people to patronize you, since they notice that you are selling your products at a cheaper price so they will buy your products, which will increase your customer’s, even if the bonanza ends, most of them will still end up patronizing you.

This is only applicable if you have an existing business with established market. Not all business have a loyal customer so this suggestion will not gonna gain additional profit on business that doesn’t have a customer.


Marketing is the simplest advice anyone can give to increase profit. This is what I’m doing to increase my business profit. Giving perks and discounts to my customers that purchased multiple times already makes them more loyal to my business.

Purchasing social media ads is the best marketing plan to target audience suitable for my business because social media is the hot spot for all the customers rather than the google ads.

Thank you for sharing those helpful tips on increasing profit in businesses. I agree that customer relations are key to the success of any business, and treating customers well can lead to increased loyalty and repeat business.

Here are the things you need to increase your sales.

1. Know what you sell, because properly explaining what you are selling to your costumer can easily convince them to buy your product.

2. Increase your social media presence by actively promoting your business and use social media boosting to increase reached this is one effective way to increase your sales. But you also need to know your target prospect first so that your marketing campaign will became more effect.

3. Be more active to answer your costumer since 5 minutes delay or more longer can make them turn off and they will look for another seller which can answer their question more faster.

Generally, it is all about giving good services to the customers. Because the moment that they feel happy and convenient in one place, they will turn back again and possibly bring more as they talk about their good experience.
Where discounts and incentives for loyal customers is also a great idea, and these people will appriciate it much. It is very important to hear feedbacks from our clients/customers whether it was bad or good because in this way, we know what is the thing we need to correct and a need to improve.

Those are strategies and communication/rapport is key to give that thought to your customers that you value them. While those rewards are somehow necessary and can only be applied a few times within a year or depending on how you want to do it as a business owner, that also gives the thought to the customers to come back everytime you're making those to make sure each of their purchases are worth to make. And that's because of those points that's being counted whenever they buy at your store. Even I, as a customer for different stores, that's also tryna making me back when there are points or rewards systems that's being implemented. But then, in all of this, customer service and them being satisfied is a top notch.

The customer is always right, that's the slogan I was told by my boss when I was operating a small business with him as the lead chief, it doesn't matter how wrong the customer was but you never attack them. You'll always make them feel comfortable and treated like royalty. This strategy always keep the customers coming back and with the friends to patronize you. If you want to succeed as a business owner, don't joke with your customers.

Another way to increase profits in a business is to reduced cost of production. Some businesses are making profits but when the expenses are been removed then they realized they weren't in any profits or the profits they realized has gotten reduced by a very large margin.

Actually there are many ways to increase profits in business, but it all depends on the business we are running because every business must have its own way to find goods or customers so that they always feel at home to run a business with us, the most important thing in the business is honesty and always respecting the opinions of others and we can give new ideas so that increased consumers can be achieved, And the profit we want must be achieved.

There's a lot of way to advertise and improved marketing strategy of one business if they know what the customer want and what they aim. For example, one of the company set a standard of making a tiktok meme which a lot of people caught their attention, by that other companies also tried those method.

Originality of the product itself and how you market those products that people will love.

One way to increase profits in business is to increase sales. In this case, you need to do marketing very well because marketing plays the most important role in positioning any business. In this case you must hire a marketing specialist who is a marketing expert. and adopt new and innovative strategies that your business related companies have not yet used so that you can be successful and increase sales and earn high profits. this is the only good and potential way in my opinion

If you want to do business, you need to have experience in everything. There are many steps to be taken to sell the product. If you can capture the attention of the audience by marketing well, then you can be successful in business. You have to attract the audience.  The more you can bring in the more the demand for your product will increase. If you can't win over the audience then you can't survive in marketing. Marketing is a place where you have to provide what the audience wants.

For me marketing is the best way to increase your customer and profit as well. If you're a small business, you need to learn how to adapt on the latest trends and use it to market your product or service especially in social media. Social media can play a big factor to get recognized by possible customers. People nowadays love witty marketing strategy by using what's trending or funny ways of promoting your product. Also, a great design or layout can also help to attract people. Even bigger company spend a lot of effort on social media marketing because that's the fastest way to spread your business on a bigger audience.

After promoting and acquiring new customers, then that's when you have to work on maintaining those customers and make them loyal to you, either through experience or the quality of product you provide, or both. Once your customers enjoyed and we're satisfied with what you offer, you'll get free promotion because they will share it to their family and friends

I think one of the most important things in this business is that similar products can be found in every price range. If a customer refuses to buy a product because it is expensive, we should be able to say that a similar product is of lower quality but at a lower price. In this way, we sell a product in our store. If we tried to sell products at a single price, we would not be able to sell products to this customer. Our aim should not be to send the incoming customer empty-handed. A customer who leaves without buying anything is a big loss for that store.

The feature of successful business which you describe are very essential for maintenance of one's business but I think that behavior matters a lot because if you talk with costumers politely then everyone will buy the things from you but if you talk rudely and does not give any attention to costumers then the number of costumers will reduces even the cost is less than others.

Discount is also the best way but always think that more discount will collapse your business so try to understand this thing. Giving time to your business is also a good idea and if you have more varieties in your business then it will attracts more costumers towards your business so always make your business unique it will positively effects your business.

Truly, having a good customer service is the best asset in a business. Even if your shop is known to be expensive but at least high quality items, people will eventually look for a good customer service where there longings be satisfied and may create a good atmosphere and bond that will convince the customers to keep coming back. And maybe you can add monthly promotions and hot deals that offer a variety of discounts that will make the customers to wander more in your shop.

First, the location of your business can also determine the level of profit you get from it and the products you sell. For example when one decides to start of a business in a particular location, is it recommended that the person should carry out a survey to examine the kind of products people living in that area really likes buying more often, for example if one has a wine shop in a location that various ceremony (wedding, engagement part and all sort of parties) usually takes place, definitely the person will be selling there goods more often, but when a person just starts a grocery shop in areas where people are not much residing, ofcuse they will sell less and they will not sell off their goods so quickly to buy more and have the chance of making more profit, but once a person is in a location where their business is selling off so quickly, they have the opportunity to make more profit.

Indeed maintaining relationships with customers is one of the things that can be done to increase our profits, it must also be balanced with product quality development, expansion to wider locations, promotions so the world knows that we have quality

of course, maintaining relationships with consumers is a magical thing, I have a customer that I really care about, she diligently buys my merchandise and even offers to be my reseller. I visited her several times and saw that she was someone who could be trusted and humble. apart from that I also gave her and her child birthday gifts several times and she even considered me her sister.

if you run a business, you must be able to maintain good human relations because finding someone who is honest - trustworthy - kind to you is a treasure that cannot be exchanged for anything.

Being friendly with buyers is indeed something that is most important in any business. Including the crypto business which can show an attitude of always smiling even though we are tired of answering the same questions. This is the ethics of doing business.
In addition, the products offered are also products that many people need, or products for their daily needs. If we compare it with crypto, such as swap exchange products, blockchain, nft and so on. Don't offer long term products, in general long term crypto products often disappear with time.

The most important thing is that all this attitude should come from the heart and be sincere. I have a business - I paint and sell paintings all over the world. And when a client writes to me, it's always a holiday for me. I adore everyone who comes to me for a painting, as this is both a profit for me and the value of what I need as an artist.
This is what I wake up for in the morning.

Also about discounts - I have discounts, customers love them. I also give coupons to regular customers.

The first thing I will like to talk about profit for business owners will be to study your environment the instance you gave that one should be given a discount will not be appropriate for every location you will be surprised that some people will not patronize you if your products are cheaper than other because they will think you are selling fake or less quality product.

Jeff Bezos has brought Amazon to where it is because they are a customer focused organization. Right  from the time he started out, he has always hammered on the Amazon being a customer - centric organization. That's one way to increase profit. Apples computer on the other hand has focused more on building the highest and most desired devices. In my estimation, these people are not customer-centric but product centric. So aside customer service, the products you create, if they are of the most highest standard would bring in the profits too.

Their are many ways to make increase profits in business take good care of them, consider their situations and know the can business that fit the place you want start the business, you know when you do some can businesses in some place you will not gain any profits, so you look the place very well and think, this business I want to do in this place, ask your self this place will good for the business I want do? If the place is not good for the place you lose. And if the place is good for the business you want  to do, the next thing is to social to your customers and maintain the relationship between you and your customers.

Yeah you are right that a business need to offer discount at least once for a certain season. discount will attract more people to at least knowing your product or even buying it. I am sure if you really have good product, people will come back again to your business.


Diversify your brands of product that you sell will be good to attract more customers, but not every business can apply this because they are focus to sell their own product but at the same time they only have 1 or 2 type of products. But generally you have good point to do if a business are be able to stock different brands of the product that is sold by them.

maintaining the quality of our products makes our brand different from others creating high value from our brand maintaining relationships with customers and providing them with excellent service so that our business will run smoothly in the future.

Well sometimes you might need to weight out between making "customer right" which is kinda toxic business philosophy if you would ask me and growing your business. In the end, sales is what you needed and should want. If your product is not really needed nor wanted, why bother thinking that customer would even come back. Just hear me out in this example, almost every corners and block here in my area are composing of milk tea businesses and it is kinda getting annoying that these business owners think that milk tea are still a thing these days. Although I kinda understand that there are a lot of Korean fans here in my country (I know that bubble tea originated in Taiwan), it is kinda getting a saturated business idea ya know.

To answer your question about increasing profits in business, make sure the business and not just you is up-to-date to the trends these days. This is why I tend to avoid foods businesses since they're kinda high risk and people would be sick off the food due to it being repetitive.

Location won't help the business if the business idea in the location is really saturated. Here in my area like I previously mentioned, there would be people that might answer that they like milk tea, but then there are way too many competitors for milk tea business and that is kinda going to be a threat in my own end. I guess unless the business went multi-national then we're good I guess.

As a former entrepreneur, I have a couple of things I'd like to impart for people who'd like to expand profit in their business without breaking the bank. Some of these tips I haven't tried myself but I saw be effective on other businesses, so there's that.

For one, you have to know who your target audience is, and capitalize on them. If you're looking to expand your business and its profits, you have to cater to a wider array of people. This will inevitably cost you money, so be sure to have the money to fork if ever you're going towards the expansion path.

If you really couldn't fork the money for expansion. Free marketing is a real thing. Right now we have a lot of stuff to use and abuse like Facebook, Twitter, and Tiktok. Advertise your business there by employing common marketing techniques and incorporating trends into your advertisement.

I hope this helps. The latter I used with great results, so I can vouch for its effectivity.

You will get to discover that though there are some tips that are general in business, there are businesses that need some specific kind of tips that can only be given by people who have experience in them.

For customer relations, it is a general tip. You should treat your customers right but at the same time if you provide a service, try to put value on your service by not being rude to annoying customers who may want to take advantage maybe of your price, but be straightforward and professional with them.


This is not necessary for all businesses. Do not force yourself to give rewards or discounts when you know your business cannot do it yet. If you give unnecessary discounts, it is possible for the business to have losses.

This is a lesson often forgotten by those which just look at their balance sheet at the end of the month and they just see a bunch of numbers, but they forget that their clients are humans, so if you do not treat them well and make a point of doing so if they are your long term clients then they are bound to leave and replace you for a business that does, even if they have to overpay for the privilege, this means that any business regardless of the quality of their product still needs to try to give the best customer service they can or risk being replaced by another business which does.

Actually, there is always monopoly in business; perhaps if you have competitors in your area that sell the same product as you, then we still have to refer back to where the OP talked about maintaining a good customer relationship with customers. Because that will always help your customers stick to your shop and may also refer more new customers to you. But from my initial reply, I still persist that being in a good location where you can be open to many customers is also a key to making profit. Because first you need to be in a good location before you can get customers, and when you have those customers coming, you then need to maintain a good relationship with them. I knew about three different grocery shops in my area as of last year, but this year they have all relocated. When I came into contact with one of them, I happened to be her customer, so I asked her why her shop had been closed, and she said there were not many customers in that area and that she had to relocate to a new place because some of her items were exceeding their expiration dates. So first, I can say that lotion is a factor.

The importance of advertising businesses can not be overemphasised, especially on the internet. More people outside the area of your business can easily see your products and services. And they can conveniently order for your products in the comfort of their home. You will be in your place of business and thousands, even millions of people can see and make orders, just like that. The sweetest thing is that as more people are seeing your product and you are delivering ,so is your profit, also increasing.

The power of advertising is wonderful, in increasing profit.

The topic of managing product prices amidst an ever-increasing inflation rate is fascinating. Inflation has affected businesses worldwide, making it challenging to maintain prices while improving product quality and service. This is especially difficult as production costs continue to rise. Are there any effective strategies for coping with this issue?

From my experience as a marketing person, you seem to be leaving out one of the most important aspects of any business and instead making the mistake of relying on your customers to lead the direction of marketing for you. You're the one who should be paving the path of how your customers view your product. Not the customers themselves. If your marketing is effective, you can maximize your profits without relying on hard logic. Marketing is more of a soft logic approach, which can be thought of as a tool of motivation. You need to convince someone of not just the fact that they need your product, but why they need your product and why they should buy from you.

Your PR approach of giving away rewards and discounts is good, but you should aim before you shoot. If you combine community-led advertisement with rewards for example, that alone will drive your „Word-of-Mouth“ marketing to new heights.

Customers are the most important persons in the business so we should learn to value and respect them as much as we value and respect our own business. Once they don’t feel appreciated and gone, then it could be the end of our business. Also, by providing them quality items that are actually what they’re looking for, in which the price is still fair and affordable for the customers, surely it will meet their demand and become a hit to the customers that would bring huge amount of returns.

Another tip to increase profit in business is to regularly review and analyze financial reports to identify areas where costs can be reduced or where revenue can be increased. This can help optimize operations, streamline processes, and make informed decisions to maximize profitability. Careful analysis of sales data and customer feedback can help you identify which promotions are most effective and adjust your strategies accordingly.

Our business should be on top of other businesses so that we can easily increase our profits and create massive returns. And by offering updated discounts and promotions weekly or monthly that will attract the customers, they will continue to support our business and continue giving us consistent profits. As long as we are hitting and keeping our customer’s demand, then it would be easier for us to increase our profits despite of a lot of competition in the market.

Budgeting is a big help to maximize the full potential of the company, many are skipping this one and they are too focused with their promotions to attract new customers, good to see a financial tips here. Doing business is not easy, it will always stressful especially if you are managing your own business but once you are able to create a good strategy and you already know how to handle that business then sooner or later, you’ll see your good profit.

Well, these are default thing on which it would really be just that having on a business because if you wont really be tending to do all sorts of those common approach on a business then you would definitely fail out.
Yes, lets say that you had applied it out, does it mean that you business would definitely or surely succeed? No. There's no assurance to this on which it would really be just that not a solid thing to rely on.
WHen building up a business then it would really be just that normal you would be having that approach which giving out importance to customers most of the time and would be giving out discounts
but be sure that you wont really overdropped if ever you would decided on launching one.

Of course you would really be basing up on how much money you are really that making or profits because you cant just launch up some discount just because it was really needed or you are showing desperation on
getting customers.If you do go below on the bought price then for sure you would really be bankrupt in no time, unless if the sales or demand would really be catching
up, but if not? Say goodbye into your business.

Well that is for your personal strategy and not for general strategy. Everyone has their own strategy of winning customers' mind. But the must appropriate method of winning customers' mind is the reduction of prices of the goods or the services. This is the most effective strategy I know, with that they will do the advertisement for you. So if that you method is working for you, then you can go with it, because it might not go with another person. In business you don't have to use only one method to attract customers.
There are sometimes you can even give them free gift to motivate them.

Well, it depends on what type of goods, items and products you are trading ( selling and buying ) , also the stock quantity is essential too, the more you  have, the bigger the gain. In addition to that, it is necessary to prepare a solid and professional business plan before you even start , it must contain an effective business strategy and key aims. It really helps to attract investors. In fact, you must  have a futuristic vision. Regarding your question, you will be able to increase your gain when you build an effective marketing strategy and work on it. Unfortunately, a plenty of entrepreneurs don’t give a value to marketing, they end up failing despite they have  solid projects and potential to succeed.

You have a great post about increasing profit in business but you never added embrace new technology. During the covid-19 season which causes the total lockdown some business owners that added cryptocurrency to their payment method had some increase in profit while some businesses make losses and another is prioritize customer satisfaction.

I think providing customers with a good service and customer experience is essential to building loyalty and driving sales. In addition, you can offer discount vouchers and incentives to loyal customers, which can also help strengthen relationships and encourage repeat business. In addition, always actively absorb feedback from customers to improve and help identify growth opportunities. This way, businesses can build a solid reputation for quality and customer satisfaction, helping to increase sales and long-term success.

For me to be able to increase profit in business, by improving your marketing strategies, expanding your customer, introducing new products or services, and of course taking care of your employees. Reducing cost expenses can be of help in increasing profit, like negotiating to suppliers for a better prices etc. Increase in prices specially if your products or services are in high demand. Expanding the market could also increase in profit like engaging in the social media platform which is a good marketing strategy, wherein a lot of customers now spend more time in social media and a lot of them used to buy through online platforms. In every business you should analyze and evaluate what kind of strategies will best work for your business.

It is undeniable, increasing profits in business is the main goal of business people. Getting the profits that a businessman craves requires process, time, effort and hard work. In addition to the strategies the OP has mentioned, I would like to add a few points that can be applied in doing business to attract new customers and retain old ones.

Free services or complementary products can be added to increase the interest of visitors, for example offering free delivery services for goods that consumers have purchased. This strategy makes customers feel more connected to your place of business and makes them feel comfortable shopping at your place. Additional features need to be added in order to continue to survive from competitors around you.

The best idea for increasing business profits is to make promotions more broadly and have branches in several areas where the market is visited by everyone and consistently serve every customer so that the effect you will receive for your business will be better. Because attracting enthusiasts or customers for the business that we open is a very difficult thing and it takes time to go through the process so that your business becomes more advanced and gets the results you want.

Prioritizing customer satisfaction is indeed important in running a business, but under certain conditions as you mentioned, every businessman must be able to take advantage of the momentum so that his business continues and does not lose money by applying services that are not usual for his business. For example, by making use of payments via cryptocurrency, although some business people still cannot use this method because it is not in accordance with their business, so it can only be used by some big business people in these conditions.

All those who are associated with business want to earn profit in business. But many people adopt wrong approach in business due to which they are deprived of earning profit. 
Business should adopt some ways to increase profit such as,

business should have good understanding of product service and customer needs. What kind of product the customer wants or what kind of product is more in demand in the market, that kind of product should be given more demand. 

Another thing is to avoid trying to make a certain amount of profit. not selling the product in the hope of making more profit.  And always try to buy good quality product at relatively low price which will have little chance of profit. 

Always try to retain old customers and do what will increase the demand of new customers. In that case, different offers can be given because people will be curious to accept the offer when they see the offer and this will increase your business. 

One of the most important factors in growing a business is treating customers well. Always try to make the customer satisfied with you.
If you can manage your business in this way then I think it is possible to earn more profit in business.

Prosperity in a business depends on an entrepreneur. If he has long planned to expand his business then he will surely get success. It is important to remember that the business you are serving may be done by others as well ‍. You have to find where your difference from them? Why will consumers come to you? What are your facilities that others cannot offer? etc. To provide more benefits which can be a strategy to grow your business. But if one can maintain customer relationship along with all these facilities then surely those customers will not go anywhere else. As a result, your business will expand further and you can increase your profit.

The profit in business depends alot on business efficiency and products quality.  Of you are efficient in your service your profit will increase eventually .
Your business strategies are also very important for growth if business innovations are always welcomed in business world and accepted greatly by customers .

that's right, many entrepreneurs forget how important CRM is (the term for that can be seen in the article below)

SOURCE-- (https://www.techtarget.com/searchcustomerexperience/definition/CRM-customer-relationship-management)

the benefits that we get when we manage to maintain relationships with our clients are really big, you could even say they might be the opening of our fortune in the future. Large companies that until now still have stable consumers are those who understand how important the psychological relationship with consumers is.

I'm willing to bet, if I don't maintain my relationship with the customers that I consider as my sister then my sales will not be as good as they are now.

If you are in customer service industry, customers should always be considered, also with other fields of business. Problem with some businesses is that they tend to lessen their quality of service as they are being more known which is something a business owner should avoid. Costing is a factor which causes these changes but atleast, there are other ways to cope such as adjusting the price but maintaining the product. In such way, your customers would still be patronizing what you are offering to them. It would always be the kind of service you are providing. Being not alone in the competition is enough to say that maintenance and improvement should be met as years would go by.

In business, you really need customers because they are your source of income. Maintaining good relations with customers is mandatory, but of course in the context of providing the best service you can. IMO - there are still many important tips to apply when we build a business, even though customers are number one but good management is also very important.

Manage your income and expenses personally, don't be tempted to build a new business that is not your expertise because all of that is important to maintain your financial stability in business. Increasing profits in business requires hard work, good management and budget. But of course this really depends on who is running the business and how you compete with others.

Customers are a priority for the best service, besides they are your source of income but they are also another part that will benefit your business, they will also invite other people to buy your product because of recommendations from your customers, so in business providing the best service for one customer will bring in more customers.

We must focus on the main business and not be tempted by other businesses with higher income issues, so you will not run your business optimally and your business will fall apart, focus on developing the business until it is successful and managing financial management must be professional so that the business budget is not allowed to be used for other purposes. If your business is already successful, then your business partners with relevant businesses to build a large business circle.

There are many ways to follow to increase profits in business.  And if you want to know about this professionally, I would suggest you to meet a business idea consultant. But I personally think that the first thing to do to increase the profit in the business is to add new things daily, as well as to be aware of the global news. To get an idea about the rating of what kind of needs people have. And not following the old strategies, adding new ones or updating them.

However, the CRM referred to by @Renampun is also a part of business management systems. Fanbase management is crucial nowadays, even if you have an honest business, if your fanbase is not well managed, the chances of repeat orders will be very small. CRM teaches us how to make customers buy our products or services more than once, but we must also listen to customer feedback in order to provide good service.

Many businesses have survived for a long time due to clever business management in managing customers. Buyer development will continue to increase because the status of "buyer is king" is still felt by consumers.

I would look at packaging of products after purchase or for products for a particular reason.
The way goods are packed or presented matters to the customers they may even contribute to pay for you packing their products neatly upon purchase.
Also, I would also stress on the point of discounts and freebie most times. Customers do feel appreciated and come for more patronage.
These are some of the ways I know that increases profit in a business.

That is true, even small discounts matter to the masses. Let's say 99cents or more.
But if they do compare it with others, they will surely buy it from your shop.
People want discounted items even if it is not much. That's how consumers are.
Small freebies are good attraction also. It won't hurt your business if you will give it from time to time.
But the impact of such move will be lasting for some, and who knows, such move will give them reason to be loyal at your shop?
Rewards, gift cards, vouchers, discount cards and small freebies are great marketing tools to sustain your business.
It will remind people or customers that you don't forget them. A simple gesture will give you loyal patrons in the long run.

I agree that they could really boost profits from your business. However, I still believe that even if you always do that, if there is no good customer service that is being applied in your business, people will not bite whatever advertising you may do. Customers will always first look on how the employees treat them, if they get satisfied with their services, then they will always follow whatever their advises or promotions they may suggest.

Marketing and Branding is obviously number one. You want an example? Apple iPhones are marginally worse than Samsung galaxies, and yet they are mostly used, why? Because its a brand, its a brand so much ingrained in the minds of Americans that they prefer it by like %90+ margin, sure its closer in other parts of the world, and I am sure in South Korea Samsung is heavily preferred as well, but that is normal because its technically speaking a better phone. Just put down every technical data on a piece of paper, and you will realize why its better. And yet, iPhone is preferred more. Same with MacBooks, its a horrible laptop that nobody should pay that much for, but they do, why? Because of branding and marketing. Do that very well, and get a good looking and good feeling product (can't be too shitty, it needs to be close enough at least) and you can sell anything to anyone.

There is nothing wrong with what you said, maybe the only thing I can add is that we make our customers feel the importance of them in the business that we have, then the quality service should always be lumelevel-up as time goes on. It is also necessary to maintain 100% customer satisfaction and to maintain this, the quality products will also be maintained.
Because if all that is implemented correctly, surely in the near future they will promote your business to their friends because they know how you provide value to them.

One of the major solution to increase profit in a business is to increase sales.  More sales means more profit.  It can be increased through offering discounts, marketing promotions, advertisements and multi level marketing where the business use people to spread the news about the business and offers commission to them.  Making the price competitive also increases the sales which can improve the business' profit.

It is also a great help to reduce the maintenance cost by improving the efficiency of every action made in line with business transaction.  Efficiency also helps a lot if in case for the sake of improving profit we decided to open new branches in other places with possible diversified products.

Look for the demand and do things accordingly. Always use the advancement available with us to create new business opportunities. Never stay down at any moment. Most of the time business failure happens when the funds were utilised in the wrong way and there is no proper audit.

Whether the business is small scale or large scale, there needs to be perfect data and the plan of execution. With business we should always have multiple plans, only then it is possible to improve business. This means we can't be sure of the result, so we can try with the alternate plan to improve business.

With business it takes lot time to book good profit, because these days business along with innovation is a must. With pure business means we should have big capital, as the profitability depends on the investment and so is the risk associated.

Your solution is like everything everyone is saying here, it's very generic, and every business knows this. I once opened a business and failed. I know all the suggestions people are talking about, but the problem is that doing all of it costs a lot of money, and I don't think many businesses will do that. 

We must depend on the circumstances of the business and the amount of capital that the business has... from there, we can develop a specific strategy to help our business survive and grow. There is no single formula to increase profits for all businesses. It is necessary to rely on many factors to evaluate and have a separate solution for each business.

Nowadays new ideas, technologies are being added to the business every day to increase the profit in the business. It is true that there will be some costs but to survive in business you have to offer good products and services to your customers. Without a competent team, your services and products will be of low quality. A skilled team can make a company efficient and sustainable. Low investment concept at first, through which you can also test the market and find the best one before investing in your own products and launching them.

Yes, that's right, our service to customers or consumers is one of the determining factors whether our business runs smoothly or not later. The reason is based on my experience, I prefer good service even though in terms of price it is slightly more expensive. Maybe some people will not care about this, the important thing is that they get quality goods at competitive prices, but for some other people service is one of the things they have to get. In my opinion, the way a businessman serves his customers must really be considered.

I beg to differ on the part I bolded as it doesn't apply to every customer. There are some customers you wish you didn't have because of their irritant behaviour. No matter how hard you try to please these ones, they won't be appeased. Perhaps, OP hasn't met such unpleasant humans. I think that expression is a cliché that rests on idealism rather than reality.

Why would anyone sell below their goods at a loss and still call themselves a business person. OP didn't say sell at a loss but sell at a discount. Selling at a discount doesn't mean selling at a loss. What it simply means is that the business owner decides to lower their profit on the product.

In my opinion, the best thing to increase profits in business is to increase capital and marketing which is getting more massive, currently there are many social media influencers that we can use to advertise our products, and this has proven to be more effective, some conventional advertisements such as television or newspapers also still have performance. which is good so we have to do all marketing tools.

Those are good things you said and those are really major help things in any business we will build. Then the consumers, even if it's just a little discount, most of them are actually happy.

        Especially if the gimmick you will do in business will be popular and enjoyed a lot, it will surely boost your advantage because your regular customers will surely tell their friends about your promos and freebies for all are your regular customers, and I also think that it is also effective for them to have a discount card from your business as well.

For a customer to be treated as king the businessperson if they have staff working for them must invest in training of the staff. In addition, if you have a physical shop space, consider giving it a modern look because most times, customers will return because of the ambience, atmosphere they experienced while shopping.

If some businesses adopt a sort of casino VIP loyalty club model, it may attract more customers and increase sales. casino VIP loyalty club model will be for those customers who buy the most and are returning customers. They may even help to make small customer-shop base decisions. At least you will be getting opinions on how to improve your business from the customer point of view.

Haven mentioned certain key elements on how to keep increment in profit by business people and how to delight their customers for better patronage to their business. I would like to pick on the issue of the small scale shop or business, that it depends on the business size that a business man can be able to take up the decision of giving out rewards and discounts to customers. It can't be feasible for such a struggling business with a scarce space shop battling to hold up. Any attempt to have a discount giveaway is tantamount to ending the business.


On the other hand, the model is undeniably advantageous to large business owners. For customers easily switch to where they get value for their money due to the discount they may enjoy therefore leading to increase in demand and sells for the business owner.

There is no substitute for advertising or promotion for business expansion. Those who can manage the marketing process correctly will also find quick success in their business. However, in this case a decision has to be taken depending on the type of goods by which a trader wants to conduct his business. To manage any business, the manager must possess certain qualities. Qualities that are suitable for any type of business such as quick decision making, establishing good customer relations, having the ability to accept any challenge, having the attitude to take risks, being able to set long-term goals, making realistic plans to achieve the goals and so on. Ability to implement step-by-step and self-sacrificing attitude. When these factors are found in a businessman, he will be able to take the business to a level along with the rapid expansion of the business.

I see where you're coming from. Indeed it is more than a requirement to have a good location considering also the factors, not just the people but also how convenient would it be to reach your store, let alone for your distributors and suppliers.

Also worth noting that I had worked with few clients and you're definitely spot on on maintaining relationships with customers. It gives rumors (good rumors of course) around your business regardless if it is a service rendered business or merchandise ones.

It kinda depends still on what business offers to people. Some business would still remain classy especially for those diner restaurants. I wouldn't ever return to a diner restaurant that just do some flashy ambience just to look "latest". Sometimes the latest design is not really the better one. Look on how other manufacturing companies "modernize" their logos.

To get good business results, you need to look at many indicators, from the quality of goods and customer service to a good assortment of goods. And just due to a good assortment, you can increase turnover and, as a result, profit.

It may take a lot of time to decide on the running assortment, but this is what will determine the success of the business. Service is always important, especially now when it comes to online trading, where every buyer can leave a review and it will be available to everyone.

You are right, and the most important thing for me is. Loyal to customers, providing good quality beyond expectations, not sacrificing qualifications, always maintaining quality according to price.
customer satisfaction by providing quality that is comparable to the price and the best service related to goods or services in business, will make your business promoted by customers. And with customer or consumer trust in your product, and also your product must be of higher quality than others, manage this automatically, your business will grow and also increase profits.
So, the most important thing is the quality of goods and the best service to increase profits and also your business. And henceforth it will go hand in hand with time, but these two things must be implemented or owned from the start.

Customer satisfaction should be the main concern of every shopkeeper, (as you already mentioned), as most of the time when i want to buy something from one shop, they don't even care about you and deal you as a time waster, like nowadays many people just went to shops for example of clothes or of any digital device (smartphone of Computer), ask various questions and at the end, they just make a lame excuse to cover the fact of wasting time of shopkeeper which really make them (shopkeeper) angry.

I recently have an experience of this, i actually went to another city for buying a 2nd hand phone and i almost spent 7 hours in the market, for the first 2 hours i was thinking, shopkeeper will tell me many things about device and will convince me to buy it but, "NO" they were like don't give a *** about a client, they were like you are also a time waster (hahaha) i don't know i should laugh on it or be angry about it, well when i came to know that, i adopted the same behavior as others were adopting and the 2nd day i went again and bought one.

Well as per your query, there are many ways to increase profits, such as;

• Talk nicely and ask nicely, For example, when someone comes to buy something, ask him for water (i know that's not how deals are done in bigger cities but in my area, this happens). Ask them to sit (politely), your good behavior will encourage the customer to come again.
• Show them some discounts because this will encourage customers to come again
• If your store is not online then its a big mistake even if you have a small shop you must use third-party websites for example, Daraz and OLX (only in my region, seek yours), this will your product reach thus more customer will be there and according to your formula "More customers equals more profit"

Further ideas can be suggested but that depends on your niche.

All the ideas you mentioned will really help to increase the profit in the business Not only the satisfaction of the product but also the behavior of the seller many times the customer got satisfied which you have mentioned well.
Now if I had to mention some more my personal ideas would be something like this-

• Make less profit on each product but sell more products
• You can initially hire local celebrities for advertising or promotion, which will increase both your sales and profits.
• Open accounts on online social media platforms and be active in online media as much as you can. And presenting all the business updates there constantly.
• Be aware of what strategies other businessmen are following in other international marketplaces.
• And basically follow the trend.
• Generating creative ideas

I completely agree that customer relations are crucial for any business and treating them like royalty can result in loyal customers who not only keep coming back but also recommend your business to others, which ultimately leads to increased profit. Your idea of having a season of rewards and discounts is also very effective in increasing sales and profit. I appreciate your willingness to share your knowledge and would love to hear more from you or other forum members on this topic.

If you can’t build a good relationship with the customers, surely they will never come back, no customers, no profits at all. That’s why if we can make them feel that customers are always respected and they’re always right, then they will always stick to us and will continue to patronize our products. Discounts and promotions are just additional ways to boost profits, and of course having a lot of varieties to sell, makes your business an all in one shop which will offer more convenience and advantage on part of the consumers.

That's a very good tip from the op, knowing how to treat and attend to customers i believe is one of the major ways to grow a business really fast, this is because, customers are the best marketers, promoters of any business, the power to make a business really big, or to destroy the business is in their hands, this is why every business owner out there must treat their customers well..

As a business owner, if you like, advertise your business on the television and radio station, have your products pasted in every billboard in town, if every customers that have patronized you are not happy with your service or way of treatment, and will not come back to patronize you again, be rest assured that business will collapse in the long run, except something changes before then.

Not always. There are some "toxic" customers and time-wasters who come to your shop without intention to buy anything. You will lose your time and efforts to sell but the deal is impossible as they were not even considering buying anything initially.


Sometimes this works against you too. If you sell items of one or few specific brands, you have your own loyal customers, easier to control stock, do accounting, buy items etc. This saves a vast amount of time and work. The more time and energy you have, the more you can achieve.

Think about it.

Take less profit per product but sell more. That way, you will make more profit in the long run. If you focus on making more profit in a short time, you will lose all your customers. When people see that you are charging them less than others, they will come back to you. But make sure to keep your profits as well. And people like to browse things when they go to any store. It's not about bran or quality, it's about how you display them to your customers. You can keep items in an order so that they can choose what they need and also which is somewhat necessary with that component. People come to stores to buy one item in their mind, but if you can manage to organize your items in that order, then they will pick more than what they require. It's all about mind game. But you need to make them think that they are the one making that decision.
Also if there's competition on which products you sell, be sure to keep premium items and brands that are not available in that area. People will choose them without knowing. Spread your business where those products aren't available widely.

It’s very crucial that we should give highly consideration to the satisfaction of the customers, otherwise they will look for it in other shops or stores. If we can put them as our priority, then they will appreciate and will continue to support our business in return. Furthermore, having discounts and promos will be a huge help too. Customers are easily tempted to buy more when prices are discounted or items are greatly bundled by some other usable products. That way, they will buy more, that will bring more profits to our business.

That is how a business build its reputation: treating their customers like kings, so they will share the word about the business with everyone around them and will surely come back for more. Of course that is not the sole reason which takes the business to the next level, because there is also the quality aspect of the goods and services offered by the house which is taken into consideration by customers.

In my opinion these two factors are equally essential for the success and increasement of its profitability. If you have one, but don't have the other, I fear the business is fated to failure and bankruptcy...

One if the ways to increase profits in business is for us to make sure that we work with the right people that will inspire us to how to make our business more successful. We need to read books and also understand the nature of the business we are doing so that we can always get on the right track. There are people that might have done the kind of business we are doing so it will be wise for us to ask questions from them.

To increase profits in business, you need a competent team, the use of modern technology, diversification, and optimization of accounting. It is also necessary to constantly take courses to improve qualifications. And most importantly, it is necessary to optimize costs, taking into account the current taxation.

Increasing your profit for a business that you are doing can only be achieved when you know exactly what you are doing by making a research for that business so we can't making a return and the following people who knows more than you or who knows better than you or that business I don't think that there is any way that you can make a profit for such investment investment comes with reference

Lowering the profit on the product can be a good way because nowadays people trust the business if they get goods with a little less price. They will go to that business area to buy any product. Besides, they can do the marketing to the customers themselves. They will discuss and help bring other customers to the business. It is possible to get quick profit in business. Advertisements can also be made with celebrities one another good idea for expand the business. Basically in any business a entrepreneur have to give more effort from the beginning, but after a few days there will be signs of success. In any business, if reputation can be gained once, then that business will be get quick success.

Increasing your business is being determined by her own strategies because there's no business that I have a particular strategies that you can operate with and make your money so you can only make you money in business through your own creativity your own understanding your own way of narrating or fixing things together is how you can only get prosper in your own business

The idea that cheaper would be better because people do not have too much money is a wrong approach. You need to make a durable product that will last for many years, as many as you possibly could, so that people would spend premium amount of money but will not have to buy it again and again. Anything I buy, I am willing to spend double or triple amount of money as long as it continues double or triple amount of time as well. I would rather spend 3000 on a thing that lasts 3 years instead of 1000 on something that lasts 1 year. Why? Because that 1000 thing will become 1100 or 1200 or even 1500+ in my nation in a year, whereas when I buy it for 3000, and it goes for 3 years, that means I did actually pay 1000 per year for it. Like my phone, I spent 3000 lira for it 5 years ago, still durable, still doing fine, today, even after 5 years, I can sell it for 10000 lira, because inflation is disgusting here, what if I bought something worse and had to change it now? That is why nothing cheap is actually cheap, if you are poor, buy something premium that will last you much longer so you could spend a lot less overall.

In order for you to increase your income in business, you need only a small margin or profit for each sale you make, and you should also have freebies or promos that will make them feel like they are winning when they buy your goods, but they don't know that you can also earn money there.
And above all, customer relations should not be lost because it is very important, or you will have a raffle draw.
This is what is often seen in other grocery stores, restaurants and so on. But what kind of business are you talking about?

Increasing the profit in business is possible out of one's own dedication and the innovation he/she had added to it. We can see good number of businesses all around and the unique one used to be discussed among the friends. This can be food industry, cosmetics, automotive, exchange, anything. Also the unique ideas incorporated into business bring free promotion. This itself a big advantage. In most of the business the spending on promotion used to cost a lot. So, in each and everything we need to be environment friendly as well as it needs to be unique. Even after this we were able to see failure. We shouldn't go down on such circumstances, we should have the confidence to grow up high again.

We are living in a digital era, so social media marketing is obviously the most important aspect of a business. Digital ways of promoting your business along with traditional methods of advertising through billboards and banners will generate great results. Most businesses these days even focus on online selling their services and products.

Having more alternatives for providing your services and products to your customers gives you an edge over your competitors and puts your business way ahead in this modern era where businesses find it difficult to survive.

We need to do promoting or anything that can make our product popular some business stablisment uses social media facebook,tweeter, vedios to promote the business products etc., Social media is the ways for today's generation to increase the costumer and at the same time increase the profit. Because more customers more sales followed by more profit.

Good customer etiquette is essential in any business. Because if you show love and respect to a customer then that customer will buy everything from your store later. Customers will be attracted to you by your behavior and will attract more customers to you. A lot of new customers will buy products from your store if you offer occasional discounts to give special incentives to the customers. And if you do business in this way, you will not have to look back in the future, but your future will move forward. There are many other tips on how to do business with self-esteem and attract customers to a business owner.

One point that stands out in this topic of how to increase profit in business is the power of advertisements. Be it giving excellent and delightful services to customers which will make them to advertise your product to their friends, who in turn will patronise your business and increase your profit. Or the most powerful of them which is social media. Be it Google, Facebook Instagram or any search engines gives businesses the widest reach, in terms of connecting businesses to customers anyway in the world.

We should remember that good product sells itself, so we should try to be promoting genuine products. Because people will build trust in our business and we will see our profits flying higher.

I do believe customer - owner - crew relationship should always be the priority if you want a successful business. But it is a different era now especially if you are selling thru online and deliveries too. It's difficult to create that kind of relation when you don't even see them daily/weekly/monthly unlike how it was before. So a business owner must also create ideas on how they can strengthen that relationship to keep them from purchasing from you.

Events are good, discounts, rewards, whatever we could provide to entertain more customers or the customers themselves pulling another to widen your field of marketing. Give them what they want and listen to their suggestion. Try to input it as much as possible and see to it that they will realize that you applied their suggestions.

One of the main things about business is rivalry, the profit business gets is always only a part of the overall profit in the business field. So the best way to increase profit is to be up to date with what rivals do, and try to do better. This is not only about quality (quality is for sure an undoubtable thing which should be under strict control of the business owner): also ad campaign, and the other features essential for attracting customers (good positioning in the streets and in media) should be not worse than those of the rivals.

Currently, the successful businessmen are the businesses based on online platforms, because these businesses are now expanding a lot. Customers can now buy all the products online according to their preferences and needs. To be successful in business, you must provide good products to customers.Now is the age of updates, so try to keep updated products in store all the time.  Select the quality of the product and sell it. When the buyer gets a good product from the seller, that buyer always buys the product from that store.Avoid any dishonest practices while offering discounts or rewards at any events.

The title of the thread seemed misleading when I read your content. The title seems to be asking how to increase profits in business, but instead you wrote some advice for doing it.

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You are right, I can justify it because this kind of business has become a new trend among resellers. Instead of renting a shop to sell their wares, they choose to supply goods at home and sell them online. This business is very profitable and many people have started it. This is something that developed during covid and continues to interest traders today.

Each customer only needs to pay in advance for the goods ordered, or can also pay at home when the order arrives (COD). The problem is that some sellers sometimes try to deceive their customers by sending goods that are of a different quality than those sold in their online store.

Advertising and building brand recognition are two of the finest ways to increase your revenue. People become more familiar with your goods or services when you invest in marketing your company. Even better if you can use something distinctive to market your company. Like a tagline, a product, or anything that makes a company's identity obvious to customers. You will make more money as more people become aware of your company. But do not anticipate making a lot of money after a few days of advertising. It will provide you with a good ROI in the long run after a few months.

Increasing capital and marketing efforts can definitely help you (as a businessman) to increase profits. Those are fundamental basics in today's market rules.
One last additional note about investing in employee training and stuff development can also help increase productivity then ultimately profits.

I don't have a business, but treating me right while in their shop makes me come back later on. This was really similar to when I first built my PC. I was just going to buy parts, but because they made me an offer that was really good to me, I was able to build my first PC in their shop, and they thought so too. So also on my second build, that is also the same thing they do, which is why I advertise them mostly to my friends, as they always ask for my recommendation on where to buy parts, which they are really thankful for. If you treat your customers like this, you will sort of have a free advertisement, and this kind of strategy could really attract more customers to your shop.

No offense, but this is something everyone knows, as long as there is a lot of money, anything can be solved. Most of what people are discussing are just general ideas, and we can find them on the internet.

In my opinion, if we want to increase sales in our business, we need to identify at least the challenges facing the company. From there, offer solutions suitable for the company's size and in accordance with the costs the company can spend. We cannot apply the solution of an enterprise with a charter capital of 1000 billion dollars to an enterprise with only a few tens of thousands of dollars in charter capital.

Your tips on prioritizing customer relations, offering rewards and discounts, and stocking different brands of products are all great ways to attract and retain customers, which ultimately leads to increased profits.

Another idea to consider is to constantly innovate and improve your products or services to keep up with changing customer needs and preferences. This can also help differentiate your business from competitors and attract new customers.

Additionally, investing in marketing and advertising efforts can help increase brand visibility and attract more customers to your business. Utilizing social media platforms and other digital marketing strategies can also be effective and cost-efficient ways to reach a wider audience.

Overall, there are many strategies that businesses can use to increase profit, and it's important to continuously explore new ideas and adapt to changes in the market. Thank you again for sharing your insights, and I hope these additional ideas are helpful.

by providing a high quality of service and also food you provide  can surely attract more customers especially when give them satisfaction of what they really want, the consumers will always come back when you treat them right and make them feel welcome as your regular customer and that's the time they will give feedbacks which it will give a very big impact for your establishment to be well-known.

In addition to quality, you also need to consider price. Quality products are expensive, so you risk losing middle-class customers. You should try to make products that are relatively high quality, but more or less cheap. That way you can capture as many niches as possible.

There are so many ways to generate profit in business, it all depends on the individual and how you set your goals, you can try something different from what you have been up in you line of business. You can increase the number of items you sell to your customers, make your goods to be unlimited.
By continually seeking for a way to increase/raise the prices of goods without scaring away your customers or to lower the cost of product without decreasing the quality, you can generate more profit per sale.

Consider the competition in the market is so tight since businesses evolve so you need to adopt the changes especially on technology. If you cannot  adopt then your business will die. So business owner should try to expand online and market their products globally since we know how strong the social media is. And if they adopt the current situation they might reach to more audiences which can be their potential costumers.

That's true, everyone is a potential customer, sometimes a customer pays much more money than you initially expected from them. The same problem, unfortunately, happens with rivals... Sometimes a company, which seemingly has no interest in the business field becomes the main rival. This is especially a trouble if such fast-appearing rival is a rich company with tendency to monopolize everything.

I think being rivals to someone does improve the quality of the product and lowers the price so it is definitely good for the customers but not great for the business. It means if you build something that has no rivals at that point (but will have many if you succeed) could become a better situation. Think about it this way, if you could create a new product that nobody else has, that means you are the only one, and you can charge anything you want, and that's the greatest thing that a business could have.

You could get it made for 20 cents and sell it for 20 bucks because there is no competition. If there is a competition, you may end up lowering as much as 50 cents or lower. This is why trying to find a place where you have no competition could actually work wonders for you.

Re-evaluating your product and services line on a regular basis should definitely be part of any successful business strategy. For example if you've got ten product lines but 90% of your profit is coming from a single product, then it might be worth ditching the other 9 products and focusing all your efforts on the most successful one as boosting that will bring much higher profits and you'll not be wasting time elsewhere.

The problem is looking for a business with no competition for now I think it's quite difficult and even tends to be impossible because the benchmark is when we create a business with a new idea, it's really good and there will be no competition but it's only temporary because it's clear if
progress If we do well, it is certain that there will be others who will follow and become competitors.
That is a certainty I think because indeed business people clearly know. apart from momentum, another thing is to compete with existing business.
Competition will continue to exist and even be said to be rivals for now. An example might be from a drink about Coca Cola or Pepsi or from another angle like Samsung and Iphone for gadgets.
Conditions like that will continue to occur even if we create new ideas because business people always see potential and this is where the role of business management is needed.

Customer satisfaction is what makes a business grow but then that should not be at the detriment of the business's success and revenues since those are the things needed to keep the business running, so I agree with the fact that business owners shouldn't allow the quest to gain more customers lose the revenues that suppose to run the business.

Ops have done well to outline several business techniques but then he has not done an in-depth analysis and differentiation between physical business and online business such as a trading asset on the stock market such as bitcoin.

Did you read the OP very well? Here, the OP is referring to how business owners can make money in business and not about customer profits. If you are a business owner or have a business idea, then you should know how to maximize profits in business or possible ways business owners make profit. Making profit in business has to do with a lot of factors, like customer relationships, according to the OP. Also, price regulation and customer loyalty play a good role in helping a business owner make a profit. When a business owner sells something cheaper than their competitors, they will sell it off faster and buy more goods than their competors will do, and when a good customer relationship is maintained to win customer loyalty, you are also open to making more profit.

@koleusdat, read, read, and learn. Cheers 🥂

We can only increase our capital if we have extra money. If not, don't attempt to take a loan, sell your own items, and do other unwanted things. We can put more money in marketing to reach out more audience but what's next after that? Customers won't still avail your service if they don't like what is being offered there.

I'm saying that before we pump more money in marketing make sure that the service we offer is already at its greatest condition that we are sure that each customer who use it is satisfied and keeps on coming back. Not all people uses the internet or browse social media daily so other forms of marketing is still needed.

This sounds a little bit off but one of the best ways I know to increase profit in your business or in any business is to treat customers the way you want to be treated. Imagine walking into your business place as a customer, how would you want to be treated right from the car park? Most business thrive on referral and is only a customer or customers who have been treated with maximum respect that would leave happy and satisfied and come alone with a someone on their next shopping. Ask, yourself, if i were a customer at my business place, how would I want to be treated?

but i do not agree with you, taking a loan is not bad as you said. in a business economy there is a fine that you have a loan. you need to make a proportional amount regarding asset - liability - equity. Business needs to concern about Debt Exposure this ration is concern to the relationship between assets and total debt

I am very impressed with your good thoughts, we must provide the best service for customers as we are served by business owners, the service factor is very important to attract customers because they feel comfortable shopping at your place of business, they feel very prioritized to provide friendly and business services you will be promoted free of charge from customers to other buyers.

A good business plan is key to succeed in business. Because if you fail to plan, then you plan to fail. As you have noted, a business person needs to build an effective business strategy that has to work, in order to maximize profit. A plan which must include extensive marketing of the goods or services. I say this because popular brands like coca cola, still advertise there products despite people knowing and consuming the products for decades. I used to Wonder why, until I was tutored that out of sight is out of mind.

Experienced, plan, capital,product, etc., There are a lot of ways to increase earnings in business, i am not a business man but if we think about business we need a experienced the most important os the capital and the product we sell, because if we do business but our capital in from lending and we need to pay interest maybe our business will be loss because our profit will be drain by the interest so for me capital with a good product can make a profit.

     It depends on the business you will do if it is categorized in food, sports accesories, Furnitures, Clothings and others. It's often because of businesses that make money because of discounts.

     Because the impact of the discount is different when customers see that they are always the winners, so they immediately enjoy it. But the truth is you are still your business of course. For example from 20%-30% that's a big deal for prospect customers to be honest.

I do agree with you and I've always been on the opinion  that customer ls are always right and in myocardial community  and country at large,  it is a common phrase that customers are always right.
People should always have a customer friendly attitude  especially  if they have the future of the company  or business at heart and they should always know how to address their customers no matter angry they might be or the manner of approach of the customers.

Another thing us to always ensure a clean and safe environment  as this is one area we truly shouldn't  over look as cleanliness  of an environment  truly matters lt to me and it most times determines my patronage at that very enterprise.

Some business should also learn good and proper  customers serve and try to also study the mood and condition of their customers  and if you get a customer how must have walked a distance or under the sun, a chair first should be offered and possibly something chilled should be offered  at least to get their customers relieved of the stress.
(Just my opinion  and judging from my country's  side of  view. )

Honestly speaking, that phrase (customers are always right) sometimes has been used to abuse business owners, I don't think because customers are always right and you have to make sales or should I say profits it gives customers the infantry to speak ill to someone who's trying to make a living.
Sometimes in other to make profit I just feel both customers and business owners should try as much as possible to understand each other because without the customers the business won't grow and without the business owners there won't be any goods to sell so by understanding these "Customers are always right" won't get into the heads of the customers especially the rude ones. I just feel there should be another phrase that favors the business owner(s) too.

Increasing profits in business there are many strategies, of course there are 2 most important things namely increasing production and increasing sales, if these 2 things don't exist then it will be difficult for us and can make consumers disappointed, many people focus on increasing production but they are not supported by good sales so what happens is that costs continue to increase because they have to store production results.

Promotion is an important factor for business profit. The more you can promote your business and the better you promote your brand to people, the more likely you are to make a profit in your business. Because as the saying goes 'first the seer then the judge'. Another important thing in business is saving money. You remember a penny saved means a profit increase.  You must work with honesty, dedication and hard work in order to increase profits. The things you spend in your business should be focused on cost reduction. One should be aware in buying virtues and buy them on the advice of experienced people. Only then will it be easy to earn profit in the business.  But there will be ups and downs in business.

Personally, what always brings me back to any business is the way I’m received and treated. So I guess hiring the best staff that actually knows how best to engage with customers is really important.
The customer is king alright. But that doesn’t mean you should bend over to satisfy just any customer. There are some rude customers that aren’t worthy of respect and shouldn’t be treated as such.

One good way of increasing sales is to honestly advertise your products as well as letting people know where your business is located at. Rewarding your loyal customers is also a good way to go by giving out discounts and promotions that will further draw new customers but you should be careful as to not run at a loss giving out discounts.
You wouldn’t want to forget your first priority when going into business which is to make profits. Finally, you should always keep track of your business finances which entails keeping your bookkeeping precise and up to date.

there are many ways you can do to increase profits in business and promotion is the most important factor to introduce our business to market share.
but that all goes back to the business that we will be doing, sometimes there are indeed some businesses that don't really need promotion but with other marketing methods to be able to increase profits, improve quality for example or other things that drive it all.
but in essence, there are many ways that can be done to increase profits and it all depends on the market itself.

Currently, many social media influencers offer collaboration, we can use this to increase profits in business, from research, many experts say that advertising using social media influencers is more effective than advertising on TV, Google ads and so on.

I think the number one thing in business is the trust of our clients. I'm sure they are the fields of the profits we get. if we waste their trust it is tantamount to destroying our business. we must be responsible for completing tasks from clint as best as possible to make him a subscriber in our business services. if I could suggest the main thing in business in my opinion is the trust of the client.

Market research is needed to see what interests the market currently needs. so it's not difficult when we build a business what we sell to clints. Furthermore, satisfactory service is so that Clint is more confident with us. The third is client trust especially those who have often done business with us. these three things are so important but it's not so easy to run it.

improving services to make them trust our business more is the best way to attract clients and make them regular customers in our business. we can lure them at a lower price at the beginning so they can feel how the benefits of our business are. once they are comfortable we can offer more profit but with greater profit for us. it's better to try.

As for social media, it can definitely be a valuable tool in promoting your business and reaching new customers. It's important to choose the right platforms for your business and create engaging content that resonates with your target audience. Consistency and authenticity are also key in building a strong social media presence.

In order to increase the profit in the business, firstly we need to increase the awareness of the business and secondly we need to attract the customers towards our business and gain the trust of the customers towards the business. In the beginning they have to sell products at low prices. So that they understand the benefits of our business. Some discounts should be given on various products to attract them to our business. As a result, our regular customers will tell their relatives and friends about the various benefits of your business and later they will also come and purchase products from you and you can earn good profits from your business. Again, advertising and taglines are one of the best ways to promote your business. You can make posters of different products of your business and put them in different places. So that others can know about your business. There are many businessmen who advertise their business products on TV media. You can also advertise your product on TV media. As a result you will gain better acquaintances. Alternatively, you can use tag lines. Put your own tagline on each of your products. This will increase your business exposure. People will know about your business, your business will be visible to everyone. Along with this you can earn good profit, earn a lot of money, and you will be very profitable from your business.

Yup. That's true friends but, in my opinion Focusing on the two main strategies, namely increasing revenue and reducing costs, is enough to boost profits in your business While it is true that there are other strategies that businesses can use to increase profits, such as increasing efficiency, investing in new technology, or diversify product offerings.

These are two fundamental approaches that can help a business become more profitable and I think that way you can increase your profit margins and ultimately increase your overall profits.

It is good to stock close substitute of every product in your shop, meaning different brands of the same product. So customers can make choice  depending on price or preferred brand. I know from experience in business that customers love making choices. They will prefer to go to a shop where they will see varieties of the type of goods that they want to buy. The customer is happy and the seller is selling and making profit. A win win for everyone.

The main thing is to be able to compete with rivals successfully. Some rivals have much money from monopolists, so they can create many problems for beginners. The other problem is the existence of possible and hidden rivals: business projects which are initially don't have interest in business field, but while performing market analysis they discover that a business project of other specification is actually a rival (for example, at some point game console manufacturers can discover that restaurants are their rivals, since many people spend time and money for restaurants instead of spending time and money for video games).

Totally! Mastering customer engagement is the secret sauce in any killer business. It's like a high-stakes poker game, where staff must play their cards with flair and charisma! Hold on, though! Cater to every single customer's whim? Nah! Sure, the customer's king, but some kings are jerks, unworthy of our adoration. As they say, "You can't win 'em all, so don't bust your chops trying!"

Let's dish about sales tactics. Honesty? It's huge, folks! Flaunt your goods, show people your treasure chest. And rewarding loyal customers? That's like showering them with magic unicorn glitter. Deals and promos, like sparkly gems, lure new folks with their irresistible appeal. Just watch out not to become a bargain-hurling sorcerer in debt! Profits? They're the lifeblood of any business adventure. Don't forget your numero uno. But hey, managing finances is like nailing a high-wire act. Keep those records tight, buddy!

The most effective ways to increase profit in business is by increasing the sales of the company. This can be achieved by increasing marketing efforts, and improving the quality of the products and services that the company offers. Reducing costs is another way to increase profit, by reducing the unnecessary expenses, negotiating better deals with suppliers and optimizing your business processes. You can also consider an increase in product and services that can help out to increase in profit. To increase in profit it is to have a clear understanding on the business financials and habitually monitor and adjust the marketing strategies based on the trends and the feedback from customers.

put trust in the client first. because when our clints believe in our business they will become customers and even become relationships that will attract many people from their friends or network. it is possible that among the clients of our business we have many friends who will help us grow our business and increase its profits. apart from trust, try to manage business finances properly, because it affects how our business is built to last a long time or collapse soon if it is wrong to manage it.

 Well, of course, the first thing to do is to increase the volume of customers. But how?

 - understand the needs of the people around you
 - good services must be consistently given to them
 - business visibility -need to spread awareness (social media)
 - affordable price

All of these things may help but should have to be more engaged in your business as well and if possible, must ask them a short feedback as this helps to address what is needed.

It's true and we always listen to this advice when starting a business, that treating customers like kings is the best way to keep them coming back to our business. Although this connotation is now less practiced because people have tried to just flow in the business they are running and the convenience of shopping bonuses is a substitute for now.

Currently, both business actors and customers rarely pay attention to this connotation, perhaps talking about a culture that has shifted slightly, where equality between business actors and buyers is considered the same. On the other hand, business actors pay more attention to bonuses and promotions as an effort to make customers feel satisfied shopping at their place of business.

This applies when you are already running a business and the process for taking care of customers is something that needs to be packaged properly. But when you just want to start, the steps that must be taken are to make a survey of what businesses are suitable for us to develop. Because not all types of business get the same place and it may be that in certain areas the business is not suitable and we have to think of another way for the required business format.

I quite agree with the opinion that you put forward, because indeed every business that always needs more customers must be able to provide perfect service to every client who comes to the place where we do business. Even though the client has only come once and is a new client, the business owner must be able to provide better service so that the client can feel more comfortable at our place and wants to invite his friends at another time to our place to hang out together.

Usually such a strategy is very often used by cafe and restaurant owners in attracting customers so that their place can be more developed and developed in the not so long term, so the effect that the business owner will feel is also very large because the business owner can open a restaurant. more business branches in other places when his first business was more advanced and developed very well. And in terms of managing finances, I think it should be better so that businesses don't go bankrupt in the short term.

I doubt that.
I don't know about the TV but Im sure social media influencers are not better than Google ads. Social media influencers only promote your business to their audience. Their audience may not necessarily be your target market. You have to take a lot of time to know which influencer has an audience that is also your target market. This is getting more difficult because few influencers focus on a particular market. These guys take any job that comes their way. Another disadvantage is they can influence products that are your competition. Then let's not talk about the fact that they are relatively expensive.

Google ads on the other hand are less expensive and also appear to more people. Plus, it goes straight to your target audience. For a business, whether it's an online or offline store, google advertising should be up on the list before social media influencers.

To increase the profit is also to increase the number of assets don't limit yourself to just one source of income and stick on it with just keep yourself making savings because you are afraid to the business and investment, in life and reality the people who have the higher risk takers have the chance to win in life because they experience a lot of failures and capabilities to adopt and what to prevent, people getting rich they know how does the market move, how to adopt in environment, what peoples need and keep risk to invest. Keep proper money management to prevent lose on the track on expenses.

Looking at some of the answers, I also have some personal views related to business on the basis that I have also built a personal company. The first thing that I think is reshaping what the business is aiming for in what field, it always has different issues like competition as well as the potential to exploit that field. And then go to things like products, customers, operating methods, marketing, management, ... each a little bit but it all contributes to the entire development process of the company enterprise.

It is possible to make a product known to people very quickly through online advertising. So usually different business organizations choose different popular channels to highlight their products in front of people which channels are usually watched by people more. In this case sports based channels are given more priority for advertisement. When advertisements are broadcasted on sports oriented channels, people get to know about the full and slowly the market value of that product increases. This is how businessmen earn more profit by promoting their products.

Some creative thinking needs to be employed to increase business profits. First, when hiring people in business, you need to hire smart people. People with good speech and good body should be recruited. At least two to three offer systems should be launched in a week. You need to organize a lottery among all the customers who will buy the product from you. YouTube channel should be posted on Facebook and various social media products. Always treat every customer politely so that customers are attracted to you. If the business can be done in this way then of course the profit can be increased by selling the products in the business.

Yes and of course some people those downfalls of their business and failures they take it personally like they have in mind "maybe I'm not suitable to run a business" mindset. That's why taking a risk in a business is considered as a win-win situation where if you've success then good for you, but in the case that you've failed then you could learn from your mistakes and improve yourself. Find the reasons why you failed, learn more about running a business and attend some seminars even in the internet. But from me, I've also experienced that thought if I invest it might be gone for nothing, but it was changed when I took the risk. You could find more opportunity if you act than overthink that you will fail.

Competition is what we are going to face in business even though we add the first person to start thag kind of business. People might see that you are making good profits and they would want to join the trend so that they can make money too. Ability to define the goal of our business could make work easier for us and could bring over night success to it. Maintenance of high standard in business is what some persons are lacking, because people like to see quality in the service they are getting which is what would differentiate you from the rest because of the quality works you deliver.

Always look for approaches to do better and learn from your mistakes. It's difficult since you'll have emotional issues, but if you're weak and soft toward your mistakes and failures, there's no way for you to make things better. We should never stop trying to find greater opportunities to seize and should never be satisfied with just one source of income because we never know how the future may affect our business. There's no such thing as a perfect and successful business. We will come across trial and error period so we must be always prepared to conquer everything with grace. Competition, unsuccessful sales, and a lot more could be our business challenges so we should always be firm in seeking for strategies to grow our business.

You're correct about toxic customers who just walk into a shop without any intention of buying anything. I personally treat all my customers with utmost respect, because there's no way of knowing a serious customer unless when you're attending to them. But if I'm convinced that they've come to make trouble, I'll politely ask such a person to leave my shop. Stocking specific brands works for big business people, but small business people like me sells more when we stock different varieties of brands that customers can choose from.

For business people in general, they must treat their customers in a very polite and courteous manner so that customers have an attraction with the services we provide for them. After all, whether a customer is serious or not when shopping is when he starts asking questions and tries to respond to the service we provide for him, so the main thing is to keep serving before we invite him to leave after knowing that he is just playing around to make trouble.

I think you have also implemented a very appropriate strategy in this regard because for small businesses it is better to provide more brands as choices for customers. Because we also don't know what brand a customer is looking for, so providing more brands that are well-known and widely chosen by customers in general is a pretty good strategy to attract more customers to our store.

Your opinion is correct but I think in this way a businessman have to spend lots of money for promotional expense. Local level may not require much money but whenever going to national level he has to spend extra money. If one is thinking of making a big organization then he must advertise on TV media along with other advertisements so that everyone will be able to understand his products  and at some point his business will expand. No business will ever succeed if not advertised. Because the need for familiarity is high in competitive business.

There is a good way to increase profits in business, and that is to increase sales through enhanced marketing efforts, product or service quality, and customer satisfaction. Next comes the expansion of product and service offerings, as well as the discovery of new markets or customer segments, which can open up additional revenue streams and drive growth. In addition, you should also study the financial situation of the business and regularly monitor and adjust marketing strategies based on market trends and customer feedback before making decisions. Insightful and adaptive to changing conditions to maximize profits.

And customers will only trust our business if they are satisfied with our customer service. Other than that, if we are selling high quality products at its low and affordable prices, that will also let them stay on our side supporting our products. And with high incentives and good promotions existing in our business, surely they will find no reason to leave us and find their satisfaction in other people’s business.

Agree. Online advertising is one of the effective ways to make a product more widely known by the public. Moreover, if we advertise it on popular channels, people will give more attention. In this way, we may have a bigger chance to spend more on the products and we probably get more profits. However, it should require big money, so we have to analyze how big the potential profit in more detail. We may try to advertise it on an average channel first, don't hurry to advertise it on popular channels. We need to evaluate the response from the market (people's response). If it brings big impacts, we can decide to give more allocations for advertisement and we can try advertising on popular channels.  ;)

As a matter of fact, customer relation is another form of advertisement organisations do not really understand. It takes time to build but does not take much time to destroy. That is the situation organisations finds themselves when they fail to get a good customer care service. The way your customer service respond to customers determine how fast your business can grow. To every organisation, every little complaint from a customer is very important because it makes them amend of their minor errors and keep them abreast of time but when you decide to ignore the insignificant or minor complaint of a genuine customer, to them it means  you do not see them as anything and therefore their observations and inputs does not matter and that is final for them. Mate if that be the case, your organisation is doomed forever because they will stop every contact they have given to you from patronizing your services.

If your must win the hearths of your customers then build a good customers care services.

Yes that's how you will get more profit and money in business. At first when you are just starting it is very hard to create and build business that is unique and profitable for long run. I experienced it with myself it it hard, but when you used to it you can properly documented all of it and make sure to bookkeep all your assets and expenses so it will be easier for your to see if you are gaining a profit, and the next thing you can do is try to diversify it and try another business that will fit to your interest and will satisfy other people attention as well.

Marketing is the major factor that helps in better profiting from the business. Adding more and more choice of payment and some discounts is a way through which new customers can be attracted. Best thing is the word of mouth spreading. For this to happen we should have our unique product/service, which means our service can't be availed by any others. If someone after using the product/service will share their experience to their close ones. This surely tempt the second person and the person's satisfaction is a must to reach the third person and this continues.

These are correct.

It shouldn't just be marketing but also quality and consumer's happy feed back which on how you're handling them. When these are into great shapes, you'll get repeating customers and they might even comeback with a referral so that's a plus in profits.

If there are budget constraints, there's a need to be consistent on your marketing if it's effective. It's true that there's always the dynamic in how the tech goes as you use them in marketing.

That's why you also need to continually learning it.

If you're building a business and don't know how to start, I'd recommend looking to advisors for the best solution instead of asking everyone here. There are no economists or entrepreneurs here. Honestly, I think you can easily find these answers on the internet as this is general knowledge, not a personal experience given here.

I agree with you, in summary excellent and delightful services matters in business. A satisfied customer will market your business and product free of charge to to others. As a business person I have a lot of experiences about new customers telling me that it was x or y customer that referred them to my shop. The reason why most of them buy from me is not always because of the products, because they can get it from another shop, but because of the way I treat them. I have a philosophy that customer is king, and I treat them as such, and it has been increasing my sales over the years thereby increasing my profits too.

creative, the skill to attract customers is the main thing to pursue in social media, because having social media doesn't necessarily make people interested in our business. many people complain because social media for marketing is lacking to attract people to become customers, of course there are deficiencies. don't make regrets or social media benchmarks enough. but this creative skill comes first and don't get discouraged easily because the process isn't as beautiful as we imagine

I'm sure everyone now seems to believe and agree that the best service provided by resellers or sellers will make customers come back to your store. I believe this is one technique that every seller needs to implement if they want to have repeat customers. I can take one example; a clothing store will have loyal customers who will return to shop at the store if the seller is friendly and serves his customers well.

Good service will keep your chances good to generate stable turnover every month. There are several stores that can adopt promo or discount strategy, it really depends on the type of goods you sell. But of course the best service is the most important.

In my opinion, the thing that must be done to increase profit potential is by market expansion, without market expansion, we will find it difficult to make profit, many strategies that we can do for market expansion, the presence of social media and influencers can be used as a brand ambassador so that it can increase sales.

Profit in your business totally depends on your services and strategies that your using.  If you are providing good services to your customers your business will expand and you'll have profit .
Now in today's world people are attracted towards innovative things and fancy offers so for good business these techniques should be kept in mind.

Obviously market expansion is done to grow your business and generally the maximization of your profits. But a small business that’s just starting up can’t just afford to expand. You can’t possibly expand when you’re small, struggling and yet to fully stand firm to compete fairly with other businesses out there.

Social media and influencers are also a way to increase sales but like I stated earlier, a small business just can’t afford any of that. A startup most likely won’t be able to afford to have on its payroll a brand ambassador as the business owner would probably still be trying to build the business and would need a whole lot of capital.

I am not a business person, but when acting as a customer. I am willing to spend more money to buy a more expensive product than another store as long as the service attitude of that store is good and after-sales services such as warranty or repair are more dedicated. And of course, recommending to others is something that I definitely will do.
Discounts or promotions will almost attract a lot of people because everyone wants to save money, but if the attitude is not enthusiastic and disrespectful to customers, the tricks to attract customers will not last long.

Sometimes customers spend money not only to buy products but also to be respected. Today, most of the products are not too different, but to retain customers, the style of service plays the most important role.

I am sure that first of all you need to provide high quality products if you are a manufacturer, in this case, if you have a wholesale. But if you are a retailer, then you absolutely need to maintain a high customer service and also ensure that the quality of the products is at a high level, because the best service will not help you if the customers will complain about poor quality. You can also think about increasing the range, and preferably high-margin products.

I agree with you. When the buyer comes to the store, the seller must serve him in a friendly manner and not be rude. That automatically makes the buyer feel comfortable and want to return to the store to buy. Discounts and gifts do have to exist for a moment, to attract the attention of buyers. Because in general people like something cheap and festive.

The price of merchandise also should not be too expensive. Better not too expensive but sold. Rather than expensive, it doesn't sell.

Well said OP but as we all know is always customers are always right, sometimes they're not right, they just take it upon himself as there right to get what they want. If we use those logic our business won't grow as we expected, firstly we have to set up a principal that would be fine for both we the business owners and the customers. Being more friendly with them {Customers} will make them come back with other customers to patronize the business owner.

Without proper planning or organization, making money can be very stressful and difficult than we think  with these I feel it can help out in shipping on more profit, these 4 key areas that can help drive profitability in a business;
1) Reducing costs
2) Increasing turnover
3) Increasing productivity and
4) Increasing efficiency.
You can also expand into new market sectors, or develop new products or services.

Product quality is not an issue for retailers because to sell, we need to sell popular products, have a variety of models, and most of the products will be the same in all stores. What customers care about is the competitive price and the services that the store provides. I agree with many of the comments here, customer service, as well as service attitude, will be the key to ensuring the store's revenue.

Another thing that I don't see people mention is that the store's location also plays a vital role in the business. We should have a cool space, close to crowded residential areas as well as places where people often pass by, thereby attracting customers with traditional advertising means that are also effective.

a strategic location is indeed one way to increase turnover, especially coupled with taking advantage of today's technological advances where there are many social media applications that can be used to increase sales. after that, many resellers will arrive so that the products we have can be widely distributed through resellers, on the other hand, apart from getting more turnover, we can also provide business opportunities for resellers, especially if there is a limited time flash sale promo, of course there will be many people who actually don't need it until they finally buy it

Buyer is King. Indeed, each art in running the business and development. Yes. Ethics and service are basic assets that are very helpful in providing services to our users. and this is indirectly expressed but felt and if it is convenient they will help campaign our efforts by word of mouth without having to pay for it.

First you need to switch to one language and agree on the basic concepts:
Income - all cash receipts from core activities (sometimes non-core is added)
Profit is the money left after deducting all expenses from income.

Arithmetic tells us: To increase profit it is necessary:
1. or increase INCOME
2. Or reduce COSTS
3. or 1 + 2 :)

Accordingly, continue to think and look for ways to achieve the goal. Income, additional, yes, it can be increased by increasing customer loyalty. For retail stores and the FMCG sector, this is a good way to go. Plus, users of such networks tend to carry targeted advertising to their friends/acquaintances/neighbors. People call it "word of mouth" :)
A loyal customer is the backbone of a business. But there may be other ways to increase revenue and reduce costs. For example, a reduction in the purchase price, a reduction in logistics / rental costs, tax optimization, a correct bonus system, etc.

As you said to increase profits indeed discounts on goods are something we must do to get many consumers, and they feel given a very extraordinary bonus in our place and for sure they will definitely invite others to buy at our place, if we want big profits then the capital we have to spend must also be large because with many goods we provide customers will be more frequent To visit our place because all the needs they can get in one place is indeed the desire of every consumer, and most importantly we must be friendly in serving every customer so that they feel at home when shopping.

In my opinion, to increase profits in business, we must be brave to spend capital, many people want their business to grow but they don't want to spend capital, for example replacing production machines that are no longer effective, improving marketing strategies and so on.

Personally I store different qualities of products brands, so when a customer asks for a brand and cannot afford to pay for it, I'll show another brand that is within the range that the customer can afford. Although I make sure that the customer understands the quality differences and allow him to make the choice of buying what he can afford or come back another day to purchase the other brand.

So in essence a retailer can sample high and low qualities of a particular type of product by different manufacturers, so that customers can decide on the quality that they want. Most times the choice of the product to buy depends on the purchasing power of the customer. But it is very important for the seller to be sincere and let the customer know the different qualities of the type of product that he wants to buy.

Lastly to maximize profit in business, the seller needs to stock more of the products that sells more. So far the customer is aware of the quality that he's buying.

And what you mentioned is based on money and relationships, I understand the problem you mentioned in developing the product of the business. But the problem here when you only look in a positive way and rely on other people's formulas and haven't really experienced it, then everything just stops at the level of theory without experiment. Just like the investment environment I get really sick of hearing advice from what people say is an expert or an entrepreneur, growing a business or getting a product out there really has a lot of avenues to follow. Different approaches, but experimenting with its application on each will give different results. So I want to talk about looking at the root problem first, looking at your current limitations before figuring out how to make it popular.

As a real business owner, what you have in hand to start your business is what's called capital. Capital is not just money; landed property can also be referred to as capital. So when you have a mapped-out business with an estimated capital, those capitals are not budgeted to be left in the business possession for decoration; they are to be used and spent for better productivity.

One thing I see that takes business to a higher level is adequate management. One thing is to have a business; another is to manage the business properly in all aspects, starting from the customer relationship, which will make your customers happy and comfortable doing business with you; the worker relationship; and the management relationship. This could also help understand the worker and address them in matters that are pressing them in the organization. A healthy employee and worker relationship always increases productivity, adding to motivation and reward for hard work.

Providing outstanding customer service is also a very important factor in creating a positive shopping experience and increasing business profitability. Friendly and attentive service can have a significant impact on customer satisfaction and the likelihood of them returning to your store. In addition to that, you have additional discounts, promotions, and gifts, which can be effective in attracting the attention of buyers. People are often drawn to special offers and the feeling of getting a good deal. These tactics can create a sense of excitement and urgency, encouraging customers to make a purchase. The above approaches will help you find the optimal pricing point that maximizes both sales and profits.

Well, I think before one can think of doing expansion in their business, they are definitely making a lot of profit in their current business, and when your business exceeds your current space or location, expansion can be needed, but when one is not making any good amount of profit, they can't expand. There is this restaurant in the city where I live; although I was really young when they started, but they have now expanded to almost every state in my country. I worked with the company some years ago, and I can say that these guys make a lot of sales each day, which earns them a whole lot of profit. Even the advertisements they make on different TV stations show they make a whole lot of profit before they can always make advertisements the way they do. So, all I am saying is that one must be making a lot of profit and success before they can expand it.

It is not all the customers that needs discounts and bonuses, some customers just want to get original products no matter how much it will cost. So, such prestigious customers cannot be gotten with discounts. Instead of concentrating on giving discounts and bonuses, but much efforts in promoting your products. Make your products brand sink in the minds of the people and your sales will automatically improve. To increase profits, increase your budget of product advertisements

2-3 brands per certain product would suffice or as long your budget or allocation permits you then having more the better which its true that if customers do able to find out a huge variety of brands on which they could choose from then it would really be giving out an impression that it is really a good store or establishment on which they could purchased up goods which is something that has a lot of choices.
This do really make yourself get ahead on the competition comparing into those stores who do have lesser selections or options but we know that before reaching out this state then it would really
be requiring huge capital which we know that not all does have the capacity or capability on doing so. In speaking about business, profitability isnt really that determined, we know that there are lots of
factors which would really be needing to be considered out first and success is something that cant be determined but somewhat following about the right path would increasing out that kind of
chance on reaching out that state.

The main method of businessmen in their businesses is that they always give a discount to their cutomers, and sometimes they give a mega discount when their products have been in stock for a long time in their business or cannot be sold.

   Or it is also possible that they are having raffles for their customers who also have conditions to have a raffle ticket. If you look at it, it looks like the business is losing with their gimmick and their customers are winning, but the truth is they are still winning.

You have to be careful with that premise, more clients* more income, in any case I think that your vision is very limited to small businesses, and basically face-to-face, today you can make money offline and online at the same time. That in fact is already a consideration no matter what area you are in, if you have only one you should be or have a presence in one of the two, the incorporation will bring new clients and perhaps income.

(*) Businesses are complicated depending on which area is related, a friend who increased his clients in your transport company,  saw how costs increased and not profits.

The routes grew and he had to increase costs for new trucks and associated personnel, the growth of customers meant an increase in expenses that he could control but fortunately it took a couple of years to have associated profits.

Showcases, used goods… are always offered at big discounts, it's really a strategy to attract customers, a lot of the big local stores where I'm using this strategy, and I would love to buy these products too. We can both save costs and get a quality product that is not inferior to a new product.

But what about new products? In general, there are many strategies to attract customers as well as bring revenue to the store. But out of all those factors, I think business owners should still focus on customer service. It should be a top priority.

To run a capital business is a must, while replacement of production machines and marketing strategies are included in maintenance costs and other costs outside of the initial capital when you build a business, these are costs that have been prepared in advance as an effort to promote and maintain machine needs. OP talked about patterns of increasing profits in business by using certain methods and strategies, so that buyers feel at home and return to shopping because of the good service and bonuses provided.

Another way to take advantage of promotion through social media and influencers, this method is believed to be very useful at this time where influencers have a big influence on social media because they have quite a lot of followers on all their social media. Utilizing sales platforms on social media is also quite useful, where buyers don't have to come directly to the store and don't spend time, so they can shop using only their smartphones at home and this is also an effective idea.

When customer service is satisfactory, it is likely that consumers will turn into regular customers,
getting regular customers is not easy,
business owners need to design the right strategy and basically all of that needs a process.

True, in a business you really need marketing techniques to be able to optimize the promotion of goods or services owned by the company. This is one powerful way to increase a profit in sales. I myself am part of the marketing team of a company in the field of snacks, according to resets and experience, while I was working, public speaking and marketing techniques are number one when you want to increase sales. I always apply the three S  when I'm at work, namely Polite, Greet, and smile, and understanding customer needs and most of these methods have succeeded in making customers comfortable when in dialogue.

The phrase 'more customers equals more profit', is working for me in my business. But as you have  explained, it's maybe because i run a small business, however it works for me. I take note about what you said about your friend in transportation business, it sometimes happen that in the cause of increasing your business, instead of profit to increase costs will increase. Sometimes businesses like his needs long term planing before the profits starts to pour in, just like it happened in his case. But all things being equal, either in the short or long term, with proper planing, the more customers that patronise your business the more profits you make

I think there are many things we can do to increase profits in business, if we still use human labor in production, we can take advantage of robot technology that can replace human labor, I work in a food company and almost all work is done automatically from selecting raw materials to packaging .

It is only natural that such robotic and machinery facilities will exist in the digital world. and in future days, the use of robots and artificial intelligence will increase in business. so if a company starts taking this advantage now then they can be in a much better position in the days to come. therefore, if a company wants to thrive in business, it must use advanced technology and adopt a strategy that is completely different from other projects. then it is possible to sit well in the market leaving behind other projects in the competitive market

this applies to certain companies which will really help if they use robots, of course it's a thing that will be very profitable for the company both in terms of time and possible payment, a technological sophistication must always be followed with the times to make it easier and also profitable.
Regardless of the pros and cons of using robots, there's nothing wrong with the company, I think it's a natural thing.

There are few things you can do and it's universal in every field of Bussnies whether it's physical goods trade or digital trading. Just be consistent (Stick to your work). Remember it's not at all possible to play in profit always, but if you are sticking to it your Bussnies will not only recover your loss even though you'll make a decent profit from it and I am damn sure from that amount you'll be satisfied.

For example; Consider the Shiping Bussnies in the physical world, Ships (Water tankers, etc) are very expensive we all know but running them is even more costly as an average per if a Ship (Standard Cargo ship) is Running in Sea it cost around $25k to $35k each day and if Business is down and Ship is on Port or Dry dock it still cost you around  $70k to $120k each month and Ship owner bear this cost for months in Boom season they make $25k to $55k or even more per day. The ship for average I have taken is a Cargo Oil Tanker ship around 30M wide and 170+ meters long.

They make such good profits because they stick to their work and bear losses as well.

There is always risk in business. If we want to do business first we need to fix business idea and plan. The success or failure of a business depends on the actions of the individual. Provide what the customer wants to buy in order to succeed in business. There are many businessmen who want to sell a product to the customer but the businessmen don't want to understand what the customer wants so the business will not succeed.The success of a business depends on how much people will accept its product. If you want to grow your business, you need to innovate some products.  In this you can determine the income of your business. Always look for ways to cut costs. In business you always have to focus on income rather than expenses. There are some influencers that affect your business.You can also expect customer growth from your customers.You need to acquire knowledge in product sales, marketing and other activities. You need to test on your product so that you understand the needs of your customers so that you can profit from the business. I speak from my experience that you can profit or improve your business if you do it this way.

The use of robots and AI in business or other professions is almost inevitable, although it is causing concerns in the labor market. But now, they are not widely available so I don't see any benefit in increasing business profits, I mean, you will have to spend more money to be able to use new technologies for your business. And that will make your company's product cost higher than the competition. Adopting those new technologies to businesses can take a long time, as new technologies still cost more than hiring workers.

Technology is of course needed for production efficiency and all economic activities, small things for example is the use of tractors for agriculture, of course eliminating the hoe, this is what makes us have to be ready and use the latest technology to be able to carry out efficiency in business from the production process to being in a shop or accepted by consumers.

It is not as difficult as you think, as long as you focus on investing in the customer service of your business meticulously and carefully, creating a regular customer base is easy. Customer care before and after the purchase is very important, but not so you just focus on it and ignore other services. In short, to be able to increase the profit of the store, businesses need a lot of factors, and we need to add and edit depending on the case of each business.

Thanks for sharing your valuable experience to increase profit in business. Your strategies to offer discounts, rewards and stocking diverse brands of goods are certainly effective and produce good results. Additionally, focus on operation efficiency to reduce cost, trains your team  to identify opportunities for up-selling and cross selling as well as invest in marketing and advertising your products and services, which will potentially boost your sale revenue and ultimately result in increased profit.

I think the easiest way to increase profits is to increase production and sales capacity, if we have production results with sales that look better and are often short of stock then it's time to add employees to production, this will automatically increase sales in the market.

At present all companies already have sufficient employees for all the purposes they carry out, but to increase profits I think the products they issue must have a difference that can attract use among the public, and we also have to make a special offer so that buyers can enjoy our products so that we will have more and more customers and the profits we get will of course also increase, and at this time we can see very many large companies that always have special offers that can be accepted by the public.

I am talking on behalf of customers, as I don't have business. The really best reason that the customer is coming back to the business is the quality and the price, as well as how they deal with customers because those customers want to be taken care of, like how they approach their customers. One of the examples I noticed here in my place is that there are really the same stores and one is like 20 steps away. They both sell goods, but people still prefer the furthest because their staff are good and able to talk to their customers, unlike the other one, which is boring and sometimes they will scold you, which is why customers prefer it.

The most visible and most felt efficiency with the presence of many technologies is in the time saving sector when working. For example, in what you said, in the past, when people plowed fields with hoes, they always spent more time, while those who currently use machines such as tractors. Of course, less time is needed so that there is a lot of other work that can be completed at the same time if there is assistance from the use of today's technology in every work done by humans.

Apart from saving more time in completing work, another thing that is felt the most is that the results are always more efficient and precise as desired. These two things are very commonly felt by workers who have used the help of machines or technology that are specifically developed to make it easier for every worker to complete their work. And the use of certain technologies also has a good impact on business development when the business is running without any obstacles.

You are right that during the ongoing crisis, economic challenges are very tough, and it has become hard for the companies to maintain their headcounts. Consequently, some large companies are considering downsizing to reduce their expenses. Therefore, to survive in the market, companies have to find innovative ways for the continuity of their business. One effective approach could be to focus on providing better quality of products/services at competitive price.

How to increase the quality of products and services but still have to be cheap? Do you have a business? I have not seen any business that can do that, because to create good products, it is necessary to have quality raw materials and good people to develop high quality products. Does that mean it will cost more to manufacture, and how can it be sold cheaply? That clearly shows you are in the customer's position to make that request, not the boss's.

reducing the number of employees will actually worsen the situation, of course it will have an impact on production or service.
there are several other things that can be done to remain effective and also reduce the cost of paying employees, for example using robot power is quite effective in reducing production costs, currently technology has developed rapidly and there are many conveniences that can be profitable for companies.
and to increase profits in business, in my opinion there are several ways and for me personally the best way is marketing and promotion, if it can be run properly then it is very likely that the company will continue to be able to increase its profits.

The only way to make your product cheaper is by lowering the margin of business. This option would take High end management because playing with the low margins could take up good amount of revenue thus making it difficult for the business runner. However, there are businesses which would do this but they would just keep the fixed revenue. This way business is always at stagnancy and never reached to new limits of profitability. But obviously it’s hard to manage that way.

The other way is what you stated, just have the low quality products and close the business soon.

A good business is a business that develops from childhood and then continues to increase, if we want to increase profit in the business then there are 2 most important things that must be done, first is to increase the volume of sales and the second is to reduce production costs, if these 2 simple things can be done then then It can be guaranteed that we will get a profit that matches the target.

using technology in business is not always more profitable, especially for plantation and agricultural areas, which are quite extensive. if a company or individual uses technology on their fields it will cost money for them to be able to buy various technological equipment to be able to support their operations. not to mention they need to maintain it and keep the tools they have from being damaged or stolen by people. especially for large areas, network access is needed so that this equipment can function properly or fuel to support trucks or other vehicles.

so technology is not always able to make a business run more efficiently and effectively. businesses or individuals also need to look at the conditions that exist in the field to be able to adjust to their needs and financial conditions. so there is no need to be surprised that in Japan there are still many businesses that use traditional equipment, even though the technology is very advanced there, because they take into account the costs to support the technology if they use it.

One good thing about discount is that if it turns out positive the seller makes more profit due to high turnover. Business relationship preserves businesses, no business survive without business relationship. Customers satisfaction and excitement can trigger high recommendation and patronage from customers far and near. Another big business boaster is punctuality and consistency because many business persons with good customer relationship have lost their customers due to inconsistency and lateness, some customers don't tolerate lateness and won't mind looking for new vendors when the get disappointed.

I think it's too much thought, because basically your suggestion is a form of a market demand that has strengthened, which then only increases production.
The main trigger is, how to increase market demand for the products/services that you make. In this case a strategy is needed, the main thing in this case is to use the right marketing strategy will invite consumers to buy your products, such as making interesting advertisements on TV or social media, using famous figures to advertise it, ordering services and fast delivery, This is for modern times today will increase the demand for consumers higher, which at which sales will definitely increase and profit will definitely rise.
The things that are mentioned are how to make people interested in buying the products you make, meanwhile to stabilize or maintain high sales, will return to the quality of the products or services that you make.


There is a real cunning way, when demand is rising on your business products, you can raise the price to be higher than usual and or reduce the quality of ingredients in your product, and this is effective if used as a way to increase profits in a certain time, but not a good and human thing.

Of course there are many ways that can be done and it all depends on the business being run and every business has almost different ways to be able to increase profits, in general what you say is very true and in my opinion if someone wants to increase profits in business then there are many ways you can done and it is very possible to happen.

Personally I have experience in my small business, just by making promotions and advertising more intense in a short time my business profits increased drastically at that time, because it's only a small business I think it's quite worth it.

In my personal opinion, to increase or maximize profits in doing business, there are several factors that must be done.
The first is that you must always have innovations that are not thought of by others (business competitors). With that, I'm sure, any business will always be eyed by customers, because usually customers like shops or shopping areas that have different services or facilities from other stores or shopping centers.
The second is, always make customers comfortable when visiting your store, because every customer always wants to shop or buy something in peace and comfort.

The third is, making a rule for customers, for example like this "every customer who has come to this store three times, will get a free gift or shopping discount. By doing this, I'm sure customers will always go to that store to shop, because there is a feeling of wanting to get a discount or gift that will be given by the store. And the last thing that cannot be missed, namely the parking lot must have a fairly large area. Because in real life, I often don't visit a shop or shopping center , just because the parking area is narrow, therefore a large parking area also greatly affects the progress of a business, especially in the buying and selling aspect.

Improving good service can increase the number of sales while promotions and bonuses are ways or tricks that can be done to make your business grow much more. Now is the era of digitalization and you can look for ways to promote your business through promotional techniques through Influencers and a lot of this pattern has been successfully carried out by business people because the target market segment is generation z who are capable of technology.

Completeness of goods in your store is also one way to bind customers to continue shopping at the stores that we manage, because when people come directly to the store and don't have the items they want, they may not come again in the future. So to build a business is not easy because it takes skill and consistency is also needed.

You are very right, This is what I do with my business now. Produck completeness is very important, because don't let them enter our store, the product they are looking for isn't there and that makes them lazy to come again. Good service will also greatly affect our business in the future, especially in the midst of price competition. I confidently sell at normal prices (more expensive) because my competitors are price wars. But I have a quality guarantee (value) that is not the same as them even though the product is the same. Plus I like the prospect of own business to prospective buyers with simple offers plus giving detailed product info.

So, customers can understand and achieve my target. Whoever comes to the store, try to make him buy my product, don't let him fail to buy it. The difference in price is clearly more expensive for me even though the price difference is not much different. This is where marketing knowledge is needed in order to get regular customers and new customers.

But how to increase sales and reduce production costs while ensuring quality?  this is something that any business will know even non-business people know about.  but if we notice, there are still many businesses that go bankrupt every day even though they also offer solutions like many are talking about here. it's easy to say but not easy to do. 
Running a business is not child's play, and simply reading a few books or looking for some online solutions can help our business grow.  if we want to improve our business, we need to know where it goes wrong and what to fix, people are giving solutions that are too generic and can be found on social media. 

Customers really like discounts, but there are others abusing them, mostly coupons. Others are getting tons of coupons or exploiting their rules in coupons to get discounts, but overall, you can really save from them. I noticed this only happens when there are events and also if the food is near expiration, which is still a good deal and can make the business not lose money as it will be wasted if not sold.

Your business strategy, distinguished by its emphasis on product superiority and stellar service, alongside a premium pricing model amid competitive pricing, is remarkable. This differentiation could prove successful if superior value to customers is continually guaranteed.

However, the fact remains that price sensitivity is dominant in many markets, particularly when similar product options abound. While your promise of quality and personalized engagement may defend the price differential, the price-quality-value matrix is complex.

Additionally, the aim to transform every store visitor into a buyer could be too aggressive, potentially fostering high-pressure selling strategies that could turn customers away. A more balanced goal would be to foster customer satisfaction and loyalty, thereby ensuring continued patronage.

Lastly, while understanding marketing is essential, it must be coupled with a profound understanding of customer desires, market trends, and competitive dynamics.

I think in business good customer service matters a lot. The way customers are been treated will determine if they will come back to personalize your business or not. Customers always go to a place where they are treated nicely, this is one of the factors that helps in the growth in business. Availability of different varieties of goods helps in the growth of business because it gives customers confidence whenever they come to get stuff they will definitely get what they come for.

One of the things that scares customers away in business is high price of things, for a business to grow well the price of things needs to be in the actual amount that their won't be lose be lose in the price and their won't be too much gain due to the high price. Customers service and a fair price will always capture the presence of customers, these are the factors that will really help small businesses to grow in a small space of time.

Customer service
Good price rate
Pleasing venue
Good staffs
Proper management incoming outgoing transactions
....
and there might be something had missed out.

All of these things would really be that needed if we do speak about about handling business and make it profitable or progressive but somewhat we do know that
not all business would really be ending up successful on which there would really be to those who had withstand and to those who had failed. When it comes to demand then it would
really be entirely be depending on several factors but in overall it would really be depending on the services or products that you've been offering and the rest
of those things above are really that in default.

You can use influencer promotion services as an add-on and often times this method is successful, price wars are also a problem nowadays and very often businesses that have little capital go bankrupt because they are unable to compete on price. There must be something that distinguishes the business that you manage with other people, meaning that you must be able to maintain the guarantee of the products you sell, marketing methods and the way you serve buyers are also very influential. Just look at supermarkets that sell the same goods as other stores and the prices in supermarkets are not always the same, sometimes they are more expensive and sometimes cheaper than other stores, but they never lose even if they have to make promotions or massive price cuts

That's why large capital is needed and when you can't compete with other stores, the business you manage will never grow. Currently, the role of developing a business is not easy and when our capital is small, it will be very difficult to compete because our competitors are much better prepared to cut lower prices. Regardless of the promotion strategy that we carry out and preferably after all the processes that you have done correctly, evaluate at any time and roughly what sector makes our business different from other people's businesses.

To increase profit in business, there are several strategies that can be implemented. One effective approach is to focus on increasing revenue while also reducing costs. This can be achieved by identifying areas where the business can improved efficiency, such as streamlining processes or renegotiating contracts with suppliers. Another strategy is to expand the customer base by investing in marketing and advertising campaigns, or by offering promotions and discounts to attract new customers. Additionally businesses can look into diversifying their product or service offerings to appeal to a wider audience. It's also important to keep a close eye on financial performance through regular monitoring and analysis of key performance indicators.

Small businesses can not conveniently afford influencers, so you are right by saying that large capital is needed otherwise the business may not survive competition from other established stores. That is why in my shop, as a small business owner, among other strategies like online advertisements, giving periodic discounts and rewards, i focus more on giving quality and delightful services to my customers. This has worked personally for me in my business, because I get a lot of new customers who go to the length of making me know that it was customer a or b that directed them to my shop. This delightful services to customers includes the way I treat them like royalties, with utmost respect,  when they step into my shop, it doesn't matter if the customer is buying the least item. Secondly is that I build trust by telling customers the truth about the quality of the product that they want to buy. So let their capital determine the quality that they eventually buy, among different brands of a type of goods.

 This simple tip has been working for me over the years and increasing my sales, which in turn is boosting my profits. I really recommend it for small business people who have little capital.

Possible ways or strategies I do believe one can use to increase profit in a business are through these means,
1. Via the selling of quality products,
2. Good Customer service or customer communication,
3. Slight reduction in the of price products or goods and services
4. And online product marketing or advertising.

One of the best way to make more profits from business is to do more of advertisement to promote the business. This is why we do see that there are some projects that are more successful that the other. Companies that do more if advertisement will make people to see there product and those that are interested will always go for it. Running ads online to bring online customers to check the product and buy if they really want it. We need to create more awareness for our businesses so that we can gain more customers that will keep buying our products and making us make more profits.

Promotions and marketing wont really be that sufficient if the product/service you've been offering is shit and not really that something having the demand on which you would really be that basically be wasting up

your money with this even if you do go all in or having that huge allocation for marketing but if you do have a bad product or something not really that relevant or much needed then you are really still that bound to
fail. This is why you shouldnt really be only thinking on one angle or spot when you do see that you business isnt really taking  that much attention or having sales on which it is really that showing that there's something wrong.There would really be needing up some check up about on other factors which might really be that been neglected or didnt really pay up some attention on which this might be the
problem that your business is really facing on.

Investment doesnt guaranteed out success on which there are ones who do succeed and there are ones who do really fail. This is a world on which competition is high and it is
really that understandable that it would really be survival of the fittest.

The instinct of many business owners is to decrease prices to stay competitive, but the reality is that a reduction in prices would have a dramatic negative effect on business profits. If you were to decrease your prices, you would have to sell a higher quantity and attract new business to keep the same amount of profits as before. This usually only works in very specific industries, where products are highly competitive in price.

Instead of reducing your prices, many businesses could benefit from increasing their prices. Even a slight increase in the price of 1-5% can drastically improve your profits. There is always the worry that a price increase will lead to a loss of sales. But, even taking into consideration that you might lose some of your sales volumes, you will usually see a positive impact on your profit. This means you will be making more money per sale, with fewer sales overall. More money for less work!
Secondly, building a good customer base can help in making a profit in business
Originality is also a good point for customers. As a businesswoman, you have to gain the trust of your customers, when you advertise a quality product, make sure that you are giving them the original, you don't advertise a good product and end up selling fake to your customers.
Make your customers know the need for consistency, sticking to one product, by so doing, they will be patronizing you because you have been able to build long-term relationships with them
Lastly, good customer service. the service a business person gives to the customers should be top-notch.
 
The natural tendency of many business owners is to lower prices in order to remain competitive, but in reality, doing so would have a drastic negative impact on corporate profitability. To maintain the same level of earnings as previously, you would need to sell more product and draw in more customers if you were to lower your prices. Typically, this is only effective in a small number of highly competitive businesses.

Many businesses would profit more from raising prices than from lowering them. Even a 1-5% price increase might significantly boost your earnings. It's a constant concern that raising prices would result in a decline in sales. , even taking into consideration that you might lose some of your sales volumes, you will usually see a positive impact on your profit. This means you will be making more money per sale, with fewer sales overall. More money for less work!
Secondly, building a good customer base can help in making a profit in business
Originality is also a good point for customers. As a businesswoman, you have to gain the trust of your customers, when you advertise a quality product, make sure that you are giving them the original, you don't advertise a good product and end up selling fake to your customers.
Make your customers know the need for consistency, sticking to one product, by so doing, they will be patronizing you because you have been able to build long-term relationships with them
Lastly, good customer service. the service a business person gives to the customers should be top-notch.

with lots of advertisements for a product, the product will be better known by many people, especially if the advertiser is a public figure who has many influencers, so that many followers will follow in his footsteps, of course this can increase the sales results of a product, therefore many advertisements are made unique in order to impress the consumer's memory. especially if the product is of good quality and satisfies the customer, of course the customer will come back again to buy it and make it a lifestyle

It's all part of marketing where the goal is to increase product sales,
it is certainly not easy to make products that consumers can easily remember because of intense competition among products,
creativity to create different and unique ads has an important role.

The most potential strategy to grow a business is to treat the customer well and develop a good relationship with the customer. and all the while retaining more customers at individually lower profits. and sometimes attractive discounts can also make a business better. on the other hand, even if the profit is low, if you always keep good product supply, the customer will love them and take the service for a long time. And there are many more sophisticated strategies that can make a businessman highly profitable. and always have to use a different strategy that will always promote exceptionally from other business

If you are still relatively new to the business world or don't have a lot of capital in it, the ability to compete with other stores will be much more difficult because they can provide big discounts and hire influencer services to increase promotions. The strategy you use in running a business is very good and I believe it takes consistency to remain patient in dealing with the process and if you are able to pass it, it will end in victory as you feel now. Business people must also be observant in seeing opportunities, providing good service and ensuring the quality of the products we sell is also a strategy to entice buyers to continue visiting our store.

Not all influencers have expensive fees to work with because you can look for influencers who are paid for endos which are much cheaper, even though their followers are not as many as other influencers who are so established. But at least for the initial step of promotion using social media they are enough as a basic introduction to your small business and can gradually be increased again in accordance with the evaluation of the extent to which the business development is being carried out..

From what you mentioned about customer retention that is a good one because seriously today what most businesses that are thriving today are enjoying is referrals, if you get one customer and you relate well with the individual that person can bring another 10 customers and such will also bring another 10 from there you have more customer to buy your products and that means more income and profit

This strategy is good and simple to apply but in reality, the result maybe different. Reason is that you may relate very well with customers and they spread your market to their friends but if the need is not there, they will not come and the price is also another key to consider. The customer you sold am item to might be interested in what was sold to him and the other might not be interested in the price, they will want to make research about price in another location and if they found out that it's cheaper than the amount you sell, they wouldn't come to you and even the first customers you sell to wouldn't come back again.

Your logic can only work in a situation where you sell goods and services that has a uniform price, it wouldn't be a problem to get customers to come and buy, in this case using discounted price shouldn't be your next move but how to win them over like society interested, like relating to what they like, get to know them and if the customer is a public person, talking good side of their family isn't bad and also religious aspects if you share the same believe with them.

Honestly I really liked different brand suggestion. Whenever I enter big shop I always wanna see many brand possible to compare. Except big discounts I tend to prefer buying things physically so if you can give me opportunity compare couple of different brands in one shop you will directly increase my chance to buy from you. I dislike to wander around more than 3-4 different shops just to do comparison. I would also suggest people to engage your target demographics. You may portray yourself like young clothing shop if most of your customers are young, with decoration etc.

The assortment in a certain niche is a very important point, but it will be very important in an offline store, where the buyer comes and chooses and measures during the purchase. But if this is online sales, then there is no such great importance in the assortment of different brands, because you will be targeting buyers who prefer a particular brand. You can develop any of the directions, you just need to see which sales method gives the best results, or if you have a large assortment of different brands, then it will definitely not be worse for online sales.

This suggestion is really good. Because the store-to-store can sometimes get tiring. One store I know works this way, I won't name names. At the same time, the products in this store can be cheaper than the brands own stores. I usually like to shop there during these cheap periods. Sometimes I try the product from its own store and visit that store where they are all sold in one store, in case it is more suitable.

Nowadays, shopping is usually done online, but I prefer to go and see and buy.

Definitely, the client should feel maximum comfort if you provide some services or sell goods. By the way, the Turks are great at it, when I was in Istanbul, they sold great: politely and with humor.

I had a business selling paintings. I drew and sold them, but a year ago the site where I sold paintings ended its existence. But I remember that it was the best feeling: when a client came to me for paintings on my page. And wrote me a message. And I didn't have to force myself to be polite or not sincere. I felt that I loved each of my customers, and I naturally managed to be a great and polite seller. Because if you love your job, then you will be like that.

what you said is very true, in business you must always be able to provide good service/relationships to new customers, it will easily be able to transmit it to other new customers, it is certain that it will continue to provide an effect for faster development. so that in time it only remains to cultivate that goodness and receive the results of what has been done, it looks easy to do but it needs to be able to receive input from customers for continuous improvement.

There are ways you could administer a discount and yet arrived at making profits than loosing because when others are making $10 as profits from a commodity for instance and you decided to take off $2 from it as discount and sell to the people, they will prefer buying from you because of the little difference and you would have patronize market to restock more than three times while others were still struggling to make a single round of sales in their market, so making ba discount should be at your own interests too and not to just please the buyers at your own loss.

The truth remains that you increases your business profits when you've a lot patronages and you've the customers demand so sell out your goods.

Otherwise, profits can be gained with a a selling methods strategies and your savings method.
As an entrepreneur aimed to gain profits, you must cut your costs looking forward to regain your capital in the business then it's assumed you've counted no lost but nevertheless, business has a varieties of profits and losts on some occasions.

You must possess a marketing skill in other to entice and attract customers for patronages without them undermining the cost of your service meanwhile.... You don't target to make over profits otherwise your goods gets stocked due to your service charges and it's marketing system.

Anyway, one's good morals are the sign of a good person. The customer-vendor relationship is very important. A shopkeeper who always behaves well with his customers is always known as a successful shopkeeper. The good and bad behavior of the shopkeeper greatly affects the customer. People always avoid shopping from vendors who do not treat their customers well.It is very important to always create a friendly environment for business. Therefore, to increase your income and sales, you should always maintain ethics. That is why it is said that people who do not know how to smile should not do business.

Yes, even though your items or products are in demand still you need to have a good marketing skills in order for you to have a lot customers and expand your business. It is also good if you will be following the market demand since or what is hype in the market only if you don't have a specific products but yeah it will be sure hard at first to everything but it will be worth it for the next few months and days.

Yes, I agree with that as customer service really matters to them and they will consider of coming back. But this is not all about treating them good, it is also important to give the right products to them by simply offering what they are looking for. That is why we also have to gather ideas from our customers and hear their suggestions as this would help us to improve and give them a delightful experience like - a one-stop store so there is no reason that they will go to another store (if possible).

When a good relationship is maintained with the customer then those customers will become a permanent customer for long term. And its demand can be known very easily and accordingly the product quality or product supply can be increased and thus the business can be done much better. So building a good relationship with customers is the first and best strategy to develop a business. and the more a business develops, the more its profits will increase

Exactly! Cause at the end of the day what your customer says about your business will either make or break the profit you intend to have. Your customers, if they like your service, will surely be the one to even bring more customers to you. Hence, it is important to ensure customer satisfaction, but do not stop that. It is also essential to take care of loyal customers.

 

To be successful in business, a businessman must first be a humble, polite and honest person and then think about improving the business. A businessman should give the most importance to his customers and think how to create new customers along with regular customers. For new buyers must create some attraction so that new buyers or customers come to you. To grow a business you have to avoid anger because you can never be angry with customers. One of the most important aspects of growing a business is keeping your accounts clean. Whenever you sell or buy something, you should create a temporary account of that item so that no account is left out later when you total your business. If you can manage your own business by thinking in this way, it is possible to achieve more success in the business.

The nature and personality of a person will indirectly greatly affect each of his business trips. Those who have a personality that is easy to mingle with new people and have a friendly nature will certainly have a lot of relationships and they will get a lot of references there which they can use to further develop their business. And as you said, someone will be able to get a lot of new customers if they can give their own trust and satisfaction to their customers and include providing the best service to consumers. If consumers are satisfied with what we provide, it will not be difficult to find new customers and someone will have a great opportunity to develop their business.

1) Define your USP (Unique Selling Proposition). What sets you apart from all other businesses out there? When you get a good understanding of your USP, you'll know how to position yourself like where you should increase your visibility, who you should target, what should be your packaging, etc.
2) Quality. No matter what you do, if your products are of poor quality, it'll be hard to get repeat purchases.
3) Good customer service. You should be active with a response time of 24-48 hours. Customers are impatient and they hate unresponsiveness. Have a lot of patience and never ever appear rude. Triple check everything before sending. It'll take you a lot of time to build a brand and you can lose it in a snap especially in this generation where "cancel culture" is in. People like jumping on hate trains online.
4) You should always be ready to invest for the betterment of your business. Adapt to the trends and always offer your customers something new so that they'll be on a lookout for your new releases and follow your brand.

It depends, the discount is good for some and bad for others, if you are buying single items per one you need to sell at a reasonable price, there won't be a room for discount, and also discount is for attracting more customers.

Discount is a good choice if what you are selling is in packs, like a wholesaler, there will be room for discount and it won't affect your business or if you are the one creating the goods yourself then discount is good to make your goods more attractive to buyers.

For some people, discount is not always good so before introducing an discount offer make sure it happens once in a while, that's why we will see if supermarkets doing discounts on their goods every Xmas, find a good time for yours, not always.

In order to increase the profit in the business, one of the few factors that a business person should count among them one of is to maintain good relations with people. A businessman will succeed in expanding his business as soon as he is able to gain trust from the customers. If you can maintain good products and good relations, the businessman will be successful very quickly. Generally, if we see some businessmen of the same category in the same place, we will see that some are selling the highest while some are able to sell less. The reason for this is basically those businessmen could not maintain relationship with the customers. So I want to prioritize the good relationship.

I know a lot of people and they don't have any of the features you mentioned, but they are very successful. Success does not always come with good human relations or communication. We think this is true because that's the way we've been taught. Someone with very ordinary human relations but not bad can also be very successful.

The criterion of success can be not only self-improvement and good communication, but also doing the right job at the right time.

So everyone can achieve success in many ways. It is not right to set limits with this or that feature and expect success.

I myself do business and to increase income in business there are two events that I do, namely;

The first, istiqomah/consistent. Of course, in doing business there are always profits and losses, and there are ups and downs. This is what makes many business people go out of business because they don't believe in the products they produce and the work they do and when they see other people's businesses in different fields and look more advanced, sometimes we are tempted to do the same business and leave the previous business. So this is where the need for confidence and consistency in the business that we do because who knows later our business will be more advanced than others because earlier that in doing business there are profits and losses and there are ups and downs, don't let a business that has previously developed you have started a new business. which in the end you will not be profitable but even losers

Second, evaluating the products produced and the business undertaken. Here it does not mean that I am not sure about the products produced or the business that is being done, but by evaluating the business that is being carried out, this will make it easier for us to find out why our business is not growing? Is the effort that is being carried out not optimal? or those who sell why our products are not selling well in the market,? whether the product that I produce is not feasible.?. With this evaluation, you can find out the shortcomings of the business you are doing, can minimize losses and can improve the quality of your business and can increase profits for the business you are doing.

I have come to understand a lot about strategies in entrepreneurship, it turns out that increasing sales can be done in various ways, one example, as you said, we don't need to be busy looking for new customers, but correcting mistakes from customers who have subscribed is far more important so that the value of this business increases. Every business person. This can be a strong focal point for our business if we want to increase profits. Because maintaining a good relationship with customers is much more difficult than getting new customers.

If necessary, continue to build communication with them so that we know what benefits they have gotten from our business and our services as business people. Of course, we have to ensure that the service infrastructure for them continues to exist so that we can act on feedback from customers quickly. We also need to carry out a personalized marketing strategy, so that they feel that we pay more attention to them personally. That way we can increase our business profits while increasing customer loyalty.

The only way you can increase your profit potential as a business owner is to scale up your business. If you continue serving the same demographic, your money will stagnate as every target demographic possess specific spending power. So scaling up to cater to two or more target demographics, while a costly and risky move, is the only surefire way for you to continuously increase the power of your business. It has been done in the past, food providers, alcoholics, even apparel providers took this approach and with a stroke of proper marketing and a fuck-ton of luck, they were able to go big, some even offering franchising opportunities for people who wanted to use the business's name so they don't have to worry about creating competition.

You wont progress if you wont really be taking further risks or taking up those chances if you do really tend to play safe or sticking into something which stagnate yourself on progressing on which its not something that recommended on a business because we know that the risks of losing off track would be there considering that you arent the only ones who do run off with the same business on which
we do know that there are lots of competitors out there.If you do find yourself not taking any step forwards when it comes to expansion or upgrading or possible add up then its considerable act that should be done if you do really like some progress. Its not an assurance though because there's no such thing about assurance about being profitable in business.

Selling your product at a cheaper price compare to others can be a good way to go. Mama Seun sell her rice #140 per cup but you sell yours at #135 per cup. The profit may be low but bet me the turn over will be high. Some customers can go miles just because of that #5. Before you know it you will be making even more than twice of what Mama Seun is making due to your high turn over.

I agree with you. because all business must incorporate risk in order to attain its objectives. Every firm has a profit and a loss.The primary goal of the company is to make a profit.You must be imaginative and optimistic.And must incorporate fresh ideas into the business.This can encourage customers to purchase your goods or service, allowing you to profit. Profit is frequently the primary goal of businesses when they are created. Following the identification of a need and a maket. Profit growth is a primary aim for companies seeking long-term success.Pricing and revenue streams can be optimized. Examine your pricing approach and look for ways to increase revenue. Consider using dynamic pricing, upselling or cross-selling strategies, and looking into additional revenue streams. A software business, for instance can offer tiered pricing plans, luring clients with additional features or premium support for higher-priced products.

I graduated college with a degree in Business Management, so this topic is right up my alley.  Now I agree with some of these things, and think you've got some solid suggestions here, but what's sort of missing is the fact that not all of these suggestions are good suggestions for every type of business. It really entirely depends on what type of business is being ran, the current location and it's closest competition etc etc.

I think so too. More customers equal more profits. One thing that is interesting in my opinion is that technological developments are now changing everything. Including business. The use of the internet, for example, is very influential on our business to carry out promotions. Because with the media promotion. Our business will be better known to the general public. With the internet we can also reach customers more easily.

It's not even surprising that now many agencies have opened businesses engaged in service providers to help people in promoting their business.

The presence of the internet and the many online sales applications are of course a good tool to increase sales thereby increasing profits, in business the most important thing is to be able to increase sales so that production results are sold immediately and create a good flow of funds so that profits can increase.

But I've noticed sometimes that there are merchants or stores that are the same price, like they've already talked about it, and still you're forced to buy at those prices if you're really a good businessman and want to gain more customers. The lesser the price, the better, and much more if you know how to talk with your customer because no matter how cheap your price is, if you are strict and always have a high voice, for sure your customer won't come back.