10 Ways To Maintain Profits In A Slow Economy

1. Sell more back end products to your existing customer base. You already created rapport, trust and proved your credibility to them.

2. Make it a practice to up sell to new and existing customers. After they decide to buy one product, offer them another product.

3. Cross promote your products and services with other businesses that aren't competition. You will reach a wider audience at less cost.

4. Create joint venture deals with other businesses. You can expand your product line and target other profitable markets at a lower cost.

5. Start an affiliate program for your business. You will be able to spend less profits on risk advertising and spend more money on guaranteed sales.

6. Trade advertising with other businesses to save revenue. You could trade e-zine ads, banners ads, links, print ads, etc.

7. Out source part of your workload. This can save on employee costs, equipment costs, taxation costs, expansion costs, etc.

8. Add low cost bonuses to your offer that have a high perceived value. It could be ebooks, members only sites, consulting, e-reports, etc.

9. Use viral marketing to promote your business on the internet. Give away free stuff with your ad copy include on it so others can give it away.

10. Follow up with all your prospects. You can use a free e-zine, a follow-up autoresponder, an update or reminder list, etc. ----

About The Author

Over 40,000 Free eBooks & Web Books when you visit: http://www.ldpublishing.com As a bonus, Bob Osgoodby publishes the free weekly "Your Business" Newsletter - visit his web site to subscribe and place a FREE Ad! http://adv-marketing.com/business

In The News:


pen paper and inkwell


cat break through


Is Your Management Style Assisting or Hurting Your Business?

Many times business owners can have significant differences in management... Read More

Todays Employees and Their New Needs: What You Need to Know

Today's employees are not only interested in security or in... Read More

Einstein - Definition of Insanity

Insanity in the Sign & Graphics IndustryEinstein's DefinitionAlbert Einstein once... Read More

How To Jump Start Your Profits and Keep Your Profits Rolling

There are so many ways to jump start your prifits... Read More

Creativity and Innovation Management: Specialisation or Generalisation?

Creativity can be defined as problem identification and idea generation... Read More

Smart Staffing Practices: Don?t Confuse Activity with Results

Does your hiring process consist of proven practices or just... Read More

Medical Collection. How Organized is Your Office?

At one time or another, all of us have experienced... Read More

Creativity and Innovation Management ? Psychological Reward

Creativity can be defined as problem identification and idea generation... Read More

Why People Resist Us

There's a one-word reason most ideas never see the light... Read More

The Power of ?Ask?

For Call Center managers, it is not a pipe dream... Read More

10 Steps Towards A Stress-Free Introduction Into Management

Becoming a manager for the first time can be an... Read More

Executive Humor at Meetings

I don't encourage managers to wear funny hats, appear in... Read More

One Thing You Cant Hide

One of the most important of all motivators at work... Read More

Where Else in Your Business Do You Accept a 60% Failure Rate?

I recently surveyed CEOs and Business Leaders of large companies... Read More

Tales From the Corporate Frontlines: Diversity in the Workplace: Ethnic Considerations

This article relates to the Diversity in the Workplace Competency,... Read More

What Makes a Crisis a Crisis?

If you're old enough and were living in America about... Read More

Show Me the Money!

Are you ready to raise money for your startup?Leslie Mitts,... Read More

I Am Not A Number - Why Too Many Change Projects Fail

Many of you will recognise this quote from the 1960s... Read More

What Makes A Good Media Story?

Media relations can be difficult, but also rewarding. And the... Read More

Business & Family Safety and Health Rating

For good reason, practically every endeavor in life is rated.... Read More

If You Build It, Investors Will Come

When you begin to write your business plan or a... Read More

Meetings and Road Trips

Managing a meeting is like setting off on a long... Read More

Whatever it Takes!

I have a sign on my office door. It pretty... Read More

Taking Care of Middle Manager Bounce Off

How many times have the management consultants been 'in' and... Read More

Never Punish Yourself or Others for Failures

If you want to find success in various ramifications, be... Read More

Managing Yo-Yo Style

Does being managed by others smack more of "Survivor" than... Read More

You Cant Afford the Luxury of Disengaged Employees

In today's business environment with increases in staff reductions and... Read More

The Boss Didn?t Understand Why His Staff Wasn?t Reading His Mind

Many people believe that everyone sees the world exactly the... Read More

Leadership Skills

Recent studies have shown that industrial supervisors are working at... Read More

Poor Employee Performance: How to Deal

KEEP WRITTEN RECORDS: "Document !Document! Document!" Keep a record of... Read More

Creativity and Innovation Management ? Personality Testing

Whilst tests measuring the creative or innovative personality exist, there... Read More

The New Economy

This technological revolution has organization, efficiency and productivity requirements well... Read More

Employee Success! - 7 Ways Feedback Works

By sharing how well you are doing and how well... Read More