Four Ways You Can Increase Revenue | Candlelight Heroes
Saying you want to increase your company's profits is a little like saying you want to "get rich". Neither of these statements will come as much of a surprise to anyone, and neither is particularly helpful or likely to happen without a more concrete plan. Increasing revenue on the other hand is a little different though. Your revenue is the amount of money that your business makes before you deduct expenses and cost per unit. In other words, this is the sum total of all the invoices you send and all the cash you take into the till. Increasing revenue is a much more focused goal than increasing profit and there are a few useful strategies you can use to get there. Today we will look at four. The four ways to increase your revenue are: Increasing your number of customersIncreasing your average transaction sizeIncreasing your frequency of transactions per customerRaising your prices You probably feel there are many more strategies you can use to increase revenue, but what