Increase Business Profits - Ten Ways

How do you increase business profits? Answer the following questions carefully, and you'll have a good start.

1. Can you increase the average sale? A restaurant with 25% profit margins might make 50% on additional sales to existing customers (less labor to bag one large order than two smaller ones). Asking "What would you like to drink with that?" works, and it's just a start.

2. What's the least expensive way to get a customer? Before you spend another thousand dollars advertising to get new customers, could you get as much business by spending a few hours contacting previous or existing customers?

3. What low risk ideas can you try? I once sent a letter to several visiting basketball teams, inviting them to visit our restaurant, and giving the coach a free meal as an incentive. The cost? Two dollars. The pay off was two busloads of customers. At that rate, you could increase your business profits even if nine out of ten ideas fail.

4. Have you tested prices? I knew a store that sold a product for a $1.05, that cost them $1.00. At a price of $1.20, it is doubtful that they'd lose half their sales, but if they did, they'd still make twice the profit. Some things even sell better at a higher price. Test.

5. Can you measure your advertising results? How do you know that you're not spending more for a customer than they're worth? Coupons, customer surveys and other methods of measurement are a must.

6. How do you know your customers are satisfied? The worst restaurant meal we ever ate went down without a comment, but we never returned to that restaurant. Maybe the owner should be talking to the customers.

7. Can you enhance the percieved value of your product? Years ago, I sold walking sticks for $10 at flea markets, and $20 at craft shows. Sometimes location alone can enhance the percieved value of a product. What else can you do?

8. What are similar businesses doing? See what your successful competitors are doing. Can you do the same?

9. What other products can you sell? There's a reason stores have candy and magazines near the checkout. Extra sales are a great way to increase business profits.

10. Can you use your customers as salesmen? Word of mouth is a start, but what other ways can you get your customers to bring their friends to you?

These were culled from a longer list. I call it "stolen business ideas," because I can't credit the original authors. I took them where I found them over the years, with grattitude, but without notes.

Steve Gillman has been studying every aspect of money for thirty years. You can find more interesting and useful information on his website; http://www.EverythingAboutMoney.info

In The News:

How to Watch ESPNU Without Cable - Your Top 7 Options - News, Tips, and Tutorials for the Cord-Cutting Revolution  FlixedESPNU broadcasts college sports entertainment to over 70 million homes. Its coverage rights encompass Big Ten, Pac-12, American Athletic, Western Athletic ...
Top 7 Call of Duty: Black Ops 4 Blackout Tips – How to reign supreme in battle royale  TrustedReviewsTrusted Reviews has compiled our top six essential tips to help you get ahead of the competition in Call of Duty: Black Ops 4's Blackout mode. Time to drop!
Top 7 money-saving tips for financial success in 2019  Moneyweb.co.zaWith the excesses of festive season spending behind you, the new year represents the perfect opportunity to whip your finances back into shape, beginning by ...
Top 7 Facebook Ads Tips to Implement Today  Inc.I can't wait for the Facebook Virtual Ads Summit on Jan. 24 -- not only because it's hosted by my company MobileMonkey, but because it's a major meeting of the ...
Six tips and tricks to help you achieve your highest score in 2048!  iMore2048 is a matching game where your job is to combine matching tiles to create larger numbered tiles. When there are no more moves left, and the board is full, ...
10 Fortnite tips and tricks every player should know  GizbotThe genre of Battle Royale has not been in the spotlight more than now. You keep running into people with their head buried in their phones everywhere you go.
Top 7 Instagram Groups Tips and Tricks to Use it Like a Pro  Guiding TechChat with multiple people without sharing your number on Instagram, using groups. Make full use of Instagram groups with these tips and tricks.
Top 10 tips to try out on the Huawei Mate 20 Pro  TechNaveThe Huawei Mate 20 Pro is Huawei's latest flagship smartphone with the latest HiSilicon Kirin 980 chipset and a ton of features and functions th.
Top 7 Biblically Significant Archaeological Discoveries of 2018  Crosswalk.com2018 was a big year for archeologists. On Christian Headlines alone, we covered almost 20 Biblically significant archeological discoveries. From potentially ...
7 Tips to Get Better Mileage from Petrol, Diesel Car To Combat Fuel Price Rise  NDTV NewsWith fuel prices at a record high and showing no signs of reducing anytime soon, the hot topic of discussion is fuel economy. And while some people are actually ...
Top 7 sneeziest plants of New Zealand  Stuff.co.nzLiving in a beautiful, natural environment is one of the many perks of living in New Zealand. For the hundreds of thousands who suffer from hay fever though, that ...
Top 7 Ways to Save Money on Halloween Costumes in Champaign-Urbana  chambanamoms.comWe share our best money-saving tips on making those Halloween costumes more affordable.
Eyesight: Top 7 Ayurvedic Remedies To Improve Eyesight  Doctor NDTVIn Ayurveda, failing vision is termed as drishti dosha and is believed to be the result of nervous debility, bowel problems or congestion. Let's take a closer look at ...
NBFCs down up to 50% in September; top 7 value buys at current levels  Moneycontrol.comExperts feel that the pain in NBFC stocks are likely to continue in the near term and any corrections in some of the stocks are a golden opportunity to buy.
How to access Sticky Notes on Windows 10 From Anywhere  GizbotAndroid may have Google Keep, but Windows 10 has Sticky Notes, an near perfect virtual replica of our physical Post It notes. We may have several things on ...
Top 7 Foods That Induce Menstruation: Induce Periods, The Natural Way  NDTV FoodHeres a list of top 7 foods, which are easily available at home and are sworn by our grandmas as great for consumption before and during the periods.
The Top 7 Management Tips From Harvard Business Review  TIMEHarvard Business Review recently released a book of their top Management Tips. Here are the ones I felt were the most insightful and actionable. Get…
Top 7 Survival Tips for Your First Year Out of College  Student Loan HeroNow that you've graduated (and celebrated accordingly), here are seven survival tips for your first year out of college from graduates who came before you.
The Top 7 Social Media Marketing Trends Going Into 2019  Business 2 CommunityWe all know by now how important of a role social media has on your business strategy. If you're not on social media, you're making things significantly harder ...
Top 7 Tips for Promoting your Promo Codes on Social Media  Baltimore Post-ExaminerWith the advent of the internet came new and more efficient ways of doing business. Today, any kind of online startup can begin thriving within a few months of ...
Winters Are Here! Include These Top 7 Vegetables In Your Winter Diet List  NDTV NewsThe chilly winters are here! In this season, we always look for foods that are comforting and can protect us from the cold winter. It is time to fill your kitchen ...
Top 7 birdwatching spots in Montreal, chosen by an award-winning photographer  Montreal GazetteI met up with Ilana Block at the Technoparc early one morning. Within minutes we were observing a parade of birds.
10 Tips to Pass Microsoft Certification Exams and Earn MCSA Certification  The Leader Newspaper OnlinePassing Microsoft MCSA should not be as hard as you think. With a proper preparation and execution of your plan, you should find it easy to succeed in this ...
Top 7 foods for better nervous system - Foods contain Vitamin B12, Thiamine, Potassium and more  Times NowThe nervous system requires nutrients like Vitamin B, vitamin B12, magnesium and potassium among many others to remain healthy and strong to ensure that it ...
10 Best of the Best Stocks for 2019  Investorplace.comAs we move toward the start of 2019, the best stocks are not only showing their strength, but can carry it forward. These 10 make the list!
How to bring desktop gadgets to Windows 10  GizbotWindows Desktop Gadgets was introduced with Windows Vista and could be used for Windows 7 as well in order to increase productivity. These were really ...
UKIYO's Top 7 tips for bands and artists touring Perth  Music Insight21 year old Perth producer Ukiyo can't wait for you to get your ears around his new EP, Fantasy, which drops Wednesday, 1 August. *Fresh* from a touring run that ...
Music Festivals Are Great, but These 7 Tips Are Crucial  Study BreaksThe season of music festivals is right around the corner, and to make sure you're completely prepared, following a few tips can't hurt.
Call of Duty Black Ops 4 Zombies Guide – IX Tips and Tricks  TrustedReviewsDespite abandoning the solo campaign, Call of Duty: Black Ops 4 has still managed to impress with a robust trio of multiplayer modes. Zombies is one of them, ...
Top 10 Join App Tips To Use it Like a Pro  Guiding TechOne of the primary features of the Join app is to sync notifications across devices. While many apps let you send your Android notifications to PC, there are a ...
Open enrollment tips for benefits managers: Getting ready  BenefitsProAre you excited for open enrollment or feeling some anxiety about it? Or both? Check out and bookmark our top 7 must-read open enrollment articles for HR and ...
Fantasy Football: 6 Best Ball Strategies & Tips for Beginners  The Fantasy FootballersBest ball? Are you confused every time you see this mentioned on your Twitter timeline or Reddit thread? Now is the perfect time to sign up with DRAFT and use ...
Champions League Fantasy: Top 7 midfielders to choose  SportskeedaThe Champions League begins in less than a week and brings along with it the excitement of the Fantasy game. You aren't eligible for prizes if you're outside ...
Top 7 Benefits Of Push-Ups You Never Knew  Doctor NDTVA standard push-up activates every muscle of your upper body at a time.The amount of strength that it takes to perform a 25-rep set of push-ups is immense.
The Top 7 Safety Tips for Real Estate Agents From SentriLock  Business WireIn 2017, almost half of female REALTORS reported feeling unsafe at least once on the job. To help reduce their risk, SentriLock offers top safety tips.
Exploring San Diego Top 7 dessert spots in San Diego Zac Self 3:11 PM, Jul  10NewsSAN DIEGO (KGTV) -- It's no secret that San Diego has a great food scene, but America's Finest City also has some great dessert spots to explore. Whether you ...
The Top 7 Video Games Releasing In October (2018)  ForbesOctober has landed. Along with falling leaves, jack-0-lanterns and the first hint of cooler weather, this month brings with it a whole slew of upcoming video games ...
Planning a divorce? These are the top 7 things NOT to do, say lawyers  Liverpool EchoDivorce is a messy business - this is how to make it as smooth as possible.
Top 7 branded perfumes for Indian men  Times of IndiaBest Products News: Perfumes have become one of the key essentials in today's fashion industry, we too thought of bringing you some of the hot picks of ...
Android Pie and One UI on Samsung Galaxy S9: Top 7 things to know  Android CentralAndroid 9 Pie and the new One UI interface is now available for the Galaxy S9. Whether you're not interested in unstable beta software or just haven't been ...
The Top 7 Aviation and Aerospace Stocks to Buy Now  Investorplace.comAviation and aerospace stocks have found themselves in some crosswinds. On the one hand, they've enjoyed an amazing run in recent years. On the ...
Are you a day trader? If yes, here are top 7 factors to consider for wealth creation  Moneycontrol.com"The key to successful day trading is being consistent and doing things which are repeatable. Hence tone down your expectations, if you are generating ...
10 Stocks That Can Move Higher Whatever Happens  Investorplace.comMorgan Stanley says these stocks should outperform even if the market slows down in 2019. That makes them excellent stocks to buy.
Sale of residential properties up 25% in top 7 cities in H1  Economic TimesBerlin: Residential property sales across India's top seven cities have revived post demonetisation and have risen 25% in the first six months of the current ...
Sensex, Nifty: Here are top 7 stocks to focus on today  Business TodayThe Indian equity market is likely to open higher on Thursday, tracking firm cues from global peers and Nifty futures on Singapore Stock Exchange (SGX).
Top 7 Reasons For Platinum Price Growth  United States Gold BureauOnce the darling of precious metals, platinum recently hit a 10-year low and many analysts think the bottom has finally been reached. Could now be the time to ...
How to use the new group FaceTime feature on your iPhone/iPad  GizbotThe group FaceTime feature that is available in iPhones and iPads and how to use it.
Champions League Fantasy: Top 7 players for matchday 4  SportskeedaChampions League football heads into the latter stages of its group stage with Matchday 4 now upon us. The groups are now beginning to take shape and there ...
Bundesliga Official Fantasy: Top 7 players to sign  SportskeedaThe Bundesliga has jumped on the Fantasy Football bandwagon and have created their own Fantasy game which will go into its second year this seaon.
Top 7 Fitness Myths You Need To Stop Believing  NDTV NewsIn the world of fitness, each day brings a set of new myths and facts to you. Little do you care if the statements are in fact a myth or a fact! Sadly, the myths seem ...
Top 7 Ranking Signals: What REALLY Matters in 2019?  Search Engine JournalFrom mobile-friendliness, to *content*, and to backlinks, here are the seven ranking factors that will really matter that most for SEO in 2019, and why.
10 Strong Buy Stocks From the Best Analysts on Wall Street  Investorplace.comHere are ten stocks recommended by analysts with the strongest track record on the Street. These are equities that our top analysts have slapped with a 'Strong ...
Giants vs. Falcons: Hat Tips & Head-Scratchers  The FalcoholicIt was an unexpected defensive battle, with the Falcons ultimately coming out on top.
Aeriel Yoga: Top 7 Health Benefits Of Aeriel Yoga  NDTV NewsYoga, as we know, is an art of meditation and relaxation. Yoga helps to keep the mind relaxed and calm.
How To Ace The Top 7 Most Common Interview Questions  Forbes NowI always tell my clients that they should be prepared to answer all sorts of different questions during a job interview. After all, employers are known for throwing in ...
These are the 7 stocks that Goldman Sachs wants you to invest in  GQ India - What a man's got to doLeading market analysts, goldman Sachs have predicted a bright future for the Indian stock markets. Here are the seven top stock picks according to Goldman ...
4 Skincare Tips That Will Help Indian Men Survive The Harsh Winter Season  MensXP.comThe cosy winter weather brings along moisture deprived and flaky skin, which can be highly daunting for most among us. Hence, here is a skin care guide which ...
10 Stocks to Buy When the Yield Curve Inverts  Investorplace.com[Editor's note: This story was originally published in October 2018. It has since been updated and republished in line with recent inverted yield curve news.].
How to use Microsoft PowerPoint to record your screen  GizbotRemember that scene in that movie that you had to share with a friend? Or the really important technique or shortcut that you just figured out how to do that you ...
How To Ripen Kiwi: 8 Expert Tips To Ripen Kiwi At Home  NDTV FoodKiwis are full of nutrients like vitamins C, K, E, folate, and potassium. High vitamin C *content* works wonders for immunity system and fighting inflammation.
Proposed 2019 Medicare QPP rule: Top 7 things doctors should know  American Medical AssociationPhysicians have weighed in on the Centers for Medicare & Medicaid Services' (CMS) plans to modify the Quality Payment Program (QPP) in ways intended to ...
Top 7 Best Bitcoin Trading Bots in 2018  U.TodayPicking the right bot for automated trading may be difficult, but this comprehensive review of the top 7 best Bitcoin trading bots will surely alleviate the task.
3 steps to add a second monitor to your PC  GizbotThe steps to take in order to set up multiple monitors.
The 10 Best Marijuana Stocks to Buy in 2019  Investorplace.comMarijuana stocks have suffered a massive beatdown in the markets, but this opens the door to significant potential in 2019.
SA chef named top 7 in the world  Eat OutAs you may have heard, the highly anticipated weekend-long S.Pellegrino Young Chef competition took place on 12 and 13 May in Milan, Italy. 21 talented ...
How to recover your Facebook account when you cant log in  GizbotFacebook. The name has reached most ears at one time or the other. While some cannot pass a day without scrolling through the feed, like a few posts and see ...
Oh, baby!: Texas boy tips the scales at almost 15 pounds  STLtoday.comAfter her first child weighed nine pounds, 10 ounces at birth, a Texas couple weren't stunned their second child would be large.
How to Lower Cryptocurrency Trading Fees: Top 7 Ways to Reduce Costs  Bitcoin Exchange GuideAs with all financial transactions, trading cryptocurrencies also come with their own fees. The exchanges bill you, credit/debit card issuers bill you, banks bill you ...
You can't go wrong with these top 7 holiday tech gifts  St George NewsST. GEORGE — The joy of giving can sometimes be hindered by not knowing what to give when trying to find the perfect gift for every person on your list. But just ...
'American Idol' results: 2 out of 3 local contestants make Top 7  6abc.comTwo of the local contestants made the cut Sunday night on "American Idol," but one did not.
The Votes Are In: The Top 7 Wireframing & Mockup Tools for Mobile App Pros  Business 2 CommunityYou know how valuable it is when you've found the perfect tool for your mobile app product. You discover it, you play around with it, you fall in love with it, and ...
Top 7 Foods To Gain Muscle Mass  Doctor NDTVIf you thought that hitting the gym more often and engaging in intense weight training will help you build some serious muscle mass, you are mistaken. The most ...
How to use Google Maps on JioPhone 2  GizbotSteps to use Google Maps on JioPhone 2. JioPhone 2 is an upgraded, compact and lightweight device which features a horizontal display and also has a ...
How to enable Google Dialers Floating Bubble feature  GizbotWhat is it? The Floating Bubble feature is an improved way of notifying incoming calls. For people with the latest Android versions, calls are notified by a block on ...
5 ETFs to Benefit From 6-Year High U.S. Inflation  Investorplace.comConsumer prices in the United States grew 2.8% year over year in May 2018, above market expectations of 2.7%. It also marked the highest inflation rate since ...
'American Idol' 2018: Top 7 Contestants Revealed! | American Idol  Just Jared'American Idol' 2018: Top 7 Contestants Revealed! American Idol just revealed their Top 7 contestants following the first live coast-to-coast broadcast! Viewers ...
Roger Sanchez' top 7 Ibiza anthems  Skiddle.comRoger Sanchez gave us his White Isle tips on all time classics, secret weapons and upcoming greats.. The latest Festival news - Skiddle: The UKs best What\'s ...
Top 7 defensive midfielders in the world  SportskeedaThese defensive midfielders are currently the best in the business.
How to download all your data from LinkedIn  GizbotHow to save the data on your LinkedIn account after you have deactivated your account. Using this simple trick, one can easily download the data from the ...
Top 7 E-Commerce Business Ideas for 2019  AXcess NewsAre you preparing to start a major new business in 2019? Expanding an existing ecommerce empire or building a new one, does not happen by accident.
Seven things to do this weekend in Morris County  Daily RecordSeven cool things to do in Morris County this weekend - from Morris Canal lessons to Star Wars May 4th celebration.
The 7 Best Penny Stocks to Buy  Investorplace.com[Editor's note: This story was previously published in November 2018. It has since been updated and republished.] Penny stocks are often dangerous for ...
Top 7 Contenders to win the Champions League this season  SportskeedaThe UEFA Champions League has seen Real Madrid dominate the tournament by a huge margin in the last few years. Winning the tournament thrice in a row, ...
Top 7 strikers in the UEFA Champions League right now  SportskeedaUEFA Champions League will once again host some fabulous strikers, record-breakers and trendsetters. We list the top 7 of them right now.
Top 7 Successful Cricketers and Their Business Ventures  SportskeedaCricketers are setting benchmark on and off the field. They are very good entrepreneurs. Here are 7 cricketers and their business ventures.
FIFA World Cup 2018: Top 7 attacking duos at the tournament  SportskeedaThe best attacking partnerships to watch out in Russia.
Top 7 Cool Outlook for iOS Add-Ins to Try out Right Now  Guiding TechThis is hands down one of the most useful Outlook for iOS add-ins. Evernote lets you directly save emails to any of your Evernote notebooks, no questions asked ...
How to use TRAI DND iOS app to block spam calls  GizbotApple and the TRAI (Telecom Regulatory Authority of India)'s clash regarding the Do Not Disturb app for the iOS platform came to an end when TRAI threatened ...
Top 7 stocks which could grow from small & midcap stock to largecaps: Porinju  Moneycontrol.comInvestors who are just focused on Nifty and Sensex might miss a big opportunity which is there in the small and midcap space, says Veliyath who is MD, Equity ...
How to add music to Instagram Stories  GizbotEveryone likes adding a story to their Instagram profile. With your Instagram story, you would be able to tell your friends and followers the recent happenings in ...
Top 7 highest paid Chelsea players so far in 2018  SportskeedaThe 2017-18 season was an abysmal one in retrospect for the 6 time Premier League winners, despite ending it on a high note as they clinched the FA Cup title ...
How to send large files via email  GizbotWhile most of us are familiar with using email for communicating with personally and professionally, the size limit that is imposed by most services on files that ...
Costco employees share their 9 best tips for getting an even better deal on your next shopping trip  Business InsiderCostco deals aren't always easy to spot. Here's some insider advice on how to make the most of your next shopping experience, from the employees ...
10 Strong Buy Stocks for Under $10  Investorplace.comThese strong buy stocks are all currently trading for under $10, but they also have substantial Street support right now.
How to disable or limit Cortana  GizbotCortana is voice assistant that debuted on Windows Phone-based smartphones in 2014. A year later, the Cortana voice assistant made its way to the Windows ...
Falcons vs. Saints: Hat Tips & Head-Scratchers  The FalcoholicI'm not quite sure why the Falcons even bothered getting on the plane to New Orleans. Another sleepwalk through 60 minutes, this time the final nail being firmly ...
10 Tips for Hiring Top Employees | 2018-02-12  Ratchet+WrenchIn a recent article of mine, I used the sport of fishing to build the foundation for attracting top talent. It's worth a read (no really, it is), but in the best interests of my ...
How to create copies of apps to use multiple accounts  GizbotWhen apps first came into the picture, it was a great addition to a device that was primarily made for making calls and sending messages. Today, they have ...
10 best tax-planning tips for 2019  Bankrate.comWith the end of 2018 approaching, it's time to start strategizing about how you'll handle your federal tax bill, and it's even more complicated this year because ...
Celebrate National Taco Day with the Top 7 taco spots in SoCal, submitted by ABC7 viewers  KABC-TVCheck out these great taco spots, shared by our Eyewitness Foodies.

7 Ways To Get One-way Links To Your Site

One way links will help you gain better rankings in... Read More

Top 7 Strategies for Writing Accounting Procedures

Part Two of Cash to Cash Cycle SeriesNext: SalesWe've already... Read More

10 Steps for Business Owners to Take if They Are a Victim of Identity Theft

Be aware that 40 million crooks obtained credit card numbers... Read More

7 Ways To Make A GREAT First Impression!

1. Focus on the other Being known as a... Read More

Top Ten Tips When Business is Slow

How's your business going to keep growing with the holidays... Read More

Top Ten Ways to Manage Interruptions

So many people I worked with said they got more... Read More

Business Meeting Etiquette

Business etiquette is essentially about building relationships with colleagues, clients... Read More

How To Finally Unlock Your True Potential And Discover The Secret To Lasting Success

Did you know that there is one critical difference between... Read More

Top 10 Ways Websites Makes Me Suffer

I believe some people create and publish websites for the... Read More

Top Ten Things to Do to Make your Signature File Sell

Always include a powerful signature on every email you send... Read More

Ten Tips to Build a Culture of Inspirational Leadership

Leadership, leadership development and leadership training are "Hot" issues in... Read More

7 Tips To Increase The Success Of Your Online Business

1. Outsource what takes you too long to doWhen you... Read More

How to Hold An Extremely Successful Event - 10 Tips

Every event you hold can be extremely successful. Apply these... Read More

Top Ten Tips for Improving Your Cash Flow

Cash is king-so they say. If you work for yourself... Read More

I WANT IT NOW - 10 Tips for Freight & Drayage at Trade Shows

Gas prices continue to go through the roof and increased... Read More

Business Goals - The 10 Commandments

The Ten Commandments of Goal Setting While it's good to... Read More

Why Dont They Just Get It Done: 7 Performance Tactics for CEOs

Buckling under the weight of chronic corporate restructuring, and frustrated... Read More

The Top Ten Ways to Attract Buyers, Not Just Visitors to your Web Site

Have you put a lot of effort, time, and money... Read More

The Top Ten Ways to Stop Procrastinating Now

10. Procrastination Condemnation - Lose the Labels! All those things... Read More

Tips to Starting your Own Busniess

The 9-to-5 grind can make you feel like a just... Read More

Famous Business Strategies

Either simply a looker-on or a player in the world... Read More

Positioning Your Company for Debt Financing

Positioning Your Company for Debt Financing:There was a time in... Read More

How to Become an Expert in Your Niche Business

What is a niche business? A niche business is one... Read More

Entrepreneurs - 7 Business Mistakes You Must Avoid

Many mistakes can be made in business and if you... Read More

Never Sell Again: Get Repeat Business and Avoid the Need to Prospect

If you're a business owner, you know that repeat business... Read More