subject: 5 Proven Ways To Grow Online Business Profits [print this page] 5 Proven Ways To Grow Online Business Profits
Once you've got your website up and running and making some sales, get the most leverage out of your efforts by using these five proven ways to grow your online business profits, and maximise sales to your list. By taking the time to implement them at this stage of your business, not only will you help grow your online business profits, right now, but you'll also be ensuring the continuing success of your online business in the future. 1. Cultivate Your List Whether they're existing customers or prospects, your email list is your source of no-cost future sales, so treat them as the valuable asset that they are. Contact them regularly to build your relationship. Give things away. When you find an article or free download you know would be useful to them, email them telling them how to get it. Make sure that you are giving them something useful on a regular basis, so that they look forward to receiving your emails. Then, when you want to make an offer to them, it is much more likely to be well received.2. Find Ways To Increase Your Product RangeIncreasing your product range means more customer choice and more sales. Now, it's not necessary to produce a whole load of different, new products to achieve this, you can start by just re-purposing what you have and market it in different forms, so you provide a range of formats and prices, and your customers have the best possible choice to suit their taste and their pocket.Take the provision of a technical service, like setting up a blog. If that's all you offer, then your potential customer can either afford the service or not. Now, for those who can't, create DIY instructions as an ebook, for half the cost. Now your sales will increase, because customers who couldn't afford your personal services, can take up this cheaper option. And, some will still come back later for the full service anyway!Using the ebook, create a video version for people who prefer to be led through the process visually.Again, you'll find that some people who buy the ebook, also buy the video. That's why increasing your product range in this way, will grow your online business profits, with a minimum of effort.3. Have An UpsellYou must have an upsell offer, if you want the opportunity to grow your online business profits, every time you make a sale.As customers are at the checkout ready to buy, that's the time to make them an upsell offer. The upsell just needs to have an exclusive bonus element to be attractive. i.e. offering some extra service, or goods at a specially reduced price for this transaction only.Following on the example above, your upsell could be a special price 12 month blog maintenance service. And, you could still upsell, on the downsell ebook, by making a special offer price to include the DVD at the same time.Some people will take up the offer and you will grow your online business profits, just by making the offer at the right time.4. Put Your Customers FirstYou want to keep your customers and have them recommend you, so make sure you treat them courteously, not just as a source of income. Don't just swamp them with "buy more emails". Ask yourself what their problems are, what they really need from you and then offer it to them from time to time. Always thank them for their purchase and find out if they're happy with it. If they've any issues, always, always, honour your guarantees, generously and immediately. It's best for you and your business.5. Market Through An Affiliate Programme To grow your online business profits quickly and easily, offer it to affiliates. Any sales you make bring in additional income, without any advertising or other efforts on your part. Put your product on Clickbank. They'll find your affiliates and do all the admin. Or find suitable websites in your niche and approach them directly and ask if they would market your product. Here, you'll need to do your own admin or, you can use an affiliate management service. Now, to grow your online business profits, just start implementing these strategies, as soon as possible, for great results!
