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1 Replies Last post: Jun 25, 2008 6:00 PM by rontowns25

I Need Some Killer Tips For Increasing Revenues????

Jun 25, 2008 5:58 PM

Click to view rontowns25's profile Mogul rontowns25 76 posts since
Jun 24, 2008
I'm looking for some feedback about killer tips to increase revenues. I work at a business coaching and consulting firm. Does anybody have any suggestions?

Here is something I put together:

You already know that the offer is the second most important success factor
of any direct marketing campaign, either online or offline. (The most important
factor? Your potential or existing client list.) What you may not know is that
the difference between an "okay" offer and a "killer" offer
can translate to many thousands of revenue dollars. The best use of your
marketing time and money, therefore, is to develop a killer offer and make sure
you have a great list.

Here are six tips that will raise your offer to "killer" status:

  • Figure out exactly
    who you are going to send the offer to.
    Follow just this one tip,
    and your campaign will be more successful than at least 90% of your
    competitors. Most businesses come up with the offer first, then decide who
    to send it to. This is nowhere near as effective as deciding who you want
    to attract, then fashioning an offer that will appeal to that particular
    group of people.
  • Make the value of
    your offer a no-brainer.
    Consumers today, whether businesses or
    individuals, are inundated with all kinds of sales pitches that include a
    multitude of offers. As a result, they are fairly suspicious and short on
    patience. Your offer must be so clear that your recipients understand it
    instantly. If your offer is some kind of discount for example, half off is
    easier to understand than 50% off, which in turn is a heck of a lot easier
    than 35% or even 60% off.
  • The offer should
    involve either a discount or a bonus or, even better, both.
    A
    bonus is something you will give free to someone who takes the action you
    are asking them to take. Offering a bonus will increase your response rate
    by as much as 30%.
  • Have a reason for the
    offer and make sure you say what it is.
    If you make a great offer
    for no reason, you will raise suspicion flags in your readers' minds;
    after all, we've all been told that there is no such thing as a free
    lunch. Therefore, you need a reason for your offer-we are new to the
    neighborhood, it's our business's anniversary, it's customer appreciation
    week at our company. Be as creative as you want, but be sure to have a
    reason.
  • Create urgency.
    There must be a reason for your readers to take immediate action. This
    could be an expiration date on the offer, an extra bonus for fast
    response, or some other element that will cause your client or prospect to
    take action.
  • Make the call to
    action another no-brainer.
    In the same way that the value of your
    offer needs to be crystal clear, so does that call to action. Tell your
    prospects exactly what you want them to do. Ask them to go to your web
    site and click on a particular word, come in to your store on a particular
    date or in a certain time range, whatever action you want them to take. Be
    very clear.
Incorporate these six tips into your
next direct marketing campaign and watch the results. You will see killer-level
improvement!

Year-End Business Finance Checklist

Taxes must be paid, but it is good business practice to minimize the
amount you must pay. As the tax year comes to a close, consider strategies to
help you reduce taxes and get a jump on next year's tax planning.

  • Spend extra time ensuring
    that your books are accurate. You need to have a good understanding of
    your financial situation as of the end of the year. Spend some time with
    your financial advisor to review any pre-January 1 actions that you need
    to take and that are particular to your operations.
  • Defer or delay income to next
    year. Revenues earned through December 31st are taxable this year. Income
    deferred or delayed until January will not be taxed until 2007. Any
    deferral strategy will depend on your profit and losses for the year and
    your corporate legal structure, so this is a topic for the year end
    discussion with your financial advisor.
  • Accelerate donations. Bring
    charitable donations scheduled for early 2006 charitable donations back to
    2005, and get a receipt for the tax deduction.
  • Increase your expenses. If
    you know you will need particular supplies, goods, and services in the
    first quarter of next year, buy them now if your cash flow will allow it.
    Stock up on office supplies, prepay bills for things like cell phones,
    insurance, and rents, book any early 2006 travel, and consider purchasing
    capital equipment now.
  • Delay the disposal of
    depreciable assets. If you plan to dispose of depreciable assets, don't do
    so until the new year so that you can still claim their depreciation for
    this year.
  • Write off damaged or obsolete
    inventory. Depending on the accounting method you use, check inventory for
    any goods that are damaged or have become obsolete. The drop in market
    value of the inventory can provide added deductions.
  • Make payments to your
    retirement plan or set one up before the year-end. Retirement plan
    contributions will reduce your income for this year. Check the
    contribution limits and payment deadline. for your type of plan. Discuss
    strategy with your financial planner.
This checklist will apply differently to each business owner's situation and
accounting method. Use it as a basis to review your best year-end strategy with
your financial advisor.
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Click to view rontowns25's profile Mogul rontowns25 76 posts since
Jun 24, 2008
1. Re: I Need Some Killer Tips For Increasing Revenues???? Jun 25, 2008 6:00 PM
here is a link to some great revenue building tips...
www.readtheanswer.com/index.php?RTA=web2