Even a successful business will reach a plateau at some point in time where sales level off. If your business is at a point where it is still generating money, but the profits simply are not increasing, try one of these tips to generate a bit more of a cash flow.

Adding to Your Services

If your sales have leveled out, it only makes sense that adding to your line of products or services will certainly bring in some extra income. For example, a restaurant owner could apply for a liquor license in Dallas, TX. You don’t have to go big. Small changes work fine. A salon owner could add just one extra line of hair care products in order to generate excitement within the shop.

Reach Out to the Customers

Word of mouth is still a valuable form of advertising. If you could get your customers to bring in at least one new client, your customer base could double. Encourage your regulars to do so by offering a bounce back promotion. This is where you offer an incentive to both old and new clients. For example, give each customer that refers a friend a discount. Provide the same … Read more