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 discount to the friend they refer.

Host an Event

It may sound corny and overdone, but there is a reason business owners do this. It works. Customers can’t resist a big event. It also draws attention to your services or products. Set aside one day to have a big customer appreciation party. Provide free food and beverages as well as a main event such as a bounce house for the kids.

Adding to the services you already provide, reaching out to both old and new customers, and hosting an event are all great ways to give your business a little boost. If all goes well, the initial application of any one of these ideas will generate sales, but if done properly, they should continue to bring more cash in as time goes on.