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Argumentative Business Analysis

Satisfactory Essays

Business Advices to Make the Business Profitable
A large number of businesses exist in the market today that can bring instant profit to business owners. However, there are certain requirements that need to be satisfied in order to make the business profitable. As a business owner, it is important that you remember you can make profit only if your customers find that what you are offering is beneficial and better than others.
Brendan Wetzel gives some strategies to the business owners so that they can make their business much more profitable:
• In order to make your business profitable, it is important that you evaluate the business productivity constantly. You should not hire anyone or anything for the business as you cannot afford waste. …show more content…

So, it is very important that you focus on monthly sales goals as well as on weekly sales targets. By doing this on a day to day basis you will always stay focused on marketing.
• In order to maximize your profits you should know how to upsurge your income at a higher ratio than your expenses. You will need to generate the maximum value from each client and upsell them extra services and products to get more business.
• You should know how to evaluate your pricing strategies so that it can enhance profits and make your small business more lucrative. Ensure that you assess all types of costs in the pricing model. Remember that you should not undersell your services and products to drive a high-volume as right pricing will attract the right buyer who is eager to pay for quality.
• With so many businesses fighting for the support and attention of the customers, it is important that you take the required time to investigate your present and prospective customers. When you find them you should examine the market and see if they purchase the product. In case you find that the customers are not interested in your product; then you should get back and re-evaluate your products. This will help you find out if your objective is off or your plan of reaching them is

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