Revenues realized from the cost reduction efforts does go towards the overall financial strength of the institution.
The yearly report financial bottom line is always boosted by the amount of additional revenues generated through these efforts.
With our vast industry experience and real life involvement in corporate entities, domestic and international, annual gains have ranged from 1% to 20%.
Each individual program area will vary. However, we have been able to successfully turned some business units within the corporations into residual cash producing bottom line boosters to a tune of 20% minimum.
More Ways You Can Increase Your Small Business Revenue
All businesses are exploring ways and means to reduce their advertising dollars to mitigate their overall spending these days while expecting to increase revenue in the short and long terms.
Personalized giveaways, as promotional items with your logo and message on them, are one of the best ways to increase your return on investment. For a relatively low price, you can raise awareness of your brand and reach more potential customers and customers, converting people who were not aware and appreciative partners about your business.
What Can Free Gifts Get You?
Free gifts are appreciated by your customers or potential customers. His first impression of your brand is your generosity and your thoughtfulness. Thus begins a relationship that you can turn into a loyal customer for years to come.
With a free gift, you are placing your brand directly in front of your customer base and all their friends and colleagues. Such brand exposure increases your marketing efforts manifold without increasing your marketing dollars.
And as an added bonus, recipients of personal giveaways will usually work in line with the law of reciprocity: a natural inclination to return the favor when given something. Because you started a customer relationship with a free gift, they will feel inclined to return the favor by patronizing your business.
With a free gift, you are placing your brand directly in front of your customer base and all their friends and colleagues.
Such brand exposure increases your marketing efforts manifold without increasing your marketing dollars.
Does it Turn Into More Business For You?
Know Your Customer To Pay You Back.While it is true that everyone loves the word “free”, you will not be as effective if you do not know and appreciate your personal base and indeed your customer base.
When choosing the products you offer to represent your small business and the brand you worked so hard to build, you want to make sure that you are giving your customers the same great value that they are Will expect to receive when purchasing. Products or services.
Ask yourself what your customers want and give them a gift that exceeds their expectations. This is where all of your hard work digs deeper and makes you realize what kind of driver your customers are, what your ideal customer looks like, and what your customer profiles are. You will know what promotional handouts will resonate with your customer base.