Welcome to Nigeria's Number 1 Business Blog

Six Ways To Grow Your Revenue In The Next Six Months

The second half of the year has started and it is a good time to evaluate the first half of the year and make plans on how you can improve so that you can achieve your goals for the year. Most business owners’ are concerned about how they can generate more revenue and meet set targets, so I came up with six ways you can grow your revenue in the next 6 months:

on sale

  1. Put old stock on sale: if you sell products and you have had some stock that has been around for the last 6-12 months, it is time to put it on sale. Offer a major price slash (make sure you cover your basic cost) and announce it to prospective clients. A sale is a good way to get new customers and make existing customers buy more.

 

discounts

  1. Offer a special discount to existing customers: You can offer a special mid-year or festive discount to your existing customers, especially if you are selling services. It could be ‘20% of your next patronage’ or ‘10% off if you pay for two of our services’. Figure out a good discount that would be attractive to your customers and boost sales.
  1. Give out free stuff in exchange for new customer contact: Your client database is gold! Because it is your way of communicating with them about new products or offers. Make it your commitment to build your database in the next 6 months. When you participate in a fair or event that has your potential clients, give people free stuff in exchange for their phone number and email addresses.
  1. Set up a referral system: A referral system is a way you would reward or compensate people who refer customers to you. You can tell your existing customers that you would give them redeemable credit or bonus point every time they refer someone new or you can give them an instant gift or discount. This way, your existing clients become your sales people!

publicity

  1. Get some publicity for your business: publicity increases your business credibility. This could be an interview in a magazine or blog, or someone referring to your business at an event. Make it your goal to get some publicity for your business. Not all publicity is paid publicity, some of it can be free, and it depends on how you pitch it to the publicity medium.
  1. Subscribe to salestaronline.com and get a free guide: this is the last and a very important step because on the website we provide key information that would help you grow your business revenues. We also have an upcoming free e-book-‘5 reasons small businesses don’t grow and what to do about it’. We would send it to you when it is released next week if you are on our subscriber list.

Commit to applying these 6 steps and I believe you would see a difference in your business. Share your success stories with us as it happens.

LOVED WHAT YOU READ?! THEN DON'T MISS ANY NEW POST! STAY UP TO DATE
Join over 9500 Subscribers who receive our newsletter on updates about Nigerian Entrepreneurs, SMEs, Latest Business Events, Business Opportunities and of course The Nigerian Entrepreneur of The Day
We totally hate spam. Your email address will not be sold or shared with anyone else.
'Tale Alimi
About the Author
'Tale is a Business growth consultant&coach with an expertise in helping businesses grow their revenues. With over 13 years corporate experience in Consulting, Telecommunications and Technology sectors; she was part of or led teams that grew the business revenues of these organizations. She was a lead facilitator at Businessday SME connect conference. She has a Masters in Business Administration and is currently the Lead coach/consultant at Salestar Africa( salestaronline.com.com). You can contact her via email: tale@salestaronline.com. Like Salestar Africa on Facebook: https://m.facebook.com/salestarafrica. She is also committed to inspiring cosmopolitan African women to achieve their highest potential through her platform; thefivestarwoman.com.

Related Posts

  1. Guest Reply

    Good points are touched on this article. I consider the referral program for a business as a way of getting new customer and at the same time keeping the old ones.
    You are right on point.

  2. Ibrahim Reply

    Great tips. I also want to add :
    Consider checking your customers who have not been buying from you within the past 1year. Let them know about the new products or improvement.

  3. Serena Reply

    Very lovely tips indeed

  4. Pingback: Six Ways To Grow Your Revenue In The Next Six MonthsFor Naija | For Naija

  5. Olawande Reply

    Nice tips, my 2015 has just got lit!

Leave a Reply

Loading Disqus Comments ...