Making your business more efficient doesn’t have to be an expensive endeavor. In fact, there’s much you can do without spending an arm and a leg. These ideas can help you realize more profits and be more productive in your small business.
1. Increase the Money You Make From Existing Customers
It takes time and money to acquire brand new customers. In fact, one key metric you should be tracking in your business is your customer acquisition cost. Typically it’s fairly expensive, so you want to keep that cost down. It’s a much more efficient use of resources to find ways to make your existing customers so thrilled with you, that they will want to spend more with you.