As an entrepreneur, experiencing declining sales is a worrying thing. A lot of capital was poured to cover some losses.
Here’s how to increase sales and maximize profits.
Focus on Quality
Even though the turnover is moderate, it doesn’t mean you can lower the quality of the product. Product quality is the asset that keeps a business going. Maintain or improve quality to keep customers from buying from you. If there is an increase in quality, don’t hesitate to share this info with customers via social media.
Improve Service
Consumers will feel valued when they get good service. That way, they won’t have to think about buying again from your store. Use kind words every time you answer customer questions. Choose a particular admin to handle this.
Give Attractive Promotions
The word “promotion” is often thought of as something that customers should not miss. Therefore, why not do promotions to increase sales turnover?
Make sure the promotion can also attract new customers while keeping repeat customers. Do attractive promotions, such as giving discounts with a time limit. It carries the concept of FOMO (Fear of Missing Out), where customers will feel a loss if they don’t take the promotion. That way, they will immediately buy your product before the specified deadline.
Product Bundling
The following way to increase sales is by-product bundling. This means putting multiple products in one product and lowering the price. For example, you put several household products in one container. This method has proven to be effective in increasing sales. Customers will immediately find many things they need at one time.
Provide Warranty
Many people don’t buy because they have doubts about the product you are selling. To overcome this, provide a warranty. With this guarantee, you can increase the price of these facilities. That way, customers will feel safe and buy your product even at a different price.