Diane will be able to back me up on this one:
Increase your prices by 1%. It costs virtually nothing (new price tags? an hour of staff time?), and because no expense was incurred in making the extra 1% income, it flows straight to the bottom line and depending on your other expenses, should make you an increase in profit of maybe 10% (a study gave this as an average. Yours could be vastly different. I can't remember who did the study, but if I do, I'll come back and cite it).
Cool, eh?
Most customers won't notice a 1% increase. Eg: A $1 widget now costs $1.01.
Get off the computer, you have prices to change! ;-)
Daniel.
Increase your prices by 1%. It costs virtually nothing (new price tags? an hour of staff time?), and because no expense was incurred in making the extra 1% income, it flows straight to the bottom line and depending on your other expenses, should make you an increase in profit of maybe 10% (a study gave this as an average. Yours could be vastly different. I can't remember who did the study, but if I do, I'll come back and cite it).
Cool, eh?
Most customers won't notice a 1% increase. Eg: A $1 widget now costs $1.01.
Get off the computer, you have prices to change! ;-)
Daniel.
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Pix qsodi veht emm suapf!
