business advice

Cut Expenses, Not Staff: Strategies for Cutting Expenses

Cut Expenses, Not Staff: Strategies for Cutting Expenses

During tough economic times, it’s critical that businesses reduce expenses, especially their larger ones. However, staff cutting should be an absolute last resort regardless of how much of a quick fix it may appear on the surface.

 

So, if cutting staff is not the answer, what else can you do in a must-reduce expenses situation?

Sell Smart to Increase Your Profits (Part 3: Package Products Together)

Sell Smart to Increase Your Profits (Part 3: Package Products Together)

Packaging products together is a fantastic way to offer customers exceptional value and at the same time increase your average transaction value.

Packaging, cross-selling and up-selling all help you increase your average transaction value, however with cross-selling and up-selling you need to wait until the customer makes a purchase before you can recommend add-on products.