More ways to increase more business income or profit

As we know income or profit is the life blood of any business center. If income or profit grows then small enterprises can become a larger corporation. Also making money from business legally is very much important that's why I thought and giving now following ideas on how to increase more business income or profit from any business enterprise:

1. Develop your business:  Business development is essential for any type of business so, develop your business to increase your business income.

2. Increase sales:  Increase average sales, more sales means more profit.

3. Increase purchase in bulk amount: You have to sales your products according to your market demand, so as per demand you may increase purchase of products from supplier or manufacturers to mitigate the consumers demand.

4. Raise your customers: Clients are the soul of any business. No customers no sales no business. So increase number of clients to grow more income.

5. Offer multi types products or services: Say if you have a shopping mall, please don’t sale only few items, add variety of products or services in your mall so that customers get products as per their demand.  

6. Selling own products or services: If are doing computer related products or service oriented business then you can add more products or services in your own company name. You may select a new brand name. Also you can sales accessories or spare parts by own business name for growing additional business.   

7. Introduce other products or services: In your business line you can introduce other products or services to create linkage with other business man and as well as expand your network with potential customers.

8. Build individual relationship: If you create individual relationship with customers as a result customers will believe you and shall come back again. And they'll recommend to others to buy products from your shop. 

10. Organize seminar, workshop or event: You can arrange sponsorship, seminar and workshop or event management to introduce your business through the electronic or print media so that viewers or audiences may aware about your nature of business.

11. Increase own capital: More investment in a profitable or returnable project means more ROI (Return on investment).

12. Enhance your business loan: If you observe your business is running well and having good demand in to the market then enhance your business by taking more loan or debts.    

13. Observe your competitors: Carefully follow your competitors business, what they are doing in to the market. And then technically apply a superb business policy or strategy.

14. Increase sales or revenues: Gradually increase in your sales or in revenues will dramatically helps to increase your net profit in business.    

15. Reduce any more interest bearing debt: More interest bearing debt means extra burden for you. So cut off or reduce such type of debts from your business and go for low interest debts or loans.   

16. Reduce your expenditures: Decrease unnecessarily expenses like over entertainment expenses, advertisement expenses, utilities bills, membership subscriptions etc. If you do so, net profit will increase chronologically.

17. Decrease your company assets: Sort out your company's idle assets and then sell it to market in order to make cash or gain on sales and reinvest this amount of money in your business. Therefore, it’ll assist you to increase your net profit. 

18. Increase your professional staffs/workers: Only few staffs can't able to provide outstanding customer supports or service. Even they can’t satisfy customers properly so, recruit professional employees to deal with all of your customers. Mind it “Lack of customer's satisfaction means lack of resale.”   

19. Look for co-partners: If you have very limited business capital and you are having demand for co-partners then go for partnership business. Look for trustworthy partners. As a result of more partners you will get more equity or capital for your business.

20. Always offer a quality products or services: You have to follow or review your existing product or services quality. You have to ensure high quality products for your business goodwill or publicity.

21. Learn something special for your business: Knowledge is unlimited. You can learn or gather more knowledge by reading online books, journals, attend in to a seminar, training if necessary.  

22. Today's visitors may be customers of tomorrows: You'll notice sometimes peoples peeping your shops or office premises to look the products or services. They may be searching their desired products for future. So, in such cases look after them warmly to turn them in to your tomorrow's customer. 

23. Management or administration: Good administration helps a business organization to achieve its mission, vision and goal properly. So, recruit experienced employees for the administration or management department.  

24. Motivate your existing employees: Motivate your existing employees with sharing annual or quarterly profits, monthly incentives, bonuses, insurance benefits, provident fund, financial or non financial rewards, if possible provide them promotions, maintain ACR (Annual confidential report) for each and every staffs, do the performance appraisal, fresher or old employees sometimes required job oriented training etc.

25. Use adsense in to your company website: If you use adsense in to your website then when visitors will click on their ads you'll get an amount of money from Google upon pay per click. 

26. Sale ads in your website:  When you generate large traffics in to your website then you'll see other businessman shall offer you to publish their business ads in to your website. As a result you will earn some money.        

Eventually, above mentioned 26 points I wrote in order to give you varieties idea on how you can increase more income or profits from your business organization.