Ameet Parekh Review | Profit Generation Made Easy

Profit Generation Made Easy Most entrepreneurs get into business to make money While the reality for most business owners is they only do sales to generate turn over With close to no profits in the their business And that is precisely what Ameet Parekh will discuss in today’s session How to generate Profits inn your business easily

Starting a business and getting customers is not really the most hard part of building and running business The hardest role for a business owner is to keep your business profitable It is extremely important to prioritize profitability in your business otherwise it’s like ride a Motor bike which has a leaking fuel tank..

So let’s look at some of the ways to create profitability in our business

Method #1) Be Proactive in Marketing So many business owners I know give in to their customer’s demands and negotiations just to ensure flow of money

Majority of business face the challenge or lowering their margins because they go down to their customer’s needs and request The most effective way to protect your margins is to become consistent in marketing Because the role of marketing is to create pipeline of prospects who are interested in your product or services And having this pipeline means having the control of driving the business on your terms and margins So to increase your profitability, become proactive in marketing

Method #2) Set a MVP Price The customer will always negotiate But where most entrepreneurs go wrong is they do not set a MVP (maximum value preposition) which is your absolute best price point to offer to your customer Below this you should not enter any deal.

So, Whenever you go for a sales pitch first pitch an offer price or retail price and then during negotiations close down at the MVP.

Method #3) Look for New Product/Service/Markets

Here is how working or researching on new products or services or marketing can help you.. if you research your customers desire, need, problems and pain points.

You can develop solutions in the form of product or services And 2 things can happen: #1) You can attract new customers for these product or services #2) You can upsell to your existing customers and making more revenue per customer and profits

Method #4) Creating a Financial MIS There is a rule in business Data doesn’t lie And I cannot emphasis enough the set a reporting system to track every penny that moves in your business It does not matter what nature of business you have Doesn’t matter what product or service you sell Doesn’t matter which segment of market you sell Keeping a track of data is absolutely important to save money

Having a financial MIS can save you money and not having can be the biggest reason you are losing money.

You must have a proper measurement system for tracking your expense, your profit per sale, profit per client or project Not having this data means you’re playing the game of business blindly So make sure you track each and everything So that you can track what is working for your business and giving you high return on efforts

So these are 4 ways you can work on increasing your profits easily Hope this helps Cheers and browse Ameet parekh’s reviews for more information.