4. Focus on passive income/side gigs
If you already have a website, why not put Google Adsense onto it, or try any of the hundreds of other ways to have a bit of revenue, for minimum effort? It may take a bit of time to compound, but as you don’t need the money, putting aside extra an extra $200-$300 into your retirement account, will make a huge difference in 20 years.
5. Inbound and outbound marketing
Often businesses are very good at the outbound marketing (say sales calls or meeting people face-to-face) but are weak at inbound marketing (social media content and other ways of drawing people to you), or vice versa. Focus on both, and use the 80/20 rule here. About 80% of your results will come from 20% off your efforts, and about 64% of your results will come from 4% of your efforts. Through trail and error, you can see what works.
6. Consistency and persistence
It sounds obvious, but just because something is common sense, doesn’t mean it is implemented by most people. Knowing something and doing something aren’t the same thing. How many super healthy doctors do you know? Even if you know the things that work, it is surprising how many people find it difficult to keep at it. Knowing about how the 80/20 rule applies to your revenue is pointless, for example, if you don’t implement it with persistence.
Since am a web developer i have realized that some of your links in your articles are leading to a page not found error
like this 6-ways-to-increase-revenue-and-sales part one link on this page and also on https://adamfayed.com/howtobecomerichbyinvesting/ page the last two links with Best Investment Books for beginners at the bottom.
thanks for the article and advise anyway
Thanks Ismail, yes it is currently being fixed.
An obvious way to improve sales and boost revenue is through marketing. Analyze data on customer purchases and product preferences. Based on strategic plans. For car dealers who mainly work on commission, this is an important cue. If you’re promoting your business online, you’re likely to be spending your hard earned money on digital marketing. For example If you run a business of used cars in sharjah like firstchoicecars.com. You have to spend some time and money on social media or other marketing platforms to generate more traffic.