4 Ways to Increase Revenue
If you want your business to bring in more money, there are only 4 Methods to Increase Revenue: increasing the number of customers, increasing average transaction size, increasing the frequency of transactions per customer, and raising your prices.
Believe it or not, there are only four ways to increase your revenue:
Increase the number of customers.
Increase the average transaction size.
Increase the frequency of transactions per customer.
Raise your prices.
Imagine you’re operating a restaurant, and you want to increase the amount of revenue that that restaurant brings in. Here’s how to apply these strategies:
