9 Financial tips to increase cash flow

[ebookmania]

Increase Cashflow for Small Business Growth -
Author: Casy Gollan
Cashflow Idea No. 1. Use ‘cashflow’ sales checklists.
For sales people, get them to ask every single customer to make another ‘add-on’ purchase with the one they’ve already made. A great way to do this is to have a shopping ‘checklist’ of what the customer could buy.



Cashflow Idea No. 2. Use ‘cashflow’ payment checklists.
For your administration team. Have a checklist of your customers and when their payments are due. Set up reminder e-mails/sms’s/and faxes for each customer to ensure their payment is received on time.

Cashflow Idea No. 3. Increase your prices.
Most business people are so scared of increasing their prices. Yet when you do you’ll notice a couple of things happen. Firstly, ‘nothing’ may happen! That’s the ideal. Secondly you may lose a couple of customers, but they’ll typically be the ‘hard’ ones to deal with. If you increase your prices by 5 or even 10% across the board you’ve got heaps more profitability, and more room to move in giving great service.

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[HyipBest]

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Cashflow Idea No. 7. Accept only ‘good’ customers.
In light of the previous two points, only deal with customers that will gladly follow your trading terms. You may not like turning your back on some ‘slow’ customers, but it’s worth it when you get all ‘fast’ paying customers.
Cashflow Idea No. 8. Use only profitable marketing.
Try, test and measure all of your marketing. Financially analyse each marketing campaign so that you know it’s making a profit or a loss. Then use only the profitable ones. You’ll probably find that you’re wasting money on some marketing that isn’t bringing you in any money.If you’re not marketing, start testing some small ads/flyers/e-mails and keep going until you find something that works, with an offer that works in an ad that works. If you’re already advertising, test your headline, test other offers, test other mediums.

Cashflow Idea No. 9. Get someone else to endorse you
Find someone with a database that’s full of people who suit your target market, work out a relationship whereby you both end up winning and have them endorse you to their database. You may do the same for them, as did a hairdresser and a gymnasium, or a restaurant and a menswear shop.
These 9 ideas can increase your cashflow, and thereby increase your small business growth. So take each idea over the next 9 days and try each one in your business.

[Jenita]

Hi,

Your tips was very useful for me. Thanks a lot.