Last Updated on Mar 30, 2020 by James W
Every business owner on the planet wants to make more money. Even the founders of Google are trying to figure out new ways to make more cash. Cash is that important, especially if you are a small or medium sized firm. Luckily for you, there are plenty of low-tech ways that your business can start supplementing its primary source of income. If you want to find out more, carry on reading and check out the list below. It could be the difference between success and failure.
A logo isn’t going to make money directly. That is to say that no one is going to pay you for the privilege of using your logo. Indeed, you are the one that is going to pay them so that you can raise awareness of your brand. But, this is where it starts to make money indirectly. The more that people see your logo, the more they will spend on your products/services. For starters, it is a constant reminder of your brand. As a result, it will penetrate their subconscious and always be in the back of their mind. Plus, it is also a sign of your reputation. Even though anyone can get one, most consumers think that only the best firms invest in a logo.
A website is both a direct and indirect form of cash. Again, it is a marketing tool that raises awareness of your business. A good site will act as a cheap and effective form of advertising that is always accessible when the consumer needs it most. But, you can also use websites to pay for products. As long as your site is ecommerce ready, your site is a constant source of cash. All you have to do is make sure that your site can turn traffic into conversions. Once it can do that, there is no telling how much extra money you will make.
A Car Park
Where possible, you should always have a car park on your premises. Car parks make the experience easier for the consumer or the client. Instead of parking up down the road or catching the train, they can drive straight to your front door. But, they also act as a good way to make money. A couple of pounds here or there are nothing to them. But, it is a lot of money to you, especially if you have tens or hundreds of visitors a day. A simple pay and display box is enough to maximize the profit from your car park.
A Gift Shop
If you have offices, you might think that you can only sell products in a store. The truth is that you can sell them on the premises as long as you have a license. Visitors to your HQ are clearly interested in what you have to offer, so why not upsell when they arrive? A gift shop can make a fair amount of money even if it is just a handful of customers a day.
If you want to make more, consider adding these features to your company.