How to Increase Sales Growth in Your Online Store in Just a Month

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Proper analysis and optimization should be the basis of all business processes. If this does not happen, the system fails, and your project will not bring the desired income.

There may be several reasons for this. We suggest considering the most basic ones.

List of suppliers
For a manager who has decided to increase the income of the how overseas chinese contribute to business in the usa entire company, the creation of a sales department should become a certain start on the path to successful business management.

Despite this, many often do not even think about the fact that they can increase their net profit through simple savings.

Creating such a department will allow you to predict the result and influence the promotion of goods, sales forecasting, monitoring the condition of goods, analyzing market trends and pricing.

The sales department in a small online store or a large company has similar tasks: all work is aimed at increasing income.

The profit of an online store directly depends on a carefully selected list of suppliers. Most often, stores are opened in a hurry, and contracts are concluded with the first companies that come along.

Review this list. It is quite possible that your partners do a poor job, offer unfavorable terms of cooperation, provide products at inflated prices without discounts, promotions and other necessary bonuses, often delay goods, or do not deliver them at all.

List of suppliers
We strongly advise against working with such suppliers.

Replace unscrupulous suppliers with those who can offer you much more comfortable conditions.

It is quite possible that by entering into a reliable partnership with them, you will be able to not only increase your profits, but also raise your reputation, thanks to timely delivery of orders.

It is best if all contracts with suppliers pass through the desk of your lawyer, who will make the necessary amendments and prescribe the responsibility of the parties for errors in completing orders or failure to meet delivery deadlines.

Negotiation
The monthly profit from the online store is divided into several parts. You will need to pay part of the money earned for office rent, electricity, Internet and other services.

When starting their own business, many people don’t even think about the fact that this expense item can be reduced by almost half.

Optimization of business process management will help to significantly reduce expenses on necessary needs, while maintaining comfortable working conditions for employees.

Study the commercial real estate market, make sure that your landlord has overpriced it, and you can easily find yourself a new, cheaper space. Perhaps there were some other minor technical problems in your office, without which the working conditions would be more comfortable.

If the current landlord does not give in, feel free to rent another space. If at first glance, saving, say, 5-8 thousand per month seems insignificant to you, then in a year this amount will be from 60 to 96 thousand. With the money saved, you can make more orders from suppliers, thereby increasing profits.

Once your online store has a cheaper location, you can think about reducing your internet usage costs.

Talk to your provider and ask for a discount. Even if the company's sales manager knocks the price down by 500 rubles, you'll save several thousand rubles a year on the Internet.

Any office needs regular cleaning. Contact your cleaning service with a similar request and ask for a small reduction in cost.

If the cleaning company's sales department employee refuses, consider alternative options. Private individuals charge much less for their services than large firms.

Slowly but surely we are approaching the security company that provides security for your office. Contact their management or a sales representative. Their company probably has ways to save money that they can share.


Another way could be refinancing your existing loans. It is quite possible that another bank will be able to offer you more favorable terms and a low interest rate.

Order in accounting
If your company only records large expenses and does not take into account small purchases at all, then the result will be one thing - chaos.

If expenses are not recorded, it will also be impossible to analyze them. In addition, employees, knowing that there is no accounting of money anyway, will be able to buy small things for their own needs.

Try to keep a clear record of all the money spent. Record even minor expenses.

Total savings
Those who seek savings will always find them. Optimization of business process management includes not only savings in office rent, bill payments, but also other services.

If you take a closer look, you will understand that you can save on literally everything.
Replace regular lamps in the office with energy-saving ones.

Turn the cooler on and off only when one of your employees wants to drink tea.

Buy water for the cooler in large quantities. It is much cheaper than individually. You can also buy toiletries in bulk.

Wholesale purchases concern stationery and any other components. Impressive amounts are made up of small items.

Conclusion
The creation of a sales department, of course, optimizes work and directly affects the company's profit, but the market has no limits in saving. Even on small things.

Analyze your expenses, look for cheaper options that may be much more profitable than the previous ones.