Sign In
Not register? Register Now!
You are here: HomeEssayBusiness & Marketing
1 page/≈275 words
3 Sources
Business & Marketing
English (U.S.)
MS Word
Total cost:
$ 4.32

Strategies Used to Increase Sales and Profitability (Essay Sample)


strategies usef by different business organizationas in their strive to boost their sales and profitability . all business venture into the market with the key goal of maximazing sales and achieving profitability. this essay paper strive to expplain those strategies and their effectiveness in ensuring sales maximazation and profit generation.


Strategies used to increase sales and profitability
Student’s name
Institution affiliation
The major goal of starting any business is to make profits through sales. Profit, or net income, is the amount of money the business has after it takes away all the costs and expenses incurred in the sale and purchase of goods and services. The ability to generate enough sales to make your business profitable can significantly improve the chances for growth. In order to ensure that the business increases its sales and profitability, there are number of strategies that ought to be put in place.
Majorly, there are four key strategies that you could try to maximize the sales revenue and profitability. To start with, the reducing business cost is one of the strategies that play a crucial role in ensuring the increase of sales and profitability of the business CITATION Dan19 \l 1033 (Dang, 2019). In this case, the business strives to buy under low cost with the dream of selling at a profit.
Secondly in this regard, the business can increase it sales and profitability by having clear and well-defined business goals. The first step is defining your goals. Some might laugh at this prospect; surely, all businesses aim to promote growth, to increase their sales, and increase their revenue CITATION Law19 \l 1033 (Lawrence, 2019). But these three targets are not one in the same. For example, increasing your sales does not always lead to an increase in revenue. And promoting growth may require investments which do not initially result in a revenue increase, either.
Moving forward, effective communication with the customers and creating a more incentive in the business also plays a critical role in the same CITATION Mun18 \l 1033 (Mun, 2018). Customers appreciate being heard, and are surprisingly willing to converse with the retailers they buy from. Whether it is

Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:

Other Topics:

  • Volkswagen Scandal of 2015
    Description: The much-publicized Volkswagen scandal in 2015 primarily unearthed that the automaker was guilty of manipulating their engine software systems to pass diesel emission testing, which ideally resulted in vast amounts of emission of the greenhouse gas nitrogen dioxide. This scandal happened under the watch of ...
    3 pages/≈825 words| 6 Sources | APA | Business & Marketing | Essay |
  • Importance of Employee Engagement
    Description: Employees play a critical role in the growth and expansion of companies. This is because they are directly and indirectly involved in an organization’s daily operations. Firms across the world are designing ways of enhancing employee engagement. Improving employee engagement is vital because it makes the ...
    4 pages/≈1100 words| 10 Sources | APA | Business & Marketing | Essay |
  • Current Patient Care Delivery Situation and 3 Barriers for Change
    Description: The new developments in the facility have a major focus on improving patient care. As a result, there will be the provision of high-quality care leading to more satisfaction among patients. Further, physicians originating from an exclusive facility have to adapt and learn new regulations. The initial ...
    4 pages/≈1100 words| 5 Sources | APA | Business & Marketing | Essay |
Need a Custom Essay Written?
First time 15% Discount!