The Australian Small Business Blog

For over 10 years, this award winning Blog has been a Forum where Australian Small Business Owners can exchange Ideas and Advice with experts in Australia on how to Improve their Businesses through better Business Management, Planning & Strategy, Business Management Systems and Marketing Strategy. Our Ultimate Objective is to help Australian Business Owners Make their Business Run without Them and to achieve their Goals where ever they may be in Australia.

Friday, August 12, 2011

The Fifth Profit Driver - Increasing the Gross Profit per Sale

by Dr Greg Chapman, MBA

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In an earlier article I described The Five Profit Drivers Marketing System. The easiest way to increase your gross profit per sale is to increase your prices. The beauty about this strategy is that the increase in price goes straight to the bottom line. A mere ten percent increase in prices will double the net profit of most businesses.

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Dr Greg Chapman is the Director of Empower Business Solutions and The Australian Business Coaching Club and is Australia's Leading Advisor on Emerging Businesses and provides Coaching and Consulting advice to Australian Small Business Owners in Marketing & Business Strategies Planning & Systems. He is also the author of The Five Pillars of Guaranteed Business Success and Price: How You Can Charge More Without Losing Sales.