The Ultimate Retailing Profits Guide
There are five (5) ways a retail or hospitality business can improve their profits.
Whilst these are simple to understand they are not given the critical attention they require as the most powerful metrics to retailing profitability.
1) More store traffic
2) Higher conversion to a sale
3) Average sale
4) Repeat sales
5) Profit margins
In this article you will see how by improving each of the five profit centres by 10% will produce a massive 61% improvement in the profit in your business.
For example, if your current gross annual profit is $85,000 it can become $136,850 using these techniques.
More to come …