Everyone in business at some point needs to make some extra cash and to be able to make it fast. As an established business you already have existing products and services that you market to your target audience, and there is no time to come up with something new. So, how can you give your sales a boost to generate some extra cash quickly without adding anything new or doing anything too time consuming?
Add Complementary Services
Figure out how you can make any existing products or services even more desirable to your audience by adding a complementary service or product to your original offering. For example, if you provide a service to businesses, up the ante by adding in some additional complementary services in small packages to your service.
Extend Your Demographic
While normally you want to niche down your offerings to very specific people, if you can offer the same items to another audience without many changes, do it now as it will work.
Enter a Joint Venture
Getting access to other people’s email lists and audience, is the main reason for entering into a joint venture. Get with some other people who offer complementary products or services to yours and host a webinar together or write an eBook with yours and there branding on it, for them to share with their audience (make it of value to them and their audience).
Have a Limited Time Bundle Sale
Mix and match your products or services in a brand new way for a limited time. Make it something that your audience will really want and that they really need, and you’ll have a winning combination.
Incentivize Your Affiliates
If you have affiliates or sales partners, give them a big incentive to start selling more. A prize for selling a certain amount, or for selling the most, which will encourage them to promote you even more than normal.
Offer Extras to Your Existing Clients
If you have a client list, reach out to them with a special sale just for existing customers. Ask them to double their order for 1/2 off the second order, or some other sort of discount you can afford to offer.
Accept New Payment Methods
If you’re currently only offering limited payment methods, find out from your audience with a survey what other options they’d like. Sometimes just giving them a new way to pay makes all the difference to generating additional sales or not.
Offer Payment Plans
If you have a high priced item, offer a limited time payment plan, or sign up for PayPal credit so that your customers can get what they want today without them having the full amount of money.
These are all relatively easy ways to boost sales for quick cash, they can make a huge difference to your businesses bottom line. You’ll find that you can actually give yourself a raise anytime you want, by simply using any of these methods.