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How Many of Your Customers Are Profitable?
The provision of value should be a two way street. If providing value to your customers is essential for long-term prosperity, then so is accurately measuring the value you receive in return. This article explains how to calculate the profitability of one’s customers, and offers some thoughts on how to treat the profitable and unprofitable.

Other margin products Related Articles

Finance Terms Made Simple
Do terms like "gross margin" and "deferral of taxes" scare you? If so, then this short reference guide is what you're looking for!
The collective buying power of a franchise
The collective buying power of a franchisor results in getting good discounts for the raw materials. That, in turn, boosts up the profit margin of the franchisees.
5 Tips on How to Choose Which Wholesale Promotional Products to Offer
Promotional products are given away primarily to create and sustain interest in a company’s products and services. They can be the products itself or, and this happens more frequently than usual, specially made products that are imprinted with the company’s name and manufactured exclusively to serve as giveaways. Since promotional products are usually purchased wholesale, even the smallest mistake can land you with thousands of useless giveaways. Thus, before pushing through with the production of your promotional products, make sure first that you’ve considered all the important factors that can affect it.

“People”…The Secret Ingredient to Success
In simple terms, you can measure your business success by how well you get customers, keep customers, and the efficiency of your operations. Many companies measure their success by revenues, income and other traditional accounting yardsticks. The problem is that the accounting approach measures how you did but not how you should have done. For example, take a company that grew 20% last year, and had $10 million in revenue. Its management team was weak, so it lost an additional 20% growth, missed out on another 5% in net margin, and had unnecessary turnover of 10% in client base. So this same company (assuming a 10% net margin) could have seen another $800K added to their bottom line. The one secret ingredient was “people.”
Learn to say ‘NO’
Giving away the margin and undercutting your prices because you can't say ‘NO' is no good for anyone. It devalues you, your product, and your market. If done on mass then customers expect ‘cheap' all the time, not fully appreciating the real value of the products or services they buy. All you do is risk devaluing you and your business.
It's the Little Things!
The next time we start cutting price to match the competition, slimming services to make up for the lost margin - maybe we should think again.
ARC Loan in Jeopardy (SBA)?
Recent news suggests that the ARC is not doing well. Maybe you know this firsthand because you applied for the ARC loan? It has been speculated that the ARC is not doing well due to the risk taken on by the banks with little profit margin to gain.

It's All About Value
Cost plus pricing, the method of pricing where a business adds on a specific amount over the cost of their products and services to give themselves a profit margin and to ensure all costs are covered. It is easy to implement and the most used method of pricing in the business world today. It is also a hugely flawed methodology
Defending Profit Margins
Each percentage point of gross profit margin you lose requires a 4% volume growth just to keep profit steady. A five point increase in your profit margin is the equivilent to a 20% increase in sales. A five point increase in your profit margin can equal a 50% boost to your bottom line profit. How do you communicate the value you provide to the customer so that you are not seen as a commodity and therefore maintain the profit margin you need to grow your business.
Trade Show Marketing Made Easy With Promotional Products:
Improve trade show booth attendance with promotional product giveaways. Promotional products are the latest trend that companies have been using to market their products. Many companies to cut down on their advertising costs use it. You can give these promotional products as a token of appreciation to your employees too. To strengthen the relationship with your clients, you can use logo products and corporate apparels as promotional products.

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