How to sell a business and maximize your profit in 2020

Ready to move on from your business? Check out these helpful tips and tricks to help you sell your business and turn a profit.

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How to sell a business and maximize your profit in 2020

Resources

Key quotes:

  • "It’s not just enough to get customers in the door — a good general manager understands that there are a lot of things that go into increasing restaurant sales."
  • "If a server sells the specialty drink to every diner at a table of four, instead of soda, that’s an $8 difference in the check."
  • "SEE ALSO: Simple Guidance for You on How to Manage Restaurant Staff Upselling Doesn’t Stop With Beverages Adding a shareable appetizer to a table, side salads or soup before the main meal, or a dessert are all ways that your servers can add to a customer’s check — and sales revenue to your bottom line."
  • "Investing the time to train your dining room staff on your menu offerings, allowing them to taste the dishes, and encouraging them to select their favorite to upsell to customers can go a long way toward increasing your sales."
  • "Offering a short menu with lunch specials designed to get diners in and out quickly is a great way to introduce new customers to your restaurant while helping you turnover tables quickly."
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Transcript: Hey everyone welcome back to my youtube channel in today's video I'm gonna be talking about 10 XE links you should be using to keep your shoppers engage and help increase your sales so if you want to learn how to keep shoppers engaged and what types of Link's you should be including in your XE shop make sure to watch all the way till the end now if this is your first time visiting my YouTube channel and you want to learn how to grow an impactful XE business don't forget to subscribe today don't forget to show me some love by liking this video and don't forget to leave a comment below so let's go ahead and dive in so did you know that adding hyperlinks to your X eShop helps your shoppers keep engaged now what you want to do is head add hyperlinks to your XE shop because of the reason that it's gonna give your potential buyers directions of where to go it's gonna keep them engaged like we just said it's gonna help you increase your XE sales it's gonna also help avoid them clicking the dreadful back button so it's coming help you... See more →

Key quotes:

  • "There are many marketing techniques that are great to add to your repertoire, like: - SEO - Link Building - Article Writing - PPC - Blogging - Social Network Marketing - Classified Ad Marketing - Offline Marketing (Business Cards, Flyers, Car Magnet, etc.) - Offline Newspaper Classified Ads - Answer Board Marketing - Video Marketing (YouTube Marketing, etc.) - Building a List - Landing a JV - Email Marketing - Forum Marketing (Other than IM Niche) - Outsourcing - Etc."
  • "There are more, but I am sure there are at least ONE of the above things that you are not doing at all, or not doing enough of."
  • "- Be involved in social networks (twitter, etc.) - Have video on your site, - Sell Products that are popular NOW, in the current time (day, week, month) - Follow the latest rule changes so you can keep up with effective SEO techniques (A lot of people use very outdated SEO tactics that don’t work anymore)."
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Transcript: Do your eBay sales suck if you've been selling on eBay for any amount of time you know that sales are just a roller coaster sometimes they're up sometimes they're down and most of the time we're kind of freaking out that our sales aren't good enough right so if you want to increase your sales on eBay in 2020 here are some of my best tips hi I'm Eileen I am a work at home mom a reseller an entrepreneur you too are a blogger I have a lot of hats that I wear but I shared here on hustling so my youtube channel all about making money from home for regular people you don't have to be any specific person to be an entrepreneur there are so many ways to make money if you want to make an extra income or if you want to make a full-time job out of it so I like to share all about reselling and making money from home so I mainly share about reselling online on place like eBay and Poshmark but I also try to share a little bit more about other ways you can make money from home if... See more →

Key quotes:

  • "This essentially means that if small business merchants want to increase their sales, they can’t sit waiting in their stores hoping that customers will magically find them."
  • "Below we’ve outlined a small business sales funnel — as it relates to retailers — to help you picture and understand how and when to engage your potential customers."
  • "SEE ALSO: The Comprehensive Guide to Local Store Marketing Event Marketing: Create an Experience A great way to increase retail sales and introduce your business to new customers is to create an experience that aligns with your brand."
  • "The overall goal of this section of the small business sales funnel is simple: Every single person who walks through your doors should spend money in your store."
  • "Yes, you’ll never get 100 percent of your visitors to spend, but by providing the best in-store experience possible, you’ll maximize your chances to acquire new customers and boost sales in the process."
  • "Customer communication is key to creating a great experience and is integral to learning how to increase sales in retail."
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Key quotes:

  • "Selling is a transaction between the prospective buyer/s and the seller where money is exchanged for services or goods."
  • "Here, salespeople were advised to earn the trust of the customers if they want to make more sales."
  • "An expert in sales knows that they have to evoke emotions in their potential buyers if they want to actually sell something."
  • "If the pitch of the salesperson does not make the potential customer feel something, then sales are not going to happen."
  • "14% of closed sales are because the salesperson has used the company name more than 4 times in the conversation."
  • "Understanding what they are telling you will help you position the product right, recognize the key value propositions, as well as gain strategies for your communication with the potential buyers."
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Transcript: Hello guys and welcome back to another episode of GTA online in this video I will be showing how to successfully run a bunker business in GTA online bunker business is one of the most amazing business which will give you a lot of money if you do it correctly and if you are new to the game then this is the perfect video for you to an millions of cash using the bunker business the bunker makes better money than any other MC businesses in the game so let's begin with the video before starting the video I would like to say that there's gonna be a big giveaway at the end of the month and if you want to enter it all you have to do is like this video and subscribe to the channel and comment down below why do you need to win the give of it also if you are a GTA online player drop your ID and below and I will be selecting the winner soon let's begin with the video so the first thing which I will be talking about is gonna be about the bunker itself most of you are watching this... See more →

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