Kategóriák: Minden - marketing - product - employment - investments

a Aaron Brown 5 éve

208

How to make a Profit

To achieve profitability, it's essential to focus on several strategic areas. Marketing efforts should target the right audience and be complemented by efficient advertising, including celebrity endorsements and partnerships.

How to make a Profit

How to make a Profit

Income of Money

Pricing of the product
Manage price to beat competitors but still make profit
Investments
Re investments into company from excess revenue
Mergers of other companies
When we have enough profit/buying a company
invest in other companies and products
Becoming a corporation
Investors

Holding conferences once a year for investors to see into company and give them a chance to give ideas

Open up to investors to allow feedback of people interested in company and generating income

Managing expenses to ensure we aren't at a loss
Employee Payments/bonuses
Finding ways to manufacture our product
Finding resources and suppliers to create product
Renting or buying of property

Cost of utilities

Shipment of product
Manufacturing of product expenses
Managing Supply/Demand

Marketing

Finding stores to sell our products
Finding what audience buys our product
Advertising to those people in the most efficient ways

Getting celebrity endorsements to create demand

Partnerships with other companies to advertise and increase demand

Having sales or bargains to sell more product

Challenging competitor companies

Generate a Product/Service

Making a new product/service for a new target audience
Innovate current product to prompt a purchase again
Researching what is popular
Create a quality product that is popular

Employment

Reimburse certain employees for college to have better and more educated workers
Bringing in new people with new ideas to innovate or generate new products
Holding occasional meetings to create new ideas
Finding people to do a good job but don't cost too much to employ