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How to Increase Profit Margin: 5 Strategies for Any Business

Hubspot Sales

Every company has its eyes on its bottom line and, in turn, is mindful of its profit margin — the most definitive metric of how successful your sales efforts are, relative to your expenses. Find gaps in your sales process where a disproportionate number of prospects fall off. Ask for your customers' feedback and act on it.

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Value-Added Services Can Provide a Pricing Advantage

Distribution Pricing Journal

It’s a popular technique in the distribution industry, used to provide added value to the customers and boost sales volume. You increase the size of the order and the customer appreciates that you gave them customized service and convenience. Customers save time and you increase your sales.