Take a look at these tips to help build your business’s revenue.
Business owners face many demands on their time and resources. COVID-19 and revenue fluctuations can create new challenges, even if you’ve drastically cut costs. Building revenue now may give your cash flow some breathing room. Try these strategies to get more money coming in the door now so you can delight your customers.
1 Harvard Business School, https://hbswk.hbs.edu/archive/the-economics-of-e-loyalty.
2 HubSpot/May 2018 “The Hard Truth about Customer Acquisition Costs and How Your Customers Can Save You.” https://blog.hubspot.com/service/customer-acquisition-study?hubs_signup-url=blog.hubspot.com%2Fservice%2Fcustomer-loyalty-statistics&hubs_signup-cta=null.
3 Vend, “Retail Benchmarks Report 2019”: https://corp.vendcdn.com/Vend-Files/Vends-Retail-Benchmarks-Guide-2019.pdf.
4 UPS, “Pulse of the Online Shopper,” 2014. https://www.ups.com/media/en/2014-UPS-Pulse-of-the-Online-Shopper.pdf.
5 New York University, Latest Research From NYU Stern Center for Sustainable Business and IRI Shows That Sustainability Is Surviving COVID-19 https://www.iriworldwide.com/en-us/news/press-releases/latest-research-from-nyu-stern-center-for-sustaina Deloitte, “The Future is Coming, but Still One Day at a Time,” 2020: https://www2.deloitte.com/content/dam/insights/us/articles/6513_Future-of-retail/DI_The-future-is-coming.pdf.
6 Baymard Institute: https://baymard.com/lists/cart-abandonment-rate.
7 InMoment, “Earning and Destroying Customer Loyalty,” October 2018: https://inmoment.wpengine.com/blog/earning-and-destroying-customer-loyalty-retail-cx-trends-you-need-to-know.