How to Increase Business Revenues from RM 1 Million to Rm 5 Million?

To increase business revenues from Rm 1 Million to Rm 5 Million will need me to double my effort in this business field. This are several ways that I need to conduct to increase my revenues:

Add Complementary Services to Existing Products

Adding complementary services or products may help you gain new clients, as well as maintain existing ones. For example, the maintenance of luxury car for customer. They might need help for the problem happen to their cars.

Similarly, a home repair company can easily serve the commercial market with the same crews and equipment used in its normal residential business. Contracts to provide future maintenance or extended warranties can be sold with almost all capital equipment. Review the products of your competitors for ideas. If someone, even a competitor, has an “extra” that appeals to customers, copy it.

Wider Advertising and Marketing

Bring my cars company into a new level such as via TV commercial or Internet Advertisement will help me to increase my revenue. This is because wide market segmentation will help me to attract potential customer who need to use my services. This will help me to earn more profit and increase my revenues.

Joint Venture With Competitors

Joint Venture with competitors will help me to reduce risk in business and generate more income. By working with other competitors will assist me to eliminate the risk to business collapse and keep surviving in the marketplace. This will make me earn more income and increase my business revenues.

Add, Reduce, or Eliminate Shipping and Handling Charges
the way to control of raising the price of a product, consider adding a shipping and handling charge. The net effect on revenues is the same while avoiding buyer backlash to a price increase. If you currently charge for shipping and handling, consider reducing or eliminating the charge for a specific time frame in order to stimulate sales.