You may have bought electronics before and been offered the acquisition a further warranty. Or even you’ve purchased dogy furniture before and been provided with a white glove service to deliver and set up your new couch.
These are all samples of premium support services that will have huge profit margins, so albeit only a smaller percentage of consumers take you abreast of them, they will add tons to your bottom line.
Some of these premium support services are often at little to no cost to you. As an example, one business we’ve seen had an offer where you’ll get free replacement charger cables, forever on your phone. For a little just one occasion, if they ever fail, an extra fee as long as you only cover the tiny shipping and handling fee. These cables have such huge margins that the small S&H fee covered the value of the cables and, therefore, the shipping. The “warranty” that was sold was 100% pure profit, despite how it might appear to be an incredible deal for the buyers (paying $5 for S&H rather than $29 for a replacement cable seems like and is a reasonably good deal).
You can even sell access for at least one-on-one help, a Facebook group page for extra (and faster) use, etc. A number of these offers you’ll put together in a few minutes, yet some people will naturally buy them simply because they think they could have a use for it at some point.
Another example would offer faster support, faster shipping, faster service, etc. All of those can have enormous margins for small to no extra work!
So brainstorm a minimum of a few more additional support services that you can offer your clients (like extra warranties, faster support, faster service, etc.) that accompany huge margins despite not increasing your costs much, if at all.
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