Margins
Sam Sooi - Friday, January 29, 2010
Decrease your stock range. Just focus on the fastest sellers you've got, you'll be amazed at what it'll do to your profitability.
Sam Sooi - Friday, January 15, 2010
Change accountants. If the one you're dealing with really just doesn't understand what's going on, then change. Don't feel you've got to be loyal, this is your business.
Sam Sooi - Friday, January 01, 2010
Charge for a finance facility. If you're going to offer credit to people make sure they pay for it, especially if they're overdue.
Sam Sooi - Friday, December 18, 2009
Buy in bulk, pay accounts over time. Get your stock up front and pay it off on a time payment, or even have it delivered and paid for as you need it.
Sam Sooi - Friday, December 04, 2009
Buy direct. Cut out the profit taker in the middle and take it for yourself.
Sam Sooi - Friday, November 20, 2009
Know your actual costs. It's hard to reduce them if you've got no idea what they are.
Sam Sooi - Friday, November 06, 2009
Keep an accurate database. Don't waste a minute and don't waste a cent following up dead leads.
Sam Sooi - Friday, October 23, 2009
Learn better negotiation skills. Never accept your quoted price as the fixed and firm price, everything's negotiable.
Sam Sooi - Friday, October 09, 2009
Negotiate fixed, not variable expenses. If it costs you a lot in variables, then negotiate a fixed fee every month.
Sam Sooi - Friday, September 25, 2009
Manufacture yourself. Why have others made a good base margin before it ever gets to you. Often it's a great choice to manufacture yourself.
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