Tag: Product Line

Finding New Sources of Business

“Whatever the mind can conceive and believe… it can achieve.” Napoleon Hill, Think and Grow Rich Let’s say you’ve got a successful business with a decent stream of buyers.  Everything is moving along smoothly.  Steady. The question is, how can I find more profit in this situation.   My answer is to Expand the Product Line. Here are a few ways to consider this challenge… 1. Think about vertical markets. Consider where you are in the distribution channel of your product. Is there a way to get a new product from your suppliers? Or, can you act as distributor to someone downline who ultimately has the final buyer? 2. Add a related product to your existing line. If you sell sunglasses at a stand in the mall, do you also sell those fancy neck chains or cases? If you offer a lawn service, can you include a tree triming or irrigation …more