Manage Your Costs

Be sure to use a margin calculator like this one so you know what profits you’ll make if you change suppliers.

Review Your Prices

Could you potentially raise them without scaring away your customers? Try to find out what your competitors are charging.

Check Out Your Range Of Products

Take a look at the range of products that you sell. Can you make more money on them? Consider doing the following:

Focus On Your Best Customers

Do you know who your best customers are? If you do, focus on them. Offer them what they want.

Cut Down On Waste

Cut down on those areas which are wasting money. For example, you could: Switch off equipment when it’s not being used.

Cut Down On Unused Space

However, doing so is not always as easy as it seems. Use the above tips to help you to bring in more money.