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1. Increase the number of customers
2. Increase the value of sales.
3. Increase the frequency of sales.
If you can improve all the above 3 items by 10%, then the sales turnover will be increase by at least 30%.
For example, if your existing sales data are:
No of customer = 20
Value of sales (average) =$1000
Frequency of sales = 10
Your existing sales turnover
= No of customer *Value of sales*Frequency
= 20*1000*10
=$200,000.
If you can improve all the three items by 10%:
Your sales turnover will be
=21*1100*11
=$266,200. (30% increase)
Tony Lim 14-August-2007
2 comments:
Please increase your product also
You are right, increase the number of product is one of the way to get a bigger sales value.
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