Profit growth is not a one-angle approach. Yes, the main goal is to grow, grow, grow. However, many businesses neglect to watch the profitability of this growth. They forget that they can be losing money below the sales line, through profit erosion.
This type of profit loss often flies under the
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TheKiniGroup submitted the following stories to BizSugar
3 Ways to Turn Profit Erosion Into a Positive for Your Business
Posted by TheKiniGroup under MarketingFrom https://thekinigroup.com 2865 days ago
You’re Already Doing Volume Discount Pricing. It’s Time to Make It Profitable.
Posted by TheKiniGroup under MarketingFrom https://thekinigroup.com 2871 days ago
Volume discount pricing provides financial incentives for purchasing a product or service in high volumes. A customer purchases a lot at once to get a lower price per unit.
The pricing strategy – as a general rule – works. Customers often purchase more. Win rates increase.
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The pricing strategy – as a general rule – works. Customers often purchase more. Win rates increase.
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The Muscle Behind Your Profits: 9 Sales Operations Best Practices
Posted by TheKiniGroup under SalesFrom https://thekinigroup.com 2878 days ago
This is a letter to the people behind the scenes in sales.
You may not get the credit you deserve, but I see you and the hard work you put into your jobs every day.
The truth is – sales ops are the unsung heroes of the sales team.
They work tirelessly to make sure everything in sales is ru Read More
You may not get the credit you deserve, but I see you and the hard work you put into your jobs every day.
The truth is – sales ops are the unsung heroes of the sales team.
They work tirelessly to make sure everything in sales is ru Read More
10 Signs of Bad Financial Leadership
Posted by TheKiniGroup under FinanceFrom https://thekinigroup.com 2886 days ago
The cost of bad financial leadership is high, too high.
As my team and I have helped countless companies through their struggle to build strong and sustainable profit margins, we’ve built a list of common CFO failures that hinder the process. Financial leaders should avoid them at all costs duri Read More
As my team and I have helped countless companies through their struggle to build strong and sustainable profit margins, we’ve built a list of common CFO failures that hinder the process. Financial leaders should avoid them at all costs duri Read More
You finally got sign off for a new BI tool. Congrats! Now what?
Posted by TheKiniGroup under ManagementFrom https://thekinigroup.com 2891 days ago
Congratulations! You’ve convinced the C-level to purchase a new Business Intelligence solution. You just gotten the official go-ahead from upstairs, and you’re ready to get started. All of the hard work is behind you, right?
Sorry to burst your bubble, but you’re just getting started. Getting si Read More
Sorry to burst your bubble, but you’re just getting started. Getting si Read More
Is Your Company Ready for Its First Chief Data Officer Role? Here’s What You Need to Know.
Posted by TheKiniGroup under TechnologyFrom https://thekinigroup.com 2899 days ago
The CDO role is on the rise, but what exactly does the position do? Here are the seven main responsibilities of the position and how they can improve your business strategies.
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Before There Was Profit, There Was Churn Analysis
Posted by TheKiniGroup under Customer ServiceFrom https://thekinigroup.com 2907 days ago
Proactive churn management ensures business growth, but it also requires a lot of time and resources. Here’s your guide to a correct and efficient route.
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When the Variance Analysis Gets Tough, the Gross Margins Get Going
Posted by TheKiniGroup under ManagementFrom https://thekinigroup.com 2914 days ago
Improve your margins by understanding their independent drivers and determine how to leverage the positive ones. Here's how to do this using gross margin variance analysis.
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3 Ways to Raise Prices: The Grand Slam of Your Pricing Strategy
Posted by TheKiniGroup under MarketingFrom https://thekinigroup.com 2920 days ago
Today’s popular business advice is to lower prices and gain share, but that will just drive your business into the ground. Instead, you should raise prices. Here’s how.
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5 Different Types of Price Segmentation to Boost Profitability
Posted by TheKiniGroup under ManagementFrom https://thekinigroup.com 2927 days ago
Pricing is one of the most powerful levers to pull for margin growth, but many companies stop once they have profitable prices set for each of their products. The businesses that take a few extra steps, however, benefit from even higher margins for most of their products.
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