- Are you offering the best customer experience?
- Are your employees friendly?
- Is your store clean and inviting?
- If your answers are yes, then what?
Discount Smartly. Quantity discounts are a great way to make bigger sales without hurting your bottom line.
Offer Options: People in low-income brackets may still want your service, but may not want all the features. Offering a “stripped down” version of your product allows them to decide between quality and price.
Set up Terms: Make your company easy to work with by offering flexible payment terms.
Keep Calm: Nothing good comes from panicking. Reduce sales quotas to get a better grasp on the situation.
Maintain Customer Service: Good customer service and a good product will keep customers coming back, even if your prices aren’t the lowest.
Don’t be afraid to raise prices: At least, a little. Just don’t be greedy. Customers are smart and understand why prices can go up. And some will even upgrade to a higher quality product at a higher price point while they are making changes.