How to make more money in your business

It's a question I'm asked over and over again: How am I supposed to make money at this?! It's certainly not quick or easy to make money in business and it's usually not as simple as just increasing your price. You have to consider a ton of factors, including your overhead costs, volume of sales, cost of goods, sales channels, positioning.....the list goes on and on. Which is why the blanket advice of "increase your price" doesn't work - it doesn't take literally anything else into consideration, including whether or not you'll remain competitive at a higher price point. Here's the reality: It takes most businesses 3-5 years to turn a profit. It requires taking a lot of factors into consideration. It takes a TON of hard work and determination. But if you put in the time and work, you CAN get there. And today, I'm going to tell you how. Here's what we talk about on today's episode: - Why you should stop listening to the IG gurus telling you that you can make a lot of money overnight - We have to determine why you aren't making the profit you want before we determine the solution - Double down on what's working and put systems in place to support these things - Opening up new sales channels for the same product - Selling a different product to the same customer to increase your cart value or customer spend - How, why, and when to increase your price (and when it doesn't make any sense to) - Decreasing your costs to obtain more profit Connect with me: https://www.nicolehaney.com/ https://www.instagram.com/itsnicolehaney