ENTREPRENEWS

3 Ways to Add Value To Your Business

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Adding value to your product or service is another way business owners can get a head-start on their goals for 2017. Below are 3 quick ways entrepreneurs like yourself can increase the value of a small business:

Increase the Quality of Your Product or Service: Are there ways to increase the utility of your product? Is there something you can add to your product or service that differentiates you from your competitors? Things like improving the packaging, making your product easy/simple to use, and revisiting the design of your product can set you apart from your competitors.

Accelerate Turn-Around: Are there ways you can provide your product or service to your customers more efficiently? Can you make your product or service more accessible or convenient? Many shoppers have proven time and time again, that they will pay more for convenience as opposed to going across town for a product, or waiting for standard shipping.

Improving Customer Service: Many companies are using customer service and high approval ratings as a primary aspect of their competitive advantage. In a fast, dynamic, and diverse market place, people are inherently influenced by their emotions. Remaining responsive, receptive, helpful and empathetic will put you ahead of your competition. Customers will pay a little more for warmth, cheer, compassion, and helpfulness.

PRIMUS Business Management Says: Operating like your competitors will give you similar or average results. Finding ways to improve your competitive advantage will widen the gap between your competitors in overall customer satisfaction and profitability!