With all the challenges to product based companies, we all need to learn to ‘Think Outside the Box’ with Our Business. Some of the old methods and tips no longer work — we need to think of something new!
Megan, from Create Hype, writes this inspiring article to help you Think Outside the Box!
How to Build More Value Into Your Product Line
Written by Megan G., Create Hype
What I want to drive home for you here is that you don’t have to reinvent the wheel to get more dollars in your bank account. You’ve got so much potential value right in front of you—all you have to do is see it, and build on it.
1. Take your top 2 best-selling products. Make more of them.
2. Add complimentary products to your existing lines
3. RePurpose.
e!We (my husband and I) have used some of these same tips in our gourmet food business. We doubled our line by adding a second label. Our first line was a humor Redneck label. We took the best sellers of that line and added an elegant foil label to the same products. Immediately, increased our sales with little extra effort.
Brainstorm these ideas with a trusted friend or business partner and see what successful ideas you come up with!!