Selecting And Changing Your Product Lines – What Should I Sell Now?
Product Sales Tracking
Everyones constantly after new products to sell, but its just as crucial to recognize how your current products are selling. In order to know your best business move, you need to ask the right questions: Whats selling? Why is it selling? When does it sell best? How frequently do my customers buy from me just once? Weekly? Monthly?
Ruth King, CEO of http://BusinessTVChannel.com, an internet TV station focused on small businesses, stresses the importance of tracking your product sales information. King suggests a very simple method for tracking:
Create an Excel spreadsheet for your customers.
Create a customer number for every new person who buys from you.
Record which products they buy, when they buy, and the frequency with which they buy them.
Says King, Within a couple of months, you should see some patterns in terms of which products are being bought, how much are being bought at a time, and the things you need to know from a statistical sense to make some decisions about your products.
When Should I Add a Product?
If...
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