article thumbnail

How to Increase Profit Margin: 5 Strategies for Any Business

Hubspot Sales

You need to take a thorough, comprehensive look at how you're spending money, how you're producing your product or service, your acquisition and retention strategies, and any other crucial factors that impact your revenue generation or production costs. Beverage (Alcoholic): 11.95%. Beverage (Soft): 14.10%. Apparel: -3.94%.

article thumbnail

What Is Economy Pricing? (& How Can You Leverage It?)

Hubspot Sales

Outside of air travel and the actual economy, the word economy rarely comes up, but this tactic applies in many sales businesses ranging from retail to the food industry. For example, while Costco sells hundreds of items from well-known retailers, it also sells a line of products under its brand Kirkland Signature.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

What is channel sales? Sales channel strategy and guide

Zendesk

Independent retailers: An independent business not tied to a parent company. Dealers: Retailers who specialize in one specific type of product. Ideal partnerships for this could be a reseller or distributor, an independent retailer, or a dealer. Example: CVS. Example: Car dealer. Combined solutions and maintenance.

article thumbnail

The Keys to Building and Sustaining a Recession-Proof Business

Hubspot Sales

Certain Food and Beverage Retailers. And last I checked, you need food to live. Now, this particular point doesn't apply to every last food retailer. Bulk food outlets, grocery stores, and fast-food chains have a history of holding up during economic downturns. Candy and Comfort Food.