How To Profit In Business – And Build long-term Income

Let’s talk about how to profit in business, and build a long-term income the right way. This, after all, is why we are in business, right? Let’s dive into things here.

Of course, the exception would be if you are a non-profit organization. You may feel like you are a non-profit organization when you want to be in business to earn a profit.

So what gives here for you?

When producing and delivering goods and services, it is necessary to understand the costs involved. This way, a price that includes profitable returns can be determined. This selling price consists of an increase in the value that ultimately gives you profits.

As other companies reduce prices, you can increase your profits. Overcome obstacles like a recession or a downturn in the market. Put your company in a profitable growth mode for the long haul.

I will explain how to go about profiting in business by looking at four steps. These four steps will allow you to benefit from each transaction through easy-to-implement profitability management techniques.

By identifying all the revenues and costs associated with each sales transaction, you can correctly leverage this knowledge to reallocate your resources. This will support more profitable sales, establish advantageous selling prices, and convert more marginal sales transactions profitably, so they do not cut into your profits.

  • To increase the revenue of existing customers, follow these four steps!
  • 1. Determine Profit Generators
  • 2. Protect Your Profit Generators
  • 3. Get More Profitable Customers
  • 4. Applying Profit Concepts To Affiliate Marketing Sales
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4 Ways On How To Profit In Business

1. Determine Profit Generators

It is possible, even probable, that some sales transactions or sales channels of a profitable company are profitable in another way. It is almost certain that there are unprofitable sales channels and sales transactions within a lucrative company.

The valuable areas are compatible with the losers, or from a different perspective, and the losers exhaust the gains. Also, some sales transactions do not generate or drain profits within all profitable and unprofitable companies.

The same is true for customers: some exhaust profits. Many do not contribute anything. While a few create the majority of your earnings.

2. Protect Your Profit Generators

This straightforward practice of analyzing and measuring all your costs may lead you to believe that comprehensive cost-reduction measures are the only answer. Random cuts may seem wise and quick in the short term.

However, reducing all expenses in all departments, products, and employees is considered short-sighted and ineffective. Sometimes cutting costs can be counterproductive to what you are trying to do.

Reducing costs and arbitrarily interrupting their capabilities when competitors try to take their market share is a recipe for disaster. It may not be reduced enough in some areas and may be reduced substantially in other regions.

A better way to protect the sales of products generating profits is to increase value instead of cutting costs—more on that below.

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3. Get More Profitable Customers

Distinguishing between profitable growth and growth only for growth is essential. Embrace the fact that not all income is created equally.

Revenues are only helpful if part of them is retained as a profit. It can not permanently be configured in size or dollar volume.

Having a higher volume of sales temporarily inflates your ego. Looking at a spreadsheet full of deals is a great feeling, right?

Maybe or Maybe not!

Offering more benefits while increasing cash flow and adding to the bottom line is better. Be selective with any new business you accept. See if they qualify for this profitability management model.

By evaluating the most profitable customers identified when analyzing your sales transactions, you can create a perfect customer profile for your markets or sales channels. Use these profiles to target similar but slightly different customers and new potential customers in these markets and sales channels.

Now you can confidently assign the appropriate level of resources to reserve this work. Turn your marginal sales transactions into more profitable ones.

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4. Applying Profit Concepts To Affiliate Marketing Sales

Since we spend so much time here on my make-money tips blog discussing affiliate marketing, I want to talk about these profit concepts we’ve just discussed as they apply to affiliate marketing sales.

When you’re selling affiliate products, you usually will pre-sell the product. Then you pass the customer to an affiliate sales page.

In reality, the customer is leaving your online store and is now on the affiliate merchant’s website. Their sales page is designed to close more sales and provide all product fulfillment.

Why Preselling, Your Customers, Is Important?

This is great because you spend most of your time getting traffic to your website or blog. Then you can pre-sell the affiliate product before sending them away to make a purchase.

The downside to this is you have no input into the price of that product. You’re competing against other affiliates selling the same product for the same price.

That becomes a problem when I have a higher overhead because I’m doing things like paid advertising or outsourcing to freelance workers that my competition may not be doing. If you want to make more profitable affiliate sales, consider taking more of an e-commerce approach.

Purchase affiliate products from the merchant at their price but sell them at a higher price. You could do this by selling the products directly to the consumer and shipping them yourself.

Of course, this will only work if you can control your cost and offer more value to the sale of that product.

If not, people may catch on to the fact they can buy it cheaper from another affiliate website. When you throw more into the sale, this takes away the apple-for-apple sale and becomes more of comparing apples to oranges.

Final Thoughts

How To Profit In Business - creating a success strategy plan

Changing your combination of products and services can increase perceived value for your customers and grow your revenue simultaneously. It can also turn the wrong customers into the right customers.

Changing the combination of products and services can deepen your relationship with your customers and make it more difficult for another seller or affiliate to compete with you.

Thinking about having more money to increase your profits, or want to make more money? I can help you with affiliate marketing starting by joining a community, and you can start learning for FREE!

If you need help on how to get started, check out my #1 recommendation on building a successful business online. You can get access to hundreds of training videos, 24/7 support, professional consultations, private access to training guides, tools, personal private assistance, my personal help, and much more.

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10 thoughts on “How To Profit In Business – And Build long-term Income”

  1. I really like your idea of taking more of an e-commerce approach to affiliate marketing.  It is difficult to compete with other affiliate marketers with the same products at the same price. The idea of setting yourself apart is always a really important way to be able to make money for ourselves in this type of market. Great job.

    • To separate yourself from your competitor, e-commerce sometimes is your best approach. In this way, you can buy it from the merchant and sell it at a higher price to your consumer in this way you guarantee a profit. Thank you for the feedback and input here.

  2. Find what works for you, then take a calculated risk by focusing on that, and see success come in. That’s a universal step by step for success one can apply to everything in life. To be honest, I’d never thought about the mini-e-commerce investment. Buy the products, add something to them, and then market them for a greater price due to the added value. Sounds interesting. Kind of like a bridge between affiliate marketing and network marketing.

    • Faheen,

      Indeed, that is the best approach to profit in business. Once we find what works, we can scale it to build up our profits. this has worked in many areas like paid advertising. E-commerce is one of the best approaches to this and using Amazon FBA can help to move your products at an affordable price.


  3. A very unique approach to affiliate marketing and definitely makes this post a worthy read for me. Engaging in mini e-commerce might actually be a great way if one is ready to input the capital because competing with everybody while offering the same product with them will only be a matter of luck to win more sales. But offering more than what others offer will definitely give an edge. This is great

    • Yes, those four steps have helped me in the past and it is still effective today when implemented in your business continuously.

      Although many might be offering the same products and it may look like the opportunity is saturated, it will make lots of difference if you have the right marketing strategies. That is one reason I refer people to wealthy affiliate, to learn all these strategies and move ahead of their competition

  4. I understand the importance of price control in the purchase pipeline. And you suggest one option being to purchase the product, price it on your website and ship purchases yourself to your customers. May I ask where would be the best place to acquire the capital to purchase the products? 

    Personally, I prefer to be a channel to the supplier and let them handle the billing and fulfillment. Even if that would cut into my potential profit.

    All the best.


    • Hey Edwin, thank you for the comment and insight on the best way to make a profit in your business. there are a few companies that give loans to small businesses that help them get off their feet when purchasing products to resell. this one I know that has helped a few of my associates. Excelsior Growth Fund.

      Being a channel to the supplier is always the best way to go or you can open an Amazon FBA account and have Amazon do the fulfillment for your business. Read more about it below.

      Fulfillment by Amazon Hope that helps!

  5. Great post on how to profit in business, Bishop!

    The four steps you have outlined are all logical concepts, but I don’t think I’ve seen then put together in this way before… and I don’t really think that people actually take enough time to consider them either.

    Business is all about generating profits and you really need to take your time to consider how you are going to get these profits!

    I love how you mention the importance of pre-selling to your customers… this is something that has been working really well for me lately, but your e-commerce approach is certainly very interesting.

    Lots of food for thought in this article, thanks 🙂

    • Thanks, John, for the feedback and kind words.

      yes, the four steps have been overlooked many times, even by me. but once I start to implement them I was able to get better results with my income. S please do not take them lightly.

      A few of my associates had teamed up with their spouse and involve their children to help them fill their products and shipped them to their customers. this e-commerce approach had caused them to increase cost and make better profits for their business. Amazon can also help with fulfillment as well. Thank you for the feedback.



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