Hello Guys !!
I want to increase my profits do I increase my hourly quotation fees or decrease my fees? Please explain the possible options to increase profits.
I agree that profit is the main moto of any business. But to increase profit in any business there are lot of factors to be consider. Just by doubling the price quotes of by doubling your sell will make you loss in long term. Instead I suggest you to apply a good strategy in you business and earn good profit.
You have asked here for increasing hourly quotation fess means I don't understand clearly that are you in which business field?
Some of the favorable prospects that are going to help me in making a good source of income or profit seems to be the renting of the heavy equipments. The increasing demands of these have prompted me to think in this way. But there are certain facts which remain unanswered for me. Like I would have to know how can I reach the companies who require such items frequently as rent and I also need some trained people who can give them a demo whenever necessary. Provided some people here can help me find suitable ways it would be better for me to think clearly.
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boom lift rental
Do more work to increase your profit.
According to me Increase your profits by reducing their product costs without reducing their prices. If you can not do that, you can choose to increase your hourly rate.