Profit Margins - Protecting Profits in the Face of Competition
Competition is eating into your profit margins and each day it gets worse.
With the increased use of the internet, has come an onslaught of competition. It’s not just the other guy down the street that you have to compete against. Thanks to the internet your competition has grown exponentially and continues to increase daily!
With increased competition comes the potential for a dwindling market share, higher expense ratios, and slimmer profit margins. Deteriorating profit margins are a problem for most companies or select divisions of a company. Stuart & Associates will show you innovative and practical ways to increase profit margins. This is accomplished by conducting a detailed analysis that will pinpoint the areas with the greatest opportunity. We will then work with you to quickly develop and implement a strategy that will increase your profit margins.
Originally published in Twice Magazine
Christmas is coming, and I'm sure that once again a leading consumer advocacy magazine or television news show will take another shot at the extended warranty and extended service plans business. As someone who has spent more than 20 years training retailers on how to successfully sell extended service plans (ESPs), I'm always amazed that these outlets consistently display their prejudice and lack of knowledge toward the service contract industry as a whole.