21 Strategies To Improve Cashflow – A Check-List

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Use this Check-list of 21 Strategies To Quickly Improve Cashflow in your Business.

Why is it important to improve cashflow – Cashflow or pure cash is often referred to as the life blood of business and I guess that’s true. Life will soon leave a body devoid of blood so a business will similarly perish without cashflow – a flow a cash flowing throughout it’s cycle.

Improve cashflow by using the following check-list to pump up your business vital signs…

1. Have a Test & Measure System for everything
2. Improve cash flow with improved  Conversion Rates – Use Phone Scripts for, Incoming and Outgoing Sales Calls
3. Put Your Prices Up – Test the Market. Fast way to improve your cashflow
4. Increase the Average (£) Sale – Cross Sell & Up Sell; Have a “Magic Question” Fast way to improve cashflow
5. Promote the Business – With A Public Relations Article
6. Increase The Average Number of Customer Visits, Send Direct Mail “Monthly Offers” to Existing Clients, With Telephone Follow Up
7. Increase The Number of Leeds – Targeted “New Prospects, With a Great Offer – Use Sale Scripts
8. Negotiate to Extend Creditor Credit – short term improve cashflow
9. Encourage and Accept Pre-Payments for Special Orders
10. Implement a Debtor Collection System – Use a Debt Collection Service for over due Debtors – Usually the greatest opportunity to improve cashflow
11. Have Closed Door Sales – Invite Customers to “Bring a Friend”
12. Promote Packaged Offers – Bundle Quick Moving Lines With a Slow Moving Line (Reduces Stock)
13. Use Product Scarcity –  Add On Sale – (limited campaign this week only)
14. Use Affiliates (sell other peoples product for % commission)
15. Increase Stock Turns – Reduce Stock  (get slow moving stock out FAST)
16. Events – novelty events to generate publicity
17. Sell Excess and Under Used Assets
18. Lots of Small Ads – (classified – spot ads – for lead generation)
19. Sales Team Incentives – (Rewards Based on Profit Margins)
20. Split Level Pricing (based on volume)
21. Referrals – Have a referral or non referral price – On the Phone – ask for a referral after sale