How can you get profit in a business?

Answer 1

well, it depends what buisness your running.

Second Answer:However it might depend on what industry your business will be running under, but what it boils down to is any business will make the most profit in the most efficient way by making their marginal revenue become equal to their marginal cost. Essentially by doing this you will make your shareholders , if you're a public business, keep earnings on a rise for as long period as possible. Also, don't be like Enron, I would hate for Crackers, the corporate crime fighting chicken, to come after you.

Some more strategies-

you can earn profit in a business by satisfying your customers,providing them with what they demand at the right quality,quantity,price place and time. It will increase your number of consumers and hence profit.

You can also use some promotion strategies like advertisements, effective sales promotion schemes,e.t.c. to attract more customers.

You can also motivate your employees(if any which obviously depends on the kind of business you are running) by giving them incentives so that they perform their task efficiently and bring economy to the business.

Third answer

Profit is not something you "Put" into a business. "Income" goes into the business, "outgo" is what is spent, and "profit" is what is left (in the simplest of terms). If the question really is how do you increase profits in a business, you either increase income while keeping outgo the same, or you reduce the outgo, while keeping income the same.

If you want to be more profitable. . .do good business.

There once was a great sultan that wanted all the knowledge of the world at his fingertips, he hired the worlds greatest scholars to compile all of the important information of the world into one place. After years of scholarly work they had amassed all of the important information into a library of such vast size that it would take days just to walk its length. the Sultan cried out, saying this was impossibly large and, that it was useless since he could not access the information, he would need. He brought those same scholars back in and said that were not done, that they needed to edit the information down to a manageable size. They spent more years editing the library to just few books, that took up just one shelf. The Sultan again explained that he could not access the exact information he would need at any given moment, and they were challenged to reduce it further. they reduced to just one book, but that was not enough. They reduced it to just one chapter but were challenged again. finally they reduced it to just one sentence.

The Sultan was summonsed and presented with this one sentence. It read "there ain't no such thing as a free lunch".

If you are looking for the answer to having a successful business, then it will be work and risk. There is no such thing as a free lunch.