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Mar 28, 2024 · news.bensbites.coOne such innovative idea was to monitor the sale of recurring medicines by a pet store and remind customers when it was time for renewal. This strategy, along with other recommendations, resulted in a significant 65% increase in revenue for the client.
Key takeaways
- In early 2020, volunteer consulting teams were created to offer free support to small businesses struggling with pandemic restrictions.
- The support included analyzing financials and developing emergency action plans to increase revenue.
- One of the strategies involved keeping track of recurring medicines sold by a pet store and reminding clients of renewal time.
- After implementing the recommendations, the client saw a revenue increase of 65%.