13 June 2021
We all know that the demand during Ramadan month has increased so that we can gain more profit. However, it is crucial to save some of our earnings for the business operational needs. No. one knows for sure whether our sales after Eid Mubarak holiday will be as high as before or not. So, we better prepare for the rainy days.
During the fasting month, many food and beverages business owners get more opportunities to increase their sales. However, as the peak season will be over, we need to prepare other strategies to stay engaged with our customers. Here are the ultimate business tips we should try after the Eid Mubarak holiday!
1. Evaluate your sales and market trend
Every entrepreneur, regardless of their interest, should become a lifetime learner. We can look at our previous sales report to evaluate which products have the highest & lowest selling. Those which were sold the least can be promoted by offering the discount price.
2. Offer special price to the customers
Who wants to skip a hot promotion? Regardless of the time and the place, promotions like discount or cashback become an effective way to increase the customers’ interest. It is also effective to prevent sales decrease after holiday.
3. Launch a new product/service
The other strategy we should do to attract the customers is by launching our new product and service. Let them know why our new product should be added to their shopping cart. We can also give them special offers for purchasing the new product, such as a gift or free sample product.
4. Keep our budget in control
We all know that the demand during Ramadhan month has increased so that we can gain more profit. However, it is crucial to save some of our earnings for the business operational needs. No. one knows for sure whether our sales after Eid Mubarak holiday will be as high as before or not. So, we better prepare for the rainy days.
As the food and beverages entrepreneur, we should be prepared to anticipate the possibilities in our business. Because at the end of the day, it is not about how much we can get, but how we can manage our business well.