Average Sales Increase Expectations For Small Business

It appears the average sales increase expectation for small business owners is not very high for this coming year.

 

TD Bank just released a report that states small business owners expect to increase sales on average by 1.7% over the next twelve months. To read the full report (it also includes The Canadian Federation Of Small Business' small business confidence barometer index) just click here. (the report is very short)

 

So if you expect to increase your sales by more then 1.7% consider yourself above average. 1.7% is not much though. Even if you are attaining this I would suggest you can probably do better. Inflation it self may turn out to be more then 1.7%.

 

If you are looking to increase sales I would suggest investing in sales and marketing activities. Today there are many low cost and effective tools you could do yourself or contract out and have an expert do them for you. These could be anything from direct mail to online advertising to social media to search engine optimization to email marketing to print advertising and the list could go on and on. The other option would be to outsource your entire sales and marketing department to a third party if your just not seeing the results you want. The main thing is if you are expecting a sales increases of 1.7% or less you are most likely not going to be able to cover your increases in costs and therefore have a reduction in profit. Most small businesses should easily be able to increase sales by 10-15% per year with a little bit of focus on marketing and sales.

 

If you found this article interesting you may also like

1. Small Business Marketing - 5 Key Components

2. Email Marketing Guidelines To Generate New Customers

3. Do What Heinz Beans Did And Get More Customers

 

 

I help various B2B small businesses in Waterloo, Ontario, Canada generate new customers. If you are interested in keeping up to date on issues related to generating new customers for B2B small businesses subscribe by email to this blog.

 

I hope you have found this blog titled average sales increase expectations for small businesses interesting. Feel free to share this blog post on Facebook or to share it on Twitter if you know of other people that would be interested in it.

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Profitworks Small Business Services Inc. a company that provides search engine optimzation and website conversion optimization services which increase the amount of sales generated from a website. Profitworks is a company built on the values of integrity, hard work, doing things better than they have ever been done before and the utmost commitment to our customers. The focus of our all of our services is to provide a positive return on investment to our customers.

 

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