Discover how much extra profit your business could make. The profit increase calculator prompts you to enter your existing figures to determine your current net profit based on cash flow and other relevant factors. It then guides you through various performance improvement factors, showing you how minor improvements can impact your profit.
Download: Profit increase calculator
USE THE PROFIT INCREASE CALCULATOR TO YOUR ADVANTAGE
There’s always a risk associated with raising prices, making it smart to look beyond price increases to improve your profits. The profit increase calculator allows you to consider other factors and to find out exactly how much of an increase you could expect if you were to follow through with key performance improvements. For example, if you’ve realised that your conversion rate is below the average for your industry, you could experiment with various conversion rate improvements to find out how much more profit your business could potentially generate. You may find that you’re leaving a lot on the table or that it would make financial sense to invest in some sales training for your staff. You could also use the profit increase calculator to see how expanding your pool of potential customers might affect your bottom line. Depending on your net profit results, you may be able to justify entering a new market or launching a broader marketing campaign.
HOW TO USE THE PROFIT INCREASE CALCULATOR
Our profit increase calculator is a simple spreadsheet that makes it easy to look at how minor improvements in your reach, conversion rate, or repurchase rate can translate into increased profits.