Offering Additional Services
Some Things to Keep in Mind
During a recession, businesses are looking for ways to generate new revenue. Adding new services is one way to do this. By expanding your offerings, you can attract new customers and businesses.
There are a few things to consider when adding new services. First, you need to make sure that the services you offer are ones that your target market will be interested in. You also need to ensure that you have the resources in place to deliver these services effectively. Finally, you need to price your services competitively.
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Creating a Plan of Action
Offering additional business services can be a great way to generate new revenue during a recession. By carefully considering your target market and pricing your services competitively, you can attract new customers and grow your business.
When creating your plan of action, consider what recession-proof services you can offer your clients. Recession-proof services are those that will always be in demand no matter the state of the economy.
A Few Examples of Recession Proof Services
- Accounting and bookkeeping
- Cleaning services
- Event planning
- Graphic design
- Home repair and improvement
- Pet care
- Translation services
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