Naperville Business Lawyer Discusses Ways Your Small Business Can Make Additional Money

money, Naperville business law attorneyIf you are an entrepreneur or small business owner, you know how important the bottom line is. Small businesses must constantly find new ways to cut unnecessary costs and increase profits. As a business law attorney and small business owner myself, I am constantly aware of how each decision can affect the profitability sustainability of the company. While you may have considered the typical ways to develop your business already, you may have overlooked some surprisingly simple ways to make more money.

Collaborate with Other Businesses

If you have not already done so, consider the ways you can use your relationship with the business community to increase your revenue. One idea which many experts suggest is to rent out unused office space to another individual or business. Websites such as PivotDesk and LiquidSpace allow you to connect with other entrepreneurs who are looking for a workplace. This is not only a smart way to make quick cash from unused space but also a great networking opportunity.

Other businesses increase their profits by collaborating with other businesses in their field or a related field. For example, an owner of a clothing store may consider partnering with someone who makes jewelry by allowing the jewelry maker to sell his or her products in the store.

Make Sure You Are Not Ignoring Free Advertising

The internet has revolutionized the way businesses attract customers and the way customers find the products and services they need. If you are a small business owner, make sure you are not neglecting to market your business online at every opportunity. The first step in getting your business online is to ensure it is listed on Google. In order for your business to show up on Google Maps, Local Finder, and in search engine results, you must claim and verify your business through “Google My Business.” Qualifying businesses who register with Google have the opportunity to list information about their company such as their hours of operation and contact information.

After you have registered with Google, do the same for “Bing Places for Business” and customer review websites like Yelp. Signing up for these websites is generally free and helps customers looking for your type of business to find you. Finally, make sure your business is effectively using social media to inform potential customers about your services or products. Take a look at these previous blog posts to learn more about how social media can benefit your small business.

Legal Guidance from an Experienced Attorney

The Gierach Law Firm provides comprehensive business law services for many different types of businesses. Call 630-756-1160 today to schedule your initial confidential consultation with a skilled business law attorney in Naperville.

 

Sources:

USA Today

Wired