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How to Increase Profit Margin: 5 Strategies for Any Business

Hubspot

Every company has its eyes on its bottom line and, in turn, is mindful of its profit margin — the most definitive metric of how successful your sales efforts are, relative to your expenses. Ways to Increase Profit Margin. If you want to improve your profit margin, you can't go in blind.

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Differentiation Strategy (and the Sea of Sameness)

ConversionXL

Tesla has all the long-range electric cars now, but every single car maker will get there soon enough. Profit margins are increasingly low. It’s a strategic decision—one that may determine your company’s long-term success. Even if you have some really innovative stuff, you might have a two-year runway. Image source ).