How to Break Down Revenue and Cost to Improve your Business Bottom Line

Описание: Are you looking to improve your bottom line? Make sure you do this!

1. Break down your revenue streams so you can see where all of your income is coming from.
2. Break down all of your expense categories so you can see where all your money is going.

By doing these two simple things you can get a better idea of where your money is coming from, where your money is going, and allow you to better track overall profitability to ensure your money is being strategically monitored.

Let’s take a look at an example:

Let’s say you spend $2000 in marketing spend on the following areas of your business:

Facebook = $1000
Google = $500
Bing = $500

Each of these revenue streams returned the following for that same period:

Facebook = $1500
Google = $700
Bing = $1000

This shows that Bing is by far your best revenue stream when you put money on it so you could reduce your google ad spend and put more on Bing to increase your profitability!

0:00 -1:02 How to Break down revenue
1:03 - 1:58 How to break down cost

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Break down revenue and cost

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