It’s no longer news. The down economy has put extreme pressures on small businesses across all industries from technology to service to retail over the past two years. While many businesses have not survived the economic downturn, those that have survived have only managed to do so by cutting costs dramatically – reducing wages and laying off staffers.
The entire country is concerned about the future of small businesses because of how vital they are to our country’s economic health. And despite continued attempts to revive the economy, small businesses continue to struggle with meeting their revenue goals.
What these businesses, such as retailers for instance, also need are solutions that will increase their revenue immediately, not just put more cash in their pocket that they will ultimately have to repay in the future.
One solution for them to consider: lottery sales.
Retailers earn commissions, risk free, off the sales of lottery tickets. On average, in the state of Pennsylvania, lottery retailers sell more than $375,000 each year and earn nearly $20,000 a year per location in commissions. And studies shows that 80 percent of lottery players buy an additional item when making their lottery purchase, so sales across the board increase when retailers sell lottery tickets.
It’s a simple solution to increasing revenue.
Domus is a marketing communications agency based in Philadelphia. For more information visit us at http://www.domusinc.com.