Increasing Your Profitability
The more you are able to offer options to customize, the more you increase the value of your packages
Focus on low-cost options such as location or time of day for customization options
Add additional customization, and increase profitability, by offering Enhancements such as live music options, floral package upgrades, or additional decor.
Employ revenue management strategies to increase profitability and shift demand.
Knowing the wholesale cost
of your packages is key for understanding your profitability and will help guide your pricing strategy.
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