Return on business trips

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Plan your business travel smartly. Every business trip cost money and its also very important for business to keep up with their clients.

How much return on each business travel penny you should expect. A nice article below.

Travel is an important tool to have in your small-business tool kit. Its an investment in growing and sustaining your business. As with any investment, you want to get the highest return.

To get bigger orders from your current customers and find new clients, plan a business trip.

Travel is an important tool to have in your small-business tool kit. Its an investment in growing and sustaining your business. As with any investment, you want to get the highest return.

Businesses get an average return of $9.50 for every travel dollar they spend, according to a study the U.S. Travel Association sponsored that Oxford Economics conducted. And its clear why business travel makes sense. In-person interactions close sales and deepen relationships. Customers prefer to work with people they can relate to and understand.

Im always advising business owners to remember this: People do business with other people. Unfortunately, in my own business, Ive seen that the reverse is also true. A few years ago, we lost a significant customer.

When I asked why the customer had stopped doing business with us, the head of the company said, Because we hadnt seen you in a while, and your competitors kept coming to us. The lesson was an expensive one to learn.

To increase your return on travel takes a little bit of planning. Before a trip youre busy taking care of pressing things, but carve out just a little bit of time to consider ways of increasing the value of your upcoming travel.

 

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