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Increasing Profits
The University of San Diego conducted a study to determine the economic value of on-premise signage. Table 2 shows the average increase in sales revenue that resulted from signage improvements. [1]
Let’s assume you own a typical family clothing store and add a new, better-designed sign to the business. Here’s how it could impact your bottom line:
A 7% increase in sales created by the addition of a needed sign, without increasing operating expenses, would cause the following change in profit:
With a small, 7% bump in sales your profit could jump from $24,604 to $55,151.
That’s an increase of over 124%!
Increasing profits is one way that signs improve your bottom line. Another way is by decreasing expenses.
[1] Figures from The Economic Value of On-Premise Signage, a study conducted by the University of San Diego School of Business Administration
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