To be able to increase profit in a business you have to consider some strategies to be able to gain more profit. The most common way to increase profit is to increase in sales. You can do this by improving your marketing plans, expanding your product lines or entering new markets. Another way to increase profit is to reduce costs. You can do this by negotiating contracts with suppliers, streamlining your operations, or outsourcing non-core functions. Raising prices is a risky strategy but it can be effective if your customers are willing to pay more for your products or services. Make sure that you communicate the value of your products or services to your customers. Improving efficiency can help you reduce costs and increase productivity. You can do this by investing in new technology, training your employees or implementing lean manufacturing techniques. Focus on high margin products or services. Identifying the products or services that generate the highest margins and focus on them. This will help you maximize your profitability.