The crazy holiday shopping season is pretty much here! Hooray! This is when many retailers make up for a slow year and, if you’re one of those retailers, then read on for some tips to maximize your profits.
“This is the time of the year when great service counts,” states John Tschohl, president of Minneapolis-based Service Quality Institute. “Competition is everywhere so you have to do the job better and better. Amazon increased sales 40% last year and will do the same this year. You are a click away from your competition.” That being said, how can you set yourself apart from your competitors? How can you generate just a little more profit on each sale?
Wrap it up. Save your customers time by wrapping some of your best-selling items for instant ready-to-give gifts. Keep some unwrapped samples on the display so that customers can examine the merchandise. Make sure you color code the wrapping paper so everyone knows what’s inside. For example, lotion set in red gift wrap, cupcake cookbook in green gift wrap, picture frame in blue gift wrap, etc. Don’t forget to stick a name tag on the pre-wrapped gifts so your customers can label them before they forget what’s inside.
Stuff those stockings. Offer stocking stuffers right next to your register to stimulate impulse sales. We all need little last-minute gifts so offer some small items at checkout to capture the customers’ attention and jog their memory of “Oh yeah, I need a little something for so-and-so at work/school/church, etc. and this would be perfect.” There are many attractive and functional impulse displays that can help you generate impulse sales all year round, not just during the holidays.
Send holiday cheer. Send a holiday card to your regular customers and offer them specials not available to the rest of the public. Invite your best customers to an after-hours party to show your appreciation.
I love you, man. Treat everyone who walks through your door as if they are truly special. Because they are! They could go to any other store but they chose to enter yours so make them feel welcome. Help take the edge off all the stress and craziness of the season by giving a genuine smile, offering to help them find gifts, complimenting them on their cute reindeer antlers (What? Some of us are very festive), scarf or whatever else is nice.
So. Very. Late! If your shoppers are anything like me, they wait until the last minute to shop so make sure you have a display that features last minute gift ideas in varying price ranges. If you have the room, separate categories such as “Gifts Under $20”, “For Him”, “For Her”, etc.
Holiday bonus. Everyone loves free gifts! During the last week or two before Christmas, offer bonus gifts to customers who spend a certain amount, like $75 or more. Let them choose a gift from a variety of free items that you select.
Slippery when wet. Keep your floor clean and dry so it looks nice and so people don’t fall and break their…holiday cheer.
Take care of yourself. The holiday season can be a challenge so make sure you get enough rest and healthy food to keep your batteries charged; it’s hard to be nice to customers and coworkers if you’re feeling icky. Don’t forget how much fun it can be to create events and promos and then help them succeed.
Please let me know what promos you’ve tried and how they went. Have a great holiday sale season…and have fun!
specialtystoreservices 