Tips Guaranteed to Increase Your Retail Sales

Updated May 11, 2010

 

 

 

*** To see previous pcAmerica Newsletters, go to:

 

http://www.pcamerica.com/pos_newsletter_archive.html

 

10 Tips Guaranteed To Increase Sales and Profits by 25%

 

10 Tips Guaranteed to Increase Retail Sales (#1)

Please contribute to my charity.

10 Tips Guaranteed to Increase Retail Sales (#2)

15 Things Retailers Should Never Say.

10 Tips Guaranteed to Increase Retail Sales (#3)

Keep A Perpetual Inventory.

10 Tips Guaranteed to Increase Retail Sales (#4)

Pay More. Fire More. Train More.

10 Tips Guaranteed to Increase Retail Sales (#8)

Getting to Yes!

10 Tips Guaranteed to Increase Retail Sales (#9)

Sending Out Email.

10 Tips Guaranteed to Increase Retail Sales (#10)

Get a Website.

Contacting pcAmerica

 


 

  • 10 Tips Guaranteed To Increase Sales and Profits by 25% (#1)

This is the first of 10 articles to help you increase your retail or restaurant sales or profit by 25%. These ideas are in no particular order. This is the first.

 

If you wish to contribute some of your own ideas, please go to:

 

http://www.quicktopic.com/44/H/kmftrxGq5dfrq

 

Quick Topic Sales Tips

 

The link above is a link to Quick Topic. This is a FREE online discussion board that you may want to use in your business. If you go to the link above, you will be going to our 10 Tips Guaranteed To Increase Sales and Profits by 25%. It is anonymous and does not require you to logon in order to post to this discussion board.

 

Tip #1 Please Contribute to My Charity.

As the owner or manager of a retail store, you are constantly being asked to contribute to various charities and other types of organizations.

Giving to charities and helping out is a good thing. I am not advocating ending your charitable contributions, but here’s an idea that one of my favorite restaurants, The Dog House, shared with me.  The idea will work with any type of retail store (restaurant or non-restaurant).

When a local organization such as a school asks for a contribution, you can turn it around. The Dog House organized a Dog House week for a local school who had asked for a contribution. They made event menus available to the entire school. Anyone who made a purchase at The Dog House during Dog House Week who mentioned Dog House Week filled out a short form and was given a special receipt for their purchase. At the end of the week, The Dog House contributed 10% of their total Dog House Week attributed sales to the event to the school.

The event was a huge success for both The Dog House and the school. The school's proceeds exceeded any previous events or donations. The Dog House had a great sales week, helped a worthwhile charity, and added new, first time customers.

In addition, The Dog House was able to add names, street addresses and email addresses to its customer list that it would use for future marketing.

For those of you who were thinking about a school promoting hot dogs and hamburgers, The Dog House does have healthy salads and other dishes, as well.

The police, firemen, local churches, cancer, heart, and other health related charities, ASPCA, schools, baseball teams, GM (just making sure you're reading this) and others are all asking for money. Most of the these causes are good causes, but many retailers just can’t keep giving. Now you have a way to turn it around. Make many of these charities into customers.

 

Give each charity its own week. Make up some specials, especially for members of the organization. Collect those email addresses and give back enough to make it worthwhile for the organization you are working with.

 

Purchases made at charitable events may be tax deductible. You would have to ask our government officials about the propriety of such tax deductions.  

 

  • 10 Tips Guaranteed To Increase Sales and Profits by 25% (#2)

 

This is the second of 10 articles to help you increase your retail or restaurant sales or profit by 25%. These ideas are in no particular order. This is the second.

 

If you wish to contribute some of your own ideas, please go to:

 

http://www.quicktopic.com/44/H/kmftrxGq5dfrq

 

Quick Topic Sales Tips

 

The link above is a link to Quick Topic. This is a FREE online discussion board that you may want to use in your business. If you go to the link above, you will be going to our 10 Tips Guaranteed To Increase Sales and Profits by 25%. It is anonymous and does not require you to logon in order to post to this discussion board.

 

Tip #2 15 Things Retailers Should Never Say.

1. I don't know.

Not good. When it comes to the products you are selling your customers expect that you know the answers. If you don't know the answer about one of your products, you should research it and get back to your customer.

2. We're closed.

You've come across this before. You walk into a store and someone comes up to you and says, "WE'RE CLOSED."

It would be far better to let the customer know that you are about to close and ask if there is anything you can do for the customer right now. Or, let the customer know that if he needs lots of time, he can come back tomorrow. If you can, it's always better to stay open a few more minutes and help your customer.

3. It's over there.

OK. Your customer wants to know where he can find a particular shirt. Your sales person points to the end of the store and says, "IT'S OVER THERE." It would be much better to actually lead the customer to the item that he is looking for.

4. We're out of that.

Oh great. You have a customer that came in for it and you tell him that you are out of it. Your customer is already ticked that he can't buy it. It would be better to take down his name and do a special order, or offer an alternative, or even offer another place where he may be able to find it. At least your customer will feel that you tried and leave your store with a good impression.

5. I'm busy right now.

I've been confronted with that phrase in many stores. You ask a sales person for help and you're rejected with the phrase, I'm busy right now. OK. You may be busy but you should still help your customer. You may want to let him know that you are currently helping another customer but will be back to help him as soon as you are finished. Or, you can call someone else over who can help your customer.

There are 10 more things you should never say to a customer. To see the entire list go to:

http://retail.about.com/od/customerservice/tp/bad-customer-service-phrases.htm

15 Things Retails Should Never Say 

  • 10 Tips Guaranteed To Increase Sales and Profits by 25% (#3)

 

This is the third of 10 articles to help you increase your retail or restaurant sales or profits by 25%. These ideas are in no particular order.

 

If you wish to contribute some of your own ideas, please go to:

 

http://www.quicktopic.com/44/H/kmftrxGq5dfrq

 

Quick Topic Sales Tips

 

The link above is a link to Quick Topic. This is a FREE online discussion board that you may want to use in your business. If you go to the link above, you will be going to our 10 Tips Guaranteed To Increase Sales and Profits by 25%. It is anonymous and does not require you to logon in order to post to this discussion board.

 

Tip #3 Keep a Perpetual Inventory.

Forget shoplifting for the moment. It is estimated that the cost to business as a result of employee theft is greater than 6 percent per year.

Employee theft is responsible for 30% to 50% of all inventory shrinkage. Shoplifters are responsible for another 40%. Your employees are your biggest cause for inventory shrinkage. These figures hold up for both retail stores and restaurants. In restaurants, sources for shrinkage include employees eating the profits and giving away free food to customers and friends in exchange for larger tips.

One way to lower inventory shrinkage is to set up a perpetual inventory system in your store. Instead of checking your inventory once or twice per year (called periodic inventory), check it continuously.

You already own Cash Register Express, Restaurant Pro Express, or maybe some other alternative point-of-sale system. One of the biggest assest to a point-of-sale system is that you always know how much is still in stock (or at least, your computer has an accurate account of what should be in stock).

Perhaps you have 200 screwdrivers in stock. You sell 110 screwdrivers leaving about 90 screwdrivers. The order point feature of your point-of-sale system tells you that you are low in stock and need to order 300 more screwdrivers. By the time the screwdrivers come into the store, you may only have 70 left. Add the 300 new screwdrivers and you should have 370 screwdrivers. The problem is no one counts to make sure that the number of screwdrivers in stock is accurate. You rely on your computer to tell you what is on the shelf and never take a physical count until your yearly or periodic inventory counts.

Get your employees involved and make them responsible. Have an employee responsible for a weekly or even daily count of the screw drivers. If an employee knows that he has responsibility for an accurate account, he is far less likely to steal a screwdriver and more likely to make sure thefts do not occur.

You need to do everything within reason. You don't want your employees to follow around every customer who enters the store in order to avoid theft. On the other hand, you want your employees to know that inventory management is important to you and the business.

As a further precaution, you may want to swap inventory control assignments. Your screw driver counter may be responsible for counting light bulbs next month and your light bulb counter may be responsible for counting hammers.

Making your employees responsible for inventory counts will lower employee and customer thefts. They may also help you figure out other reasons for inventory shrinkage that you may not have thought of.

For more information about the differences between perpetual inventory and periodic inventory go to:

http://en.wikipedia.org/wiki/Perpetual_inventory

For more information about how to control and prevent employee theft go to:

http://www.score.org/article_how_to_prevent.html

 

  • 10 Tips Guaranteed To Increase Sales and Profits by 25% (#4)

This is the fourth of 10 articles to help you increase your retail or restaurant sales or profits by 25%. These ideas are in no particular order.

 

If you wish to contribute some of your own ideas, please go to:

 

http://www.quicktopic.com/44/H/kmftrxGq5dfrq

 

Quick Topic Sales Tips

 

The link above is a link to Quick Topic. This is a FREE online discussion board that you may want to use in your business. If you go to the link above, you will be going to our 10 Tips Guaranteed To Increase Sales and Profits by 25%. It is anonymous and does not require you to logon in order to post to this discussion board.

 

Tip #4 Pay More, Fire More, Train More.

You have already picked the ideal product to sell or have the restaurant with the greatest food.

You have found the ideal location for your retail store or restaurant.

Why are sales lower than expected?

Your employees can make or break you. You are the boss. It's your responsibility to retain and train the best employees.

How much should you pay your employees? My answer is always $1 above the employee who works for your competition.

Salary is very complicated. Your business is not a philanthropic organization or a government agency. You want to make the largest profit possible. That means paying your employees as little as possible.

On the other hand, if you are paying a lower salary, you are likely to have substandard employees who cost you and/or your business lots of potential profits.

If you pay your employees a dollar more than the average local wages in your area, you are more likely to get the best possible employees for your business.

Those businesses with the best reputation for employee wages tend to get the largest number of employees seeking out a position. These businesses have a line of people seeking a position (full or part time).

Treat your employees well and they will treat your business well.

Your employees are hired to serve your customers. You need to train your better than average employees to serve your customers better than any of the competitors.

Having some type of weekly training for all of your employees is a great thing. Make up some situations. Have one employee act as a "disgruntled customer from hell." How will your employees handle this customer? How do your employees handle customers with heavy accents? How do your employees handle customers with endless questions? Are you employees patient? Train your employees to up sell.

Many highly successful businesses have rules. One employee may not talk to another employee as long as a customer is within 10 feet of an employee.

You don't need to train your employees to be pushy. Train your employees to be nice, pleasant and go the extra distance to help your customers.

A restaurant server needs to take full control of the tables that they serve. They should always know which patron ordered which food. If the food is delayed, the server should not hide. Just tell the truth.

You will find that the extra dollar you pay, will more than be made up in extra sales.

Do you own a convenience store? The same rules apply. People are much more likely to come in more frequently when your cashier says hello and actually recognizes your customers.

If you have an organization with 10 or more employees, fire one every once in a while. That is, look for your worst employee. Who is your worst employee? If you can answer that question in less than 10 seconds, that employee should probably be fired. Find a new, better employee...If you can't name a worst employee, than you have reached your goal of having a great staff.

Your employees are an extension of you and your business. If you have a great business, make sure you have great employees and treat them that way.

  • 10 Tips Guaranteed To Increase Sales and Profits by 25% (#8)

This is the eighth of 10 articles to help you increase your retail or restaurant sales or profits by 25%. These ideas are in no particular order.

 

If you wish to contribute some of your own ideas, please go to:

 

http://www.quicktopic.com/44/H/kmftrxGq5dfrq

 

Quick Topic Sales Tips

 

The link above is a link to Quick Topic. This is a FREE online discussion board that you may want to use in your business. If you go to the link above, you will be going to our 10 Tips Guaranteed To Increase Sales and Profits by 25%. It is anonymous and does not require you to logon in order to post to this discussion board.

 

Tip #8 Getting To Yes.

 

Last week, we talked about reducing  your rent. As a business owner, you constantly need to negotiate with landlords, vendors, employees, and customers. Most of us rely on intuition and personality to negotiate. Fortunately, there is one great book that can take you beyond intuition and your personality.

 

Getting to Yes teaches you how to negotiate agreements without giving in. In real life, we are always negotiate. We do more than negotiate legal agreements and rent agreements. We are constantly negotiate with our vendors, employees, parents, kids, and spouses.

 

Getting to Yes offers a straightforward universally applicable method for negotiating personal and professional disputes without getting taken ... and without getting angry.

 

"Getting to YES offers a concise, step-by-step, proven strategy for coming to mutually acceptable agreements in every sort of conflict - whether it involves parents and children, neighbors, bosses and employees, customers or corporations, tenants or diplomats. Based on the work of the Harvard Negotiation Project, a group that deals continually with all levels of negotiations and conflict resolution from domestic to business to international." (From the back cover.)

 

 Separate the people from the problems;

 

 Focus on interests, not positions

 

Work together to create options that will satisfy both parties

 

Negotiate successfully with people who are more powerful, refuse to play by the rules, or restort to "dirty tricks"

  • S

Every business owners or manager should have a copy of the book and actually read it. We're talking about under $12 and less than 200 pages. It's pretty easy reading.

 

You can purchase a copy at Barnes and Nobles at:

 

http://search.barnesandnoble.com/Getting-to-Yes/Roger-Fisher/e/9780140157352/?itm=1&USRI=getting+to+yes

 

...and for those of you who don't like to read, you can download a copy of the book in .mp3 format for under $15 (for use on your IPod or any other digital device) at:

 

http://search.barnesandnoble.com/Getting-to-Yes/Roger-Fisher/e/9781440667466/?itm=2&USRI=getting+to+yes

 

A CD version of the book is available at:

 

http://productsearch.barnesandnoble.com/search/results.aspx?WRD=getting+to+yes

 

Various versions of the book (soft cover, CD, and hard cover) are also available on Amazon.com at:

 

http://www.amazon.com/gp/product/0140157352/ref=s9_simh_gw_p14_i1?pf_rd_m=ATVPDKIKX0DER&pf_rd_s=center-2&pf_rd_r=0R6BSJDPPP3GFVN4RYVY&pf_rd_t=101&pf_rd_p=470938631&pf_rd_i=507846

 

 

  • 10 Tips Guaranteed To Increase Sales and Profits by 25% (#9)

This is the ninth of 10 articles to help you increase your retail or restaurant sales or profits by 25%. These ideas are in no particular order.

 

If you wish to contribute some of your own ideas, please go to:

 

http://www.quicktopic.com/44/H/kmftrxGq5dfrq

 

Quick Topic Sales Tips

 

The link above is a link to Quick Topic. This is a FREE online discussion board that you may want to use in your business. If you go to the link above, you will be going to our 10 Tips Guaranteed To Increase Sales and Profits by 25%. It is anonymous and does not require you to logon in order to post to this discussion board.

 

Tip #9 Sending Out Email.

 

If you’ve been reading our newsletter, you know that sending out emails is a great marketing tool for your business.

 

Cash Register Express (CRE) and Restaurant Pro Express (RPE) allow retail stores to obtain customer email addresses and send out emails to them.

 

pcAmerica has sent out 368 emails to our customers (our weekly newsletter). Prior to that time, we sent out a monthly “paper” newsletter.

 

Emails work. Many weeks, we don’t even mention our products. We just enjoy staying in contact with our customers. We know that just about 100% of our customers remember seeing our newsletter. Unfortunately, only about half read the newsletter, but that’s OK. Our goal is to keep reminding you that we are around.

 

If you own a retail store, it is equally important to stay in contact with your customers. Sending out an email is a great way to let your customers know that you exist.
 
According to research from Epsilon and published in MarketingVOX, email increases the likelihood to buy by 50%. More than 57% of recipients have a more positive opinion about companies that send out emails. 71% who make a purchase remember email communications when making a purchase.
 
Consumers appear to be more accustomed to offers from companies they trust and seem to appreciate the relationship. 84% said that they like receiving emails from companies with whom they register.


Here’s some email advice:
 
· If you are not emailing to your customers, you are losing money.
 
· Always get the email addresses of every customer entering your business (especially those who buy).
 
· It is nice to offer your customers some incentive for being included in your email address database. For example, offer your customers something for free or 10% off on a future purchase.
 
· Always allow customers to be deleted from your email list should they make such a request.
 
· Always remember that every customer is not computer literate. Probably about a third of your customers don’t use a computer or emails. It would be nice to have some sort of alternative for non-computer people. Perhaps send out a monthly post card to non-computer people.
 
· You don’t have to be that smart to send out a weekly, biweekly or monthly newsletter. If you can’t do it, get one of your more computer literate employees or friends to help you out.
 
· If you have never sent out an email to your customers before, start with something simple. You can offer 50% off on the next purchase,. That will get people to appreciate your newsletter. Or, you can simply send an email containing your picture (or the picture of one of your employees) with some words of advice related to items found in your store.
 
· Your newsletter should be friendly and always contain your name, address, and phone number.
 
· Your newsletter should be periodic. Send it out weekly, biweekly or monthly on a regular basis. People should look forward to receiving your newsletter.
 
· It does not necessarily matter that every single customer reads every word in your newsletter. It doesn’t matter if not every single customer enjoys your newsletter. What matters is that every customer knows that you are staying in contact. Most of your customers will appreciate this contact.
 
To read more about the benefits of sending out emails, go to:

 

http://www.marketingvox.com/email-increases-likelihood-to-buy-by-50-043281/

 

  • 10 Tips Guaranteed To Increase Sales and Profits by 25% (#10)

This is the 10th of 10 articles to help you increase your retail or restaurant sales or profits by 25%. These ideas are in no particular order.

 

If you wish to contribute some of your own ideas, please go to:

 

http://www.quicktopic.com/44/H/kmftrxGq5dfrq

 

Quick Topic Sales Tips

 

The link above is a link to Quick Topic. This is a FREE online discussion board that you may want to use in your business. If you go to the link above, you will be going to our 10 Tips Guaranteed To Increase Sales and Profits by 25%. It is anonymous and does not require you to logon in order to post to this discussion board.

 

Tip #10 Get a Website.

 

If your small business or restaurant already has a website, you may want to skip this article.

 

49% of small businesses currently have a website (or 51% of small businesses do not have a website).

 

84% of midsize businesses have a website. Midsize is defined as $10 million to $500 million in size.

 

The last time we took a survey, we found that about 1/2 of all pcAmerica customers using Cash Register Express or Restaurant Pro Express have websites.

 

My advice to those businesses that don't currently have websites is - it's time.

 

Why do so many retail stores and restaurants not have a web site?

 

Many small retailers feel that they don't have the technical expertise to set up a website.

 

Many small retailers believe that the cost is exorbitant.

 

Many managers and owners just don't have the time to even think about setting up a website.

 

 

Let's see if I can help you overcome your objections.

 

You really do need a website. It doesn't matter what type of business you own. Without a website, you don't exist (in the eyes of many people). Fewer people use the yellow pages to find your business. Your customers are searching the web to find you.

 

Let's say you own a small convenience store (called John's Convenient Stop). Why would John's need a website? People pass it by all the time. If they need a beer or a carton of milk, they'll stop by and make a purchase.

 

Having a website presence allows your customers to find you on the net. Just go to johnsconvenientstop.com. Your customers can now go your website and find your location, address, directions, and your phone number. Your local customers can call you and ask you if you have milk, ice, or other items that they may desire. Your website presence takes the place of a listing in the phone book (or can enhance your phonebook entry if you make reference to your website within the phone book).

 

Having just a one page website allows you to give your customers information that they may need in deciding to stop in your store. If you own a hardware store, you can list those items that people in your area may want. Add a list of the items that you sell on the front page of your website. People searching Google will find you.

 

How difficult is it to create a website? Many website hosting sites offer free templates. A website hosting site is owned by a company that places your website online so that other people can see it. You can choose a ready made template for your type of business. You add your business name, a little information about your company and you're all set.

 

If you are good with Microsoft Word, you can actually create a website using Microsoft Word and place it on the web.

 

If you are not technical, it is likely that one of your employees can figure out how to put your business on the web.

 

Start small and grow. Start with a one page website. Take a digital photo of your business and place it on your web page. You may also want to add a photo of the inside of your business or perhaps some of the products that you sell. Add some photos of your staff and let people know more about your store. Add a list of items that you sell and you are all set.

 

You don't need to sell anything on the web (although you can). You just want people to know more about your retail store or restaurant.

 

If you want people to keep returning to your website, add some content. Add a little section to your website that has some exciting information about your retail store or restaurant. One week, you may want to offer a free soda with any purchase. Another week, you may offer free French fries. Perhaps you can add a weekly contest. Anyone who has a cash register receipt invoice number ending with the number "5" gets a 10% discount the next time they come into your store. Or perhaps give a 10% discount during a certain time period.

 

If you own a clothing store, you can feature one great sale item each week. Just take a picture of the item with your digital camera and post it on your web site. Give 50% off on a certain item each week. That will get people to keep returning to your website and returning to your store.

 

How much does a website cost?

 

Here's a couple of places that can get you started.

 

Microsoft offers FREE websites for your small business. It won't cost you a penny and it comes with FREE templates (predesigned pages) to help you get started.

 

Go to:

 

http://www.officelive.com

 

FREE Microsoft Website

 

Homestead is a great place for a starter website. Homestead is now owned by Intuit (the creator of QuickBooks). You can choose from over 2,000 ready made templates. You just fill in your company name, add some text and photos (or use the included clipart) and you are all set. Homestead is FREE for 30 days. After that, the cost is $4.95 per month.

 

For more information go to:

 

http://www.homestead.com

 

Homestead.com

 

You can get a little more sophisticated by going to 1and1.com which runs $9.95 per month (after a 30 day trial). 1and1.com can add ecommerce to your website so that you can sell items directly from the web (via credit card).

 

For more information on 1and1.com go to:

 

1and1.com

 

1and1.com

 

There are dozens of other companies that offer FREE websites. Just search Google for free website.

 


 

Contacting pcAmerica

 

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For more information on Cash Register Express, Asset Management Software, Portable and Wireless Point of Sale, barcode readers, cash drawers and receipt printers, call PC America at 1-800-PC-AMERICA or 1-800-722-6374 or 1-845-920-0800. You may also purchase directly on the internet at www.pcamerica.com or email PC America at newsletter@pcamerica.com.

 

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