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Manager's To Do

Cash Flow Ideas, Staff Brainstorm Topics and More Manager’s To-Do Items for July

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July 2-8

MERCHANDISING Move your birthstone display to a more prominent spot to remind your clients of this fun tradition. This should become a periodic exercise and July is a great time to start, as ruby, in addition to being a really cool birthstone, is a favorite alternative for the center stone in engagement rings.

OUTREACH Things a bit slow at your store? Olympian Diamonds’ Aleah Arundale recommends going to retirement homes and giving talks on gold buying. “It’s tough when business is slow. The most important thing is to keep trying different things.”

SALES Have a brainstorming session with your staff about what data need to be tracked in order to measure productivity and to find areas that can be improved. There are the obvious ones such as sales to goal, average sale and closing ratio — but look at casting a wide analytical net to capture those hidden indicators of performance, such as add-on as a percentage of sales, phone calls made, Instagram chat interactions and anything else they can come up with.

July 9-15

MANAGEMENT Here’s something time-management experts are always recommending: weekly reviews of your week — a habit, yes, but one that involves stepping out of the daily habitual stream to gain perspective. And now is the perfect time to implement it.

BENCH Consider purchasing a gold and diamond tester. Some jewelers put it off because they think it might be complicated or take time learning to use it. But they’re really simple to operate.

MARKETING Schedule repair clinics in the slow summer months for those customers who love jewelry for the handiwork involved.

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July 16-22

PLANNING June is the month for weddings, right? After all, that’s the origin of the popular term, “June Bride.” Well, Hallmark doesn’t agree. According to its figures, August has become the most popular wedding month over the past four years. June comes second. What’s that mean? Tweak your wedding marketing plan and try again.

ONLINE To stay relevant, you should refresh your website every two years and fine-tune it every six months. That six months is up. Customers will visit your store only if they like your website and think it looks modern. Does your site have simple lines, motion, huge photos and at least a hint of prices? If not, get busy.

July 23-29

REPAIRS Go through finished repairs for jobs that haven’t been picked up. Then the day before payday, call the owners and suggest they come and pick up the piece (while they’ve still got the cash).

EVENTS In a lifestyle center, strip mall or downtown location? Take the lead in organizing a community block party. Loads of fun and a great crowd generator.

PLANNING The idea of living on in perpetuity in digital form has some appeal, but it could be a headache for your surviving family because they may not be able to access many of your online accounts. The answer? Appoint a digital executor — a tech-savvy person who will be able to close or manage accounts in line with your wishes.

Over the years, INSTORE has won 76 international journalism awards for its publication and website. Contact INSTORE's editors at editor@instoremag.com.

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Manager's To Do

An Action Plan for Vegas, Father’s Day Prep, A Risk Review and More Manager’s To-Do Actions for June

Inscribe these tips on your calendar to make this month more productive.

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JUN. 2-8

BUYING If you’re in Vegas for the JCK shows (May 31-June 3), make this year’s buying expedition a cooperative effort with the rest of the staff back in the store. Prime your smart phone, digital camera and laptop so that you can feed as much information back to your employees and get their feedback on what you find. Maybe even set up a Twitter feed to show them how hard you’re working.

MARKETING Ramp up your blogging this week. Comment on what’s new in Las Vegas and what has people buzzing. You don’t actually have to be at the show to do this — just offer your opinions based on the trade press reports (if you need inspiration, check instoremag.com each morning).

Podcast: Would Your Customer Drive Hundreds of Miles for a Lab-Created Diamond?
JimmyCast

Podcast: Would Your Customer Drive Hundreds of Miles for a Lab-Created Diamond?

Podcast: Luxury Retailer Nick Linca Drops Into ‘The Barb Wire’
The Barb Wire

Podcast: Luxury Retailer Nick Linca Drops Into ‘The Barb Wire’

Podcast: When Is It Time to Let an Underperforming Employee Go?
JimmyCast

Podcast: When Is It Time to Let an Underperforming Employee Go?

JUN. 9-15

SALES MEETING Go through your plans for the run-up to Father’s Day. Get your staff to think beyond the traditional, especially if it’s a younger dad — fashion jewelry is growing with this set. Be ready to suggest gift cards as well; men can be a picky bunch when it comes to what they may receive from a jewelry store.

PERSONAL Shake up your routine. With pen and paper, write a thank-you note to someone who’s influenced you in your career. Don’t forget to mail it.

MANAGEMENT Creating a risk management plan involves more than getting affordable rates for insurance premiums. In the long run, avoiding potential claims is the single biggest step you can take to keep your risks (and costs) down. The Small Business Administration (sba.gov) makes available a helpful guide to minimize risk.

JUN. 16-22

FURNISHINGS Need any new office furniture? Now is the time to pick some up; showrooms are making room for new lines that come out in August.

STORE Update your in-store video loop. For a change, forget the promotional videos and run something that’s got nothing to do with selling at all — Finding Dory, maybe, or some surfing clips.

OPERATIONS What’s your pre-opening drill? If it’s “All hands on deck!” you may want to try something more systematic. Many retailers use a 10-point checklist to make sure that all the important things are taken care of before they open the doors.

JUN. 23-29

MANAGEMENT We’ve recommended it dozens of times and we’re sure you haven’t done it: sign up for Toastmasters. (Find a club near you at toastmasters.org). In no time, you’ll be welcoming invitations to talk publicly.

LEGAL Brush up on your compliance. Check the Federal Trade Commission’s guides on disclosure. Go to ftc.gov and enter “jewelry guides” in the search box.

MERCHANDISING Gather with your staff to inspect your show finds and go through what you ordered during the recent buying season. Develop a product launch plan and schedule training to ensure the successful sell-through.

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National Selfie Day, Audio Book Appreciation Day and More June Dates to Mark

Happy Birthday to You … The world’s most sung song turns 160.

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21 What was once considered a petty self-indulgence is now viewed as a powerful marketing tool. Ahead of NATIONAL SELFIE DAY, draw up a strategy to get your customers to take more photos of themselves showing off their new jewelry or of themselves in front of any background featuring your business name. The ultimate goal is to get them to post the images on their social media pages.

1 During AUDIOBOOK APPRECIATION MONTH, do a Google search for “bestselling business audiobooks” and catch up on some of the great management advice that’s been published in the last few years.

19 The WORLD’S UGLIEST DOG CONTEST is held today. Hold a similar competition. Ask your staff to vote for what they believe is the most aesthetically challenged piece of jewelry in the store. Offer a spiff to whomever can sell it by the end of the summer Dog Days (Aug. 20).

27 “HAPPY BIRTHDAY TO YOU” turns 160. Offer to send a singing telegram to anyone who buys a gift for a loved one who shares a birthday with the world’s most sung song.

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Manager's To Do

Add These Dates to Your To-Do List to Ensure a Productive May

Mother’s Day, the Vegas shows, summer and more guarantee it will be a busy month.

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May 5-11

SALES Everything should be in place for Mother’s Day (May 12). Remind salespeople that it’s a fantastic opportunity for add-on sales in the form of matching jewelry. What have you bundled for dad and daughter to buy together for Mom?

PLANNING If you’ve typically taken your annual vacation in July, why not shake things up a bit and opt for vacation in August this year? Who knows what your community’s jewelry needs are like in July if you’ve never really been present.

STRATEGY Vegas bound? (JCK begins May 31.) Hunker down with your POS system. Be clear on what you are trying to achieve at the show. What are your goals? To attract female self-purchasers, expand your bridal clientele with new bridal product, increase margin with in-house branded collections? (And keep an eye out for our June trends guide toward the end of the month at instoremag.com — it could be a huge help.)

May 12-18

MANAGEMENT Start meeting with staff at least monthly to share three “good things” to build on and three “development areas.”

MARKETING Your best customers are your current customers. Identify your 200 top customers. Draft a plan to market to them in the second half of 2019.

SECURITY Hotels in Vegas make it clear they are not responsible for loss or theft of items brought into their property. If you travel with goods, look into getting insurance.

May 19-25

OPERATIONS Hurricane season is ahead in many parts of the country. Run through a checklist to ensure that your bad weather protocol is up to speed.

BUYING This year, be organized and professional in front of your vendors in Vegas — prepare all your reports and forms. Re-confirm your appointments, and get cell phone numbers so you can contact them if you need to.

May 26-June 1

BUYING In Vegas, make a point to visit the Design Atelier at Couture and The Design Center at the JCK Show. The talented designers in these sections create jewelry unlike anything you may have seen, which will engage your most consistent clients while also opening up new markets.

SHOP Slow season project: Take photos of all waxes not already in your CAD library and add them.

MERCHANDISING With summer on the way, Larry Johnson says redo the props in your showcases to give a fresh look. Throw away those seashells in the pearl case and replace them with props that show your customer all the places in town where she can wear those beautiful pearls.

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