Connect with us

Shane Decker

22 ‘Sale Killers’ That Every Jeweler Must Avoid

They can derail any sale if you’re not careful.

mm

Published

on

I’ve written in the past about the positive things you can do to close sales. But here are the “sale killers” that can derail any sale if you’re not careful. 

1. The client isn’t asked to buy. This is the No. 1 sale killer in our industry. 

2. You leave the client to go get something you need for your presentation. If you take the product with you, you’ve told the client you don’t trust them.  If you leave it, it makes them nervous because they feel like they have to guard it.

3. Interruptions.  You’re in the middle of a presentation and another salesperson walks up and says, “Do you have Mrs. Jones’ appraisal ready?”

4. Doing a price presentation instead of selling the quality of the item or making the presentation about the client.  If you focus on the price, the client thinks you are pre-judging their ability to purchase or that you can’t afford it yourself.

5.  Negotiating when it’s not needed.

Advertisement

6.  Lack of product and gemological knowledge. If the client knows more than you do, that’s a sale killer.

7.  Lack of teamwork.  Whether it’s calling someone in for an assist, someone who has more technical knowledge, someone who’s a runner to help clean and polish jewelry for you, or someone to help close, don’t be afraid to ask for help.

8.  A bad attitude.  If your attitude sucks, stay home.  If you have a great one, bring it to work and share it. 

9.  Being too pushy. You can be professionally aggressive and polite, but not pushy.

10.  Doing a show-and-tell presentation.  You can’t just tell them about it and teach them; you have to know how a sale works and sell.

Advertisement

11. Huddling. Subconsciously, the client feels left out and possibly uncomfortable. Disperse.

12.  Store floor vacancy.  The client comes in and there’s no one to greet them. 

14.  Your inability to handle objections.

15.  Not selling company benefits (reasons to buy from your company).  This gives the client peace of mind and freedom from risk that they’re in the right store. 

 

16.  Not using value-added statements and proving the price on the tag is real.

Advertisement

17.  Doing busy work.  This should never be more important than your clients.

18. Not spending enough time with the client. 

19.  Not recognizing the 30-second window when the client is ready to purchase.

20.  How you handle the jewelry in front of the client.  Show respect.  Wear white gloves; take it out gently, put it back in gently.

21.  Not working well with the “just looking” client.  Too many times, they’re left unattended.

22.  Not asking enough relationship and selling-specific questions.  Always get the client to talk.  Make the presentation about them. 

Solve these issues in your store and you’ll solve the problem of sale killers!

Shane Decker has provided sales training to more than 3,000 jewelry stores. Shane cut his teeth in jewelry sales in Garden City, KS, and sold over 100 1-carat diamonds four years in a row. Contact him at sdecker@ex-sell-ence.com


This article originally appeared in the July 2018 edition of INSTORE.      

Shane Decker has provided sales training to more than 3,000 jewelry stores. Shane cut his teeth in jewelry sales in Garden City, KS, and sold over 100 1-carat diamonds four years in a row. Contact him at sdecker@ex-sell-ence.com.

Advertisement

SPONSORED VIDEO

Wilkerson Testimonials

Not GOB (Going Out of Business) but TMM (Too Much Merchandise)? It’s Wilkerson To the Rescue!

With a remodeling project looming, the time was right for Steve and Linda Hammalian, owners of Little Treasure Jewelers in Gambrills, MD, to call in the Wilkerson pros. The couple needed to liquidate excess, aging inventory. Steve says he’d totally recommend them. “Wilkerson offered a comprehensive solution in terms of advertising, in terms of on-site presence and for their overall enthusiasm. They’re also really nice people.”

Promoted Headlines

Shane Decker

Here’s How to Know How Much Technical Information to Give Your Clients

Asking questions and building value should guide your decisions.

mm

Published

on

WITH BRIDAL SEASON upon us, diamond sales are at their highest peak that they’ll be all year (mid-April through September). With that said, we need to be at our best when selling diamonds, and that means knowing when, how much and what technical information we should give each client.

Technical information can be a major sale builder or a major sale killer, and it takes an educated salesperson to discern how to use it. Millennials are the most educated, research-based shoppers ever in our industry. Some clients want to have a Ph. D in diamond knowledge when they leave the store. But others just want some information, while some don’t want any. They all want to buy a diamond, but they all want different amounts and kinds of information to make the purchase.

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

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

Podcast: This Advertising Copywriter’s Last Minute Pitch Changed <em><noscript><img src=
Over the Counter

Podcast: This Advertising Copywriter’s Last Minute Pitch Changed Everything

Podcast: Millennial Gem Trader Dave Bindra Steps Into ‘The Barb Wire’
The Barb Wire

Podcast: Millennial Gem Trader Dave Bindra Steps Into ‘The Barb Wire’

So when it comes time to talk about technical information, always ask this question: “Would you like to know more about it?” Find out how much they want to know and no more. If you assume they don’t want to know about the 4 Cs but they actually did, they will think you’re stupid and leave the store. If you’re a gemologist (and that’s great that you are), don’t think that because you have all that knowledge that the client wants to know all that you know. If you get technical and the client doesn’t want this information, they glaze over and the sale is dead.

If the client does want to get technical, always present the 4 Cs in the proper order of value: cut, color, clarity and carat weight. If they want to see the lab report, always get on the same side of the showcase as the client and have a scope ready to assist you with the presentation (not a loupe).

When showing the 4 Cs chart, always use it to build value. Too many sales professionals start at the top of the chart and go down (from Flawless to SI1 or SI2). This devalues the diamond because it shows how far down the scale it falls. So always start at the bottom with an I3 and go up to an I1 and stop — then talk about how small the internal characteristics are starting to be. If it’s an SI1, stop and let them know that the internal characteristics are now invisible to the naked eye.

Do the same thing with color: start at Z and go up to F or G or whatever it may be. Talk about how the diamond becomes more colorless as you go up the chart.
Ask questions as you present and explain the technical information as you go — don’t ask questions when you’re done. Cover everything as thoroughly as needed but no more. Keep this as simple or as complicated as the client’s needs are.

When you ask questions all the way through (Ask-Listen-Paraphrase close), this gives your client self-confidence about the purchase, and with this type of presentation based on the technical aspects of the product, it gives them reasons to purchase based on quality information.

Sometimes the lab report and your ability to sell it is the closing tool you need.

Continue Reading

Shane Decker

20 Things That Can Cause a Jeweler to Fail

Shane Decker says too many owners give up too quickly.

mm

Published

on

A WORD THAT IS NOT in my vocabulary and should not be in yours is “failure.” Failure can almost always be avoided and is almost always human-designed.

Failure generally happens because of lack of planning. Owners and managers say, “I’ll try it!” and they try it one time, then they say it didn’t work. That’s because most don’t want to put in the effort to truly change. They stay with their old bad habits instead of formulating new habits.

If you don’t like change, you’re going to hate extinction.

So don’t try it — do it. And keep doing it right until you get it done correctly and successfully. Here is a list of things that will set you up for failure if you don’t change your ways.

1. Not closing. Outside of bridal clients, 80 percent of people buy the day they shop. People don’t have time to shop tomorrow if they’re shopping today. 60-70 percent of shoppers who say they’ll be back buy within two hours of leaving your location.
2. Not handling objections or knowing how to team sell, add on, wow, sell company benefits or use value-added statements. Many salespeople don’t know the anatomy of a clerk sale or a created one. They also don’t understand how to convert repair clients into sales.
3. GIA is the Harvard of our industry, but most salespeople don’t take Diamonds 1 and 2. A lot of young customers know more than the salespeople do.
4. Lack of store floor awareness.
5. Negotiating to close the sale and thereby losing profits. Salespeople use negotiating price as a cop-out because they either don’t know any better or are too lazy to do better.
6. Keeping your inventory too long. After two years, it’s dead money.
7. Bad marketing.
8. Not setting sales and business goals.
9. Not marking merchandise up enough, especially diamonds.
10. Not having enough events to increase traffic.
11. Not tracking your sales closing ratio to measure how your team is doing.
12. Not having enough high-end inventory and large diamonds. More and more clients are buying higher-dollar items, but you have to have it before they can.
13. Selling from a poverty-level mentality (selling out of your own pocket).
14. Bad location.
15. Crappy websites designed by Fred Flintstone.
16. Not remodeling old stores.
17. Being closed on Mondays. It’s becoming a big shopping day again.
18. Proper signage not visible. Clients walk into stores all the time and say, “I didn’t know there was a jewelry store here!”
19. Lack of services like appraisals, repairs, CAD/CAM. Work done poorly or not on time.
20. Overpromising and underdelivering.

It’s easy to fail, but it takes dedication, time and wisdom to succeed. If you improve in these areas and work toward success, promote professionalism and have the best-trained staff front and back, you will have a long life in this industry.

Continue Reading

Shane Decker

Here’s the Most Important Area To Invest In As a Jewelry Store Owner

You’re only as good as your people.

mm

Published

on

RETAIL STORE OWNERS ARE having a difficult time holding onto their people. Right now, about half of all sales teams change every three years, and every seven years there is a total team change (with the exception of one or two “loyalists” in each store).

What’s the solution? Training. When salespeople have more knowledge, they close more sales and make more money. And as long as they’re making money, they’re far less likely to leave you.

Rooftop Burglars Take Everything from Jewelry Store
Headlines

Rooftop Burglars Take Everything from Jewelry Store

Video: No, I Won’t Help You Commit Fraud … But Thanks for Throwing Water in My Face
Cullen Wulf

Video: No, I Won’t Help You Commit Fraud … But Thanks for Throwing Water in My Face

Video: When Should a Jeweler Fire Someone?
Jimmy Degroot

Video: When Should a Jeweler Fire Someone?

Training involves several areas, but one of the most fundamental is product knowledge. Your customers are more educated than ever before — and millennials are taking this to a whole new level. They do more research and know more about the product they’re purchasing than most salespeople do.

That’s why all salespeople, especially in bridal and diamonds, should take GIA Diamonds 1 and 2 and Diamond Grading. To some of you, this seems elementary, but I see so many salespeople who haven’t done this.

Salespeople who don’t have product knowledge talk too much to make up for their lack of knowledge. When you talk too much, you can talk right past the closing opportunity. Talking too much also takes the client’s attention away from the item being sold, and it takes attention away from the reason he or she came into your store in the first place.

Product knowledge gives you self-confidence and empowers you. When you have self-confidence, the client will have confidence in you. They won’t have as many objections. Your closing ratio will go up because clients can tell that you know what you’re talking about. They will trust you to help them make a decision.

Owners and managers: hold a one-hour sales meeting each week. Spend 20 minutes on product knowledge, 20 minutes on salesmanship, and 20 minutes on role-playing. When your sales team is well-trained, you’ll have more time to work on your business and you’ll be interrupted less often to help people close sales.

You’re only as good as the people you train. Your team controls how much money you make. And it’s amazing how many salespeople in jewelry stores do not know what they’re doing.

When salespeople are empowered with knowledge, they’re happier and more successful. Teamwork is better because they trust each other’s sales skills.

If you want a higher inventory turn, a higher closing ratio, and more net profit, start training your team. The more knowledgeable they are, the more valuable they feel and the longer they will stay. You invest money in buildings and marketing — start investing in your most valuable asset: your people.

Continue Reading

Advertisement

Advertisement

Advertisement

Subscribe


BULLETINS

INSTORE helps you become a better jeweler
with the biggest daily news headlines and useful tips.
(Mailed 5x per week.)

Latest Classifieds

Most Popular