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How to Make New Friends at a Trade Show and More Tips for May

Plus, offer to check the your customer’s watch water resistance.

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 How to Make New Friends at a Trade Show and More Tips for May

Pressurized Selling

Every store changes watch batteries. To go the next step, offer to check the piece’s water resistance. Last year, Henry’s Fine Jewelry in Summit, NJ, equipped its two stores with an on-site pressure tester that allows it to provide the extra service after replacing the battery. “It gives the customer piece of mind that they can wash their hands, take a shower or go swimming with their beloved watch,” while adding a nice additional stream of revenue for the store, says owner Henry Feldman.

Work the Room

One of the main benefits of going to trade shows is the opportunity to meet and talk shop with other jewelers and find out what lines and business strategies are working in their market. But many jewelers hold back for fear of annoying a peer. Elysia Demers, owner of Barnhardt Jewelers in Spencer, NC, says don’t. “You’d be surprised how open people are to sharing because they want your information just as much! We like to accost them in an area that serves food … this is where people feel the most comfortable; you can get them to tell you anything when there’s food.”

Perk It Up

William Travis Jewelry in Chapel Hill, NC, may be the Google of independent jewelry, at least in terms of the perks for staff. To be sure, there’s no beach volleyball pit on-site, but the store does have a huge kitchen area with a full-sized dining room table so that employees can sit down and enjoy lunch together every day (on Saturdays, owner Travis Kukovich buys lunch for everyone from a local restaurant of the employees’ choice) and there are bicycles at the store that any staff member can ride “to get fresh air and escape the chaos for a few minutes,” says Kukovich.

Fortunate Phrasing

An anecdote from Doug Stephens’ book Retail Revival reveals how Apple store employees were instructed to never use the word “unfortunately.” The reasoning is that “unfortunately” is a negative word that causes pain by making people feel a sense of loss. Instead, staff were instructed to use the words as it turns out, as in “As it turns out, we don’t have that item in stock.” Try it next time you’re in an “unfortunately” situation.

Half-Measures

Sarini Fine Jewellery in Vulcan, AB, Canada, has the perfect solution to the discount issue: A once-a-year, invitation-only, “Half off Half the Store Gala.” “We invite only our top 75 customers. That means no more daily discounting,” says owner Sandra Locken, The night includes gift bags (with local businesses contributing to the swag bags), wine and homemade hors d’oeuvres. “Customers can’t wait to get invited to it.”

Take a Stool

A deep chair is a commitment. Dianna Rae Jewelry in Lafayette, LA features special custom-made chairs at the design stations that feature a short back, making them more like a stool/chair hybrid. They take up less space and present less of a “commitment” for reluctant sitters.

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Retirement is never easy, especially when it means the end to a business that was founded in 1884. But for Laura and Sam Sipe, it was time to put their own needs first. They decided to close J.C. Sipe Jewelers, one of Indianapolis’ most trusted names in fine jewelry, and call Wilkerson. “Laura and I decided the conditions were right,” says Sam. Wilkerson handled every detail in their going-out-of-business sale, from marketing to manning the sales floor. “The main goal was to sell our existing inventory that’s all paid for and turn that into cash for our retirement,” says Sam. “It’s been very, very productive.” Would they recommend Wilkerson to other jewelers who want to enjoy their golden years? Absolutely! “Call Wilkerson,” says Laura. “They can help you achieve your goals so you’ll be able to move into retirement comfortably.”

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