Connect with us

Tip Sheet

Loan a Bride Jewelry for Their Wedding Day, Then Sell It to Them for an Anniversary … Plus More Tips

Including one reason not to talk about the 4 Cs.




man shouting on megaphone

MANAGEMENTAlways Be Cheering

Never take your foot off the motivational pedal. That’s according to a study by the University of Texas’s McCombs School of Business in Austin, which found the effort put in by salespeople quickly sagged once they stopped getting inspirational messages. “On average, a sales worker pulled 3.5 fewer potential new customer profiles from the company database and made 8.4 fewer phone calls per day,” said the report, which was based on an unnamed software retailer. Researchers also found that salespeople were motivated by success stories that focused on a person’s effort rather than their sales skills.

SALESMake It About Them

Always ask your customer what is important to them when they are looking for diamonds, says Adam Fried, the vice president of development at Chicago-based jewelry chain CD Peacock. “It makes the conversation all about them, which is what every client wants,” says Fried


client serviceSmall Town, Big Show

At Meigs Jewelry in Tahlequah, OK, owner Todd Mutzig’s goal is to bring a metropolitan bridal experience to a small town. One key element of that is offering couples who buy their engagement ring at Meigs insured loaner jewelry for their wedding day, valued at up to $10,000. Many brides try on their wedding gowns in the store as they select their “something borrowed.” After the wedding, Mutzig suggests to the groom that the borrowed jewelry would make the perfect first anniversary gift and offers a payment plan to make that dream come true. The end result? Lots of raving fans and a huge increase in the value of each customer.

marketing4Cs? Fuggedaboutit!

Do not teach your customers the 4Cs, says Aleah Arundale of Olympian Diamonds. “They already learned them online. When you tell someone something they already know, they lose interest. If a movie, a magic trick, or a joke was predictable, would it be fun at all?” We need surprise to create interest, she says, citing ads that upend expectations and even stir controversy as among her favorites. “If people expect to see a beautiful woman wearing jewelry, put a necklace on a dorky guy, or better yet on a poodle,” she says.

SALESNegotiate Referrals

Never be scared to ask a customer for a referral and use this to your advantage in negotiations, says Megan Crabtree, president of Crabtree Consulting. Crabtree suggests phrasing the offer something like: If I can get you to the price you’re requesting on this ring, can you possibly send me a referral? “Eight times out of 10, the customer will say yes,” she says.

client SERVICEHelp Them Wardrobe

If a client pulls out a phone in Hannoush Jewelers in Rutland, VT, sales manager Mary Jo Chanski and her team will offer to take the photo for them and text it to them. “I have a $60 attachment to my iPhone that has a loupe and a light.  It takes an amazing picture, and people love the extra service,” says Chanski.

Over the years, INSTORE has won 80 international journalism awards for its publication and website. Contact INSTORE's editors at [email protected].

Continue Reading


Wilkerson Testimonials

Retirement Made Easy with Wilkerson

The store was a landmark in Topeka, Kansas, but after 80 years in business, it was time for Briman’s Leading Jewelers to close up shop. Third generation jeweler and owner Rob Briman says the decision wasn’t easy, but the sale that followed was — all thanks to Wilkerson. Briman had decided a year prior to the summer 2020 sale that he wanted to retire. With a pandemic in full force, he had plenty of questions and concerns. “We had no real way to know if we were going to be successful or have a failure on our hands,” says Briman. “We didn’t know what to expect.” But with Wilkerson in charge, the experience was “fantastic” and now there’s plenty of time for relaxing and enjoying a more secure retirement. “I would recommend Wilkerson to any retailer considering a going-out-of-business sale,” says Briman. “They’ll help you reach your financial goal. Our experience was a tremendous success.”

Promoted Headlines

Most Popular