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Podcast: JimmyCast Takes on the Paradigm Shift in Jewelry Store Marketing

What do you do when what used to work isn’t working anymore?

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JIMMYCAST EPISODE 1: PARADIGM SHIFT (25:55 MINUTES)


Welcome to the first episode of JimmyCast, a new podcast from the INSTORE Podcast Network.

If you’re a regular consumer of INSTORE Online, then you probably know of Jimmy DeGroot. He produces the Jewelry Store Possible series of educational videos as well as the Gene the Jeweler series of satirical clips.

With JimmyCast, “The idea is we’re going to talk real,” Jimmy explains.  The show also features Doug Meadows of David Douglas Diamonds in Marietta, GA.

“We’re going to get at the real issues and talk about those things that could be a bit uncomfortable to talk about in a general publication setting,” he says. Jimmy is a highly experienced jewelry store manager who spends his time training teams around the world at jewelrystoretraining.com and sharing marketing advice through his blog site at jewelrymarketingguy.com.

In the inaugural episode, Jimmy and Doug talk about how things have changed in the jewelry retail business, and how to adapt when the old ways stop getting results. Doug even gets specific about how he is reinventing his own business.

“We have to try something different,” Doug says, “because what used to work in the past isn’t working.”

Listen to this and other industry insights on JimmyCast! You can catch the video version below.


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Show Notes/Show Chronology

Here are show notes of the conversation between Jimmy DeGroot and Doug Meadows.

  • 1:14 Doug talks about his store’s origins, and his move to warmer climes.
  • 1:59 Is David Douglas Diamonds the typical jewelry retailer in the U.S.?
  • 2:12 On the two types of jewelers.
  • 2:50 On the paradigm shift in how jewelry businesses are run.
  • 3:56 On the days when jewelers were selling “those big mambo herring-bone necklaces.”
  • 4:55 A discussion of the days when, as a jeweler, you hardly had to advertise at all, and yet everything was good.
  • 6:20 On how this podcast came to be.
  • 6:45 Doug talks about how he is reinventing himself. “We have to try something different, because what used to work in the past isn’t working.”
  • 9:00 On grassroots marketing efforts that work in the absence of a large marketing budget.
  • 12:06 Doug talks about the time he “went stupid” and expanded a grassroots marketing program to his whole county –including over 100 schools. He’s since cut back to 27 schools.
  • 14:24 “There is no magic marketing pill. No matter what it is, it’s still consistent work. A lot of work.”
  • 15:22 On what’s working for David Douglas Diamonds. Hint: “If you Google ‘moissanite Atlanta,’ nine times out of 10 we’re going to be the first organic search that shows up.”
  • 17:00 Doug on why he embraced moissanite 20 years ago.
  • 17:35 On the importance of getting more customers through the door, buying at lower price points.
  • 20:30 A discussion of “that guy who is lying to his girlfriend about moissanite.”
  • 21:10 An inspirational story of a guy who embraced inbound marketing by answering questions on his blog.
  • 23:08 Doug explains, “I’m constantly asking myself, ‘What is it that a customer is asking and how can we answer it?'”

Jimmy DeGroot is a jewelry store manager who has been in the business for over 20 years. Now he spends his time training teams around the world at jewelrystoretraining.com and sharing marketing advice through his blog site at jewelrymarketingguy.com. Sign up for training videos here.

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JimmyCast

Podcast: Aleah Arundale Tells Why She Created Jewelers Helping Jewelers

‘I wanted a free, open forum where everybody could say whatever they want, whenever they want.’

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JIMMYCAST EPISODE 14: ALEAH ARUNDALE ON THE POWER OF JEWELERS HELPING JEWELERS (21:57 MINUTES)


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THIS MONTH, JimmyCast welcomes Aleah Arundale, founder of the popular private Facebook group, Jewelers Helping Jewelers, and a fifth-generation jeweler who works for diamond wholesaler Olympian Diamonds.

Chatting with co-hosts Jimmy DeGroot and Doug Meadows, Aleah shares why she created Jewelers Helping Jewelers (4:05), which now has 18,500 members. A few years back, Aleah felt there was something missing in other social media communities. “I wanted a free, open forum where everybody could say whatever they want, whenever they want,” she says.

She decided to launch a brand new community for which the primary rule would be having the fewest rules possible. She says she’s proud that, despite the openness and freedom of the group, participants (mostly) get along, providing an important source of advice, support and trading partners to thousands of jewelry professionals who would otherwise struggle to find community. Says Aleah, “This is a testament to show that, if you just let people go, they will show you how wonderful they can be.”

Aleah estimates that the group has facilitated more than $1 billion in transactions since its launch, sharing a few anecdotes of jewelers whose businesses and lives were changed by the community, including one jeweler who claims to have done $4 million in business through JHJ.

Later in the podcast, Aleah discusses one of her pet peeves — jewelers who refuse to put prices alongside jewelry in the showcase (11:00). Plus, she offers her extremely simple tip for selling more diamonds (13:05).

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JimmyCast

Podcast: How Tracking Door Traffic Can Dramatically Boost Your Store’s Performance

Jimmy talks with Dave and Spencer Mink of TraxSales.

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JIMMYCAST EPISODE 13: DAVE AND SPENCER MINK ON COUNTING YOUR TRAFFIC (24:29 MINUTES)


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IN THIS MONTH’S EPISODE of JimmyCast, host Jimmy DeGroot talks customer data with Dave and Spencer Mink of TraxSales.

Launched in 1996 as one of the earliest customer tracking companies, TraxSales uses an infrared camera system to track a store’s door traffic (with the ability to discount visits from your staff and other non-customers — i.e. the mailman). The statistics generated can then be integrated with retailers’ CRM programs, offering the ability to create up to 30 different reports, including closing ratio and revenue per guest.

Hear more about how Dave’s big “epiphany” led to the creation of the company in 1996, as well as how the average jeweler can use customer-tracking data in order to make better management decisions and dramatically improve the performance of their sales teams.

Want to receive all of our INSTORE Podcasts on your mobile device? Sign up on Apple Podcasts, Google Play and Stitcher or your favorite podcast player using our RSS feed link.

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Podcast: Wisconsin Salesperson Uses Life Savings to Live Her Dream of Jewelry Store Ownership

“$20,000 seems like a lot of money … until you open a jewelry store,” she says.

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JIMMYCAST EPISODE 12: KIM GORDON ON LIVING THE DREAM (48:53 MINUTES)


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KIM GORDON is living the dream — it’s the dream of owning her own store, the aptly named Dream Jewelers in Oshkosh, WI.

Gordon has spent most of her career in jewelry sales, having spent more than a decade as an assistant manager at a Kay Jewelers and, after that, another decade as sales manager at Jim Kryshak Jewelers in Wausau, WI. But in 2014, she finally made the leap into jewelry-store ownership, using her life savings to purchase a Wisconsin business called Thimke Jewelers, which she later rebranded as Dream Jewelers.

Gordon shares the story of her journey, and tells you how she’s launched her business in a challenging competitive environment and on an ultra-tight budget. “I had $20,000 in the bank,” she says. “And $20,000 seems like a lot of money … until you open a jewelry store.”

Hear Kim’s full story on the latest edition of JimmyCast, with host Jimmy DeGroot and co-host Doug Meadows.

Want to receive all of our INSTORE Podcasts on your mobile device? Sign up on Apple Podcasts, Google Play and Stitcher or your favorite podcast player using our RSS feed link.

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