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Tip Sheet

Scratch-Card Discounts, Wedding Band Upgrade Offers and More Ways to Bring In Business in This Month’s Tip Sheet

Plus, here’s a tip for your meetings.

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Scratch-Card Discounts, Wedding Band Upgrade Offers and More Ways to Bring In Business in This Month’s Tip Sheet

A good job interview idea from Selling Power magazine is to have a little accident. Tip over a trashcan or spill a cup of coffee on your desk. If the job candidate immediately leaps up to help … well, then they have cleared another hurdle in the interview process.

Scratch-Off Savings

Margaret Matson Jewelers in Geneva, IL does a clever St. Patrick’s promotion: they hand out “Find Your Pot O’ Gold” scratch-off tickets to customers. Scrape off the cover and a discount is revealed. Nearby State Street Jewelers does something similar with its “customer appreciation” direct mailers, jazzing up its postcards with scratch-off discounts or free gifts (anything from a $15 battery, silver charms, pearl earrings, $35-$50 repair to even a $100 gift certificate). “They thought our generosity and ‘no strings attached’ policy was a wonderful gift,” says owner Jeffrey Hampton.

Scratch-Card Discounts, Wedding Band Upgrade Offers and More Ways to Bring In Business in This Month’s Tip SheetRemove Emotion from Meetings

Stride into a meeting, dominate the dialogue and just repeat your point insistently, and you’ve a good chance of winning the day, thanks to a human weakness for interpreting confidence as expertise or competence. But it doesn’t mean you’ll arrive at the best solution for whatever challenges are facing your business. To prevent this happening at your meetings, reframe them as fact-finding exercises, says Bryan Bonner of the University of Utah. Keep a running list of conclusions on a whiteboard, or do anything else to switch the focus from who is being convincing to what they’re saying.

Get Vendors to Help

Reaching new customers is a constant struggle, and marketing is expensive. In response to this, EyeStyles Optical and Boutique, an independent eyewear retailer in Oakdale, MN, targets vendors that drive traffic through store locators. “The more store locators you can be found on, the better your ability to reach your customer,” says owner Nikki Griffin.

Jewelers Helping Joules

Each of Jennifer Farnes’ workstations at Revolution Jewelry Works in Colorado Springs, CO, has its own power switch so it’s only on when the jeweler is at the bench.

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Wedding Expo Experts

The great thing about wedding expos is that you get to meet many young people in the mood to marry. The downside is that nearly all the brides-to-be have engagement rings already. To snag the remaining band sales, Michael & Son’s Jewelry in Reno, NV, offers young couples a free titanium wedding band, to be sized at the store. Once there, they are offered an upgrade with the retail value of the free band ($125) transferred to any other band in the store. And if they accept, the bride can also get a 20 percent discount on her band. “Approximately 80 to 90 percent of grooms upgrade their band and at least look at bands for her, if not purchase it,” says owner David Lorenz.

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

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Wilkerson Testimonials | Sollberger’s

Going Out of Business Is an Emotional Journey. Wilkerson Is There to Make It Easier.

Jaki Cowan, the owner of Sollberger’s in Ridgeland, MS, decided the time was right to close up shop. The experience, she says, was like going into the great unknown. There were so many questions about the way to handle the store’s going-out-of-business sale. Luckily for Cowan, Wilkerson made the transition easier and managed everything, from marketing to markdowns.

“They think of everything that you don’t have the time to think of,” she says of the Wilkerson team that was assigned to manage the sale. And it was a total success, with financial goals met by Christmas with another sale month left to go.

Wilkerson even had a plan to manage things while Covid-19 restrictions were still in place. This included limiting the number of shoppers, masking and taking temperatures upon entrance. “We did everything we could to make the staff and public feel as safe as possible.”

Does she recommend Wilkerson to other retailers thinking of retiring, liquidating or selling excess merchandise? Absolutely. “If you are considering going out of business, it’s obviously an emotional journey. But truly rest assured that you’re in good hands with Wilkerson.”

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