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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.

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This Third-Generation Jeweler Was Ready for Retirement. He Called Wilkerson

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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