Tip Sheet: July 2004

Published

20 years ago

July 1, 2004

Instore presents ideas for better business

[componentheading]CONNECTIVITY REVOLUTION[/componentheading]

Want to get the maximum benefit from the connectivity revolution? Centralize your company’s data (sales stats, order status, customer contact information and data, etc.) on a private network. When you or your staff log in from home, you’re taken directly to a personalized home page with easy access to all data. This will allow all of you maximum productivity … wherever you are.

Source: Tom Peters, Re-Imagine!

[componentheading]GET OUT YOUR PARTY HAT[/componentheading]

Connecting your female customers to each other connects them to your brand. How can you encourage this? Host parties. Ask people to exchange telephone numbers. Have them share their email addresses … or log into an online forum on a given night each week. Let them make friends, not with you, but with each other. (Sure, they can make friends iwth you, too.) There you go, instant connection.

Source: Faith Popcorn, EVE-olution

[componentheading]GET EVERYONE IN THE MIX[/componentheading]

Do you have a bench jeweler and/or gemologist on your staff? Why not schedule them to go out on the sales floor once every week or two to sell? The benefits go both ways: additional skills and personal development for them, greater flexibility with scheduling for you. (And believe us, you’ll need every bit of it when those summer vacations come around. Not to mention the big Christmas rush.)

Source: Instore

[componentheading]WATCH WHICH MAIL YOU GET AT HOME[/componentheading]

Are you having Instore — or gasp, any other industry publication — sent to your home? Don’t do it. You’re identifying yourself as a member of the jewelry industry, and making yourself a target for a potential robbery. Instead, have all jewelry mag subscriptions and other business-related mail sent to your place of business.

Source: Jewelers Mutual

[span class=note]This story is from the July 2004 edition of INSTORE[/span]

You Wouldn’t Cut Your Own Hair. Why Run Your Own Retirement Sale?

After being in business for over a quarter of a century, Wayne Reid, owner of Wayne Jewelers in Wayne, Pennsylvania, decided it was time for a little “me time.” He says, “I’ve reached a point in my life where it’s time to slow down, enjoy a lot of things outside of the jewelry industry. It just seemed to be the right time.” He chose Wilkerson to handle his retirement sale because of their reputation and results. With financial goals exceeded, Reid says he made the right choice selecting Wilkerson to handle the sale. “They made every effort to push our jewelry to the forefront of the showcases,” he says, lauding Wilkerson for their finesse and expertise. Would he recommend them to other jewelers who want to make room for new merchandise, expand their business or like him, decide to call it a day? Absolutely he says, equating trying to do this kind of sale with cutting your own hair. “The results are going to happen but not as well as if you have a professional like Wilkerson do the job for you.”