Connect with us

Tip Sheet

Tip Sheet: May 2014

mm

Published

on

SALES FLOORYour Home as a Fortress

The spate of home invasions targeting jewelers last year highlighted the domestic threat to people in the industry. If someone does break into your home, try to call 911 from a landline so your name and address display automatically. Cellphones ping the closest tower; a dispatcher may have trouble determining where to send the police, Chris McGoey, a security consultant told Men’s Health. He also suggested adding an exterior-door deadbolt to a bedroom door, so if a break-in does occur, you can hide in that room with your family.

Buddies for Life

In his book Predictably Irrational, behavioral economist Dan Ariely notes that if you go the “I’m your buddy route” in retail, you need to maintain it. Firms that invite people to come in and buy stuff as a social transaction (“Join the family!”) but then treat the deal later as a purely economic matter (“You should have read the fine-print”) will provoke enormous enmity from their disgruntled former BFF, he says.

Social Networker

The next time you attend a networking event, leave the business cards at home, advises sales guru Jeffrey Gitomer. Writing in his new book, 21.5 Unbreakable Laws of Selling, he says: “Force people to link with you or follow you if they want to connect with you via LinkedIn or Facebook. Think about that pile of cards on your desk from people that you’ve never really connected with.”

SHOWKeep Your Shoes Clean While Traveling

Packing your best dress shoes for the Plum Club gala dinner? Wrap them in white tissue to keep them shiny and prevent polish from bespoiling the clothes in your bag, recommends the tipsheet at kiwicare.com.

Budget for Your Buying Mistakes

Everyone makes buying mistakes. Budget for them, says merchandising consultant Sally Furrer. “Try to learn from them … and then expect to make more of them in the future,” she says.

Bring Your Own Juice

There are public charging stations within the showrooms at JCK Vegas, but given the lines it’s better to bring your own portable power pack (a charger like the popular Mophie Juice Pack Powerstation will set you back about $80). One thing to keep in mind, say the posters on the Apple forum boards, charge your device only to about 80 percent — trying to get that final 20 percent drains your backup battery faster.

Advertisement

MANAGEMENTBoost Your Brainstorm

Stuck on a problem? Reach out to someone outside the jewelry retail field. Their lack of industry baggage may enable you to approach the issue from a different angle. Having to explain the problem in simplified terms will also help rephrase the issue for your brain, says Alaina Levine, blogger and president of Quantum Success Solutions.
Artificial constraints as a driver of creativity have received a lot of press lately, with Twitter’s Jack Dorsey among the best-known advocates. The Scottish artist Martin Creed explained to the New Yorker recently that “by taking on the role of prison guard of your own mind, you can then break free.” So, stuck in a rut with a problem? Start with the most basic restriction: a time limit. Set a timer and go!

Give Better Criticism

If an employee has screwed up, don’t go on and on about it, says consultant Peter Bregman, author of the workplace efficiency book 18 Minutes. Be clear and direct in your talk, with an emphasis on ensuring the mistake doesn’t happen again. Then stop talking. “Silence locks in the message and allows for a response,” Bregman says. If your employee thanks you at the end of your chat, then you know you’ve got your message across in the right way.

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

Advertisement

SPONSORED VIDEO

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.”

Promoted Headlines

Advertisement

Advertisement

Advertisement

Subscribe


BULLETINS

INSTORE helps you become a better jeweler
with the biggest daily news headlines and useful tips.
(Mailed 5x per week.)

Latest Comments

Most Popular