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Tip Sheet: November 2004

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Instore presents four ideas for better business

[componentheading]PERSONA GIFT CERTIFICATES[/componentheading]

Looking for gift certificates for your staff? Try Giftcertificates.com, which offers gift certificates directly from several hundred of the biggest names in travel, electronics and other desirable categories. Or order the website’s “Super Certificate”, which will let the person you’ve “gifted” (man, we hate that word) redeem their gift from any of the suppliers listed on the site.

Source: Instore

[componentheading]WATCH YOUR DIAMOND-SHOWING ROUTINE[/componentheading]

In this issue, we talk about one of the worst habits of lazy salespeople — lopping 10% off an item’s price the instant your customer raises an objection (See Page 40). Here’s another: instantly pulling out the cert whenever you show a diamond. Rid yourself of this romance-killing habit. Promise yourself that for the next one month you won’t bring out a cert when showing a diamond. Wait until the deal is done.

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Source: Instore

[componentheading]USE YOUR PARKING LOT[/componentheading]

Here’s a different idea for those of you who have your own parking lot. Why not mark the different rows in your lot with signs featuring names and pictures of the different brand names you carry? Imagine a six-year-old saying, “No, Mommy, we didn’t park in Jose Hess, we parked in David Yurman.” Great branding. (Alternatively, you can put advertisements of your specials in each space.)

Source: Faith Popcorn, Eve-o-lution

[componentheading]SAY MORE WITH NOTES[/componentheading]

If you’re sending holiday cards this year, do not send a greeting with nothing but your signature. Frankly, sending nothing works better. Instead, write a short note — how about “Thinking about one of my favorite customers as the holidays approach …” or even “Happy, happy holidays to you”?

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Source: Harry Beckwith, What Clients Love

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

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SPONSORED VIDEO

Retiring? Let Wilkerson Do the Heavy Lifting

Retirement can be a great part of life. As Nanji Singadia puts it, “I want to retire and enjoy my life. I’m 78 now and I just want to take a break.” That said, Nanji decided that the best way to move ahead was to contact the experts at Wilkerson. He chose them because he knew that closing a store is a heavy lift. To maximize sales and move on to the next, best chapter of his life, he called Wilkerson—but not before asking his industry friends for their opinion. He found that Wilkerson was the company most recommended and says their professionalism, experience and the homework they did before the launch all helped to make his going out of business sale a success. “Wilkerson were working on the sale a month it took place,” he says. “They did a great job.”

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Tip Sheet

Tip Sheet: November 2004

Published

on

Instore presents four ideas for better business

[componentheading]PERSONA GIFT CERTIFICATES[/componentheading]

Looking for gift certificates for your staff? Try Giftcertificates.com, which offers gift certificates directly from several hundred of the biggest names in travel, electronics and other desirable categories. Or order the website’s “Super Certificate”, which will let the person you’ve “gifted” (man, we hate that word) redeem their gift from any of the suppliers listed on the site.

Source: Instore

[componentheading]WATCH YOUR DIAMOND-SHOWING ROUTINE[/componentheading]

Advertisement

In this issue, we talk about one of the worst habits of lazy salespeople — lopping 10% off an item’s price the instant your customer raises an objection (See Page 40). Here’s another: instantly pulling out the cert whenever you show a diamond. Rid yourself of this romance-killing habit. Promise yourself that for the next one month you won’t bring out a cert when showing a diamond. Wait until the deal is done.

Source: Instore

[componentheading]USE YOUR PARKING LOT[/componentheading]

Here’s a different idea for those of you who have your own parking lot. Why not mark the different rows in your lot with signs featuring names and pictures of the different brand names you carry? Imagine a six-year-old saying, “No, Mommy, we didn’t park in Jose Hess, we parked in David Yurman.” Great branding. (Alternatively, you can put advertisements of your specials in each space.)

Source: Faith Popcorn, Eve-o-lution

[componentheading]SAY MORE WITH NOTES[/componentheading]

Advertisement

If you’re sending holiday cards this year, do not send a greeting with nothing but your signature. Frankly, sending nothing works better. Instead, write a short note — how about “Thinking about one of my favorite customers as the holidays approach …” or even “Happy, happy holidays to you”?

Source: Harry Beckwith, What Clients Love

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

Advertisement

SPONSORED VIDEO

Windsor Jewelers: Building for Tomorrow with Wilkerson

After 43 years in the jewelry industry, Windsor Jewelers' President Rob Simon knows the value of trusted partnerships. When planning a store expansion in Winston-Salem, North Carolina, he turned to Wilkerson to transform existing inventory into construction capital. "There have been very few companies I've dealt with that I totally trust," Simon shares. "Wilkerson understands their success is 100% based on your success." The partnership enabled Windsor to fund new showcases and construction while maintaining their position as their community's premier jeweler. For Simon, the choice was clear: "Over the years, I've been abused in every direction there is by different people in this industry, so I know what to avoid. One company not to avoid is Wilkerson."

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