Connect with us

Tip Sheet

Tip Sheet: October 2004



Instore presents ideas for better business

[componentheading]NAME TAGS ARE IMPORTANT[/componentheading]

It’s networking season. Which means it’s the perfect time to invest a few bucks in a custom-made name tag that will let prospects know — at a glance — what you do. Example: a bright red heart tag, that reads: “Bringing Love To Johnson County” (insert your town or county name here). People will actually cross the room to see what your tag says, giving you a great opportunity to introduce your business.

Source: Mary Gillen; Idea Site For Business

[componentheading]OWN UP TO MISTAKES[/componentheading]

Have you ever screwed up, big-time? As a storeowner, it’s time to step up and take responsiblity. One way to handle it is to do what Doug Bergum, founder and CEO of Great Plains Software, did. During one of his company’s annual conferences, he walked up on stage and discussed in great detail a mistake he had made. He then proceeded to smash three fresh eggs on his forehead.


Source: Bob Nelson; I,001 Ways To Energize Employees

[componentheading]DON’T FORGET THE EYES[/componentheading]

Keep in mind that a smile originates in two places — the mouth and the eyes. Give your customers a mouth-only version, and it looks like your smile was pasted on. It’s like saying “Cheese!” for a photographer. But your eyes are the true window to your soul. If you can’t muster a convincing smile, practice in front of a mirror until you get it right.

Source: Paul R. Timm, 50 Powerful Ideas You Can Use To Keep Your Customers

[componentheading]PRAISE, PUNISHMENT[/componentheading]

We all know that employees are more motivated by positive feedback than negative feedback. But we never knew before what was the proper ratio for parceling out praise and punishment. Turns out the optimum ratio is five positive comments to every negative one. But don’t overdo it: increasing the ratio to 13 positive comments to every negative one does more harm than good.


Source: Tom Rath and Donald Clifton, How Full Is Your Bucket?

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



Wilkerson Testimonials

To Generate Funds for a Jeweler’s Move and Remodel, Wilkerson More Than Delivered

Even successful jewelers need a little extra cash to fund expansion plans—especially when there’s inventory on hand that’s ripe for liquidation. For Beaumont, Texas-based jeweler Michael Price, co-owner of Mathews Jewelers, it was the perfect time to call Wilkerson. Price talked to other jewelers as well as vendors for advice during the selection process and decided to go with Wilkerson. And he wasn’t disappointed. When it comes to paying for the move and expansion, Price says the road ahead is clear. “When we close on the next two stores, there’s no worries about finances.”

Promoted Headlines

Most Popular