FEATURE ARTICLE

On Your Mark, Get Set, Sell!

November is the start of the holiday shopping season and if you are a business owner you are most likely faced with worry over consumer budgets this year. Research shows that most parents are cutting their expenses to more than half on holiday gifts for their families and some are even taking on a second job just for the holidays. Here are some ideas on how to successfully make profits during this upcoming holiday season while having to deal with today’s tight budgeted consumers.

Reach Out to Current & New Customers

Many businesses today have a monthly newsletter or email campaign to keep customers updated on sales promotions and giveaways. This is an inexpensive way to promote your sales. Sales are the best way to bring in customers this season just make sure to carry them out until the end of the season.  To bring in returning or new customers, give a greater discount for their next return or offer a discount if they bring a friend next time. 


HELPFUL BUSINESS TIPS

Thanksgiving Savings

Thanksgiving is a great way to spend time with family and friends.  However, entertaining your guests can be expensive.  Here are a few tips on how to save money so you can enjoy the holidays this year.

Tips:

  • Base your meal around one main dish. While turkey is usually the main course for Thanksgiving, many people also cook chicken or ham. By eliminating the other dish it will save you money on groceries as well as the electrical cost needed to to cook it.
  • Staying on the topic of turkey, choose the right size turkey for the amount of guests invited to your home. Experts recommend a 12-16 lb turkey will suite 5-7 guests, a 16-20 lb turkey for 8-10 guests, and a turkey from 20-25 lbs for 11-14 guests.
     
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FUN BUSINESS FACTS:

  • The U.S. Government spent $277,000 on pickle research in 1993.
  • Yahoo! was originally called 'Jerry's guide to the world wide web'.


Go Green in Your Office:



Make it a habit to turn off your computer and the power strip it's plugged into when you leave for the day. Otherwise, you're still burning energy even if you're not burning the midnight oil. Check with your IT department to make sure the computer doesn't need to be on to run backups or other maintenance. During the day, set your computer to sleep automatically during short breaks.  This can cut energy use by 70 percent. Remember, screen savers don't save energy.


The Benefits of Product Knowledge

If you are struggling to make a sale, a simple solution maybe to learn about the product you are trying to sell.  It is a lot easier to sell a product when you know how it will benefit the customer.  Knowing your product will give consumers trust in your business.  You can gain their trust by answering their questions thoroughly and correctly and showing an interest in the product.  It is important to know how the product is made, its value and how it should be used.  It is also important to know what products work well with it,  this may help you gain another sale.

If you don’t know the answer to a customer’s question, spend time to seek out the right answer or retrieve another employee well qualified to answer the question. Make it company policy to have all employees research the information they do not know or have product knowledge meetings and literature once a month to keep everyone up to date. You do not want your employee providing wrong information to a prospective customer.

Presentation is the best way to draw people into a product. When people are able to see firsthand how something works they can decide for themselves whether that product would be good for them. For instance, if you are selling a hand cream, offer a free hand massage to your clients or put out a tester for them to try themselves. This will connect you to your customers as well.  Food demonstrations are always a great way to draw customers in to your product.  Supermarkets are more likely to make sales on a product that was demonstrated that day.

Confidence, knowledge and presentation are key to a great sale.  If you keep those three elements in mind while trying to make a sale you will benefit both your company and your consumer.