4 Actions to Build Dollar Store Sales when you Start a Dollar Store

Author: Bob B Hamilton

Author: Bob B Hamilton

As you prepare and then start a dollar store be ready to face the challenge of building your dollar store sale levels ever higher. This is a challenge that will become a major focus from the moment you open a dollar store and hold your grand opening event onward. You must devise strategies to continually build dollar store sales for your business. If your actions require extra cash, then the funding must also be available. No matter what the actions, measure how they are doing, and never lose sight of the need for dollar store sales to move continually upward. Fortunately there are some actions that dont require a huge amount of cash. They can be built into your daily operational processes and procedures when you start a dollar store. Yet these actions can contribute to sales growth for your business. In this article I present 4 actions to build sales when you open a dollar store. Action #1) Carry all of the day-to-day consumables customers need When you open a dollar store make sure you know the dollar store merchandise your shoppers need and then keep those items on display at all times. This is the dollar store merchandise that will continually bring shoppers back to your store. While items many vary somewhat by store location, they include paper products, household cleaners, health and beauty items and much more. Action #2) Maximize end cap utilization Leverage the end caps in your store to build sales higher. Keep them filled with hot new arrivals, special purchases and core dollar store merchandise. Always have your end cap displays organized and fully stocked with this type of dollar store merchandise. Dont forget to make sure all end cap displays are properly signed with attention grabbing signage as well. Action #3) Timely ordering of the right merchandise It is important to know which items are selling most quickly in your store. Your on-hand inventory of those hot sellers and other core products can never be allowed to run out. That means you must order them in time to have replenishment stock arrive just in time to support your sales of these important dollar store merchandise items. Be sure to build this reordering practice into your weekly operational activities when you open a dollar store. Action #4) Properly order and display holiday merchandise One of the challenges for those who open a dollar store is projecting sales of merchandise for the holidays occurring throughout the year. This is especially true for the end of the year when sales can make or break your final profits for the year. Seek ordering advice during your first year of business. Be sure to document sales of the various items so you know whether to adjust your orders for the next year. Always schedule the arrival of your holiday merchandise inventory well in advance of the holiday. Place these items on display early on to maximize sales. These actions will not only aid in growing dollar store sales for your business. They will also support your business as other sales growing actions are taken. Build each of them into your operational model from the day you start a dollar store on. To your success when you start a dollar store!About the Author:

Find out how you can open your own dollar store business.

Bob Hamilton is an entrepreneur, author, writer, business consultant and trainer.

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