More Tips To Build Dollar Store Sales
Everyone who owns a dollar store wants their business to make consistent profits
. After all, that's the point of owning the store. And make no mistake about it - when they're operated properly, dollar stores are more than capable of producing that type of success. But some do it better than others.
Some dollar stores struggle, while others are very successful. But even if the dollar store you own is already profitable, wouldn't you love to make even more? Here are a few more tips to build your dollar store sales.
a. Draw shoppers into your store by using your entry areas effectively. That includes more than just displaying some low-priced items near the door. Although that's not a bad idea, it's just the beginning. You should also give shoppers some reasons to come all the way in so they'll browse through your dollar store's stock. Even if you're offering high-demand items and your prices are the lowest out there, your business will struggle if you don't get enough shoppers in the door.
So, pack your window displays and other entrance areas with popular dollar store merchandise. Rotate the items frequently to keep your stock fresh and raise shopper interest. Include several of your top sellers. These displays will draw shoppers into your store, and once they're inside they'll start buying.
b. Always keep fast-selling items in stock and on your shelves. These are your most popular dollar store products, so you never want to run out. Your top-selling dollar store items should always be on display and readily available for shoppers to buy.
c. Always stock and display a strong assortment of hot-selling impulse items. Shoppers often come to a dollar store looking for a specific type of product, but end up buying some additional items on impulse. Candy, gum, mints, cold drinks and salty snacks are just a few possibilities. All those impulse sales add to your dollar store's profits.
d. Purchase merchandise specifically for your end cap displays. Your end caps should be places where you feature exciting new merchandise that you hope will become top sellers. Like your window displays, rotate the items in your end cap displays.
As you can see, although it's important to keep your dollar store stocked with low-priced dollar store merchandise, there's more to owning a successful dollar store than that. These tips can help you draw shoppers into your store, carry the right inventory, and display your merchandise effectively. Then, watch your profits soar!
by: Robert Hamilton
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