subject: Using The Holidays To Get More Cash Flow In Retail [print this page] Retail businesses across the United States are awaiting the holiday season with a bit of skepticism as to what the slow economy is going to do to their profits during the coming months. This stress will have retailers working harder to get every dollar they can and will make retail sales highly competitive.
Smaller businesses will struggle with the idea that they can not turn a profit if they meet the sale prices of retail giants like Kohl's and Walmart. This presents the predicament, how can a small business remain competitive and still turn a profit? Although a good question, there are many methods that small business owners can use to help stimulate buying throughout the holiday season.
Offering special gifts and treats is a very simple concept but one that can really help drive business to your door. Run a local advertisement offering free promotional items to all your customers on a particular day. Even if you offer something small, more people will come in just for the free gift. Treats are also a great motivator, so consider setting up a little snack table, offering some cocoa and holiday cookies to your customers as they shop. A nice way to show them you appreciate their business, people will truly be impressed with something so simple.
A nice promotional item will encourage more spending from shoppers if it is used as an incentive. You could offer a nice rolling cooler to customers that spend over a certain amount. Anything that is well made and is useful will be attractive to people that are already spending money with you.
The way people carry their purchase from your store can be used to advertise to other shoppers. This is especially true if your store is grouped with many others. You can think of the nice printed bag that you give to people as a small sign that will be noticed by other people nearby. This is why you want to give a nice big sturdy bag to everyone who buys anything in your store, no matter how small.
