Tweet Opening a dollar store and then growing that business requires the owner and manager to successfully do many things. Each of those individual efforts is critical to overall success. Together they combine to determine the ultimate level of success achieved. One of the most critical pieces of the puzzle is determining the right products […]
Archive for April, 2009
One of the challenges associated with building sales when opening a dollar store is maintaining adequate levels of inventory without breaking the back to purchase everything. If you are working to grow your store sales, get creative and you won’t need to invest so much in inventory for your store. In this article I present tactic to minimize inventory while building sales when opening a dollar store.
One of the challenges when opening a dollar store is to continually grow your store sales. A secret to growing sales in your store is to increase the frequency of existing customer visits. In this article I present how to get customers coming back every week when opening a dollar store.
Many retailers labor for years to find just the right combination to make every shopper’s experience one they remember. If you are opening a dollar store, you face the same challenge. You must develop an environment and experience that makes every shopper’s visit to your store memorable. You must create an experience that lasts in the memory of those shoppers and brings them back time and again to shop in your store.
We all know the sad truth about the economy. For many retailers the results of tight money, tight credit, ever-higher unemployment and a general uneasiness had been slowed sales. For some it has even meant total closure of their businesses. While these times can be the perfect opportunity for those who own and operate a dollar, discount variety store, there are critical steps to take to ensure success in the year ahead.
One of the biggest challenges associated with successfully getting a retail store open and operating is collecting and then correctly interpreting all of the tasks that must be performed. If everything isn’t done in the right order, other tasks are delayed.
Every retailer faces the problem of slow-selling or non-selling merchandise. While there are many different actions that can be taken to address this problem, don’t allow yourself to follow a haphazard approach that varies. In this article I present 4 proven steps to deal with non-selling products when you own a dollar store.
One of the sure ways to create excitement in your store is to offer merchandise that just isn’t available from your competition. The challenge for many is locating merchandise that provides an opportunity to make money for you while providing great deals for your customers. Closeout merchandise provides just that opportunity. In this article I present 5 tips about buying closeout merchandise when you own a dollar store.
If you are about to start the process to open a dollar store business, then you are likely in for a big surprise. While many are able to complete this entire process in as little as 30 days, others find it can literally take months to get everything in-place for their grand opening. In this article I present material handling equipment required when you open a dollar store.
Those who are opening a dollar store will soon find there are so many tasks to perform, yet so little time to complete all of them. One of your top priorities should be handling incoming freight as it arrives. In this article I present 4 tips about receiving incoming merchandise when opening a dollar store.