By rbhamil on Jun 12, 2010 in Management | 0 Comments
One of the often overlooked opportunities by those who start a dollar store is workforce development and empowerment. This lack of attention can occur for many different reasons. In some cases the new business owner has little prior business management experience.
By rbhamil on Jun 12, 2010 in Uncategorized | 0 Comments
One of the often overlooked opportunities by those who start a dollar store is workforce development and empowerment. This lack of attention can occur for many different reasons. In some cases the new business owner has little prior business management experience.
By rbhamil on Jun 11, 2010 in Management | 0 Comments
In this article we will examine some of the rules to achieve gift bag magic in your store. Just imagine what following these rules can mean to your dollar store sale levels, and ultimately to your dollar store profits.
By rbhamil on Jun 11, 2010 in Freight | 0 Comments
One of the challenges when you start a dollar store is learning how to handle all the little unexpected challenges associated with your business. One of the challenges that you can expect to face at some point will be the arrival of huge quantities of freight; all at the same time. Here are some quick and easy ways to deal with this when it happens to you.
By rbhamil on Jun 10, 2010 in Merchandise | 0 Comments
In this article I provide 5 simple rules to help get you started toward success when setting up your store. Those who are opening a dollar store often forget it is the small things that can make a big difference in the final results they achieve.
By rbhamil on Jun 10, 2010 in Store Appearance | 0 Comments
One of the most important tools to be used when opening a dollar store are signs. When properly used these simple to make little advertisers really make a huge difference in dollar store sale levels, and ultimately in dollar store profits for your business. In this article I present 10 places to use signs in your store.
By rbhamil on Jun 9, 2010 in Promotions | 0 Comments
If you have decided to examine the option of giving discounts and making donations, then read on. In this article I present who should receive discounts and donations from your business.
By rbhamil on Jun 8, 2010 in Management | 0 Comments
Continually building dollar store sale levels is one of the keys to achieving long term success with your dollar store business. In this article we will focus on converting more store visitors into buyers while they are in your store.
By rbhamil on Jun 8, 2010 in Human Resources | 0 Comments
One area where this is an opportunity for many is in the staffing and utilization of employees. It doesn’t matter whether we are talking about cashiering, handling dollar store merchandise receiving or any other task, there are opportunities to reduce. For more on this important topic, read on. In this article I present 4 steps to more effective staffing.
By rbhamil on Jun 7, 2010 in How to Open a Dollar Store | 0 Comments
Opening a dollar store requires several very important steps. This is true whether you open a brick and mortar or an online dollar store. Not only is it important to take each step, but in most cases they must be taken in exactly the right order. Skipping steps can result in lots of extra time and effort to recover. Missing the most critical steps can be disastrous. Seeking help when you lack the knowledge or experience can greatly reduce your risk. That help can come in the form of a book, a class or bringing in an onsite specialist. Each has advantages and disadvantages. Your challenge is to select the option that serves you and your business best. For more information on some of the key steps required to open your dollar store online read on.
For those just starting out online the first step is to determine a niche and market. You’ve done that as a part of your decision to open an online dollar store. With that decision made you can move on to determine the right format for your online store. For example you might determine $1-$10 is your pricing format. Possibly you will open an ‘All Items are $5′ store, or even all items are $10. Knowing that information is critical for locating suppliers and it will be helpful when you start setting up your website.
Next comes decisions about the type of suppliers and merchandise delivery you will use. Do you want to purchase, warehouse and ship items yourself, or do you prefer using the services of a dropship company? Using a dropshipper will also reduce the cash outlay required to purchase inventory when you are opening a dollar store online. However, your profit margin will generally be reduced when using a dropship company. This decision also helps address questions about business operations and logistics.
If you are opening a dollar store online, you will need a website. Creating the right website requires several steps. There are many specialists available to help if required. Make sure your site is optimized for the search engines.
Every business requires a marketing plan. The days of simply opening an online business and then having a huge flood of traffic are gone. You must determine the right options for generating online dollar store traffic. Are you planning to pay for traffic? If that’s the case you will likely want to consider Pay-Per-Click. If you are looking for less expensive option and you are willing to do a little writing, article marketing offers a great option for generating targeted traffic.
To your dollar store success!
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