By rbhamil on Jul 27, 2010 in Cost Reduction | 0 Comments
Budget management starts with knowing all the costs associated with your business. Even more important is to know the heavy hitters; those items that will make the biggest impact on your bank account. In this article I present 3 of the biggest costs most store owners face.
By rbhamil on Jul 26, 2010 in Merchandise | 0 Comments
Every time sales climb higher more items must quickly make it into your store, through the receiving process, onto the floor, and finally to the cashiers who are eagerly waiting at the checkout stations in your store. In this article we examine some of the keys to positioning your store to always have the right products waiting as eager shoppers come to make their purchases.
By rbhamil on Jul 26, 2010 in Merchandise | 0 Comments
If you are running a dollar store make sure you always have all of the top selling items in your store at all times. A great method for doing this is to simply establish a specific in-stock inventory level that will automatically trigger a replenishment order.
By rbhamil on Jul 25, 2010 in Merchandise | 0 Comments
For those who are working to build their dollar store sale volume, there is another method to consider. That method is to pair items when doing your promotions. This works by bringing products together around a common theme.
By rbhamil on Jul 25, 2010 in Management | 0 Comments
With careful study of your competitors and then implementing actions to make your store stand above the rest, customers will respond. That response will be defined by sales and more return visits.
By rbhamil on Jul 24, 2010 in How to Open a Dollar Store | 0 Comments
Success with dollar stores demands ever-higher sales. It is then that those running a dollar store might start to examine adding a second business outlet to their business. In this article I will present some of the important considerations before making a final decision on this strategy.
By rbhamil on Jul 24, 2010 in Cost Reduction | 0 Comments
The truth is that cost reduction is the name of the game for those running a dollar store. And while growing sales ever-higher certainly cannot be ignored, cost pressure is a daily reality. In fact those who are about to start a dollar store should always be watchful for opportunities to drive extra expense from every aspect of their business. One area which must always be tended is associated with the dollar store items you purchase.
By rbhamil on Jul 23, 2010 in Merchandise | 0 Comments
Success with dollar store requires that you anticipate shopper needs and then provide the right items to meet those needs. With back-to-school you get only one chance. Have the right items available at the right time and you will smile all the way to the bank.
By rbhamil on Jul 23, 2010 in Merchandise | 0 Comments
In this article I will examine one example of an overlooked product every dollar store owner should consider adding to their offerings. In this article I present sunglasses are a hot seller most of the year when you start a dollar store.
By rbhamil on Jul 22, 2010 in Store Appearance | 0 Comments
For you to stand head and shoulders above the rest and achieve true success with dollar stores, it also takes outstanding customer service. In this article I present some of the simple tactics to allow you to give the competition the 1-2 punch.
