By rbhamil on Dec 29, 2010 in Cost Reduction, Merchandise, Sales/Profits | 0 Comments
Those seeking success with dollar stores who have been a little creative have even been able to negotiate and buy-out the inventory of closing businesses. Yet one step many overlook is actually the simplest.
By rbhamil on Sep 29, 2010 in Cost Reduction | 0 Comments
In this article I present 3 powerful cost cutting actions for those running a dollar store. These actions will aid in reducing one of the highest leverage cost areas in your business; costs associated with dollar store merchandise.
By rbhamil on Sep 11, 2010 in Cost Reduction | 0 Comments
While effort needs to be made to minimize each and every business expenditure associated with a dollar store, focused energy must be placed on reducing the outlay for products acquired for resale. In this article I provide tactics to help control some of the most basic costs associated with merchandise acquisition.
By rbhamil on Aug 1, 2010 in Cost Reduction, Human Resources | 0 Comments
One opportunity many who decide to start a dollar store overlook is working with vendors to have them handle getting their displays installed and dollar store merchandise product stocked. These business owners fail to capitalize on this chance to have an expert perform these tasks at no cost.
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 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 11, 2010 in Cost Reduction | 1 Comment
Those dollar store costs do add up quickly when you start adding in costs associated with preparing the site, lease payments and deposits, merchandise inventory to fill an entire store, and everything else that is required. But there is another option to consider. Think about the possibilities associated with starting an online dollar store. You just might find this low start-up cost option is perfect for you and your situation.
By rbhamil on Jul 10, 2010 in Cost Reduction | 0 Comments
Those who start a dollar store sometimes find the funding they had planned is inadequate for the dollar store costs to open and then build their businesses. While the best solution would have been to better estimate the funding required, that is not possible for some after their business opens.
By rbhamil on Apr 29, 2010 in Cost Reduction | 0 Comments
This should be a time to not only weather the storm, but to capture loyal new shoppers for your business. This is a time for those who own a dollar store to focus on building dollar store sale levels even higher. In this article I present 5 critical actions for you to take.
By rbhamil on Apr 19, 2010 in Cost Reduction | 0 Comments
What can you do to reduce your cost of goods sold yet build sales? This seems like an impossible task. Find out more in this article; 4 creative marketing tips to reduce your overall cost of goods sold.
