By rbhamil on May 27, 2010 in Merchandise | 0 Comments
There are many quality suppliers available. It is just a matter of knowing where to start the hunt. In this article I present 4 key sources for your merchandise. These categories will each open the door to hundreds of potential suppliers for your business.
By rbhamil on May 27, 2010 in Merchandise | 0 Comments
While you have little direct control over the time it takes from payment to the merchandise actually arriving at your store, it is important to stay in touch with your suppliers and tactfully set dates for shipment and arrival at your store. Where you do have great control is from the moment a delivery truck arrives at your door with new merchandise. In this article I present how to reduce product receiving time. I include 6 powerful tips to use in your business.
By rbhamil on May 9, 2010 in Merchandise | 0 Comments
No matter how long you are in business, growing and prospecting require awareness to the environment around you. Read on as I present 4 tips for your success.
By rbhamil on May 5, 2010 in Merchandise | 0 Comments
In today’s economy all retail business persons need to take a step back and analyze where they can reduce inventory levels without damaging sales. Those opening a dollar store also need to look for new and different dollar store merchandise to help build sales and dollar store profits to new, higher levels.
By rbhamil on May 3, 2010 in Merchandise | 0 Comments
The beauty of the dollar store industry is shoppers will arrive, and they will spend money in your store. In fact read on as I present 6 reasons shoppers come to dollar stores.
By rbhamil on Apr 30, 2010 in Merchandise | 0 Comments
One area shoppers always want and need is grocery items. No matter how big or small the selection you offer, shoppers will always take the time to check out the grocery items in your store. Even better; they will make purchases as they examine the options. In this article I provide 5 tips about adding groceries to your store.
By rbhamil on Apr 29, 2010 in Merchandise | 0 Comments
If you are opening a dollar store you are probably very concerned about where you will find the right dollar store merchandise for your store. You are probably concerned about where to find dollar store suppliers you can depend on. You need a supplier that cares about you and your business success.
By rbhamil on Apr 24, 2010 in Merchandise | 0 Comments
After opening your store you soon realize locating reliable suppliers is just the first step. There is also the challenge of negotiating super prices. In fact the importance and potential that growing your business can have on long-term success is directly tied to your buying abilities.
By rbhamil on Apr 2, 2010 in Merchandise | 0 Comments
Are you considering opening a dollar store? If so, one of the areas of focus for you as you work to keep costs under control will be the cost of the goods sold. Merchandise costs are often the single largest expense for a dollar store. Knowing what dollar cost averaging is, and how to best use it can be a powerful tool for the entrepreneur whose goal is to reduce those costs.
So exactly what is dollar cost averaging? Dollar cost averaging is simply taking the average total cost of all items purchased in a specific interval. It might be for one order, for one week, one month or one year. The total cost is divided by the total number of items that the store received for that amount of money.
For example, let’s assume that you paid $100.00 for an order of toys. There were 200 items in the order and the freight was prepaid by the distributor. In this example divide $100.00 by the 200 items for an average cost of good sold of $0.50 for that order. While items within the order may have ranged from $0.35 to $0.80, the average was $0.50. If you are opening a dollar store this is important information to have as a part of the decision making process.
By knowing the average across your chosen metric, the entrepreneur who is opening a dollar store can then instantly see whether the average of all purchases is going up, down, or remaining the same. Buying decisions can then be made based on that average. In our example above, removing 12 each of the $0.80 items and replacing them with 24 each of $0.40 items can have a strong impact on the average for that one order. In this case, the impact would be to lower the overall average.
Give dollar cost averaging a try!
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By rbhamil on Aug 9, 2009 in Merchandise | 0 Comments
One area shoppers always want and need is grocery items. No matter how big or small the selection you offer, shoppers will always take the time to check out the grocery items in your store. Even better; they will make purchases as they examine the options. In this article I provide 5 tips about adding groceries to your store.
