SCREEN

Profile

Direction

Menu Style

Cpanel

Solicit repairs in December, but deliver in January


HomeShine TimesBlogsNewsLatest Issue


TODAY'S TIP IS SPONSORED BY PLATINUM GUILD INTERNATIONAL
 
YOUR TIP FOR SEPTEMBER 16, 2013
 


Use repairs to drive December sales.

WHY? One of the gifts delivered by last year’s Christmas season was a nice bump in repair dollars, especially for smaller jewelers. According to data collected by the Edge Retail Academy, these stores (less than $600,000 in sales) saw repair revenue surge 70 percent to over $21,000 between November and December last year as customers who were headed to their local jeweler to look for gifts dug out broken chains or decided to pick up some watch batteries.

HOW? Direct a repair promotion at your database that includes a cheaper option if the jobs are collected in January. Such an offer would not only improve December store sales from the increased traffic, but boost January cashflow from the extra repair dollars.

SOURCE: Edge Retail Academy


 
  
 


Copyright © 2013 Smart Work Media. All Rights Reserved. You have subscribed to the Work Smart Tip of the Day. If you believe this has been sent to you in error, please safely unsubscribe.