move that merchandise
DESCRIPTION
Learn how to sell more products and ditch the dogs.TRANSCRIPT
Move That Merchandise!
Tips and Tricks to Sell More Product and Ditch the Dogs
The Hardest Working Member of Your Team
Covers the entire sales floor
Commands top dollar Drives the most
revenue Interacts with the
customers 60-80% of your
assets
What Happens When This Team Member Fails
Cash flow crunch Musty, dusty
merchandise Merchandise loss Reduce sales Downward price
spirals Customers stop
coming
Play With Pricing
Mark it down Mark it up Play mind tricks More is better
Dazzle With Display
Cross-merchandise Move, and move
again Give it more space Shine the light Sample away
Sell It With Signage
Use shelf talkers Market with the media Use the vendors’
materials Faux sale signs Just In! (not really)
Give It a New Look
Make a perfect pair Add a cool color Embellish with florals Personalize it
Want Fries With That? Teach suggestive selling Be observant Ask questions Watch for buying signals Did you see this? Determine the objection Encourage the sales with
“why not?” Suggest an alternative Help make the decision
Compliment their picks Offer impulse buys Go the extra mile
Ditch the Dogs
Cut loose the dead inventory
Sell online Sell or trade to other
stores Hire professional
liquidator Donate for tax break
Buy Better in the Future
Know your inventory turns: Sales / Average Inventory
Set up an open-to-buy: Sales + Ending Inventory - Beginning Inventory = Open to Buy
Know what’s being bought
Cherry pick orders Sell more special
orders or drop ship items
Seek out return-friendly vendors