BOOK US

With over 25 years of frontline experience Tom Shay is America's leading small business management expert. He's a "Must Have" for your next event.

e-retailer logoe-ret@iler January 2000

Sent to you at your request by Tom Shay and Profits Plus Seminars
Visit our website at www.profitsplus.org

From the retail news front
Recently, we saw an article for the restaurant industry aimed not at the owner or manager, but at waitresses and waiters. In the article the writer gave recognition of how demanding customers can be. It seems every industry that has to deal with the public has its' situations. And every time you gather people who have to serve the public, the "war stories" begin to fly.

However, the article was designed to focus on the little things that can be done to increase tips. Many of the ideas would increase the tips by "double digits". Some of the most interesting suggestions were:

Kneel so that you can make eye contact with the customer on the same level.

Touch the customer on the hand or should to acknowledge their request.

Write "thank you" on the bill.

Call them by name if you know it or have obtained it by seeing their charge card.

Instead of just reciting the specials of the day, ask the customer what type of food they like, and then give only one or two specials.

Did you notice that none of these ideas required any special training or knowledge? All that is necessary is an effort to make the customer feel appreciated.

Precision Shopping
Have you heard the term "precision shopping"? One of the large research firms coined the phrase. It deals with the need to save the time of a customer as they shop. The report said customers are making more frequent trips to the store, but are spending less time browsing.

If customers are making more trips to the store, how do you make sure they are making those trips to your business? There were five suggestions:
Use the names and addresses you obtain from customers to create promotional events.
Ask your customers what other products or categories they think you should carry.
Educate your employees.
Have a customer loyalty program (your own frequent flyer program).
Suggestive selling.

Subscriptions to the e-ret@iler
If you received this month's e-ret@iler as a result of someone forwarding it to you, you can subscribe and have a copy sent to you each month by clicking on the link above.

Get your profits plus,
tom shay signature

 

APRIL 2024
Have the Small Business Conversations, Advisories and News sent to your inbox. Subscribe HERE

Small Business

AdvisorieS

"What's your score"? is the name of the April Small Business Advisory. This provides an introduction to our return on investment calculator. It is a great way to understand how well the investment you have in your small business is working for you.

Small Business

News

Top Story

We believe Thursday, April 25 is an important annual celebration for small businesses. While the name of the celebration has varied over the years, the focus is for us to take kids to work with us.

 

This is important for the kids to see what it is we do. They definitely are not going to learn about it in school. Reading the April Small Business News you will see an example from community pharmacists that emphasizes it is up to us as small business owners to introduce kids to what we do.


Article of the Month

While titled, "If not price", the April Article of the Month is asking the question about the focus of your small business in attracting and keeping customers.

 

If there is not something very special about your business, then the only attraction to your businessis that of a low price.


Book of the Month

"The plan as you go business plan" is the April book of the month. The author is Tim Berry who has also created software on the same topic.

 

I do not agree with the concept of "fill in the blank" or "create the plan as you need it" because my experience has been that you do not have as strong as a connection and understanding to your business plan unless you do it yourself and you dedicate the time to create it.

BOOK US

With over 25 years of frontline experience Tom Shay is America's leading Small Business Management Expert. He's a "Must Have" for your next event.

Small Business

Advisories

"What's your score"? is the name of the April Small Business Advisory. This provides an introduction to our return on investment calculator. It is a great way to understand how well the investment you have in your small business is working for you.

Small Business

News

 

Top Story

We believe Thursday, April 25 is an important annual celebration for small businesses. While the name of the celebration has varied over the years, the focus is for us to take kids to work with us.

 

This is important for the kids to see what it is we do. They definitely are not going to learn about it in school. Reading the April Small Business News you will see an example from community pharmacists that emphasizes it is up to us as small business owners to introduce kids to what we do.


Article of the Month

While titled, "If not price", the April Article of the Month is asking the question about the focus of your small business in attracting and keeping customers.

 

If there is not something very special about your business, then the only attraction to your businessis that of a low price.


Book of the Month

"The plan as you go business plan" is the April book of the month. The author is Tim Berry who has also created software on the same topic.

 

I do not agree with the concept of "fill in the blank" or "create the plan as you need it" because my experience has been that you do not have as strong as a connection and understanding to your business plan unless you do it yourself and you dedicate the time to create it.