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TJ’s TIPS: It May Be Time to Extend a Hand of Thanks
Posted by Top Ten Wholesale at 10:32 am PT, August 10, 2007
By T. J. Reid Offering a sincere “thank you” is part of the repertoire of every successful retailer. These two words go a long way toward creating the customer’s final impression of you and your store as she walks out the door and heads home. And a “thank you” can also be the two words that draw her back to your store. Extending a Hand of Thanks For obvious reasons, this promotion works best in fall, just in time to generate sales on new fall/winter merchandise. It’s unique, creative and fun, and the retailers who have tried it have reported great results. If some customers do not come in to claim their other glove, you can always put pairs together and add them to your inventory or donate them to a worthy organization. One upscale store used better quality gloves for this promotion valued at $18 a pair. She sent out 20 letters to her very best customers. The total cost of the gloves and letters with postage was $250. Fourteen people responded to the promotion and ended up spending $1,920 on their visit—that’s an average of $137/shopper. Time to Say Thanks Dear Susie, While I was in New York on a shopping trip I thought about you and decided it was definitely TIME TO SAY THANKS for your friendship and support. Your business is always appreciated and we want to make sure you know that. Because of you we’re able to keep on TICKING! Thanks again, Nancy One store owner selected 30 of her best customers and sent them this letter. She had purchased 30 watches at $5 a piece for a cost of $150. Add $10 for printing and postage and this retailer had a total investment of $160. The bottom line is people appreciate being appreciated and it doesn’t take a lot to show our appreciation. Use your imagination—as a retailer you can never generate too much goodwill. Remember, customers expect a discount—they appreciate a gift. T.J. Reid is a retail consultant and founder and editor of Fashion Advantage newsletter and author of What Mother Never Told Ya About Retail and What Mother Never Told Ya About Promotions. These books are available at www.tjreid.com or by calling 800-221-8615. |