splitheaven.com splitheaven.com
  Main Page :> About Us :> Add Url :> Security & Privacy :> Terms & Conditions :> Add Article
Search:   
Free links exchange
 

Health & Hygiene

People & Society

Online & Board Games

News & Media

Creative Arts

Law & Politics

Medical Care

Home & Garden

Investment & Finance

Music & Entertainment

Jobs & Careers

Cooking & Drinking

Science & Research

Internet & Computers

Adventure & Sports

Education & Reference

Hotels & Travel

Relationship & Lifestyle

Vehicles & Automotive

Children & Teens

Property & Estate

Self Management

Business & Companies

Malls & Shopping

 

Main Page –› Business & Companies –› Sales
 

How to Get the Most Out of Best Sellers

 
Author: John Stanley
 

Each product category in your store has a best seller. This product will not necessarily be the cheapest or lowest gross profit item, but it will be the favourite product purchased by your customers in that category. You can use this to your advantage if you introduce some simple management strategies

1. Identify the best sellers in each category

To take advantage of the best seller concept, youll need to know the best seller in each category. For some categories, for example beer, the best-selling product will probably stay the same throughout the year. For other products, such as fruit in a greengrocers, the best-seller will change with the seasons and you will need to analyse your sales results on a monthly basis.

2. Position best sellers strategically in the category layout

Do not use the prime location in the category layout for best sellers because they will sell anyway. Put your best sellers in what would normally be a lower selling position in the layout. They will help you increase sales in the overall category.

Customers need to see your best sellers, and shelf talkers will help you achieve this. Use your prime selling positions for impulse sales.

3. Have the team promote the best sellers

Hilary Kahn, the Melbourne based retail consultant, suggests you can increase your bottom line by getting your team to recommend the best sellers.

Best seller checklists - If yours is a large store with many categories, prepare a list of best sellers each month and make it available to all team members. This gives them the extra confidence and the opportunity to sell in categories apart from their own.

Train the team to sell best sellers - When customers are unsure about what product to select within a category, get your team to promote best sellers as one of their selling options. A great selling opener is always Our best seller is . It will give the customer confidence in the salesperson as it shows they have knowledge of their products.

The result of this is they start to trust your team member and will then readily accept that persons advice.

Train your team to sell up - In many situations customers will purchase the best seller simply on a team members advice - or allow your team member to sell up to a more profitable line.

4. Educate your customers

Consumers like buying best sellers. If they do not know the product category very well, they are happy to purchase best sellers since, when they are unsure, they seek comfort in conforming.

Use shelf talkers or general point of purchase signage to highlight best sellers.

This signage could say:-

Our best selling x this month is ..

Our best seller

The top selling x in our store

Our customers' favourite x

The important thing is that you are honest with your customer.

5. Match promotions with fact

When introducing a best selling strategy, make sure your advertising, internal promotions and sales team are giving the same message to the customer.

Management Memo

Best selling strategies work brilliantly in some retail sectors and are under-used in others. The book and record industries have used this technique for many years with merchandising strategies that show the top 10. I recently worked with a retail client where we introduced the best selling strategy for the first time. Prior to my visit they were unaware of which products were their best sellers. Once we introduced the strategy and used shelf talkers, their sales of best sellers increased four fold. What was even more interesting was that the overall sales within the category also increased. I believe this was due to the consumer gaining more confidence and trust in the retailer.

 
 
 

Related Articles

 
Break Even On Your Next Direct Mail Campaign...And Still Generate Huge Profits
 
Quality Staffing: Stop Placing the Wrong People in the Wrong Jobs
 
Business Opportunity - How To Find A Real Online Job
 
Rare Marketing Secret Used By Hollywood Hypocrite Triples Your Sales & Cuts Your Ad Budget In Half!
 
Points For Great Presentations
 
Conversation Starters and Techniques
 
Book Review: Business Plan Secrets Revealed
 
More Bang For Your Press Release Buck
 
4 Steps to Getting the Most Out of Attending a Seminar
 
Making Networking Work
 
 
 
Main Page :> Security & Privacy :> Terms & Conditions  
Copyright © 2006-2008 www.splitheaven.com - All Rights Reserved.