So you have made the decision to open your own business. And after further investigation you decide a dollar store is the right choice for you. Making that decision is a moment almost no store owner will ever forget. Then there were the hours of looking until just the perfect location was found. There is another chance to briefly stop and gather in the fact that this will soon be your own business location.
In fact the best strategy is to move forward with several specific strategies all running side-by-side. In this article I present 5 simple dollar store merchandise buying and management tactics. Each of these tactics has a place in a well-rounded program.
1) Run aisles from the front-to-back of your store: The main aisles of gondola fixtures should run from front-to-back. This provides easy employee access and view from the front of the store where your cash registers will be located.
2) Ask everyone for suggestions about merchandise distributors: Get involved with local business organizations. Meet neighboring business owners. Give priority to networking. Who knows when another business owner might supply you with the name of a great new merchandise supplier?
3) Purchase inner cartons of slower selling or trial dollar store merchandise: Stop buying cases filled with 144 or 288 or even more of slower selling or new merchandise. With your slower selling items, one full case may last for many months. With new items, there are those super slow sellers that you end up working to liquidate for what may seem like years. Reduce the risk by purchasing inner cartons whenever possible. These smaller quantities will provide just the right amount to place onto the sales floor without back stock.
4) Include space along front windows for displays: Don’t block windows with fixtures. Leave room for large bulk displays for shoppers inside and outside of your store to see. Try to include displays of the latest arrivals as well as the hottest selling dollar store merchandise.
5) Emphasize best selling departments: If you are running a dollar store one of the areas of focus needs to be your top selling departments. While it is important to always work to improve your poorest performing departments, leverage the successful departments at all times. Never allow the best selling merchandise to run out. Promote these departments. Expand the breadth of the best selling items being offered.
The truth about open a dollar store franchise is finally revealed! Visit us at dollar store supplier to get all the free insider information.