Jeweller - April 2020
• Conquering Coronavirus: protect and prepare your business during the pandemic • Time frame: exploring five years of change in the watch category • Watch this space: a showcase of best-selling and new release watches
• Conquering Coronavirus: protect and prepare your business during the pandemic
• Time frame: exploring five years of change in the watch category
• Watch this space: a showcase of best-selling and new release watches
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BUSINESS<br />
Selling<br />
Why repeat sales are so important<br />
– and how you can increase them<br />
One of the most cost-effective ways to improve your business is to focus on repeat sales.<br />
RICHARD SHAPIRO explains how to keep customers coming back to your store.<br />
With summer over and the first quarter<br />
of trading behind us, we are moving into<br />
the autumn season – which is a perfect<br />
time to set our sights on some ideas to<br />
generate repeat business.<br />
While much emphasis is placed on<br />
acquiring new customers, repeat sales<br />
are the lifeblood of any retail business.<br />
That is because you do not have to spend<br />
money attracting a customer who already<br />
shops with you.<br />
The best opportunity for retailers to<br />
generate repeat business is for sales staff<br />
to create and build relationships with<br />
customers.<br />
We all stop at our local coffee shop in the<br />
morning to see Mary the barista who gives<br />
us a big smile.<br />
She knows what we did over Christmas, if<br />
our children had a great summer holiday,<br />
and what our plans are for when they go<br />
back to school.<br />
Once you find your ‘Mary’, you don’t seek<br />
out another, more convenient or cheaper<br />
café; your loyalty is towards Mary.<br />
Here are my six repeat business ideas to<br />
help you become every customer’s ‘Mary’:<br />
Teach sales staff to greet people as they<br />
would a new neighbour into their home.<br />
Communicate how important it is to<br />
smile and connect with customers as<br />
people first.<br />
It’s more important to find out about the<br />
customer and their needs, goals, and<br />
personality, than it is to know exactly<br />
what’s in your inventory.<br />
Ask customers if they have ever been<br />
in your store before and whether they<br />
purchased something or not. If someone<br />
is new, tell them more about your<br />
business, for example the best places to<br />
park in the future, your hours, and the type<br />
of stock you carry.<br />
You can also let them know how long<br />
you have been in business, your other<br />
locations, the details of your return<br />
Treat your customers as friends and you will retain them for years to come.<br />
policies, and your personal customer<br />
experience philosophy.<br />
It will not only be useful to your customer,<br />
but more importantly, create a dialogue<br />
and relationship.<br />
Always tell the customer you can help<br />
them. People like to feel they are speaking<br />
to a person who can help.<br />
Providing help might require asking<br />
another staff member for advice,<br />
requesting more information from the<br />
customer, or even referring them to<br />
another store.<br />
It’s not important how you help them –<br />
instead, it’s about showing the customer<br />
you care about answering their question or<br />
resolving their problem.<br />
Listen to your customer’s emotions. Pay<br />
attention to what customers are feeling,<br />
not just what they are saying.<br />
In almost every instance, you will be able to<br />
easily tell if someone is happy, frustrated,<br />
excited or disappointed.<br />
It’s not<br />
important how<br />
you help them<br />
– instead, it’s<br />
about showing<br />
the customer<br />
you care about<br />
answering their<br />
question or<br />
resolving their<br />
problem<br />
By expressing a reaction to their emotional<br />
state – for example, by saying, “You sound<br />
disappointed we don’t have your size<br />
in stock. Let me double-check and get<br />
back to you” – you foster a new and<br />
beneficial relationship.<br />
Have business cards printed for all<br />
sales staff. Doing so will make your<br />
employees feel more important and<br />
valued, and it’s an excellent way to invite<br />
the customer to return.<br />
The employee could say, “I really enjoyed<br />
helping you today. Here is my card with my<br />
contact information.<br />
Now that I know your tastes, I can let you<br />
know if we get something in stock you<br />
might like. Would you prefer me to email,<br />
call or text? Just let me know.”<br />
Keep in touch. Many retailers fail to show<br />
the customer they matter after the sale.<br />
That’s a big mistake. Sending daily emails<br />
can also have a negative effect.<br />
Brainstorm with your team about the best<br />
ways to show customers they are relevant<br />
after they leave your store.<br />
I grew up in a retail environment. My dad<br />
owned a menswear store and I worked<br />
there in my early teens. I learnt two<br />
important lessons.<br />
Firstly, it is more important to listen and<br />
learn the customer’s state of mind than to<br />
find out their method of payment.<br />
Secondly, when new customers entered<br />
the store, they were strangers. My father<br />
hoped by the time they left they had<br />
become new friends.<br />
If more retailers understood why they visit<br />
the same coffee shop to see their ‘Mary’<br />
and taught their staff the concept that<br />
shoppers are people first, and customers<br />
second, the percentage of repeat<br />
customers would undoubtedly rise.<br />
Richard Shapiro is founder of<br />
The Center For Client Retention,<br />
offering research, training and<br />
consultingservices. tcfcr.com<br />
44 | <strong>April</strong> <strong>2020</strong>