Jeweller - June, Edition II 2020
• Shock value: How jewellers can adapt to and even benefit from the impact of COVID-19 • Brave new world: Preparing your business for the 'next normal' of retail • Double or nothing: experts reveal the key strategies to securing multiple-item sales
• Shock value: How jewellers can adapt to and even benefit from the impact of COVID-19
• Brave new world: Preparing your business for the 'next normal' of retail
• Double or nothing: experts reveal the key strategies to securing multiple-item sales
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BEST OF BUSINESS<br />
Selling<br />
"Fine pieces are<br />
perfect for layering.<br />
Here, a second<br />
shorter chain and<br />
a pair of simple<br />
earrings can change<br />
everything. If you’d<br />
like, we could try<br />
layering a third<br />
chain? it could<br />
be too much,<br />
but then again,<br />
it could be<br />
perfect!"<br />
It’s all about the second item (and the third!)<br />
Selling in multiples is how retailers get ahead. RICK SEGEL and MATTHEW HUDSON say the difference between<br />
closing one item and two items is the difference between a good and great salesperson.<br />
I was once asked to do mystery shopping<br />
for a national chain. My job was to take my<br />
time going through the store, reviewing<br />
the visual merchandising signage and<br />
employee attitude and performance.<br />
This is a chain that I absolutely admire<br />
– all the people I’ve had contact with are<br />
very nice and do a very good job.<br />
The retailer is a specialty store, which<br />
tends to mean customers are split into<br />
an 'insider group' who know the product<br />
well, and those who might be coming in<br />
for the first time.<br />
This is similar to customers going to a ski<br />
shop, for example. If you are a skier, you<br />
are familiar with the gear and know when<br />
you see the super-duper latest models.<br />
If you are a beginner, however, you really<br />
don’t know the difference.<br />
Helping out an outsider<br />
In this particular business, I was an<br />
outsider. I went into the store and walked<br />
around. They were having a major sale<br />
and all the salespeople were busy.<br />
I was looking at all these products with<br />
not a clue in the world! I needed help and<br />
direction but the store was so busy that<br />
all the salespeople were tied up.<br />
Finally, a salesperson approached me.<br />
I don’t know if he was a manager,<br />
assistant manager or owner, but he knew<br />
his stuff.<br />
More importantly, he had a contagious<br />
passion for the product that made me<br />
want to buy even more.<br />
I asked about the different products I<br />
would need to complete a specific project<br />
and the person laid out all of the tools<br />
Top-performing<br />
retailers don’t<br />
strive to be<br />
everything to<br />
everybody...<br />
<br />
problems that<br />
the business<br />
uniquely solves<br />
for customers<br />
and equipment that I would need. He<br />
essentially created a shopping list to cater<br />
for my wants and needs.<br />
What could be better?<br />
Throughout the sales process, I asked<br />
a stack of different questions and gave<br />
the salesman plenty of buying signals,<br />
saying things like “I really like that” and<br />
“Oh, I need that.”<br />
Missed opportunity<br />
I had demonstrated my willingness to<br />
purchase two items but was intentionally<br />
indecisive about the second item that was<br />
in question.<br />
Everything was going fine until the<br />
salesperson asked, “So do you really<br />
want the second item?”<br />
I said, “Oh, I guess not”, and to my alarm<br />
58 | <strong>June</strong> <strong>2020</strong>