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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>

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