Keep Ribbon and Bows Stocked in Your Dollar Store Business
November 29th, 2011 | 
Author: Those opening a dollar store soon find party department sales are extremely important to building both dollar-store sale levels and profits for their dollar store business. Yet even though they know this is true some lose track of the items that are contributing so much to success for their store. They see gift bags and greeting cards flying off the shelves and always remember to reorder. Yet, many other items are just as important to both sales and customer satisfaction. Among these items are ribbon and bows. Read on for three valuable tips about ribbon and bow sales for your store.
Tip #1) If you are opening a dollar store, you will quickly discover there is a strong link between ribbon and bow sales and the gift wrap sales in your store. To capitalize on this link, be sure to place a good assortment of ribbons and bows right next to the gift-wrap display in your dollar store business. You will quickly find this one move results in add on sales. As sales continue to grow, so will your profits.
Tip #2) Shop for the very best deals on ribbon and bows. Approach your buying from two angles when opening a dollar store. First, locate suppliers offering good quality and a good selection. These suppliers will provide the core products to keep your store stocked at all times. With that task completed, move on by locating great deals on the ribbon and bows. Look for sales, closeouts, and specials to lower your overall cost of goods and to increase your profits.
Tip #3) Vary displays. Try spin racks, wall displays, and gondola displays to find the very best place to merchandise this important item. While one store may find shoppers purchase more products from spin racks, another store may add to their sales by placing ribbon and bows on display on gondolas right next to their gift-wrap. Experiment then and track results to find the very best sales method for your store.
If you are opening a dollar store be sure to look for every opportunity to build sales. Ribbons and bows are examples of add-on dollar-store sales that are positioned perfectly to also contribute to your profits. Always maintain a good selection on display close to gift-wrap.
To your dollar store business success!
Learn how you can Start your own Dollar Store Business.
Bob Hamilton is an entrepreneur, author, writer, business consultant and trainer.
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