5 Tips to Grow Your Business This Summer
Make the most out of your 100 Days of Summer™ with these helpful tips for c-store owners. They’re based on the latest consumer research and trends to maximize your profits and offer you everyday low costs.
Tip #1:
Bring back the small business fanfare. Warehouse clubs have moved away from signs like were in business for your business, said Leo Perino, part-owner of Lincoln Market in Denver. He would like to see that make a return.
Tip #2:
Consider Sam’s Club merchant credit card processing though First Data at competitive rates — it can help add to your bottom line.
Tip #3:
Security cameras, such as the closed-circuit security systems available at Sams Club, serve as a great theft deterrent. You could also try greeting your customers by an intercom system or in person.
Tip #4:
Offer a cents-off promotion for customers who pay cash. This way youll avoid credit card processing fees and increase store traffic around your higher-margin items.
Tip #5:
Get consumers to build shopping momentum by placing necessities, such as an umbrella on a rainy day, near the front of the store. Once they make the first selection, they’re likely to make more.