SubscribeIf you are opening a dollar store one of the big questions that needs to be answered early on in the process is exactly what is the right amount to charge customers who shop in your store. At one time the only answer was $1.00. However as times have changed there are a multitude of [...]
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Small Business – 5 Steps to Survive, Consolidate and Revive Through Dynamic Recession Marketing
photo credit: Phillie Casablanca
1 Review Your Market Focus
A precise marketing focus is essential for any successful business. In a recession it’s more important than ever. Review your focus. If necessary, narrow it. Review your sales and profit history. Where and how do you make your money? Which products are most successful? What do you [...]
Opening A Dollar Store – Business Management can be Demanding
Are you opening a dollar store? Your business will be different and unique from all others. Running that business will be both challenging and rewarding. Successfully managing that unique business will require a unique set of leadership and management skills. Are you prepared for the challenge? If not, prepare before you start!
Do you have the [...]
Secrets Of Dollar Store Business Security Strategies
Dollar store business security is an ongoing challenge. It is important that the business owner recognize the risks and then take steps to minimize those risks. While many may feel that effort simply involves installing a few security cameras to solve this problem, there is much more to be done. Standard operating procedures and practices [...]
How to Handle Merchandise Shrinkage in Your Dollar Store Business
Merchandise shrinkage can be a huge problem for every retailer. That includes those who own and operate a dollar store business. Allowed to go unchecked this one issue can result in an operating loss for your business. Consider that your very survival may well depend on decisions that you make and actions you take in [...]
Dollar Store Business – Con Artist Theft at the Cash Register
There are a variety of methods that con artists can use in order to take money from cash registers in your dollar store business. These usually involve a variety of different forms of payment and depend on the particular circumstances. For example use of a stolen credit card, fraudulent check, or using multiple forms of [...]
Create Change by Reformatting Your Dollar Store Business – Part 1
In today’s tough economic climate every retailer is faced with many challenges. First there are the ever-rising costs associated with owning and operating a business. Utilities, advertising, and labor costs are just a few examples. Then there are the costs associated with purchasing and shipping merchandise for resale. If you own a dollar store business [...]
Dollar Store Business Tips – Keep Your Store Clean and Tidy!
One of the challenges that every retail store faces is keeping the store clean and fresh looking at all times. This is a particularly big issue for those who own and operate a dollar store business. Many customers seem to have the attitude that rather than taking the time to return items that have been [...]
Start a Dollar Store – Success Means Capitalizing on the Holidays!
Successful retailing requires that efforts be put into capitalizing on all major holidays. To best meet the needs of customers, there is considerable advanced planning, buying, merchandise handling, and advertising. All of these combine to create the best opportunity for those who start a dollar store to achieve success. In this article we will examine [...]
Open a Dollar Store – Be Sure to Establish A Hierarchy of Needs!
What is a hierarchy of needs? Why is it important when you open a dollar store? What can it do for my business? All of these are great questions. Let’s get to some answers.
Hierarchy of needs is a methodology to adopt when you open a dollar store, or any other business for that matter. That [...]
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