Wednesday, August 1, 2012

Simple Steps for Retailers to Increase Cash Flow $45K Per Year or More

Experts often said that small businesses are the engine of job creation in the United States; however, many small businesses continue to struggle at creating jobs because of lingering economic instability. For independent retailers, one solution stands above the rest for increasing revenues so that new employees can be hired and adequately trained to help operators grow their business. By issuing gift cards, independent retailers are tapping into the underlying power of social media by leveraging one customer to reach many more. For example, most customers that purchase gift cards do so for someone else; not themselves. Therefore, a gift card sale not only drive the merchant’s average sales ticket higher, but also enables the store owner to access capital he or she otherwise would not see in the absence of issuing gift cards. Gift cards also enable merchants to keep more of the cash earned from sales in the store by becoming the centerpiece to a store’s refund policy. Even more, merchants can also feature their own gift cards in product bundles as add-on’s to promoted items thereby enhancing the perceived value of the featured products. Merchants can also provide their gift cards to other local merchants or chambers of commerce to support sales promotions or membership campaigns. Issuing gift cards also enables raising capital such as powering a crowd funding campaign whether through leading sites such as Kickstarter and IndieGogo or direct to fans via social media sites such as Facebook and Twitter.

CardsCashRewards.com provides various free gift card program setups for merchants including 50 custom gift cards complete with low cost hosting, marketing, and sales support. Once set up small business operators must require their sales team (cashiers, floor reps, and outside representatives) to “plus sell” gift cards to each customers that buys from the store. Even more, owners should track sales of gift cards made by each team member as the basis for promotions, bonuses and other merit-based compensation. Why? Because selling gift cards will increase the store’s revenues, cash flow, and profits. For example, by selling five gift cards per day averaging $25.00 per card load, merchants net additional annual revenues of $45,000.00. Upon redemption, additional revenues come into play because gift card recipients tend to spend 33% more than the value of their cards. Therefore merchants that sell five gift cards per day can increase sales revenues $60,000 per year more than they currently generate in the absence of issuing gift cards.



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1 comment:

  1. These gift cards are now print on plastic cards and it look amazing. It will promote your business and helps to increase your sale and customers.

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