Southern Jewelry News
  • Featured
    • All
    • Featured
    • Featured Retailers
    • Retailer Roundtable
    • Sponsored Content
    • Supplier Spotlight
    Les Olson Jewelers: a hands-on operation
    Les Olson Jewelers: a hands-on operation
    Merger With a Mission
    From hard knocks to soft landing in new store
    Saban Onyx helps independent retail jewelers get fancy
  • Latest News
    • All
    • COVID-19
    • Furry Friends
    • Industry Awards
    • Industry Events
    • NRF
    • On The Move
    • Other News
    • Tradeshow News
    • Video
    • What's New
    Diamond industry veteran rebuts dire forecast in The Asteroid Approaches column
    Jewelry store sales and management video from Jimmy DeGroot: Check your attitude before opening the store
    CBG Miami “Experience” event gets positive reviews
    Furry Friends on the Job: Say hello to Sierra of Argo & Lehne Jewelers
  • Podcast
    Dangers of Jewelry theft and how to prevent them 350
    Episode 43 -Kenny Mullins, Dangers of Jewelry Theft and How to Prevent Them
    Inside the Generational Legacy of David Douglas Diamonds
    Episode 42 -Doug Meadows, Inside the Generational Legacy of David Douglas Diamonds
    An-Inspiring-Tale-Behind-50-Years-of-Jewelry-Design-and-More
    Episode 41 -John Atencio, An Inspiring Tale Behind 50 Years of Jewelry Design and More
    Episode 39 -Brittany Jones,95 Years of Excellence and Legacy of JF Jones Jewelers
    Episode 40 -Brittany Jones,95 Years of Excellence and Legacy of JF Jones Jewelers
    The Rise of Luxury Handbag Trend in Jewelry Stores
    Episode 39 -Frederick Mannella, The Rise of Luxury Handbag Trend in Jewelry Stores
    Episode 38 – Kevin Patton, Gem-preneur Family Legacy of Pattons Fine Jewelry
    Episode 38 – Kevin Patton, Gem-preneur Family Legacy of Pattons Fine Jewelry
    Technology Meets Our Values
    Episode 37 – Kyle Bullock, Technology Meets Our Values
    A Pandemic-Born Success of Two Jewelry Visionaries
    Episode 36 – Brooke and Chase Brinson, A Pandemic-Born Success of Two Jewelry Visionaries
    Jewelers Helping Jewelers
    Episode 35 – Aleah Arundale, Jewelers Helping Jewelers: Connection, Support, and Success
  • Columnists
    4Cs of Diamonds? Here are the 4Cs of Jewelry Marketing to help you sell them
    Applied Marketing 101: The Next Big Thing
    Applied Marketing 101: The Asteroid Approaches
    The Story Behind the Stone: Oops there it is!
    Image of Chuck Koehler
    Cool New Things from the Atlanta Jewelry Show
    Image of Chuck Koehler
    The Retailer’s Perspective: It’s Springtime in September
    Barbiecore Bling! Are you in?
    Joel McFadden Fine Jewelry
    Successful Custom: The Customers View
    Holiday Sales Success: A multifaceted marketing approach
    Holiday Sales Success: A multifaceted marketing approach
  • Classifieds
  • Subscriptions
    • Newsletter Signup
    • Print Subscription
  • Digital Magazine
    • Southern Jewelry News
    • Mid-America Jewelry News
    • Archive
No Result
View All Result
Southern Jewelry News
  • Featured
    • All
    • Featured
    • Featured Retailers
    • Retailer Roundtable
    • Sponsored Content
    • Supplier Spotlight
    Les Olson Jewelers: a hands-on operation
    Les Olson Jewelers: a hands-on operation
    Merger With a Mission
    From hard knocks to soft landing in new store
    Saban Onyx helps independent retail jewelers get fancy
  • Latest News
    • All
    • COVID-19
    • Furry Friends
    • Industry Awards
    • Industry Events
    • NRF
    • On The Move
    • Other News
    • Tradeshow News
    • Video
    • What's New
    Diamond industry veteran rebuts dire forecast in The Asteroid Approaches column
    Jewelry store sales and management video from Jimmy DeGroot: Check your attitude before opening the store
    CBG Miami “Experience” event gets positive reviews
    Furry Friends on the Job: Say hello to Sierra of Argo & Lehne Jewelers
  • Podcast
    Dangers of Jewelry theft and how to prevent them 350
    Episode 43 -Kenny Mullins, Dangers of Jewelry Theft and How to Prevent Them
    Inside the Generational Legacy of David Douglas Diamonds
    Episode 42 -Doug Meadows, Inside the Generational Legacy of David Douglas Diamonds
    An-Inspiring-Tale-Behind-50-Years-of-Jewelry-Design-and-More
    Episode 41 -John Atencio, An Inspiring Tale Behind 50 Years of Jewelry Design and More
    Episode 39 -Brittany Jones,95 Years of Excellence and Legacy of JF Jones Jewelers
    Episode 40 -Brittany Jones,95 Years of Excellence and Legacy of JF Jones Jewelers
    The Rise of Luxury Handbag Trend in Jewelry Stores
    Episode 39 -Frederick Mannella, The Rise of Luxury Handbag Trend in Jewelry Stores
    Episode 38 – Kevin Patton, Gem-preneur Family Legacy of Pattons Fine Jewelry
    Episode 38 – Kevin Patton, Gem-preneur Family Legacy of Pattons Fine Jewelry
    Technology Meets Our Values
    Episode 37 – Kyle Bullock, Technology Meets Our Values
    A Pandemic-Born Success of Two Jewelry Visionaries
    Episode 36 – Brooke and Chase Brinson, A Pandemic-Born Success of Two Jewelry Visionaries
    Jewelers Helping Jewelers
    Episode 35 – Aleah Arundale, Jewelers Helping Jewelers: Connection, Support, and Success
  • Columnists
    4Cs of Diamonds? Here are the 4Cs of Jewelry Marketing to help you sell them
    Applied Marketing 101: The Next Big Thing
    Applied Marketing 101: The Asteroid Approaches
    The Story Behind the Stone: Oops there it is!
    Image of Chuck Koehler
    Cool New Things from the Atlanta Jewelry Show
    Image of Chuck Koehler
    The Retailer’s Perspective: It’s Springtime in September
    Barbiecore Bling! Are you in?
    Joel McFadden Fine Jewelry
    Successful Custom: The Customers View
    Holiday Sales Success: A multifaceted marketing approach
    Holiday Sales Success: A multifaceted marketing approach
  • Classifieds
  • Subscriptions
    • Newsletter Signup
    • Print Subscription
  • Digital Magazine
    • Southern Jewelry News
    • Mid-America Jewelry News
    • Archive
No Result
View All Result
Southern Jewelry News
No Result
View All Result
Home Columnists

Sales Growth Expert: If it worked once – It usually works again

Bob Janet by Bob Janet
January 1, 2009
Share on FacebookShare on Twitter
Reading Time: 5 minutes

Now, I am the first one to be aggressive and try new and different marketing and sales techniques to gain new customers, retain present profitable customers and to increase my profits. But when I find something that works, I will use it over and over again – and, of course, make changes to make it work better.

In the summer of 2005 General Motors (GM) found their sales and profits decreasing – most of the country was in an economic downturn – and decided they needed to be more aggressive to attract customers. They created a sales program that sold a vehicle to anybody at the price a GM employee would pay. USA TODAY reported on June 29, 2005 that it appeared to have boosted GM sales 20% to 30%.

Fast forward to the summer of 2008 and once again General Motors finds itself in a slowing market. Sales and profits are down. So they revived employee pricing. I am sure their thinking was, “If it worked once. It will work again.”
By the way, the idea for employee pricing grew out of an employee’s suggestion.

When sales are slow in my businesses, I always go to two places. First, my customer list. After all it is much easier and a lot less expensive to sell to people who already know me and like my products and services. The second place I go is my scrap books. I, and my father before me, keep detailed records of every sale and promotion we ran.

I will find the ones that worked in similar economic circumstances, sometimes tweak it a bit, and usually find I have success.

If you have not kept scrap books of your past sales and promotions, start now. You will be able to rely on them in the future. Of course you will remember some of the promotions that worked for you in the past, but many of the details get lost unless you have it written down.

So what do you do if you have not keep scrap books of your past promotions? There are two other places to find ideas that worked in your industry for your products and services. One is other businesses like yours. Living and operating my businesses in central Pennsylvania, I found I was the leader in marketing and could not find very many different ideas that I had not tried from other businesses in our area. So I subscribed to the newspapers from Detroit, Los Angeles, Orlando and New York City. I found what worked for others in my industry also worked for me.

In my retail and wholesale businesses I also kept another set of scrap books of ads and promotions – my competition’s. Wouldn’t you like to know what promotions and ads your competition is going to run before they run them. Most businesses market the promotions each month of the year that they did the year before. They have their anniversary sale the same date each year. They start a summer promotion approximately the same date each year, etc.

In the retail business, if you have not kept a scrap book of your competition’s marketing, all you have to do is go to the newspapers they market in and look at their archives. In my wholesale business I found my supplier sales representative could always help me discover my competition’s sales and marketing plans. And most manufacturers introduce new products close to the same time each year.

Make sure you include all the cost, time and money, and all the operational details in your scrap book for each promotion. It will help you lower your cost and increase the productivity (profit) of your promotions.

Bob Janet – Sales consultant/trainer, speaker, author of “Join The Profit Club” combines 40 plus years as owner/operator of professional, retail, manufacturing and service businesses with his unique teaching and storytelling ability to motivate, educate and inspire business professionals of all levels and all industries for increased sales & profits. Contact Bob at 800-286-1203 , or e-mail Bob@BobJanet.com.

Bob Janet

Bob Janet

Related Posts

4Cs of Diamonds? Here are the 4Cs of Jewelry Marketing to help you sell them

September 25, 2023
Applied Marketing 101: The Next Big Thing

Applied Marketing 101: The Asteroid Approaches

September 18, 2023

The Story Behind the Stone: Oops there it is!

September 18, 2023
Image of Chuck Koehler

Cool New Things from the Atlanta Jewelry Show

September 18, 2023

Latest News

Columnists

4Cs of Diamonds? Here are the 4Cs of Jewelry Marketing to help you sell them

September 25, 2023
Other News

Diamond industry veteran rebuts dire forecast in The Asteroid Approaches column

September 25, 2023
Other News

Jewelry store sales and management video from Jimmy DeGroot: Check your attitude before opening the store

September 25, 2023

Other News

CBG Miami “Experience” event gets positive reviews

Furry Friends on the Job: Say hello to Sierra of Argo & Lehne Jewelers

Episode 43 -Kenny Mullins, Dangers of Jewelry Theft and How to Prevent Them

Hardrock Summit wraps in Denver

ISG awarded Certificate of the Combat Flag

Artistry, Ltd. releases 2024 catalog

Southern Jewelry News

© 2023 Southern Jewelry News.

Additional Information

  • About
  • 2023 Jewelry Trade Shows & Events
  • Media Kit
  • Contact
  • Sitemap
  • Newsletter Signup

Get Social with Us

No Result
View All Result
  • Featured Articles
    • Featured
    • Featured Retailers
    • Retailer Roundtable
    • Supplier Spotlight
    • Sponsored Content
  • Latest News
    • What’s New
    • Industry Events
    • Tradeshow News
    • On The Move
    • Other News
    • Furry Friends
  • Podcast
  • Columnists
  • Classifieds
  • Subscriptions
    • Newsletter Signup
    • Print Subscription
  • DIGITAL MAGAZINE
    • Southern Jewelry News
    • Mid-America Jewelry News
    • Archives

© 2023 Southern Jewelry News.