How to increase your retail sales???

I feel this should be done first,,,,then accordingly plan.....that includes:

1. Inventory/R. capital management..after having gripped the right pulse,,, u gotta have all the right fruits in the basket,,which tastes sweet to your customers ,,,,remove the rotten ones,,,,either by inter store transfers or by offers,,,,keep stocks all ready at least 15 days before they are required for a particular event...

2. Human resource: Place right person at the right spot with proper responsibility & accountability.

3. Costs: Like stocks,,,checkout for superfluous expenses.

4. Systems: Develop systems to ensure right customer service & stock & other maintenance,,like timely refiling/shuffles...displays,,,VM,,,sundry maintenance etc.

5. Seasons & offers: In India we have different festivals & seasons like Holi,,,Rakhi Diwali etc,,,,one strategy/offer may not work...plan as per latest fades....

6. New products: No body wants to see the same merchandise again & again,,specially in apparels etc,,,,keep searching for new exciting products/brands suitable for your target audience...

7. No respite: Each day one or other customer will teach you new things,,,,,so keep improving... 

And in the end,,,,procure the best material,,,its old saying that one who procures the best,,,,sales 1st....

Many stores are run by well-intended people but who don't have all the information they need to do their job. This includes a clear idea of market segment, target markets, customer service, product selection, marketing mix, promotional activities and pricing tactics. If you want to succeed you need a well thought out business plan that helps you make the right decisions.

By branding and positioning the product and effectively strategize marketing plan depending on how the Company is newly or an established one.

A business may keep choices limited yet whatever is on offer must be backed by excellence in delivery, support and continual enhancement.

I have read the idea given by the greart exp. people, bt one thing i want to tell all of you that all retailchain comp doing the same thing what u all are told, i.e, offers,right candidate,etc.,.i think that now u can try this also:-

1.Get in contact with the customer who have taken your automobiles back 2-3 yrs, then make them feel that u really care for them from the core of the company heart (may be it will be a little expensive) ,invite them in a short party or new product launch or any company function, then provide imformation (formal or informal way) about the new product having advance technology which resist some barrier facing by a customers in the basic condition and also about the exchange of vechiles in place of new one , provide them a hassel free paper transcation within a defined hours (for example your car will be in your home parking place within a span  of 48 hours from the time u place the order) like wise.., \

2.Think what will be your mind set as a customer and your expectation from the company or from the retail chain outlets.

3. Visit your outlets as a ghost customer feel what the problem customer are facing from the time being they place their order and they get the product.

4. vistit your service centre as a ghost customer and see the problem

there are many way to increase the sale but one thing we all must remind that like they we are also a customer for another company , so when it will be the right time to place the sales promotion keeping the company right information about the t&c (dont make them hidden).

There are lots of ideas and strategy to increase the retail sales but its depend on the products , markets and the targeted customer....

just like -- giving attractive discount.. festive offer.... surprised gift... exchange offer...

Apart from it.. a good services..... customer education... marketing.... advertisement... etc..... so please clarify which products would u ant to retail.... ok 

i think this is one of he best strategy to increase retail sales.The retail out let should quarterly commission the market survey to feel the pulse of the consumers.

ADVERTISING & PROMOTION are the basic requirements to constantly pull Customers & keep your cash registers ringing.

Specially... IT SHOULD BE PINPOINT PROMOTION ( very much on target & precise message ).

After sales services and a varied inventory. People like to choose if given options variation in inventory will allow them to spend more time at the outlet more time they spend, the more they will buy.

After sales services are a must. People get frustrated because of lousy services. More importance should be given to post sales services because that is what makes them want to come again.

If you wish to increase retail sell.....Try just 3 ideas for next 180 days

1.Play Music(Play soothing music)

2.Choose Good looking Sales Executives under 30

3.Do not use the phrase."How Can I assist you ..?"until customer ask for any help.

Consistently improving product and services together with retention of existing customers through highly satisfied delivery is basic.

Yet it is often noticed that businesses falter in this area, thus while new customers may keep adding the existing base keeps reducing, diminishing the gain if any.

Attract new customers, by changing the strecture of shop or by prizing or by the people u focus on .

Every one thinks about brands. This brands can be sold in different stores arround them. So concentrate to maintain customer satisfaction and try to add different looks every time. Customers need some thing new.

costumer feel comfortable in friendly inviornment. they can understand better the product and also solve better theirs problen in this type enviornment.

When someone consider to be start up their own retail shop, first they think about various points :

1. What products we will sell. 

2. Demand & supply of market.

3. Market place.

4. Customer's actually need & want. 

5. Customer's spending ability.

6. Various sections or departments of products. 

7. Time to time customer support by retailer.

8. Market study - Perfect, Monopoly or Monopolistic.

9. Types of discounts on various seasons or festivals.

10. Proper marketing.

11. Understanding of market & customer.

12. Products analyzes. 

13. Proper recruitment for right department.

14. Proper accountability. 

15. Proper sales report. 

There are lots of point to discuss but one must understand the market structure. 

As we know customer is the king so why not to give certain benefits to customer. If retail sector wants to increase their slaes some of the benefits which they can provide to the customer is pick up and drop service.

It really works because i have tried it and the foot fall has increased tremendously as well as cutomers are happy because they feel that they are getting importance ....

Display of products available is very important in retail sales. Each product should be displayed in such a manner that the other products donot overshadow the other. Slow moving items need better highlighting to push the product through.

Start from the location where the market exists , (potential exists).

Thereafter tap the customer , and keep the quality price matrix good. The availability of range and options in the catered set helps importantly.

As they are the one who can also spread positive word of mouth...Its a human nature that they believe more when something is said by someone other than company or its people