As a business owner, it is critical to know when your biggest sales days are. These are the days when the revenue generated could help make your entire year a profitable one. Therefore, it is critical that you prepare for them as far in advance as possible to ensure that every customer has the ability to purchase what they want and how much of what they want.
Order More Inventory Than You Think That You Need
On an ordinary day, you may carry only the inventory that you think that you will sell until your next shipment comes in. However, on one of your busiest days, you want to have more than you think that you will sell on hand. This ensures that your business will not run out of the high margin goods that will drive profits. More importantly, it will position your company as one of the places to shop during the busiest times of the year.
Put More Staff on the Floor Than Usual
As you will see more customers than usual on the busiest sales days, you are going to need to have more people on the floor. This may mean increasing the number of hours current employees receive or hiring new workers on a temporary basis. Depending on the number of people who can work at a given time, it may be necessary for managers to get on the sales floor to ensure that everything goes smoothly for employees and customers alike.
Stay Open as Long as Necessary
If your store generally stays open until 10 p.m. on a Friday night, keep the store open until 1 a.m. the next morning if that’s what it takes to satisfy demand. Make sure that your call centers stay open as well to handle any phone orders or any other customer inquiries that may be made by customers outside of the store. Extending store hours may increase demand on top of what it already is by encouraging late stragglers to come in and check out what you have for sale.
Make Anywhere a Potential Checkout Spot
The use of payment terminal software that can link to a smartphone or tablet can make any spot in the store a potential checkout lane. If traditional lines are getting long, you can pull customers over to a cleared off clothing rack or any other space where it is suitable to line customers up and allow them to checkout on the fly.
Where Do You Get the Money for This?
If your company is going to need a loan to buy inventory or hire new workers, it is important to take care of that as soon as possible. You can go online to get business credit and capital loans in as little as 24 hours to get thousands of dollars in extra money to help you get through your busiest sales day. With the financing in place, your company can service more customers and sell more merchandise to take advantage of the increased demand.
As a business owner, you need to be prepared for anything that comes your way. Securing additional financing for your company can help you stay open later, hire more workers and buy more inventory to sell to customers. This may increase profits and put your company in a position to grow and thrive until your next big sales day.