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137 – 5 Steps to Merry and Bright Holiday Sales

137 – 5 Steps to Merry and Bright Holiday Sales

FromGift Biz Unwrapped


137 – 5 Steps to Merry and Bright Holiday Sales

FromGift Biz Unwrapped

ratings:
Length:
30 minutes
Released:
Nov 20, 2017
Format:
Podcast episode

Description

The holiday season brings a spirit of giving … both spiritual giving and material giving. [4:16]
The reality is people are expecting to spend money. They have their pocketbooks wide open and need to find the right gift … and sometimes any gift … to complete their holiday list.
Corporations are the same. They have to figure out how to manage a holiday gifting program into all the other tasks they normally do to run the business. They’ve budgeted for gifts. They have a deadline. And they’re looking for options.
The groundwork has been set and it couldn’t be more perfect!
So how can you use the holiday sales “spirit” to grow your business. But not just for this year.
5 Key Steps to make your holiday sales magical!DOCUMENT[6:21] Whether you created a formal plan this year for holiday promotion or not, you can get started with writing down every action you’ve taken to attract customers. Here are some possible things you’re doing:
Attending networking/local events
Posting in social media
Participating in a craft fair
Emailing your current customers
Hosting a holiday open house
Print/Radio/TV advertising

On a blank sheet of paper, write down what you’re doing. This is your baseline.
ANALYZE [7:50] As the season advances, consciously recognize and make notes about the following things:
Sales – Which of the events from Step 1 are bringing in the sales? If it’s not obvious where the customer are coming from … just ask them. Tally by number of sales, dollar volume of sales, or both. The point is to begin to understand which of the activities you are doing are actually converting into business.
Time – On a scale of 1-5 or whatever system you’d like, record how time intensive it is to implement each activity. Posting every day on different platforms and attending a craft fair take more time than emailing your list or placing an ad.
Cost – Again on a 1-5 scale, how expensive was it to follow through on the task.

It’s okay if there is a time intensive event that produces large sales. Or a simple task that brings in a little business. What you’re trying to identify are things that take a lot of time or money (your resources) and aren’t producing results.
ADJUSTMENTS [10:27] Here’s how you can learn from this year and improve for next year.|
Take Notes
This is important. You want to capture thoughts in the moment. As you are going about your hectic days, what ideas pop into your head of things you’d change next time? What systems are clunky or cumbersome?
Are you saying to yourself, “I don’t have anything to write down?” That’s probably because you aren’t consciously looking for them due to the hustle and bustle of the season. Pay attention :o)
[12:38] Look for things like:
What products are selling the best? Which aren’t?
Do you have enough help in the store?
Are there certain displays people are attracted to more than others?
What price points are working best?
What don’t you have that people are asking for?
Do you have a way to capture customer’s emails? Is it working?
How timely are you filling orders? Can you be more efficient?
Schedule a time to debrief [17:43] Immediately after the holiday season, actually put time in your calendar to review your notes. This can be an appointment with yourself or your team. Highlight and summarize things that you’ll do differently for next year.
Which promotions brought in sales that you want to repeat?
Are there improvements can you make?
What activities should you drop because they just didn’t perform?
Is there anything else you’d like to test for next year?
Once this is done, you can put your notes away until the next holiday planning season. In this manner you’ll have a base to start with when it’s time to start planning again.
HOLIDAY PLANNING TIME [20:36] In July or August pull out your notes. Now is the time to create your marketing plan for the upcoming holiday season. And you’re in luck! You
Released:
Nov 20, 2017
Format:
Podcast episode

Titles in the series (100)

Have you thought about turning your hobby into a profitable small business? This podcast shows you how to do just that. Whether you want a side gig for some extra cash or to get out of your 9-5, the handmade products you make for fun can hold the key! In each episode you'll hear steps and actions to take to start and grow a profitable business. It's created specifically for the handmade product business entrepreneur; a group I lovingly call Gifters, Bakers, Crafters, and Makers. You're a fabulous unique creative person and I'm here to help you get on the right path to making your vision a reality. There's a lot out there about building a service based business, some about building a product business, but handmade is different. There are specific nuances to handmade that we cover here. Have you thought about starting a business but not sure what the first steps should be and you're afraid to do it "wrong?" Have you started your business but it's not progressing as you had envisioned? Are you confused about Etsy, Amazon Handmade and Shopify platforms? What about email marketing and Facebook or Instagram ads for attracting sales? There is so much to know it can be overwhelming and confusing. I'm your host, Sue Monhait, and I interview business owners who have been where you are. This is combined with over 30 years of experience consulting hundreds of boutique and big brands along with opening two profitable product based business of my own, I'm here to help you realize your dream. At the end of each episode, you'll walk away with new ideas, tools, or processes that you can apply immediately to get results. Decide on your business. Learn how to get started. Hear what others do to get customers and increase their sales. A great first step is to subscribe to the show. Then you'll automatically get each new episode as it releases - ready and waiting for you when it's convenient to listen. The main show becomes available on Saturday morning with a short Tips & Talk episode on Wednesday. I want you to know that you don't have to do this alone. Find more free resources over at GiftBizUnwrapped.com and if you're looking for a community of handmade makers just like you, join us over in my private Facebook Group - Gift Biz Breeze.